Trade what you see NOT what you expect | Page 662 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #13,221
  • May 26, 2009 7:02am May 26, 2009 7:02am
Quoting Komissar
And I was long on EJ from flat bottom. Took profit and flat atm.
Don't you hate it when it goes your way,, But could have just as easilly went the other.. Good Choice to be flat Stress free trading...
Good Trading To All ; Ken Lee
  • #13,222
  • May 26, 2009 7:04am May 26, 2009 7:04am
Quoting KENNETH lEE
Don't you hate it when it goes your way,, But could have just as easilly went the other.. Good Choice to be flat Stress free trading...
Better of with small profit, then in with a big loss
  • #13,223
  • May 26, 2009 7:04am May 26, 2009 7:04am
i hate to see long pins
When life gives you lemons, make lemonade
  • #13,224
  • May 26, 2009 7:05am May 26, 2009 7:05am
i hope this nice up trend keeps progressing to let us in later
When life gives you lemons, make lemonade
  • #13,225
  • May 26, 2009 7:08am May 26, 2009 7:08am
Quoting micho
i hope this nice up trend keeps progressing to let us in later

Yes maybe when these news traders take there profit we will get a nice signal.. All we have to do is wait and watch,,
Good Trading To All ; Ken Lee
  • #13,226
  • May 26, 2009 7:11am May 26, 2009 7:11am
Quoting KENNETH lEE
Yes maybe when these news traders take there profit we will get a nice signal.. All we have to do is wait and watch,,
yes kenny but i hope this hourly candle stays or closes bull
When life gives you lemons, make lemonade
  • #13,227
  • May 26, 2009 7:13am May 26, 2009 7:13am
Quoting KENNETH lEE
I had been long but off the 4 hr hangman retest of the 50 ema and no new low. stop below the 4 hr hangman less than 10 pips.
I played long because of shampoo on 15M.
  • #13,228
  • May 26, 2009 7:16am May 26, 2009 7:16am
that is a cool up trend
When life gives you lemons, make lemonade
  • #13,229
  • May 26, 2009 7:20am May 26, 2009 7:20am
Quoting Komissar
I played long because of shampoo on 15M.

Good Trading To All ; Ken Lee
  • #13,230
  • May 26, 2009 7:45am May 26, 2009 7:45am
Quoting micho
i've been adjusting targets all night long
now target is 1.5934... we still can see new high and 1.5955 but for now i close in 1.5934 when we reach it
this is the 1.5955 and the new high but my trade was already closed few hours before the ride down
When life gives you lemons, make lemonade
  • #13,231
  • May 26, 2009 8:20am May 26, 2009 8:20am
might get a signal for long on the gbp here at the 38.2 fib level and the 10 ema .. Now we will see if we get a candle to go.
Good Trading To All ; Ken Lee
  • #13,232
  • May 26, 2009 8:31am May 26, 2009 8:31am
Quoting KENNETH lEE
might get a signal for long on the gbp here at the 38.2 fib level and the 10 ema .. Now we will see if we get a candle to go.
Ken, as I understood you stretched Fibs between 5820 and 5970.

May I ask why are you drawing Fibs not from today's low at 5780?
Thanks
  • #13,233
  • May 26, 2009 8:35am May 26, 2009 8:35am
Quoting KENNETH lEE
might get a signal for long on the gbp here at the 38.2 fib level and the 10 ema .. Now we will see if we get a candle to go.
still didnt retrace well i'd say...
When life gives you lemons, make lemonade
  • #13,234
  • May 26, 2009 8:37am May 26, 2009 8:37am
euro has stalled... cause rsi are a bit confusing now, a little overbought
When life gives you lemons, make lemonade
  • #13,235
  • May 26, 2009 8:42am May 26, 2009 8:42am
Quoting Komissar
Ken, as I understood you stretched Fibs between 5820 and 5970.

May I ask why are you drawing Fibs not from today's low at 5780?
Thanks

from 1.5815 to 1.5968 the last swing . Just looking for the retrace off that swing. If that fib breaks beyond 61,2% then I would take it all the way to the bottom 1.5778 Just how I do it I use the closest swing till the fib breaks then I redraw to the next swing. There is no wrong way just differnt ways for different people .

From the bottom it hit the 23.6 which is a shallow retrace but where a lot of people take profits off counter trend trades. the deeper the retrace the better. But we take what we can get.
Good Trading To All ; Ken Lee
  • #13,236
  • May 26, 2009 8:45am May 26, 2009 8:45am
Is anyone long the Mistress?
  • #13,237
  • May 26, 2009 8:47am May 26, 2009 8:47am
Quoting PippiNole
Is anyone long the Mistress?
Not I was before the news but didn't get back in off tha 5 ema touch
Good Trading To All ; Ken Lee
  • #13,238
  • May 26, 2009 8:51am May 26, 2009 8:51am
Quoting KENNETH lEE
Not I was before the news but didn't get back in off tha 5 ema touch
Ok cool. I just have one soldier from earlier.
  • #13,239
  • May 26, 2009 8:58am May 26, 2009 8:58am
I totally agree! Trade what you see! In my honest opinion, keeping a bias on bullishness or bearishness is just hurting the retail trader. Why keep a bias? After you have done your analysis, and deemed a trade fit to take, jump in with the direction of the market!
I have started a blog to track my trades and occasionally drop a few wise hints here and there. Please check it out!
http://gulzaarfx.blogspot.com
Thanks!
  • #13,240
  • May 26, 2009 9:36am May 26, 2009 9:36am
Morning guys,

I hope everyone had a great weekend.... I know I did! I only had one trade so far this week that was a long from 5785 which I closed at 5935.
I would like a retest of the m15 50s, h1 50/62 or h4 5/10 for another long entry..
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 40 KB
Patience + Discipline - Greed = Success
1 trader viewing now