Trade what you see NOT what you expect | Page 267 | Forex Factory

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Trade what you see NOT what you expect

  • #5,321
  • Apr 1, 2009 9:29am Apr 1, 2009 9:29am
Was i correct to have taken this off the 1hr 62ma instead of the 15min setup? yes i grabbed a quick 30 pips but want to use your method correctly thanks!
  • #5,322
  • Apr 1, 2009 9:31am Apr 1, 2009 9:31am
Quoting Infinity
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
Nice chart bro! I was looking at that last night as well.

Excellent trade! Have a good one on the road!
Just digging in the trenches like everyone else!
  • #5,323
  • Apr 1, 2009 9:31am Apr 1, 2009 9:31am
Quoting 4fun
Was i correct to have taken this off the 1hr 62ma instead of the 15min setup? yes i grabbed a quick 30 pips but want to use your method correctly thanks!
confluence....
Patience + Discipline - Greed = Success
  • #5,324
  • Apr 1, 2009 9:32am Apr 1, 2009 9:32am
Quoting 4fun
Was i correct to have taken this off the 1hr 62ma instead of the 15min setup? yes i grabbed a quick 30 pips but want to use your method correctly thanks!
You were not wrong in taking it off the 1h 62. Infinity might have justified his off the h1 62, I justified mine off the 15m PA, knowing the 1h 62 was there as well. This is where your lower time frame PA supports the upper time frame bounces.

Good trade!
Just digging in the trenches like everyone else!
  • #5,325
  • Apr 1, 2009 9:33am Apr 1, 2009 9:33am
Quoting eohater
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.
I know bro......

Lack of sleep for me, is not helping me focus. Will change that starting today.

HOLLA
  • #5,326
  • Apr 1, 2009 9:41am Apr 1, 2009 9:41am
Our friend confluence says it all being new to your method the 1hr looked so simple,will brushup much more on your setups just set this up last night so need to digest. Always looking for a sharp edge thanks for your replys.
  • #5,327
  • Apr 1, 2009 9:45am Apr 1, 2009 9:45am
Quoting eohater
Chart for everyone to understand why I took my position.
EO,
If I understand your decision was based on the formation of the pin bar which was a reversal signal. Woyuld you now go short on the 2 pins which have just formed??
  • #5,328
  • Apr 1, 2009 9:47am Apr 1, 2009 9:47am
Quoting stewrigh
EO,
If I understand your decision was based on the formation of the pin bar which was a reversal signal. Woyuld you now go short on the 2 pins which have just formed??
I still have some long soldiers marching, I don't see a clear pin on the 15m.
Just digging in the trenches like everyone else!
  • #5,329
  • Apr 1, 2009 10:01am Apr 1, 2009 10:01am
Is that tweezers on 1hr?

thanks
  • #5,330
  • Apr 1, 2009 10:02am Apr 1, 2009 10:02am
Quoting FOURX
Is that tweezers on 1hr?

thanks
I see them as well!
Just digging in the trenches like everyone else!
  • #5,331
  • Apr 1, 2009 10:05am Apr 1, 2009 10:05am
Quoting eohater
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....

Hey bro, thanks for the smack upside the head - this one definitely resonates with me. I've seen myself suffer from this two different ways - first one is as you mentioned, getting ahead of the trade (ie not waiting for candle to close, MA to be hit or whatever).

The other piece I've done is taken full profit too early (learning to take partials and leave some run). Result of this is I'm "out" so I'm "hunting" for a trade, instead of waiting for PA to bring one to me.

Maybe I should start asking my doctor to prescribe some heavy doses of Ritalin..
  • #5,332
  • Apr 1, 2009 10:11am Apr 1, 2009 10:11am
Quoting nyjetfan
Hey bro, thanks for the smack upside the head - this one definitely resonates with me. I've seen myself suffer from this two different ways - first one is as you mentioned, getting ahead of the trade (ie not waiting for candle to close, MA to be hit or whatever).

The other piece I've done is taken full profit too early (learning to take partials and leave some run). Result of this is I'm "out" so I'm "hunting" for a trade, instead of waiting for PA to bring one to me.

Maybe I should start asking my doctor to prescribe some heavy doses...
Don't feel alone... If you find that doctor let me know.. LOL Maybe a support group... Jumpers Anonymous .
Good Trading To All ; Ken Lee
  • #5,333
  • Apr 1, 2009 10:14am Apr 1, 2009 10:14am
does it look like buyer steam over here .... guess not!!!
Please ask questions and share your experiences with us all!
  • #5,334
  • Apr 1, 2009 10:17am Apr 1, 2009 10:17am
There's the pin I was looking for to go with the h1. I've taken a short position at 4392. I still have soldiers long, but short should pay for a minute or two.
Just digging in the trenches like everyone else!
  • #5,335
  • Apr 1, 2009 10:19am Apr 1, 2009 10:19am
Quoting KENNETH lEE
The Battle is brewing... Now that was a pin 15 min..
It sure was! My next TP at 4400 on my longs was hit, small position left long, but now my short position is stinking it up!
Just digging in the trenches like everyone else!
  • #5,336
  • Apr 1, 2009 10:21am Apr 1, 2009 10:21am
Quoting eohater
There's the pin I was looking for to go with the h1. I've taken a short position at 4392. I still have soldiers long, but short should pay for a minute or two.
Hey EO hows it going? I took a short there too just now. Its just shot past though Hopefully it will come back
  • #5,337
  • Apr 1, 2009 10:24am Apr 1, 2009 10:24am
Quoting PipLand
Hey EO hows it going? I took a short there too just now. Its just shot past though Hopefully it will come back
It's good bro! I'm on both sides of the fence currently. I have some marching long and now this short position that is stinking it up. We should be able to get out ok on it, and if not, there will be another trade.
Just digging in the trenches like everyone else!
  • #5,338
  • Apr 1, 2009 10:28am Apr 1, 2009 10:28am
Quoting eohater
but now my short position is stinking it up!
A little advice from an old fart...leave the gonads alone today!
Hi, my name is Barry and you can keep your doctor...
  • #5,339
  • Apr 1, 2009 10:35am Apr 1, 2009 10:35am
Quoting eohater
It's good bro! I'm on both sides of the fence currently. I have some marching long and now this short position that is stinking it up. We should be able to get out ok on it, and if not, there will be another trade.
good glad things are going well! Yeah managed to escape that one with no damage.

Interesting to hear you've got longs and shorts! Might have to give that a try Id prob end up confusing myself lol!
  • #5,340
  • Apr 1, 2009 10:36am Apr 1, 2009 10:36am
Quoting PipLand
good glad things are going well! Yeah managed to escape that one with no damage.

Interesting to hear you've got longs and shorts! Might have to give that a try Id prob end up confusing myself lol!
I have two accounts bro! My short was suppose to be in and out for some quick pippage and here we are 30m into it.
Just digging in the trenches like everyone else!
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