Trade what you see NOT what you expect | Page 165 | Forex Factory

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Trade what you see NOT what you expect

  • #3,281
  • Mar 20, 2009 9:08am Mar 20, 2009 9:08am
Quoting pmn100
Ah, I see. So hangmans coupled with prior PA are the ones to enter on. A hangman out there on it's own isn't good enough to trade.
No, what I'm saying is the INVERTED HANGMAN is not good enough for me to trade on her own. If it was a hangman on the top, then I'll take the trade on it alone, but when it's shadowed the way this one is, I need other support.
Just digging in the trenches like everyone else!
  • #3,282
  • Mar 20, 2009 9:09am Mar 20, 2009 9:09am
Quoting eohater
It's too quiet! Please tell me you guys didn't sell it at 4420?
long off the trendline at 4400
  • #3,283
  • Mar 20, 2009 9:11am Mar 20, 2009 9:11am
Quoting eohater
You could have, but look at my expaination above.
cheers
please DON'T copy my trades I am still learning
  • #3,284
  • Mar 20, 2009 9:13am Mar 20, 2009 9:13am
EO, I read your pdf last night and decided to trade your plays today. Scored some damn fine pippage, I must say from the plays on the m15 hangman and hammers. Thank you. And thanks to the rest of you guys's.
Ride the Bulls bearback!
  • #3,285
  • Mar 20, 2009 9:16am Mar 20, 2009 9:16am
I wonder if that 4395 low counts as a successful retest of the broken daily channel...
  • #3,286
  • Mar 20, 2009 9:18am Mar 20, 2009 9:18am
Quoting alcando
EO, I read your pdf last night and decided to trade your plays today. Scored some damn fine pippage, I must say from the plays on the m15 hangman and hammers. Thank you. And thanks to the rest of you guys's.
Cool bro! That's what I like to hear. People making damn fine pippage
Just digging in the trenches like everyone else!
  • #3,287
  • Mar 20, 2009 9:19am Mar 20, 2009 9:19am
Quoting eohater
No, what I'm saying is the INVERTED HANGMAN is not good enough for me to trade on her own. If it was a hangman on the top, then I'll take the trade on it alone, but when it's shadowed the way this one is, I need other support.
When you say shadowed, you mean it's engulfed by the previous candle? So hangmans need to extend beyond the high (hangman) or low (inverted hangman) to be valid? Or are you saying inverted hangmans are not as reliable as normal hangmans?

Thanks
  • #3,288
  • Mar 20, 2009 9:20am Mar 20, 2009 9:20am
Quoting ezmystic
cheers
I've seen on the inverted hangman, she'll sometimes just continue south without respect of going back up.
Just digging in the trenches like everyone else!
  • #3,289
  • Mar 20, 2009 9:21am Mar 20, 2009 9:21am
Now, here's another test. If you took the reverse trade on the close across the 15m 35/50, you should have taken 20 off and set it at +3 now. I did. I still have my long position in my other account. Now, which one will take who's SL out. Their both green...
Just digging in the trenches like everyone else!
  • #3,290
  • Mar 20, 2009 9:22am Mar 20, 2009 9:22am
Quoting pmn100
When you say shadowed, you mean it's engulfed by the previous candle? So hangmans need to extend beyond the high (hangman) or low (inverted hangman) to be valid? Or are you saying inverted hangmans are not as reliable as normal hangmans?

Thanks
Inverted hangman is not as reliable as normal, which is why I look at the lower time frame charts for my entry on them.
Just digging in the trenches like everyone else!
  • #3,291
  • Mar 20, 2009 9:22am Mar 20, 2009 9:22am
I'm done for the day. Thanks for all the help this week guys, it's been a pleasure. Should be an interesting weekly candle at close. See you guys bright and early 7am London time on Monday
  • #3,292
  • Mar 20, 2009 9:22am Mar 20, 2009 9:22am
INFINITY!! How's it going bro? So you didn't find the lobster races in Ochos Rios. Damn, I was hoping to see a picture today. Hope you and the family had a good time though.
Just digging in the trenches like everyone else!
  • #3,293
  • Mar 20, 2009 9:23am Mar 20, 2009 9:23am
Quoting ezodisy
I'm done for the day. Thanks for all the help this week guys, it's been a pleasure. Should be an interesting weekly candle at close. See you guys bright and early 7am London time on Monday
EZO, let me ask. How did your pippage do this week?
Just digging in the trenches like everyone else!
  • #3,294
  • Mar 20, 2009 9:26am Mar 20, 2009 9:26am
what is the entry strategy for tweezers ? Like on the 15 min if they close that way !!
Good Trading To All ; Ken Lee
  • #3,295
  • Mar 20, 2009 9:27am Mar 20, 2009 9:27am
Quoting KENNETH lEE
what is the entry strategy for tweezers ? Like on the 15 min if they close that way !!
I'm not worried about it for another 2m. Looks like right now though it's going to be tweezer tops with a hangman. You know what to do.
Just digging in the trenches like everyone else!
  • #3,296
  • Mar 20, 2009 9:27am Mar 20, 2009 9:27am
Quoting eohater
INFINITY!! How's it going bro? So you didn't find the lobster races in Ochos Rios. Damn, I was hoping to see a picture today. Hope you and the family had a good time though.
Hey bro! No luck with the lobsters.. I asked everyone I could about it and no-one knew about it... They all thought I was crazy.. talking bout lobster races

We had a great time...though I was looking forward to seeing some lobsters go at each other...
Patience + Discipline - Greed = Success
  • #3,297
  • Mar 20, 2009 9:29am Mar 20, 2009 9:29am
Quoting Infinity
Hey bro! No luck with the lobsters.. I asked everyone I could about it and no-one knew about it... They all thought I was crazy.. talking bout lobster races

We had a great time...though I was looking forward to seeing some lobsters go at each other...
Sorry bro! Didn't mean to make you look silly with your natives. It must have just been something the resort my inlaws stayed at did.
Just digging in the trenches like everyone else!
  • #3,298
  • Mar 20, 2009 9:30am Mar 20, 2009 9:30am
It's improved a lot since I started to follow your technique, that's without doubt. My target is 250pips a week (50/day) and I exceeded it by about 3 times this week. For me that is outstanding, I'd be ecstatic with just 250 really which is why I keep the target low. The MAs and understanding how to read candles are helping me to trade without emotion, to just do it, something I'm still learning to do since I started on forex in Nov and it's definitely clicking now. Cheers mate and have a great rest of day I'll be reviewing NY's pdf this weekend again
  • #3,299
  • Mar 20, 2009 9:32am Mar 20, 2009 9:32am
Quoting eohater
Sorry bro! Didn't mean to make you look silly with your natives. It must have just been something the resort my inlaws stayed at did.
Nothing to apologise about bro! I had fun just seeing the reactions to the question... Yeah it was probably something at the hotel...
Patience + Discipline - Greed = Success
  • #3,300
  • Mar 20, 2009 9:33am Mar 20, 2009 9:33am
Quoting ezodisy
It's improved a lot since I started to follow your technique, that's without doubt. My target is 250pips a week (50/day) and I exceeded it by about 3 times this week. For me that is outstanding, I'd be ecstatic with just 250 really which is why I keep the target low. The MAs and understanding how to read candles are helping me to trade without emotion, to just do it, something I'm still learning to do since I started on forex in Nov and it's definitely clicking now. Cheers mate and have a great rest of day I'll be reviewing NY's pdf this...
Cool bro! I'm glad to hear. You enjoy your weekend and prepare for the battle to come next week.
Just digging in the trenches like everyone else!
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