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Trade what you see NOT what you expect

  • #12,261
  • May 14, 2009 8:56am May 14, 2009 8:56am
Quoting puffy7
nice trade!

but may i know why u choose to in at 1.5068? i see it just break over 200sma in 1h. Dont you think it will still go down?
5068 is a good area of s/r.

Sure, it can still go down. This is forex, anything can happen. I'm just trying to put the probabilities on my side using candles tl's and s/r.

I'm flat now, maybe for the rest of the day. I don't know yet.
Hi, my name is Barry and you can keep your doctor...
  • #12,262
  • May 14, 2009 8:57am May 14, 2009 8:57am
Quoting riggster
Amazes me that people can trade without emotion...V difficult
Something that I'm always working on.

Figure if the setup is there, my MM is in-line and I'm already willing to accept the loss, then no emtion is invloved.

It's still a work in progress......one trade at a time. :nerd:

HOLLA
  • #12,263
  • May 14, 2009 9:00am May 14, 2009 9:00am
Quoting Turtle
Something that I'm always working on.

Figure if the setup is there, my MM is in-line and I'm already willing to accept the loss, then no emtion is invloved.

It's still a work in progress......one trade at a time. :nerd:

HOLLA
True... before entry the risk taken should already be accepted.

But even when im BE i feel it
  • #12,264
  • May 14, 2009 9:00am May 14, 2009 9:00am
Quoting Turtle
Caught that bottom.....nice job bro.

HOLLA
Thanks bro.

I was having a sleepless night and decided to check the charts. Just got lucky with my find.
Hi, my name is Barry and you can keep your doctor...
  • #12,265
  • May 14, 2009 9:02am May 14, 2009 9:02am
Quoting cisco
Thanks bro.

I was having a sleepless night and decided to check the charts. Just got lucky with my find.
A good find it was.......

HOLLA
  • #12,266
  • May 14, 2009 9:15am May 14, 2009 9:15am
Anyone take the 62 ema 1 hr trade ????
Good Trading To All ; Ken Lee
  • #12,267
  • May 14, 2009 9:18am May 14, 2009 9:18am
Quoting KENNETH lEE
Anyone take the 62 ema 1 hr trade ????
I did. Shorted from 5156, grabbed 20, locked BE, and was stopped then.
Next setup
  • #12,268
  • May 14, 2009 9:18am May 14, 2009 9:18am
Quoting KENNETH lEE
Anyone take the 62 ema 1 hr trade ????
I haven't taken it either time it's touch.

Flat atm...

HOLLA
  • #12,269
  • May 14, 2009 9:19am May 14, 2009 9:19am
Quoting Komissar
I did. Shorted from 5156, grabbed 20, locked BE, and was stopped then.
Next setup
Good job.....

HOLLA
  • #12,270
  • May 14, 2009 9:20am May 14, 2009 9:20am
Quoting KENNETH lEE
Anyone take the 62 ema 1 hr trade ????
Was looking to, it got within 4 pips.....didnt take it.

I see alot of the time it doesnt need to quite touch!
  • #12,271
  • May 14, 2009 9:24am May 14, 2009 9:24am
Quote:
Originally Posted by Komissar http://www.forexfactory.com/images/buttons/viewpost.gif
I did. Shorted from 5156, grabbed 20, locked BE, and was stopped then.
Next setup

Way to go .... Great trade , Trading like the machine ...
Attached Image
Good Trading To All ; Ken Lee
  • #12,272
  • May 14, 2009 9:27am May 14, 2009 9:27am
Quoting riggster
Was looking to, it got within 4 pips.....didnt take it.

I see alot of the time it doesnt need to quite touch!
Within 4 PIPS ???? it went through it by 10 pips ??? The second time it didn't make it but the first touch is in play until price breaks the high of the first touch... I took a little of it.. first touch good for 40 pips... I didn't get near that much .. Not my style ...
Good Trading To All ; Ken Lee
  • #12,273
  • May 14, 2009 9:28am May 14, 2009 9:28am
Quoting KENNETH lEE
Quote:
Originally Posted by Komissar http://www.forexfactory.com/images/buttons/viewpost.gif
I did. Shorted from 5156, grabbed 20, locked BE, and was stopped then.
Next setup

Way to go .... Great trade , Trading like the machine ...
Not every time.
I can lose money as machine.
To win money I need some luck.
  • #12,274
  • May 14, 2009 9:34am May 14, 2009 9:34am
Quoting KENNETH lEE
Within 4 PIPS ???? it went through it by 10 pips ??? The second time it didn't make it but the first touch is in play until price breaks the high of the first touch... I took a little of it.. first touch good for 40 pips... I didn't get near that much .. Not my style ...
I thought you were refering to the second time

Least you took profit
  • #12,275
  • May 14, 2009 9:34am May 14, 2009 9:34am
watch the M15 approache the 248ema
  • #12,276
  • May 14, 2009 9:36am May 14, 2009 9:36am
Quoting koorb
watch the M15 approache the 248ema
and the H1 62ma
  • #12,277
  • May 14, 2009 9:36am May 14, 2009 9:36am
Are we starting a right shoulder on the H1?
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #12,278
  • May 14, 2009 9:40am May 14, 2009 9:40am
Quoting cisco
Are we starting a right shoulder on the H1?

Look possible if it hits that 61.8 fib level be perfect... then a big fall .
Good Trading To All ; Ken Lee
  • #12,279
  • May 14, 2009 9:40am May 14, 2009 9:40am
Quoting cisco
Are we starting a right shoulder on the H1?
Sure looks like it...that would mean a drop back to 1.5000, I need to see a 4HR close under that 50SMA.

HOLLA
  • #12,280
  • May 14, 2009 9:42am May 14, 2009 9:42am
Quoting KENNETH lEE
Look possible if it hits that 61.8 fib level be perfect... then a big fall .

Where do you have that price at??

HOLLA
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