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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

  • #17,261
  • Jul 3, 2009 8:37am Jul 3, 2009 8:37am
Quoting davids
In other words he could be an alien
That may explain his superior trading skills.
Hi, my name is Barry and you can keep your doctor...
  • #17,262
  • Jul 3, 2009 8:38am Jul 3, 2009 8:38am
Quoting Infinity
Welcome Godfrey! Looking forward to your posts..
Thanks
  • #17,263
  • Jul 3, 2009 8:45am Jul 3, 2009 8:45am
Here's what I'm looking at on the daily. The top red X to the lower red X is 750 pips. If we close today below the tl, then theoretically we could fall to 1.5650.
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #17,264
  • Jul 3, 2009 10:20am Jul 3, 2009 10:20am
Quoting KENNETH lEE
I think it was one of those richer better looking guys. Like Pippin and his Crown Royal and BBQ...

Took another little trade here at the 340 area and ma area if it holds here maybe back up. But it is below all ma's on the 1 and 4 hr. Might get like the E/J and range less than 10 Yuk
I don't know about richer but I'm damn sure better looking.
  • #17,265
  • Jul 3, 2009 10:26am Jul 3, 2009 10:26am
Quoting PippiNole
I don't know about richer but I'm damn sure better looking.

Have a great 4th ,,,, see you next week.
Good Trading To All ; Ken Lee
  • #17,266
  • Jul 3, 2009 10:28am Jul 3, 2009 10:28am
Quoting KENNETH lEE
Have a great 4th ,,,, see you next week.
You too and be safe.
  • #17,267
  • Jul 3, 2009 10:32am Jul 3, 2009 10:32am
Quoting cisco

Long @6330.
Took profit at 6340 and 6350. The rest got taken out @ +3.

It doesn't look like there'll be much action the rest of the day.

Have a great weekend everyone! Adios!
Hi, my name is Barry and you can keep your doctor...
  • #17,268
  • Jul 3, 2009 10:34am Jul 3, 2009 10:34am
Quoting cisco
Took profit at 6340 and 6350. The rest got taken out @ +3.

It doesn't look like there'll be much action the rest of the day.

Have a great weekend everyone! Adios!
Take care Cisco and have a good holiday weekend.
  • #17,269
  • Jul 3, 2009 11:29am Jul 3, 2009 11:29am
Quoting cisco
I've been meaning to ask you, are you Jamaican by birth, or are you a transplant?
100% Jamaican born and raised...
http://upload.wikimedia.org/wikipedi...ag-Jamaica.gif
Quoting davids
In other words he could be an alien
http://www.rcufo.com/img/alien-animated.gifpossible....


Happy 4th...
http://www.parishofaberavon.org/phot...g_Animated.gif
Patience + Discipline - Greed = Success
  • #17,270
  • Jul 3, 2009 1:19pm Jul 3, 2009 1:19pm
Quoting Infinity
100% Jamaican born and raised...
http://upload.wikimedia.org/wikipedi...ag-Jamaica.gif

http://www.rcufo.com/img/alien-animated.gifpossible....


Happy 4th...
http://www.parishofaberavon.org/phot...g_Animated.gif
  • #17,271
  • Jul 3, 2009 11:41pm Jul 3, 2009 11:41pm
Quoting GodfreyH
I've just recently, like a few days ago, looked on this thread.

There are great threads for gbp/jpy at ForexFactory, but I have been hard pressed to find a thread dedicated to Cable, that has professional traders posting consistently. I like what I see here. Iron sharpens iron they say, so I look forward to learning here as much as I look forward to sharing my thoughts on the market.

Now, when I'm looking at a new strategy, I tend to use my chart as a, sort of sticky pad, hence the notations on the 1st chart. Set the price alert at 1.6430,...
Welcome to the thread Godfrey! I'm sure you'll enjoy your time here. We have a great group of traders and contributors in this thread. I'm sure you contributions will be valuable as well and I'm looking forward to them. Your sticky pad is welcome to be placed here.

Trade well!
Just digging in the trenches like everyone else!
  • #17,272
  • Jul 3, 2009 11:43pm Jul 3, 2009 11:43pm
Quoting Infinity
100% Jamaican born and raised...
http://upload.wikimedia.org/wikipedi...ag-Jamaica.gif

http://www.rcufo.com/img/alien-animated.gifpossible....


Happy 4th...
http://www.parishofaberavon.org/phot...g_Animated.gif

You guys have way too much fun in here.

Happy 4th of July my fellow Americans!
Just digging in the trenches like everyone else!
  • #17,273
  • Jul 4, 2009 12:00am Jul 4, 2009 12:00am
Welcome GodfreyH......

Always enjoy new contributors to thread.....again welcome.

HOLLA

Quoting GodfreyH
I've just recently, like a few days ago, looked on this thread.

There are great threads for gbp/jpy at ForexFactory, but I have been hard pressed to find a thread dedicated to Cable, that has professional traders posting consistently. I like what I see here. Iron sharpens iron they say, so I look forward to learning here as much as I look forward to sharing my thoughts on the market.

Now, when I'm looking at a new strategy, I tend to use my chart as a, sort of sticky pad, hence the notations on the 1st chart. Set the price alert at 1.6430,...
  • #17,274
  • Jul 4, 2009 5:55am Jul 4, 2009 5:55am
does anyone know of a broker who trades at the weekend?
  • #17,275
  • Jul 4, 2009 11:55pm Jul 4, 2009 11:55pm
Here's my monthly view on cable. The prior month's candle close was an indecisive candle. Neither side wanted to take control of the market. We can see this in the long upper and lower wicks of the June candle. July has started off with dollar strength and appears to be ready for a test of 624x area which could even take us to the price of 617x (This is pulled from the open price of the June candle) Buyers will be here, as to their strength we will see, let pa on our lower TF show us. Buyers might push price to this months opening price of 6475 and then we continue on a bearish path. Again, we will look at lower TF to show us.
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.PNG Size: 24 KB
Just digging in the trenches like everyone else!
  • #17,276
  • Jul 5, 2009 3:41am Jul 5, 2009 3:41am
Quoting eohater
Here's my monthly view on cable. The prior month's candle close was an indecisive candle. Neither side wanted to take control of the market. We can see this in the long upper and lower wicks of the June candle. July has started off with dollar strength and appears to be ready for a test of 624x area which could even take us to the price of 617x (This is pulled from the open price of the June candle) Buyers will be here, as to their strength we will see, let pa on our lower TF show us. Buyers might push price to this months opening price of 6475...
Cheers for the analysis EO
  • #17,277
  • Jul 5, 2009 3:47am Jul 5, 2009 3:47am
Quoting BenScoobert
does anyone know of a broker who trades at the weekend?
Not sure there is one, at least not for retail customers. I've seen platforms that at least connect to the datafeed over the weekend, but then they have different prices available compared to what you see on xe.com, so you're always weary of entering a trade, even if you could.
  • #17,278
  • Jul 5, 2009 3:50am Jul 5, 2009 3:50am
Quoting eohater
Here's my monthly view on cable. The prior month's candle close was an indecisive candle. Neither side wanted to take control of the market. We can see this in the long upper and lower wicks of the June candle. July has started off with dollar strength and appears to be ready for a test of 624x area which could even take us to the price of 617x (This is pulled from the open price of the June candle) Buyers will be here, as to their strength we will see, let pa on our lower TF show us. Buyers might push price to this months opening price of 6475...
And here's some stuff in a similar vein from jack.canadia

http://www.forexfactory.com/showpost...85&postcount=2

I've not been as active of late as I've been learning about volume, to help better time entries and for an added layer of confluence. Unfortunately, my preferred platform for volume doesn't give weekend data, so I can't look at the monthly/weekly/daily to give an opinion on what I think will happen based on volume.

Anyway, keep up the good work!
  • #17,279
  • Jul 5, 2009 9:59am Jul 5, 2009 9:59am
Quoting daffy
And here's some stuff in a similar vein from jack.canadia

http://www.forexfactory.com/showpost...85&postcount=2

I've not been as active of late as I've been learning about volume, to help better time entries and for an added layer of confluence. Unfortunately, my preferred platform for volume doesn't give weekend data, so I can't look at the monthly/weekly/daily to give an opinion on what I think will happen based on volume.

Anyway, keep up the good work!
I read somewhere, that with Forex, volume is mostly irrelevant. I guess you disagree with that?
  • #17,280
  • Jul 5, 2009 10:13am Jul 5, 2009 10:13am
Quoting BenScoobert
I read somewhere, that with Forex, volume is mostly irrelevant. I guess you disagree with that?
Sort of. Volume is only useful if your source is reliable, and with forex not being centralized, a useful source must be one that aggregates from a number of sources.

But even then, I'm not just looking at volume on its own, I'm utilizing it in a technique called volume spread analysis. I've been getting most of my info from this thread http://www.forexfactory.com/showthread.php?t=157629 and from the irc chat (linked to from the first post in the vsa thread).

So far so good, and with it being analysis of price spread in relation to volume, it's something you can use for an extra level of confluence with the style of trading in this thread.
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