Trade what you see NOT what you expect | Page 990 | 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

  • #19,781
  • Jul 23, 2009 2:13pm Jul 23, 2009 2:13pm
Congrats Eo and everyone else who took the short at the top... I was on the road but you guys could have something there.... I'm still in long and covered but this next h4 close will be crucial...
Patience + Discipline - Greed = Success
  • #19,782
  • Jul 23, 2009 2:16pm Jul 23, 2009 2:16pm
I going to have some lunch now... very late lunch... 2:15pm in Jamaica now....Talk to you guys later....
Patience + Discipline - Greed = Success
  • #19,783
  • Jul 23, 2009 2:18pm Jul 23, 2009 2:18pm
Quoting Infinity
Damn.... Still fighting...

Maybe this will pull it....
http://tbn1.google.com/images?q=tbn:...master_key.jpg

That could come in play tomorrow.....

HOLLA
  • #19,784
  • Jul 23, 2009 2:18pm Jul 23, 2009 2:18pm
Quoting Infinity
I going to have some lunch now... very late lunch... 2:15pm in Jamaica now....Talk to you guys later....
Enjoy bro
  • #19,785
  • Jul 23, 2009 2:19pm Jul 23, 2009 2:19pm
Quoting Infinity
Congrats Eo and everyone else who took the short at the top... I was on the road but you guys could have something there.... I'm still in long and covered but this next h4 close will be crucial...
I agree about the next h4 being crucial. I can also see a retest of the top and maybe more still. At the moment, the upcoming h4 closing will present us with a DBHLC, but volume is an issue being the time of day were going into at. So, a retest of the top and maybe a little more is probably in order. We're above all crucial ma's on the h4, h1, m15 and oh yeah, the daily. 6000-602x might be in our future, we break there, then we're going higher
Just digging in the trenches like everyone else!
  • #19,786
  • Jul 23, 2009 2:20pm Jul 23, 2009 2:20pm
Quoting Infinity
I going to have some lunch now... very late lunch... 2:15pm in Jamaica now....Talk to you guys later....
Enjoy your lunch! Good job with your long position bro! We'll hook up later.
Just digging in the trenches like everyone else!
  • #19,787
  • Jul 23, 2009 2:22pm Jul 23, 2009 2:22pm
Wonder if that Master Key is for the weekly also....

HOLLA
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  • #19,788
  • Jul 23, 2009 2:34pm Jul 23, 2009 2:34pm
Quoting eohater
The 6000 mark is a pshycological mark because of the round number factor alone. Your right, I cannot be pinpoint, but usually within 20 pips. When I took the short, my SL was over 6020.
Cheers. I understand it was a part of price action s/r rather than any obvious candle signal. I couldn't have taken (and didn't take) a short in that 580 area, not with the possibility of it continuing to above 600 (not a fan of even 20-30pip drawdown). A little farther up, perhaps. I had a different signal there though -- after the candle you sold on, on the 1h, there appeared negative divergence, and the following shooting star/harami candle was a good confirmation. Even the opening of the next candle, in the mid 550s, was a good sell down to the 520s and beyond
'The past will always show us the future'
  • #19,789
  • Jul 23, 2009 3:03pm Jul 23, 2009 3:03pm
Here's my 4hr........

Could be a wicked day tomorrow...

Catch ya'll at Asia.

HOLLA
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  • #19,790
  • Jul 23, 2009 3:30pm Jul 23, 2009 3:30pm
Damn, I got get a milk shake and the ass fell out of her. My shorts like this. I've booked profit at 6480, rest is moved to +25, next TP of 6440. My other targets are lower but I'll worry about those once the next TP is hit and I don't get stopped out.

I'm outta here for now.

Trade well guys, I'll be on later tonight before London open.

EO
Just digging in the trenches like everyone else!
  • #19,791
  • Jul 23, 2009 3:36pm Jul 23, 2009 3:36pm
Quoting eohater
Damn, I got get a milk shake and the ass fell out of her. My shorts like this. I've booked profit at 6480, rest is moved to +25, next TP of 6440. My other targets are lower but I'll worry about those once the next TP is hit and I don't get stopped out.

I'm outta here for now.

Trade well guys, I'll be on later tonight before London open.

EO

Cheers Mate
  • #19,792
  • Jul 23, 2009 6:33pm Jul 23, 2009 6:33pm
Fun and games, closed my long earlier for 21 pips as I did not like the way EU was behaving. Went away for a bit to find we had fallen in a big way. Took the bounce off the 62 on the 1H at 1.6471 it would be good if we can get back up to 1.6585 again and maybe even higher.

The good news I have recovered everything I lost on that impatient trade I took on GJ by my more than double so it is turning out to be a good week. I only lost 1.5% of my account but it was stupid and hopefully lesson learnt.

Need to be more patient, I think when you have multiple winners in a row the danger is you get a bit cocky.

Now if we can just get past the 35 on the 15 and close above the 10 on the 1H I will be very happy.

See you all later.
  • #19,793
  • Jul 23, 2009 6:59pm Jul 23, 2009 6:59pm
Quoting davids
Fun and games, closed my long earlier for 21 pips as I did not like the way EU was behaving. Went away for a bit to find we had fallen in a big way. Took the bounce off the 62 on the 1H at 1.6471 it would be good if we can get back up to 1.6585 again and maybe even higher.

The good news I have recovered everything I lost on that impatient trade I took on GJ by my more than double so it is turning out to be a good week. I only lost 1.5% of my account but it was stupid and hopefully lesson learnt.

Need to be more patient, I think when you have...
As long as you learn from your mistakes, then it's all good.

HOLLA
  • #19,794
  • Jul 23, 2009 8:54pm Jul 23, 2009 8:54pm
Here is something stupid i did this week. I can take a trade by clicking directly on my charts. Apparently i clicked on EJ by mistake when i thought i was clicking on GU. The mistress had just shot up and i was filled right at resistance. Of course she pulled back 35 pips and i panicked and took the loss right before price bounced back past my entry and went another 60 or so to the positive. What is even worse is that i missed the GU trade also.......for a bunch.

Worst loss all week.
  • #19,795
  • Jul 23, 2009 9:15pm Jul 23, 2009 9:15pm
Quoting Shilva
Here is something stupid i did this week. I can take a trade by clicking directly on my charts. Apparently i clicked on EJ by mistake when i thought i was clicking on GU. The mistress had just shot up and i was filled right at resistance. Of course she pulled back 35 pips and i panicked and took the loss right before price bounced back past my entry and went another 60 or so to the positive. What is even worse is that i missed the GU trade also.......for a bunch.

Worst loss all week.
Hate it when that happens......ooops wearing beer goggles were we. Picked the wrong girl still could had been a good night.
  • #19,796
  • Jul 24, 2009 6:33am Jul 24, 2009 6:33am
Quoting Shilva
Here is something stupid i did this week. I can take a trade by clicking directly on my charts. Apparently i clicked on EJ by mistake when i thought i was clicking on GU. The mistress had just shot up and i was filled right at resistance. Of course she pulled back 35 pips and i panicked and took the loss right before price bounced back past my entry and went another 60 or so to the positive. What is even worse is that i missed the GU trade also.......for a bunch.

Worst loss all week.
Don't feel bad , That happens to everyone , just don't make it a habbit.. . I see you have been doing pretty good otherwise.. A little tap behind the knees from time to time as a reminder is a good thing, keeps us on our toes. Just don't stumble..
Good Trading To All ; Ken Lee
  • #19,797
  • Jul 24, 2009 6:36am Jul 24, 2009 6:36am
Morning, fellows

Questions to "Cheaters/Swing Club".

This morning I am observing Mistress. And it looks like she found resistance on the same level she had support yesterday.
(See chart)

Does she have chances to break it?

I see ascending wedge on 15M.
Attached Image (click to enlarge)
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  • #19,798
  • Jul 24, 2009 6:48am Jul 24, 2009 6:48am
Quoting Komissar
Morning, fellows

Questions to "Cheaters/Swing Club".

This morning I am observing Mistress. And it looks like she found resistance on the same level she had support yesterday.
(See chart)

Does she have chances to break it?

I see ascending wedge on 15M.
I have taken a couple of scalps off her but don't feel great with shorts yet. Maybe when us opens it will tell might wait for a break and retest.. My 2 cents. Messing with her I missed the second trade off the 62 ema 1 hr gbp. Took the first touch on the 15 . But missed the second one. The better one.. Should have known how the PA on E/J looks she wasn't going to deliver.
Good Trading To All ; Ken Lee
  • #19,799
  • Jul 24, 2009 7:23am Jul 24, 2009 7:23am
Quoting KENNETH lEE
I have taken a couple of scalps off her but don't feel great with shorts yet. Maybe when us opens it will tell might wait for a break and retest.. My 2 cents. Messing with her I missed the second trade off the 62 ema 1 hr gbp. Took the first touch on the 15 . But missed the second one. The better one.. Should have known how the PA on E/J looks she wasn't going to deliver.
And Mistress she is!

I think she played out Double Top.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 107 KB
  • #19,800
  • Jul 24, 2009 7:31am Jul 24, 2009 7:31am
Quoting Komissar
And Mistress she is!

I think she played out Double Top.
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