Trade what you see NOT what you expect | Page 170 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #3,381
  • Mar 20, 2009 10:58am Mar 20, 2009 10:58am
Quoting FOURX
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
I'm sorry for not responding, I didn't see your post. My trade yesterday was not a quick paying trade. I did have draw down and it was around 50 pips, but I did add to my position multiple areas and came out nicely. I did make a post apologizing for anyone who followed the trade and incurred a loss.
Just digging in the trenches like everyone else!
  • #3,382
  • Mar 20, 2009 10:59am Mar 20, 2009 10:59am
Quoting FOURX
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
Fourx - I think it was addressed here as a "stunt trade" (my term for it) or a built up position (EO's terminology):

http://www.forexfactory.com/showpost...postcount=3159
  • #3,383
  • Mar 20, 2009 11:00am Mar 20, 2009 11:00am
Is that another hangman on the hourly I see??
Just digging in the trenches like everyone else!
  • #3,384
  • Mar 20, 2009 11:03am Mar 20, 2009 11:03am
Quoting eohater
Is that another hangman on the hourly I see??
Did you take it...or are u waiting for pullback?
  • #3,385
  • Mar 20, 2009 11:03am Mar 20, 2009 11:03am
Thanks for your response guys
  • #3,386
  • Mar 20, 2009 11:05am Mar 20, 2009 11:05am
Quoting rt4x
Did you take it...or are u waiting for pullback?
I'm already short from an upper price. I did add 2 more soldiers though on my current position off of it though.
Just digging in the trenches like everyone else!
  • #3,387
  • Mar 20, 2009 11:06am Mar 20, 2009 11:06am
Quoting eohater
I'm already short from an upper price. I did add 2 more soldiers though on my current position off of it though.
EO...my soldiers are resting...sure ready for next week....CONGRATS !!!

If you don't mind...what does each soldier represent to you in terms of lot size?
  • #3,388
  • Mar 20, 2009 11:07am Mar 20, 2009 11:07am
Quoting rt4x
EO...my soldiers are resting...sure ready for next week....CONGRATS !!!
Nothing wrong with that. If you would have taken it though, you'd be up over 20 pips already.
Just digging in the trenches like everyone else!
  • #3,389
  • Mar 20, 2009 11:09am Mar 20, 2009 11:09am
Quoting eohater
Nothing wrong with that. If you would have taken it though, you'd be up over 20 pips already.
One more item, DRAW DOWN of only the spread.

I do love my candles.
Just digging in the trenches like everyone else!
  • #3,390
  • Mar 20, 2009 11:11am Mar 20, 2009 11:11am
Took 4 soldiers off at 4430. Rest is now covered at +10. Targeting 4400 for another round to come off and will have 2 left should we get to 4400.
Just digging in the trenches like everyone else!
  • #3,391
  • Mar 20, 2009 11:11am Mar 20, 2009 11:11am
Quoting eohater
One more item, DRAW DOWN of only the spread.

I do love my candles.
Did you see my charts...would you agree with me that if she continues as she has today...we can have bearish activity next week....or am I missing something ???
  • #3,392
  • Mar 20, 2009 11:13am Mar 20, 2009 11:13am
Quoting rt4x
Did you see my charts...would you agree with me that if she continues as she has today...we can have bearish activity next week....or am I missing something ???
I did see your charts. I can't consider those til we close out our daily and weekly candle. But, she is showing at this moment she'll be bearish next week. That's not to say she won't have trades for longs though. Remember, the US is buying it's own debt. Technically, it should devalue the dollar.
Just digging in the trenches like everyone else!
  • #3,393
  • Mar 20, 2009 11:14am Mar 20, 2009 11:14am
Quoting eohater
I did see your charts. I can't consider those til we close out our daily and weekly candle. But, she is showing at this moment she'll be bearish next week. That's not to say she won't have trades for longs though. Remember, the US is buying it's own debt. Technically, it should devalue the dollar.
Understood....and of course we trade her up and down..taking what she brings...THANKS again
  • #3,394
  • Mar 20, 2009 11:17am Mar 20, 2009 11:17am
I might get bitten on this one. I went long on the trend line bounce. 1.4331
Hi, my name is Barry and you can keep your doctor...
  • #3,395
  • Mar 20, 2009 11:20am Mar 20, 2009 11:20am
Quoting cisco
I might get bitten on this one. I went long on the trend line bounce. 1.4331
I hope you don't get burned! She should be alright for you. 4400 seems very tight to break and don't see it happening today, but we have almost 3h left in trading, so anything is possible.
Just digging in the trenches like everyone else!
  • #3,396
  • Mar 20, 2009 11:22am Mar 20, 2009 11:22am
Hey EO.

Look forward to recouping my loss next week (hopefully)

Have a good weekemd all!
  • #3,397
  • Mar 20, 2009 11:22am Mar 20, 2009 11:22am
Cisco...would you call that a H & S on the 15m with a buffed up right shoulder

This would be a neckline at about 4410
  • #3,398
  • Mar 20, 2009 11:23am Mar 20, 2009 11:23am
Quoting FOURX
Hey EO.

Look forward to recouping my loss next week (hopefully)

Have a good weekemd all!
I'm sorry about your loss! We'll get 'em back next week with interest. Enjoy your weekend!
Just digging in the trenches like everyone else!
  • #3,399
  • Mar 20, 2009 11:25am Mar 20, 2009 11:25am
Quoting rt4x
Cisco...would you call that a H & S on the 15m with a buffed up right shoulder
There's a bunch of shampoos on the 15m. I'm not sure which one you're talking about.
Hi, my name is Barry and you can keep your doctor...
  • #3,400
  • Mar 20, 2009 11:27am Mar 20, 2009 11:27am
Quoting cisco
There's a bunch of shampoos on the 15m. I'm not sure which one you're talking about.
I am seeing neckline at about 4410...left shoulder top @ 4465..head @ 4500 and right shoulder @ 4490....

please tell me if you see it ?
17 traders viewing now