Trade what you see NOT what you expect | Page 788 | 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

  • #15,741
  • Jun 17, 2009 8:50am Jun 17, 2009 8:50am
Quoting eohater
It's all good! He's apologized and I've accepted.
ive been in short camp today, mainly selling, found it tad frustrating myself, can see it bouncing to 1hr 62ema, around 1.6360 area, where i would resell,

what u guys think? the formation off the lows was the one, well done infin and cisco!

late in my trading day now....
Trading is 80% Emotional, 20% Technical
  • #15,742
  • Jun 17, 2009 8:54am Jun 17, 2009 8:54am
Quoting fx local
ive been in short camp today, mainly selling, found it tad frustrating myself, can see it bouncing to 1hr 62ema, around 1.6360 area, where i would resell,

what u guys think? the formation off the lows was the one, well done infin and cisco!

late in my trading day now....
Thanks bro!.. It looks like my last trade will be stopped out .. but it's all good... I'll look for a new seat later on... it's been a good day!

It's always great when we can make pips long or short in the same session...
Patience + Discipline - Greed = Success
  • #15,743
  • Jun 17, 2009 8:54am Jun 17, 2009 8:54am
Quoting BenScoobert
I did read it, I'm gonna go read it again now for a midweek comparison.

Page 1028-1029 for anyone who missed it
imissed them, just checked them, good stuff EO thanks for sharing ur charts bro, ur efforts do not go unappreciated rest assured. the dow call was very timely also
Trading is 80% Emotional, 20% Technical
  • #15,744
  • Jun 17, 2009 8:56am Jun 17, 2009 8:56am
Hi EO and the rest of the gang

Really snowed under at my office this week I have tried to keep one eye on the thread without to much success I am short from 1.6452 and also long from 1.6236 not sure which side is going to win the war here.

Any thoughts EO
  • #15,745
  • Jun 17, 2009 8:56am Jun 17, 2009 8:56am
Quoting Infinity
Thanks bro!.. It looks like my last trade will be stopped out .. but it's all good... I'll look for a new seat later on... it's been a good day!

It's always great when we can make pips long or short in the same session...
always great bro!

been a very rangy session, selling bounces, buying back the dips, a more clearer push in either direction would be nice, of course can never expect it to always go in straight line.....

been slowly increasing my size, trying to re-adapt to the pain/pleasures of losing/winning!!

EO/infin, how do u cope with dealing with more size as the account grows? Is it something you take in ur natural stride or do u adjust ur strategy? guess what im asking is that does trading more lots change the way u trade?
Trading is 80% Emotional, 20% Technical
  • #15,746
  • Jun 17, 2009 8:58am Jun 17, 2009 8:58am
Quoting davids
Hi EO and the rest of the gang

Really snowed under at my office this week I have tried to keep one eye on the thread without to much success I am short from 1.6452 and also long from 1.6236 not sure which side is going to win the war here.

Any thoughts EO
I'd say let the two positions battle it out. We have TIW today and we're at the bottom of a key area. Shorts need to either take out 6210 to head for 6110-6080 or they will lose and will go back up. I love it when I'm on both sides covered green. Just keep your soldiers in check and don't be afraid to book partial profit on either position.
Just digging in the trenches like everyone else!
  • #15,747
  • Jun 17, 2009 9:00am Jun 17, 2009 9:00am
Quoting BenScoobert
agreed, i think it was Monday I learnt this lesson, cost me about 100 pips as i didnt enter due to it being 2 or 3 pips short of an MA that had moved
Hey Ben,

I just saw your post about being down 1/4 of your account recently... I'm sorry to see this but losses are part of the game as you know.. the key is learning from those mistakes. Check your money management and make sure you are not overleveraging. Take a break from trading if you find yourself making unusual decisions or chasing the market... maybe a day or two, even a week... You will come back refreshed and with an open mind when approaching the market..

Good luck and I know you will turn it around!
Patience + Discipline - Greed = Success
  • #15,748
  • Jun 17, 2009 9:01am Jun 17, 2009 9:01am
Quoting eohater
I'd say let the two positions battle it out. We have TIW today and we're at the bottom of a key area. Shorts need to either take out 6210 to head for 6110-6080 or they will lose and will go back up. I love it when I'm on both sides covered green. Just keep your soldiers in check and don't be afraid to book partial profit on either position.
Thanks Bro makes sense
  • #15,749
  • Jun 17, 2009 9:01am Jun 17, 2009 9:01am
Quoting fx local
imissed them, just checked them, good stuff EO thanks for sharing ur charts bro, ur efforts do not go unappreciated rest assured. the dow call was very timely also
Thanks bro!
Just digging in the trenches like everyone else!
  • #15,750
  • Jun 17, 2009 9:01am Jun 17, 2009 9:01am
Quoting Infinity
Hey Ben,

I just saw your post about being down 1/4 of your account recently... I'm sorry to see this but losses are part of the game as you know.. the key is learning from those mistakes. Check your money management and make sure you are not overleveraging. Take a break from trading if you find yourself making unusual decisions or chasing the market... maybe a day or two, even a week... You will come back refreshed and with an open mind when approaching the market..

Good luck and I know you will turn it around!

great advise bro
Trading is 80% Emotional, 20% Technical
  • #15,751
  • Jun 17, 2009 9:08am Jun 17, 2009 9:08am
I would like to see us get past the 200EMA on the 1H
  • #15,752
  • Jun 17, 2009 9:11am Jun 17, 2009 9:11am
Quoting fx local
always great bro!

been a very rangy session, selling bounces, buying back the dips, a more clearer push in either direction would be nice, of course can never expect it to always go in straight line.....

been slowly increasing my size, trying to re-adapt to the pain/pleasures of losing/winning!!

EO/infin, how do u cope with dealing with more size as the account grows? Is it something you take in ur natural stride or do u adjust ur strategy? guess what im asking is that does trading more lots change the way u trade?
It depends on the individual.... you should increase lot sizes as your account grows but incrementally and also according to your emotions....general rule for me is 2% sometimes just a bit more... but as I said it depends on the individual...... if you are comfortable with only 1% which equates to for example 5 lots... then stick to the five lots until you feel comfortable, then add another lot (while keeping your risk at 1%).... when your are comfortable and your account keeps growing, add another.. and so on
Patience + Discipline - Greed = Success
  • #15,753
  • Jun 17, 2009 9:13am Jun 17, 2009 9:13am
Quoting fx local
great advise bro
Thanks...
Patience + Discipline - Greed = Success
  • #15,754
  • Jun 17, 2009 9:14am Jun 17, 2009 9:14am
Quoting eohater
Here's my monthly view....
Very useful EO Thanks Mate
  • #15,755
  • Jun 17, 2009 9:17am Jun 17, 2009 9:17am
They keep knocking on the door at 6300 and getting it slammed in their face. Sooner or later that door's going to open... or it's scuba gear time!
Hi, my name is Barry and you can keep your doctor...
  • #15,756
  • Jun 17, 2009 9:18am Jun 17, 2009 9:18am
Quoting fx local
....
EO/infin, how do u cope with dealing with more size as the account grows? Is it something you take in ur natural stride or do u adjust ur strategy? guess what im asking is that does trading more lots change the way u trade?
I agree with Infinity's answer. I have a set amount that I'm comfortable with risking and it's not directly tied to my account balance, but more of an emotional feeling and a percentage of my base balance. I keep a base balance in my account at all times. This base balance is what I base my % gains on as well. For example, let me use some easy numbers, if my base is $100K but my balance is $250K. I want a 20% gain on my base weekly. I'll risk upto 5% of my base, but usually cut it around 3% and take the hit on the chin. I'm kinda at a threshold of lots. Everytime I use 10 I get edgy, so I'm wondering if it's the round number issue and thinking about trying 12 instead. It's all in my head I know.
Just digging in the trenches like everyone else!
  • #15,757
  • Jun 17, 2009 9:20am Jun 17, 2009 9:20am
Quoting eohater
I agree with Infinity's answer....

You never know 13 could be your lucky number
  • #15,758
  • Jun 17, 2009 9:21am Jun 17, 2009 9:21am
Quoting davids
You never know 13 could be your lucky number
It might be! I'll find out which one is. I had a hard time adjusting to 8 but now it's nothing to me. Just a matter of course for me at this point.
Just digging in the trenches like everyone else!
  • #15,759
  • Jun 17, 2009 9:24am Jun 17, 2009 9:24am
Quoting Infinity
Hey Ben,

I just saw your post about being down 1/4 of your account recently... I'm sorry to see this but losses are part of the game as you know.. the key is learning from those mistakes. Check your money management and make sure you are not overleveraging. Take a break from trading if you find yourself making unusual decisions or chasing the market... maybe a day or two, even a week... You will come back refreshed and with an open mind when approaching the market..

Good luck and I know you will turn it around!
Thanks Infi
I'm not over leveraged, at one point I decided to practice this method and dropped to 0.01 lot size just for the sake of not trading demo and keeping the emotions and interest intact with live account.

I just need to keep at it, some days the thread takes some keeping up with, others days I plod along learning from my own mistakes.
  • #15,760
  • Jun 17, 2009 9:24am Jun 17, 2009 9:24am
Quoting eohater
Guys keep your eye on the h4. If the h4 gives us a dbllhc, we will continue northbound.
this is playing out, now, the question is how long will it play out for. Sellers around 635x-6365.
Just digging in the trenches like everyone else!
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