Trade what you see NOT what you expect | Page 432 | Forex Factory

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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

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Trade What You See And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #8,621
  • Apr 17, 2009 1:37pm Apr 17, 2009 1:37pm
Quoting PippiNole
I'm not sure if I did or not I will look around. Being computer illiterate what do I do once I have the template?
We'll need to both be online together then when we're not trading to go through the steps. It's not too hard, but it's not plug and play either.
Just digging in the trenches like everyone else!
  • #8,622
  • Apr 17, 2009 1:39pm Apr 17, 2009 1:39pm
Quoting eohater
We'll need to both be online together then when we're not trading to go through the steps. It's not too hard, but it's not plug and play either.
Cool, let me know when.
  • #8,623
  • Apr 17, 2009 2:17pm Apr 17, 2009 2:17pm
I have one eye on this daily tl......
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 21 KB
Patience + Discipline - Greed = Success
  • #8,624
  • Apr 17, 2009 2:27pm Apr 17, 2009 2:27pm
Quoting Infinity
I have one eye on this daily tl......
I've got the same ones on my daily and look at the weekly as well.

Have a good weekend bro!
Just digging in the trenches like everyone else!
  • #8,625
  • Apr 17, 2009 2:31pm Apr 17, 2009 2:31pm
Take care guys and have a great weekend. Thanks again for everything.
  • #8,626
  • Apr 17, 2009 2:34pm Apr 17, 2009 2:34pm
yeah have a good weekend guys, and thanks for all the charts and descriptions
  • #8,627
  • Apr 17, 2009 3:17pm Apr 17, 2009 3:17pm
Quoting eohater
I've got the same ones on my daily and look at the weekly as well.

Have a good weekend bro!
Have a good one your self bro! And I wish for everyone in the thread a great weekend as well.. Don't forget to party....
Attached Image
Patience + Discipline - Greed = Success
  • #8,628
  • Apr 17, 2009 3:43pm Apr 17, 2009 3:43pm
Have all a good family weekend



Hasta la vista
"Even A Thousand Mile Journey Begins with the First Step"
  • #8,629
  • Apr 17, 2009 3:51pm Apr 17, 2009 3:51pm
Quoting Infinity
I have one eye on this daily tl......

em.... see these two charts alike..

http://billye2000.googlepages.com/GU_dow.GIF
  • #8,630
  • Apr 17, 2009 4:12pm Apr 17, 2009 4:12pm
Last chart for the week.... for some EJ traders, take a look of daily

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Apr. 17 16.11.gif Size: 16 KB
"Even A Thousand Mile Journey Begins with the First Step"
  • #8,631
  • Apr 18, 2009 8:49am Apr 18, 2009 8:49am
Quoting eohater
Trade what you see and NOT what you expect is my first thought before entering a trade. This mentality has helped me trade the market for what it is. We don't know where it's going, only where it's been. I use key setups and take trades without any emotion attached.

I trade only the GBP/USD and primarily during the US Session, she (I refer to the GBP/USD as she) provides enough opportunties that I don't need to worry about the other currency pairs. I don't worry about the fundamental side of trading, trading itself is emotional enough....
Hi everybody... just reading again EOs thread & matching it with STEVE NISON`s candlesticks book, so wanted to share it with you:

"Technical analysis provides the only mechanism to measure
the "irrational" (emotional) component present in all markets.
Here is an entertaining story about how strongly psychology can
affect a market. It is from the book The New Gatbyst takes place at the
Chicago Board of Trade.

Soybeans were sharply higher. There was a drought in the Illinois Soybean
Belt. And unless it ended soon, there would be a severe shortage of
beans. . . . Suddenly a few drops of water slid down a window. "Look,"
someone shouted, "rain!". More than 500 pairs of eyes [the traderseditor's
note] shifted to the big windows. . . . Then came a steady trickle
which turned into a steady downpour. It was raining in downtown Chicago.
Sell. Buy. Buy. Sell. The shouts cascaded from the traders' lips with a
roar that matched the thunder outside. And the price of soybeans began
to slowly move down. Then the price of soybeans broke like some tropic
fever.
It was pouring in Chicago all right, but no one grows soybeans in Chicago.
In the heart of the Soybean Belt, some 300 miles south of Chicago
the sky was blue, sunny and very dry. But even if it wasn't raining on
the soybean fields it was in the heads of the traders, and that is all that counts
[emphasis added]. To the market nothing matters unless the market
reacts to it. The game is played with the mind and the emotions [emphasis
added].


Regards
"Even A Thousand Mile Journey Begins with the First Step"
  • #8,632
  • Apr 18, 2009 9:10am Apr 18, 2009 9:10am
Quoting analizer
Hi everybody... just reading again EOs thread & matching it with STEVE NISON`s candlesticks book, so wanted to share it with you:

"Technical analysis provides the only mechanism to measure
the "irrational" (emotional) component present in all markets.
Here is an entertaining story about how strongly psychology can
affect a market. It is from the book The New Gatbyst takes place at the
Chicago Board of Trade.

[color=blue][i][color=darkgreen]Soybeans...
Very enlightening example.. Why we should always trade what the charts show us.. Of course the fundamental guys wouldn't agree. LOL
Good Trading To All ; Ken Lee
  • #8,633
  • Apr 18, 2009 12:00pm Apr 18, 2009 12:00pm
I took the information he gave us the other day and converted it into JPG's and added my interpretation to it. If my thoughts are misleading please let me know.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EO's Clean entry signals a.JPG Size: 164 KB
Click to Enlarge Name: EO's Clean entry signals b.JPG Size: 205 KB
Click to Enlarge Name: EO's Clean entry signals c.JPG Size: 172 KB
Click to Enlarge Name: EO's Clean entry signals d.JPG Size: 199 KB
Good Trading To All ; Ken Lee
  • #8,634
  • Apr 19, 2009 10:22am Apr 19, 2009 10:22am
Last week I posted some jpg's to help remind us of trades to take . I use these on a digital LCD picture frame on my desk. Kinda like your consciences reminding you what to do. Below are some more I have just added to mine.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: accept loses.JPG Size: 52 KB
Click to Enlarge Name: Check 1 hr 4 hr.JPG Size: 48 KB
Click to Enlarge Name: do it.JPG Size: 47 KB
Click to Enlarge Name: Doing Great.JPG Size: 60 KB
Click to Enlarge Name: Ma 1 and 5 oclock trades.JPG Size: 60 KB
Click to Enlarge Name: PA profit taking.JPG Size: 69 KB
Click to Enlarge Name: Retest entry.JPG Size: 72 KB
Good Trading To All ; Ken Lee
  • #8,635
  • Apr 19, 2009 10:24am Apr 19, 2009 10:24am
and a few more. Hoep everyone is havin a great weekend... Ken
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Scan for trades.JPG Size: 70 KB
Click to Enlarge Name: stops.JPG Size: 72 KB
Click to Enlarge Name: support.JPG Size: 67 KB
Click to Enlarge Name: work.JPG Size: 58 KB
Good Trading To All ; Ken Lee
  • #8,636
  • Apr 19, 2009 10:25am Apr 19, 2009 10:25am
guys, so we're up to about the neckline of the Nov-Jan H&S pattern on the daily, no?
  • #8,637
  • Apr 19, 2009 12:09pm Apr 19, 2009 12:09pm
Quoting ezodisy
guys, so we're up to about the neckline of the Nov-Jan H&S pattern on the daily, no?
Can you post a chart on this? I'm not seeing it.
Just digging in the trenches like everyone else!
  • #8,638
  • Apr 19, 2009 12:24pm Apr 19, 2009 12:24pm
Nice "JPG" work Ken.

Your charts and trade summaries are a great supplement to the thread for a new arrival such as myself.

Thanks for taking the time.

Macc
  • #8,639
  • Apr 19, 2009 12:29pm Apr 19, 2009 12:29pm
Quoting eohater
Can you post a chart on this? I'm not seeing it.
I think what he's saying is, there was a shampoo that formed from November-Jan. It's played out now and price has worked it's way up past the original neckline.

If anything, we're in the middle of playing out an inverted shampoo on the daily.
Hi, my name is Barry and you can keep your doctor...
  • #8,640
  • Apr 19, 2009 12:33pm Apr 19, 2009 12:33pm
Quoting macc
Nice "JPG" work Ken.

Your charts and trade summaries are a great supplement to the thread for a new arrival such as myself.

Thanks for taking the time.

Macc
Welcome to the forum macc.

Pay close attention to what's going on. On Mondays we have a written exam.
Hi, my name is Barry and you can keep your doctor...
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