Trade what you see NOT what you expect | Page 786 | Forex Factory

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Trade what you see NOT what you expect

  • #15,701
  • Jun 17, 2009 9:16am Jun 17, 2009 9:16am
Quoting eohater
----The sellers can take control here or loose it. ---
Does everyone understand what I mean by this?
Just digging in the trenches like everyone else!
  • #15,702
  • Jun 17, 2009 9:18am Jun 17, 2009 9:18am
Quoting eohater
That's right bro! Remove the emotions. A good trade doesn't make you a good person just like a bad trade doesn't make you a bad person. It's just a trade. Accept your position and your risk and let it happen.
Even better yet it is nice to be in a position whether price goes up or down you can still smile.
  • #15,703
  • Jun 17, 2009 9:20am Jun 17, 2009 9:20am
Quoting PippiNole
Even better yet it is nice to be in a position whether price goes up or down you can still smile.
Yes bro! This is true, but we don't always get the perfect entry. Drawdowns are to be expected, but expectations need to be reasonable as well.
Just digging in the trenches like everyone else!
  • #15,704
  • Jun 17, 2009 9:22am Jun 17, 2009 9:22am
Quoting eohater
Does everyone understand what I mean by this?
Damnit people! Speak up! Why do you think Cisco was original long from 6234? We were near the bottom of yesterday's daily candle. It only made freakin sense for him to buy there. Once we break the bottom wick price of yesterday's candle, we will see more sellers jump on the bus.
Just digging in the trenches like everyone else!
  • #15,705
  • Jun 17, 2009 9:29am Jun 17, 2009 9:29am
Quoting eohater
Damnit people! Speak up! Why do you think Cisco was original long from 6234? We were near the bottom of yesterday's daily candle. It only made freakin sense for him to buy there. Once we break the bottom wick price of yesterday's candle, we will see more sellers jump on the bus.
Morning, EO
Cisco's long was a good one, but I missed it
There were bunch of reasons to take it:
- Yesterdays low
- Double bottom on 15M and tweezers
- Inverted hangman on 1H
- Possible double bottom on 4H
  • #15,706
  • Jun 17, 2009 9:29am Jun 17, 2009 9:29am
Quoting eohater
Damnit people! Speak up! Why do you think Cisco was original long from 6234? We were near the bottom of yesterday's daily candle. It only made freakin sense for him to buy there. Once we break the bottom wick price of yesterday's candle, we will see more sellers jump on the bus.

I saw that also... I actually took some trades from down there. But now I am waiting for it to cross the 21 ema and re-test . Before I try another long. I spot the areas, it is the confidence to stay in the trades I am working on.

Might take some shorts off the ma's when they present themselves.
Good Trading To All ; Ken Lee
  • #15,707
  • Jun 17, 2009 9:30am Jun 17, 2009 9:30am
Quoting eohater
Damnit people! Speak up! Why do you think Cisco was original long from 6234? We were near the bottom of yesterday's daily candle. It only made freakin sense for him to buy there. Once we break the bottom wick price of yesterday's candle, we will see more sellers jump on the bus.
im with u there bro, could see gush of selers as the buyers pay up...
Trading is 80% Emotional, 20% Technical
  • #15,708
  • Jun 17, 2009 9:32am Jun 17, 2009 9:32am
Quoting fx local
im with u there bro, could see gush of selers as the buyers pay up...
stocks on there arse also along with crude coming off, always helps....
Trading is 80% Emotional, 20% Technical
  • #15,709
  • Jun 17, 2009 9:33am Jun 17, 2009 9:33am
Quoting Komissar
Morning, EO
Cisco's long was a good one, but I missed it
There were bunch of reasons to take it:
- Yesterdays low
- Double bottom on 15M and tweezers
- Inverted hangman on 1H
- Possible double bottom on 4H
Those are all more confluence to the fact that buyers are always at the bottom wicks of daily candles and sellers are always at the upper wicks of daily candles. I got my short from the top this way and I get these entries day in and day out. I'm no freakin oracle, I just trade the charts and know where price has been to determine where it's going and more buyers and sellers are sitting at.
Just digging in the trenches like everyone else!
  • #15,710
  • Jun 17, 2009 9:34am Jun 17, 2009 9:34am
Quoting eohater
Those are all more confluence to the fact that buyers are always at the bottom wicks of daily candles and sellers are always at the upper wicks of daily candles. I got my short from the top this way and I get these entries day in and day out. I'm no freakin oracle, I just trade the charts and know where price has been to determine where it's going and more buyers and sellers are sitting at.
that short up there was an amazing entry bro
Trading is 80% Emotional, 20% Technical
  • #15,711
  • Jun 17, 2009 9:35am Jun 17, 2009 9:35am
Quoting fx local
stocks on there arse also along with crude coming off, always helps....
Bro, we break 6210 area, and it's on for the next stop at 6110-6080. Buyers are not going away quietly, but in time someone will tire and another will gain control.
Just digging in the trenches like everyone else!
  • #15,712
  • Jun 17, 2009 9:37am Jun 17, 2009 9:37am
Quoting fx local
that short up there was an amazing entry bro
Thank you bro! I'm very please with the results thus far.
Just digging in the trenches like everyone else!
  • #15,713
  • Jun 17, 2009 9:40am Jun 17, 2009 9:40am
Quoting eohater
Bro, we break 6210 area, and it's on for the next stop at 6110-6080. Buyers are not going away quietly, but in time someone will tire and another will gain control.
yep see if this 1hour candle closes below the 5sma, failure to do so could see it squeeze little higher build more value then come off??
Trading is 80% Emotional, 20% Technical
  • #15,714
  • Jun 17, 2009 9:51am Jun 17, 2009 9:51am
Quoting eohater
I'm no freakin oracle, I just trade the charts and know where price has been to determine where it's going and more buyers and sellers are sitting at.
You a bit grumpy today EO?

I think we have a mix of people, ones "that get it", people that are almost there and people like me who are either not getting it or new to the thread.

I know if I discovered the thread right now, I really couldn't be bothered reading over 15k posts. Maybe an EO 101 refresh for the newbs (and me), maybe call out a few of the forest gump blindingly obvious things for us to check we are getting step 1 right.

This week my account hit an all time low, I'm 25% down from when i opened it in january. I'd like to practice on demo account, but I just can't treat it as real money, because its not.
  • #15,715
  • Jun 17, 2009 9:57am Jun 17, 2009 9:57am
I would like to see a nice 35/50 cross and reverse trade for a short entry!

May be coming up soon.
  • #15,716
  • Jun 17, 2009 10:05am Jun 17, 2009 10:05am
Quoting Shilva
I would like to see a nice 35/50 cross and reverse trade for a short entry!

May be coming up soon.
It's developing!
Just digging in the trenches like everyone else!
  • #15,717
  • Jun 17, 2009 10:05am Jun 17, 2009 10:05am
Long the Mistress 25 in the bank and covered.
  • #15,718
  • Jun 17, 2009 10:10am Jun 17, 2009 10:10am
Quoting PippiNole
Long the Mistress 25 in the bank and covered.

I just shorted her at the 10 ema... out and flat now. i longed her on the last candle also.

Also shorted the GBP on the last candle 35 sma touch
Good Trading To All ; Ken Lee
  • #15,719
  • Jun 17, 2009 10:12am Jun 17, 2009 10:12am
I know everyone knows this but just in case. When the price is heading towards the MA's it is pushing it away from the price . So a lot of time especially on the lower ma's it rarelly actually touches .. So you have to jump a tad bit early..
Good Trading To All ; Ken Lee
  • #15,720
  • Jun 17, 2009 10:12am Jun 17, 2009 10:12am
Quoting KENNETH lEE
I just shorted her at the 10 ema... out and flat now. i longed her on the last candle also.

Also shorted the GBP on the last candle 35 sma touch
Sellers may win out. I have a few shorts from above also.
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