Trade what you see NOT what you expect | Page 169 | Forex Factory

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Trade what you see NOT what you expect

  • #3,361
  • Mar 20, 2009 10:07am Mar 20, 2009 10:07am
Quoting Infinity
My shorts were closed and I tried a long at 4465... lookin for 4500
Very possible you could see that, maybe more.
Just digging in the trenches like everyone else!
  • #3,362
  • Mar 20, 2009 10:09am Mar 20, 2009 10:09am
Quoting eohater
Very possible you could see that, maybe more.
I closing most of it there because of the h4 and h1 pins..
Patience + Discipline - Greed = Success
  • #3,363
  • Mar 20, 2009 10:10am Mar 20, 2009 10:10am
Quoting Infinity
I closing most of it there because of the h4 and h1 pins..
Matter of fact.. I took some off at 90 and covered the rest...
Patience + Discipline - Greed = Success
  • #3,364
  • Mar 20, 2009 10:12am Mar 20, 2009 10:12am
Quoting Infinity
Matter of fact.. I took some off at 90 and covered the rest...
Good move bro!
Just digging in the trenches like everyone else!
  • #3,365
  • Mar 20, 2009 10:13am Mar 20, 2009 10:13am
Quoting eohater
Good move bro!
Patience + Discipline - Greed = Success
  • #3,366
  • Mar 20, 2009 10:17am Mar 20, 2009 10:17am
Quoting Infinity
I took another short back at 4490 with my remaining position. Most was closed out at 4400, so I figure I can add some more and look for 4450 for some more TP on them.
Just digging in the trenches like everyone else!
  • #3,367
  • Mar 20, 2009 10:20am Mar 20, 2009 10:20am
Quoting Infinity
My shorts were closed and I tried a long at 4465... lookin for 4500
Hey Infinity,

When you get chance, please explain why you closed and took the long here.

Cheers
  • #3,368
  • Mar 20, 2009 10:20am Mar 20, 2009 10:20am
Quoting eohater
I took another short back at 4490 with my remaining position. Most was closed out at 4400, so I figure I can add some more and look for 4450 for some more TP on them.
Sounds like a plan bro! My remaining long just got stopped out +2... I expected that to happen anyway.. I may be done for the day/week now.. but that may change...

I am going on the road now so good luck with your trades.!
Patience + Discipline - Greed = Success
  • #3,369
  • Mar 20, 2009 10:23am Mar 20, 2009 10:23am
Quoting Infinity
Sounds like a plan bro! My remaining long just got stopped out +2... I expected that to happen anyway.. I may be done for the day/week now.. but that may change...

I am going on the road now so good luck with your trades.!
I'm done once this trade is done myself unless there's just a damn fine setup asking for it.

Enjoy the road and have a great weekend bro! We'll battle again next week together.
Just digging in the trenches like everyone else!
  • #3,370
  • Mar 20, 2009 10:24am Mar 20, 2009 10:24am
Quoting eohater
Would love to see double hangman on the 15m.

hmmm...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 50 KB
Just digging in the trenches like everyone else!
  • #3,371
  • Mar 20, 2009 10:24am Mar 20, 2009 10:24am
Quoting Infinity
Sounds like a plan bro! My remaining long just got stopped out +2... I expected that to happen anyway.. I may be done for the day/week now.. but that may change...

I am going on the road now so good luck with your trades.!
ENJOY...and thanks for your earlier explanation...wil be trying some of that next week....BEST WISHES TO ALL
  • #3,372
  • Mar 20, 2009 10:26am Mar 20, 2009 10:26am
Quoting cisco
I'm not a big drinker but I made a couple of gallons of kahlua a couple of months ago. I might have to uncork one and let her breathe before I take a sample sip in honor of a good week. cheers!
ENJOY....You deserve it after such a week....
  • #3,373
  • Mar 20, 2009 10:36am Mar 20, 2009 10:36am
1st TP of 4450 has been hit. Now, rest is covered at +3 and targeting 4400
Just digging in the trenches like everyone else!
  • #3,374
  • Mar 20, 2009 10:39am Mar 20, 2009 10:39am
Quoting eohater
Everyone I would like some feedback on your pippage this week. If you all don't mind when you get a chance, please let me know how this week was for you. Please include your weekly goal and what your actual was.
I would still like more feedback from others. Some have shared their success, I would like to hear more. Even if it wasn't success, I DEFINATELY want to hear about that. We have alot of lurkers everyday, so please share. If you don't want to post it on the forum, that's fine, send me a PM, I don't mind keeping it confidential.
Just digging in the trenches like everyone else!
  • #3,375
  • Mar 20, 2009 10:39am Mar 20, 2009 10:39am
Quoting rt4x
ENJOY....
I did....smooooooooooooooth
Hi, my name is Barry and you can keep your doctor...
  • #3,376
  • Mar 20, 2009 10:41am Mar 20, 2009 10:41am
See you all next week ,, Thanks for this one ,, Everyone have a safe and sane one... . Ken Lee

ps.
If any older more excprience members are around sunday early .. I am thinking of posting some flashcards to show entries before they start there move to give us something to really see the pattern prior to movement.. Be nice if someone could glance at them so I can remove any that are not up to snuff.. I will be going off previous post though.... Thanks Ken
Good Trading To All ; Ken Lee
  • #3,377
  • Mar 20, 2009 10:44am Mar 20, 2009 10:44am
In answer to your earlier question, I've taken 6 pips this week. That's not a lot, but that was on one trade, and I was testing one of your setups. I'm seeing trades and setups a lot earlier now, and understanding a lot more of why price moves where it does, and why price rebounds, and what to look for after the rebound to see where we are going after that.

As you already know, I've learnt a helluva lot in a short amount of time, and as a result of reading this thread and others, I no longer use indicators other than a MACD derivative for divergence.

I fully expect to be taking more trades soon and with a great deal of confidence thanks largely to the information contained within this thread.

Thanks EO, Infinity and the other contributors.
  • #3,378
  • Mar 20, 2009 10:46am Mar 20, 2009 10:46am
Hey EO, I have been reading over your pdf, I think its great. At first I would try to guess the direction and hold with limited technical analysis. I'm currently trading of the the 15m candles... if that's what you call it, I'm learning lol. So far I have made 60 pips in the last couple hours. I'll print out your pdf in color and read it again. I keep this thread open and refreshed to get more insight. Keep up the good work. One last thing how do you manage your losses ie, stop loss and profit taking? I seem to have the problem of getting out to early or waiting to long.
  • #3,379
  • Mar 20, 2009 10:49am Mar 20, 2009 10:49am
This is what I am seeing on daily and weekly....watching the close CAREFULLY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily chart.gif Size: 52 KB
Click to Enlarge Name: weekly chart.gif Size: 39 KB
  • #3,380
  • Mar 20, 2009 10:55am Mar 20, 2009 10:55am
Quoting eohater
Everyone I would like some feedback on your pippage this week. If you all don't mind when you get a chance, please let me know how this week was for you. Please include your weekly goal and what your actual was.
Hey EO.

Took just 1 trade -40pips yesterday.

I did post a question later about the trade,as it seems that you allowed the trade to go into a drawdown around 50 pips or so, but you did not respond.

Cheers
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