Trade what you see NOT what you expect | Page 266 | Forex Factory

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Trade what you see NOT what you expect

  • #5,301
  • Apr 1, 2009 8:52am Apr 1, 2009 8:52am
this could be good for a great long at the 1h 62ema
  • #5,302
  • Apr 1, 2009 8:53am Apr 1, 2009 8:53am
Quoting rt4x
What about the last 4H and 1H that closed? Shouldn't that drive it down a bit?
Sorry for the belated response...went on the road........ yes, as you can see it did drive it down, but now we are at the critical area.. 4320-30... after that... 4300..
This h4 close will be crucial...
Patience + Discipline - Greed = Success
  • #5,303
  • Apr 1, 2009 8:54am Apr 1, 2009 8:54am
Quoting Komissar
Bounce Up? Or cross it and down?
Don't know...got alot of news in 8 minutes. Might just watch the fireworks.

HOLLA
  • #5,304
  • Apr 1, 2009 8:55am Apr 1, 2009 8:55am
Quoting KENNETH lEE
Inspected and ready to move ,,SIR !!!!
Just digging in the trenches like everyone else!
  • #5,305
  • Apr 1, 2009 8:58am Apr 1, 2009 8:58am
Quoting Infinity
Sorry for the belated response...went on the road........ yes, as you can see it did drive it down, but now we are at the critical area.. 4320-30... after that... 4300..
This h4 close will be crucial...
Same here bro! I did take a long position at 4332.
Just digging in the trenches like everyone else!
  • #5,306
  • Apr 1, 2009 9:03am Apr 1, 2009 9:03am
Quoting eohater
Same here bro! I did take a long position at 4332.
Ha ha.... who told you my price...
Already took 25 off...
Patience + Discipline - Greed = Success
  • #5,307
  • Apr 1, 2009 9:06am Apr 1, 2009 9:06am
Quoting eohater
Same here bro! I did take a long position at 4332.
Chart for everyone to understand why I took my position.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 71 KB
Just digging in the trenches like everyone else!
  • #5,308
  • Apr 1, 2009 9:07am Apr 1, 2009 9:07am
Quoting Infinity
Ha ha.... who told you my price...
Already took 25 off...
Same here bro! Too freakin funny!
Just digging in the trenches like everyone else!
  • #5,309
  • Apr 1, 2009 9:10am Apr 1, 2009 9:10am
Quoting eohater
Same here bro! I did take a long position at 4332.
I am right on your heals...4333 here.
  • #5,310
  • Apr 1, 2009 9:11am Apr 1, 2009 9:11am
Guys, I was thinking last night while I was playing my Guitar Hero Metallica (my ADHD gets the best of me) and I think I know why some are having problems. It's called PATIENCE!! Patience is hard in the business, but you have to get some. We can't force the trade and move the market. It's very similar to how the game I was playing works. You can't force the notes, you can't be ahead of them or behind them, you have to be right there on time. If your too fast/slow on the game, the song sounds like shit. You just have to play it how you see it. Same goes here for trading, don't be too fast to pull the trigger, let the setup happen and then pull the trigger. I hope this makes sense to someone, I'm just trying to find ways to get people to understand this system.
Just digging in the trenches like everyone else!
  • #5,311
  • Apr 1, 2009 9:11am Apr 1, 2009 9:11am
Quoting eohater
Same here bro! Too freakin funny!
Great job bro! I took some more profit at the m15 10ema and covered now..
Going on the road again....
Patience + Discipline - Greed = Success
  • #5,312
  • Apr 1, 2009 9:12am Apr 1, 2009 9:12am
Quoting Shilva
I am right on your heals...4333 here.
Sweet bro!
Just digging in the trenches like everyone else!
  • #5,313
  • Apr 1, 2009 9:13am Apr 1, 2009 9:13am
Quoting Infinity
Great job bro! I took some more profit at the m15 10ema and covered now..
Going on the road again....
Same here bro, same here!

Have a good one on the road!
Just digging in the trenches like everyone else!
  • #5,314
  • Apr 1, 2009 9:17am Apr 1, 2009 9:17am
Why was your entry beyond the wick of the previous candle?

Were you not concerned with the news , that must have come out 2 or 3 minutes after your entry?

thanks
  • #5,315
  • Apr 1, 2009 9:18am Apr 1, 2009 9:18am
Quoting FOURX
Why was your entry beyond the wick of the previous candle?

Were you not concerned with the news , that must have come out 2 or 3 minutes after your entry?

thanks
I don't think he was concerned...look at his risk to reward.

That was my mistake in not taking that trade, worrying about the news and not focusing on the setup.

HOLLA
  • #5,316
  • Apr 1, 2009 9:22am Apr 1, 2009 9:22am
Quoting FOURX
Why was your entry beyond the wick of the previous candle?

Were you not concerned with the news , that must have come out 2 or 3 minutes after your entry?

thanks
I don't really worry that much about the news if I have everything else in line. The news can screw you for sure, but we had a pin across the 15/ 35/50. I have two trades there on that pin and cross. 1st is an immediate reversal order with SL 35 lower than the closing price of the pin. 2nd is a reversal order with SL 25 lower than the wick. I split the two and let price fall down the wick then reduced my SL. If I should have lost, I'll find a new trade, but the R:R was there. I've just taken profit off again at 4380, next target is 4400.
Just digging in the trenches like everyone else!
  • #5,317
  • Apr 1, 2009 9:27am Apr 1, 2009 9:27am
Quoting eohater
I don't really worry that much about the news if I have everything else in line. The news can screw you for sure, but we had a pin across the 15/ 35/50. I have two trades there on that pin and cross. 1st is an immediate reversal order with SL 35 lower than the closing price of the pin. 2nd is a reversal order with SL 25 lower than the wick. I split the two and let price fall down the wick then reduced my SL. If I should have lost, I'll find a new trade, but the R:R was there. I've just taken profit off again at 4380, next target is 4400.
Before I go I want to post this chart ..... It all depends on this current h4 close but I think it is very possible....

The area 1 is what I am looking at mainly because of a smaller (travel size) inverted shampoo inside the right shoulder...

I took more profit at 78.. most of my position is now closed but I have a small soldier still running and covered +2
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 38 KB
Patience + Discipline - Greed = Success
  • #5,318
  • Apr 1, 2009 9:28am Apr 1, 2009 9:28am
Pin is forming on 15M. Short?
  • #5,319
  • Apr 1, 2009 9:28am Apr 1, 2009 9:28am
Thanks EO
  • #5,320
  • Apr 1, 2009 9:29am Apr 1, 2009 9:29am
Quoting Turtle
I don't think he was concerned...look at his risk to reward.

That was my mistake in not taking that trade, worrying about the news and not focusing on the setup.

HOLLA
Don't worry bro! Setups outweight the news in my eyes. If it's giving us PA, then the news is just noise. Mechanical in motion, take the trade and remove the emotion. Emotion is for the news traders. Mechanical is for the technical traders.
Just digging in the trenches like everyone else!
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