Trade what you see NOT what you expect | Page 609 | Forex Factory

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

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Trade what you see NOT what you expect

  • #12,161
  • May 13, 2009 11:05am May 13, 2009 11:05am
Quoting BenScoobert
Hi everyone

taking the term "trade what you see" very literally

http://theridiculant.metro.co.uk/200...ck-market.html

EDIT: Found a homepage for it http://www.rattraders.com/Home
haha, nice find.
  • #12,162
  • May 13, 2009 11:06am May 13, 2009 11:06am
Quoting mike w
Whoa! So this is where you guys all hang out at eh?! How's it going gents?

I'll be reading through the whole thread this weekend and hopefully tagging along! I'm not updated yet, so I'm not going to throw anything out there that isn't in form. Hope everyone is having a great day!
Hey Mikey!!!

Good to see you here bro!
Patience + Discipline - Greed = Success
  • #12,163
  • May 13, 2009 11:08am May 13, 2009 11:08am
My H4 isn't closed yet. It won't be for nearly an hour. But, I see price is right on an old trend line. A retest before going lower? I don't know, just be aware of the situation.
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Hi, my name is Barry and you can keep your doctor...
  • #12,164
  • Edited 11:19am May 13, 2009 11:08am | Edited 11:19am
Quoting eohater
For others in the thread, if you don't know Mike W., then you need to take the time to go and read his posts. Mike is a highly skilled trader. He knows his shit and he has my utmost respect.
well said bro!..great guy as well

this mofo is still making higher highs..i stuck to my original plan i sold higher on the eur..will be interesting to see what happens this week regarding cable
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  • #12,165
  • May 13, 2009 11:10am May 13, 2009 11:10am
Quoting analizer
Good morning EO, Infinity, Ken .... & all Family Thread here.
Some late to start trading... family duties
Morning bro!
Patience + Discipline - Greed = Success
  • #12,166
  • May 13, 2009 11:11am May 13, 2009 11:11am
Quoting cisco
My H4 isn't closed yet. It won't be for nearly an hour. But, I see price is right on an old trend line. A retest before going lower? I don't know, just be aware of the situation.

Here is my 4 hr. It just closed nice pin above the trendline and the shelf...
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Good Trading To All ; Ken Lee
  • #12,167
  • May 13, 2009 11:13am May 13, 2009 11:13am
Quoting cisco
My H4 isn't closed yet. It won't be for nearly an hour. But, I see price is right on an old trend line. A retest before going lower? I don't know, just be aware of the situation.
Great post bro! I also see that there are a lot of things at the 5200 area, h4 5/10, h1 50/62, m15 50ema... let see .. how it goes...
Patience + Discipline - Greed = Success
  • #12,168
  • May 13, 2009 11:17am May 13, 2009 11:17am
Quoting Infinity
Great post bro! I also see that there are a lot of things at the 5200 area, h4 5/10, h1 50/62, m15 50ema... let see .. how it goes...
Thanks. I think I'll go and put the feedbag on. Catch you guys later.
Hi, my name is Barry and you can keep your doctor...
  • #12,169
  • May 13, 2009 11:18am May 13, 2009 11:18am
Longs fully out now at 5200...
Patience + Discipline - Greed = Success
  • #12,170
  • May 13, 2009 11:18am May 13, 2009 11:18am
Quoting cisco
Thanks. I think I'll go and put the feedbag on. Catch you guys later.
Have a good one bro!
Patience + Discipline - Greed = Success
  • #12,171
  • May 13, 2009 11:25am May 13, 2009 11:25am
Quoting Infinity
Longs fully out now at 5200...
Good job bro.....

Question, is 5200 because of all the heavy traffic above????

This is another aspect I want to work on......when to close my trade fully??

Thanks in advance

HOLLA
  • #12,172
  • May 13, 2009 11:35am May 13, 2009 11:35am
Quoting eohater
Exactly! Like right now, the 50sma is 26 pips higher than the 50ema and even more than the 35sma. We all know the cross and reverse trade, well, if we get a close above the 15m 35/50ema and it's right on or just below the 50sma, BINGO, short me know baby! Tight SL and covered within 2 candles after entry, usually taking 20 off within the 1st candle.
This is for Riggster! Notice how what I said would happen happened? Thus why it is better to have both ma's on your 15m. Almost 40 pips in less than 20 min and ZERO draw down. Good trade if you ask me.
Just digging in the trenches like everyone else!
  • #12,173
  • May 13, 2009 11:39am May 13, 2009 11:39am
Quoting Turtle
Good job bro.....

Question, is 5200 because of all the heavy traffic above????

This is another aspect I want to work on......when to close my trade fully??

Thanks in advance

HOLLA
Yes... We had many moving averages converging in that area.. I expected to see a bounce down there.. Got a quick 30 pip short scalp as well...
Patience + Discipline - Greed = Success
  • #12,174
  • May 13, 2009 11:40am May 13, 2009 11:40am
Quoting eohater
This is for Riggster! Notice how what I said would happen happened? Thus why it is better to have both ma's on your 15m. Almost 40 pips in less than 20 min and ZERO draw down. Good trade if you ask me.
Excellent trade if you ask me...====>
Patience + Discipline - Greed = Success
  • #12,175
  • May 13, 2009 11:41am May 13, 2009 11:41am
Quoting eohater
This is for Riggster! Notice how what I said would happen happened? Thus why it is better to have both ma's on your 15m. Almost 40 pips in less than 20 min and ZERO draw down. Good trade if you ask me.
Wow EO I took it !....but was struggling to get BE and with all the other stuff around 5200...i lost my nerve and came out at +8

No im lying...what i took was the 1hr 62! from 195 then saw the cross trade....thats why i didnt get to BE quicker... a bad entry.
  • #12,176
  • May 13, 2009 11:45am May 13, 2009 11:45am
Quoting Infinity
Yes... We had many moving averages converging in that area.. I expected to see a bounce down there.. Got a quick 30 pip short scalp as well...
Great job......

I closed out at 5170...miss that reversal. Since that was my only soldier wanted to lock in some pips, as I'm able to increase my lot size per trade, I will be able to take more lots off and leave some runnning.

It's all about learning one trade at a time. :nerd:

Good day overall, back to demo for more practice.

Lunch time....

HOLLA
  • #12,177
  • May 13, 2009 11:46am May 13, 2009 11:46am
Quoting riggster
Wow EO I took it !....but was struggling to get BE and with all the other stuff around 5200...i lost my nerve and came out at +8

No im lying...what i took was the 1hr 62! from 1952 then saw the cross trade....thats why i didnt get to BE quicker... a bad entry.
8 pips still profit..
the 4hr close will tell the story..
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  • #12,178
  • May 13, 2009 11:51am May 13, 2009 11:51am
Quoting riggster
Wow EO I took it !....but was struggling to get BE and with all the other stuff around 5200...i lost my nerve and came out at +8

No im lying...what i took was the 1hr 62! from 195 then saw the cross trade....thats why i didnt get to BE quicker... a bad entry.
You were too early! She was charging for the 15m 35/50. Upper time frames supported the long as well, so to short at the h1 62 was premature. You'll get it down, just have patience.
Just digging in the trenches like everyone else!
  • #12,179
  • May 13, 2009 11:53am May 13, 2009 11:53am
Quoting nAVIN2007
8 pips still profit..
the 4hr close will tell the story..
Exactly bro! I would rather have 8 pips profit than BE on a trade or even a loss.
Just digging in the trenches like everyone else!
  • #12,180
  • May 13, 2009 11:53am May 13, 2009 11:53am
Quoting nAVIN2007
8 pips still profit..

Yes! very pleased. My mindset is starting to shape up. Im seeing how crucial entries are and all im looking for after entry is BE.

No rush loads of time

Broker wont let me move stop any closer than 10 from current price. But i guess thats not really an issue.
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