Trade what you see NOT what you expect | Page 840 | 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 And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #16,781
  • Jun 30, 2009 3:16pm Jun 30, 2009 3:16pm
Quoting PippiNole
Hey EO and Infinity how are you guys? I had to run out late morning but I see I didn't miss much this afternoon. I did have a great ride last night from early Asian until mid morning US.
Hey bro! Doing good! You didn't miss a damn thing this afternoon session. Glad you got in on the short ride last night.
Just digging in the trenches like everyone else!
  • #16,782
  • Jun 30, 2009 3:21pm Jun 30, 2009 3:21pm
Quoting eohater
Here it is!
seems a 2nd test of botton zoom of 7k-8k is not impossible?
I doubt if it'll happen easily though
  • #16,783
  • Jun 30, 2009 3:24pm Jun 30, 2009 3:24pm
Quoting eohater
Hey bro! Doing good! You didn't miss a damn thing this afternoon session. Glad you got in on the short ride last night.
Glad you're doing good.

I actually got on the north bound yesterday evening and during Europe and reversed after the run up pre London. Made for a great day. Looks like someone turned off the market after I left this morning. EJ finally broke through 135.00 but has come back to sit just above it.
  • #16,784
  • Jun 30, 2009 3:34pm Jun 30, 2009 3:34pm
Quoting BenScoobert
10 pips up!!!! fook me, you are good


There's no doubt about it, I'm absolutely the best trader in my house! Of course, I'm the only trader in my house.

I hope you enjoyed your meal.
Hi, my name is Barry and you can keep your doctor...
  • #16,785
  • Jun 30, 2009 4:11pm Jun 30, 2009 4:11pm
Quoting billye
seems a 2nd test of botton zoom of 7k-8k is not impossible?
I doubt if it'll happen easily though
I might be crazy, but I can see 6700 by October if not even lower. Again, I do hope I'm wrong.
Just digging in the trenches like everyone else!
  • #16,786
  • Jun 30, 2009 4:20pm Jun 30, 2009 4:20pm
Looking at the monthly Dow chart one would certainly think some kind of retest of the low would be in order.......at least down to 7500 or so by the end of summer.

When reality sets in Friday with Non-farm unemployment posting up over 10% it may start the ball rolling!
  • #16,787
  • Jun 30, 2009 4:32pm Jun 30, 2009 4:32pm
Quoting eohater
I might be crazy, but I can see 6700 by October if not even lower. Again, I do hope I'm wrong.
LMAO, i read this, looked at the GU chart and wondered to myself, has EO lost the friggin plot?

But its all ok dow :-)
  • #16,788
  • Jun 30, 2009 4:35pm Jun 30, 2009 4:35pm
Quoting BenScoobert
LMAO, i read this, looked at the GU chart and wondered to myself, has EO lost the friggin plot?

But its all ok dow :-)
I'm freakin nuts bro, but still sane.
Just digging in the trenches like everyone else!
  • #16,789
  • Jun 30, 2009 4:41pm Jun 30, 2009 4:41pm
Quoting eohater
I'm freakin nuts bro, but still sane.
While you are online MR. O, what is your opinion of automated trading?
  • #16,790
  • Jun 30, 2009 4:46pm Jun 30, 2009 4:46pm
Quoting BenScoobert
While you are online MR. O, what is your opinion of automated trading?
That's what I do already bro! I'm my own machine

I've never had the experience of automated trading. You see advertisements all the time for EA's that will make you millions, but one has to wonder if it's all just smoke and mirrors and the only one making millions are the ones selling the EA's. I would recommend you hunt down Ronald Raygun on the forum and ask him for his opinion. I know that he has some EA's that he runs some profitable and some not profitable. He might be able to provide a better answer.
Just digging in the trenches like everyone else!
  • #16,791
  • Jun 30, 2009 4:50pm Jun 30, 2009 4:50pm
Quoting eohater
That's what I do already bro! I'm my own machine

I've never had the experience of automated trading. You see advertisements all the time for EA's that will make you millions, but one has to wonder if it's all just smoke and mirrors and the only one making millions are the ones selling the EA's. I would recommend you hunt down Ronald Raygun on the forum and ask him for his opinion. I know that he has some EA's that he runs some profitable and some not profitable. He might be able to provide a better answer.
I have one running, 1 month down the line its doing well. I posted before but I dont think anyone noticed as they were all busy making pips. But as that is impossible until the market moves ill post it again.
http://benscoobertgrail.mt4stats.com/
Set it running 1st June. Very happy with it. I know what you mean about ronald, amazing how fast he throws an ea together.
  • #16,792
  • Jun 30, 2009 4:51pm Jun 30, 2009 4:51pm
Quoting eohater
That's what I do already bro! I'm my own machine
sadly my machine is outperforming me
  • #16,793
  • Jun 30, 2009 4:53pm Jun 30, 2009 4:53pm
Quoting BenScoobert
I have one running, 1 month down the line its doing well. I posted before but I dont think anyone noticed as they were all busy making pips. But as that is impossible until the market moves ill post it again.
http://benscoobertgrail.mt4stats.com/
Set it running 1st June. Very happy with it. I know what you mean about ronald, amazing how fast he throws an ea together.
Is this running on a live account or demo? I didn't see any commission or swap charges.
Just digging in the trenches like everyone else!
  • #16,794
  • Jun 30, 2009 4:54pm Jun 30, 2009 4:54pm
Quoting BenScoobert
sadly my machine is outperforming me
Don't feel that way bro! You can do this better than any machine could ever do it.
Just digging in the trenches like everyone else!
  • #16,795
  • Jun 30, 2009 4:58pm Jun 30, 2009 4:58pm
Quoting eohater
Is this running on a live account or demo? I didn't see any commission or swap charges.
That is Demo, ive recently put it on live since it proved itself on these settings.

no commision on alpari, just the spread, there are some swap p/l if you look but not many are long trades
  • #16,796
  • Jun 30, 2009 4:59pm Jun 30, 2009 4:59pm
Quoting eohater
Don't feel that way bro! You can do this better than any machine could ever do it.
right now it is the truth, at best i can say im losing less on my manual trades than i used to
gotta be realistic
  • #16,797
  • Jun 30, 2009 5:00pm Jun 30, 2009 5:00pm
Quoting BenScoobert
That is Demo, ive recently put it on live since it proved itself on these settings.

no commision on alpari, just the spread, there are some swap p/l if you look but not many are long trades
It doubled your money in a month. Can't beat that. I understand that EA's lose their strength over time.
Just digging in the trenches like everyone else!
  • #16,798
  • Jun 30, 2009 5:04pm Jun 30, 2009 5:04pm
Quoting eohater
It doubled your money in a month. Can't beat that. I understand that EA's lose their strength over time.
im very happy with it as you can see, it makes me wonder is my time better spent refining the EA and testing more, or trading your preachings

i dunno, i like what you do and wish i was at your level, i also like the idea of the grail EA people talk about
  • #16,799
  • Jun 30, 2009 5:12pm Jun 30, 2009 5:12pm
Quoting BenScoobert
im very happy with it as you can see, it makes me wonder is my time better spent refining the EA and testing more, or trading your preachings

i dunno, i like what you do and wish i was at your level, i also like the idea of the grail EA people talk about
Every trader needs to find their style. If the EA is better for you to remove the emotions, then keep it up. My way of trading is not the only way, so many traders are above me it's ridiculous. I have losses like anyone else, I just keep my losses in check. Don't ever enter a trade if you don't know where to put your SL. Otherwise, your pissing in the wind and we all know how that works out. Define your levels starting with your higher time frames then work down. Once you have your levels and what she's doing on each time frame, you can see the picture a little bit better.
Just digging in the trenches like everyone else!
  • #16,800
  • Jun 30, 2009 5:18pm Jun 30, 2009 5:18pm
Quoting BenScoobert
That is Demo, ive recently put it on live since it proved itself on these settings.

no commision on alpari, just the spread, there are some swap p/l if you look but not many are long trades
Those results are actually quite good. I notice that you have a defined stop loss , but no fixed take profit.

That is good, where we are automatically at a disadvantage from the inception of a trade, (due to spread, market maniplation etc), the trading strategies that statistically will do better, long term, are those that have a limit on potential losses, but have unlimited profit potential.
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