Trade what you see NOT what you expect | Page 221 | 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

  • #4,401
  • Mar 27, 2009 8:45am Mar 27, 2009 8:45am
I would like to take the time and thank everyone that has posted insightful info here this week....it truly helps in confirming what one is seeing...
As EO and Infinity posted info regarding having a bias by analyzing bigger TFs throughout the week, I have realized this is where I am still weak...
Coming to the charts at any given time...and before jumping into anything just because I see it on the 15m...considering what the 1H and 4H are telling me..
It has truly helped this week to stay with no losses and even though I left many pips on the table...i grabbed enough green to put in my basket and surpass weekly goal...
I am truly thankful and humbly ask that this type of posting continues by senior members...this will give us ..the newer ones, the much needed confidence
btw...i am reading "Trading in the Zone"....i highly recommend it
  • #4,402
  • Mar 27, 2009 8:51am Mar 27, 2009 8:51am
I'll second that. Many cheers to the old chaps!

Quoting rt4x
I would like to take the time and thank everyone that has posted insightful info here this week....it truly helps in confirming what one is seeing...
As EO and Infinity posted info regarding having a bias by analyzing bigger TFs throughout the week, I have realized this is where I am still weak...
Coming to the charts at any given time...and before jumping into anything just because I see it on the 15m...considering what the 1H and 4H are telling me..
It has truly helped this week to stay with no losses and even though I left many pips on the...
Ride the Bulls bearback!
  • #4,403
  • Mar 27, 2009 8:52am Mar 27, 2009 8:52am
1H hangman?
  • #4,404
  • Mar 27, 2009 9:00am Mar 27, 2009 9:00am
Quoting Komissar
1H hangman?
There you go! It developed in the last 2m. See why we wait and have patience.
Just digging in the trenches like everyone else!
  • #4,405
  • Mar 27, 2009 9:05am Mar 27, 2009 9:05am
who's in ?????
  • #4,406
  • Mar 27, 2009 9:06am Mar 27, 2009 9:06am
I am. Small short on 4330
  • #4,407
  • Mar 27, 2009 9:07am Mar 27, 2009 9:07am
Quoting rt4x
who's in ?????
4340 myself.
Just digging in the trenches like everyone else!
  • #4,408
  • Mar 27, 2009 9:12am Mar 27, 2009 9:12am
We might get a confirming hangman on the 15m.
Just digging in the trenches like everyone else!
  • #4,409
  • Mar 27, 2009 9:15am Mar 27, 2009 9:15am
Quoting rt4x
who's in ?????
didn't take it because of the upwards 15m tl
Attached Image (click to enlarge)
Click to Enlarge Name: 15m2703.gif Size: 34 KB
  • #4,410
  • Mar 27, 2009 9:18am Mar 27, 2009 9:18am
Quoting dariuske
didn't take it because of the upwards 15m tl
Here's mine.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 42 KB
Just digging in the trenches like everyone else!
  • #4,411
  • Mar 27, 2009 9:20am Mar 27, 2009 9:20am
Quoting eohater
There you go! It developed in the last 2m. See why we wait and have patience.
EO question . Please. the Hangman on the 1 hour . signifies we should go short within the next hour ? We are in a flag pattern on the 15 min .the pullback to the topside of our flag will corespond to the upper small wick on our Hangman. This would be our ideal entry ? and until we break the bottom of the flag we can play the range inside our flag off our Hangman ?


Sorry so long.. Ken
Good Trading To All ; Ken Lee
  • #4,412
  • Mar 27, 2009 9:27am Mar 27, 2009 9:27am
I've taken 40 off, covered now on the rest
Just digging in the trenches like everyone else!
  • #4,413
  • Mar 27, 2009 9:29am Mar 27, 2009 9:29am
Quoting eohater
I've taken 40 off, covered now on the rest
We are learning EO...was in at 4341...took off 50....covered rest...THANKS !
  • #4,414
  • Mar 27, 2009 9:30am Mar 27, 2009 9:30am
Quoting KENNETH lEE
EO question . Please. the Hangman on the 1 hour . signifies we should go short within the next hour ? We are in a flag pattern on the 15 min .the pullback to the topside of our flag will corespond to the upper small wick on our Hangman. This would be our ideal entry ? and until we break the bottom of the flag we can play the range inside our flag off our Hangman ?


Sorry so long.. Ken
The hangman on the h1 supports the movement short. Their not always 100% accurate, but it's a good setup. If you noticed, I let price drift up a little and got in at 4340. Price continued to drift to 4352 I believe. So, yes, the ideal entry is the top of the prior h1 candle. So, here's how one should play it. Enter a 1/4 position on the opening of the new h1, add a 1/4 position on the top of the prior candle, then enter 1/2 position 20 pips higher with SL 15 pips higher than that. This is called scalling into your position. The pisser about this is when she doesn't go up and just falls from the opening price and you only have a 1/4 of your normal position on. But, hey, green is good.
Just digging in the trenches like everyone else!
  • #4,415
  • Mar 27, 2009 9:31am Mar 27, 2009 9:31am
Quoting eohater
I've taken 40 off, covered now on the rest

That hangman was the first thing I saw when I opened up my platform... I got in at 4350 took 60 pips off and covered the rest.....
Patience + Discipline - Greed = Success
  • #4,416
  • Mar 27, 2009 9:31am Mar 27, 2009 9:31am
Got my weekly quota.
Green pips to everyone!
Have a nice weekend!
  • #4,417
  • Mar 27, 2009 9:32am Mar 27, 2009 9:32am
Quoting rt4x
We are learning EO...was in at 4341...took off 50....covered rest...THANKS !
We all are learning! I've taken more off myself at 4285

She broke out, now she should test the bottom of the channel. Should it hold, I will be adding more soldiers into battle.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 42 KB
Just digging in the trenches like everyone else!
  • #4,418
  • Mar 27, 2009 9:32am Mar 27, 2009 9:32am
Quoting Infinity

That hangman was the first thing I saw when I opened up my platform... I got in at 4350 took 60 pips off and covered the rest.....
MAN YOU'RE GOOD>>>> Good morning !
  • #4,419
  • Mar 27, 2009 9:33am Mar 27, 2009 9:33am
Quoting eohater
Here's mine.
cool

took a short from the upper tl i saw on your chart

thx for posting it EO
it means a lot to me - and i learn a lot from it - cause i'm a visual person and a chart says more than a 1000 words to me

This is a totaly new trading way for me, so i still need a lot of adapting and re-adjusting.
  • #4,420
  • Mar 27, 2009 9:34am Mar 27, 2009 9:34am
Quoting eohater
We all are learning! I've taken more off myself at 4285

She broke out, now she should test the bottom of the channel. Should it hold, I will be adding more soldiers into battle.
Nice bro! I am thinking about the base of the tl as possible target...
Attached Image
Patience + Discipline - Greed = Success
105 traders viewing now