Trade what you see NOT what you expect | Page 1001 | 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

  • #20,001
  • Jul 28, 2009 10:48am Jul 28, 2009 10:48am
Quoting Infinity
Quite possible bro! I see that area as well! Though 6200-50 should provide some support as well... I am being very cautious these last few days... some serious fireworks could be on the agenda...
I agree!
Just digging in the trenches like everyone else!
  • #20,002
  • Jul 28, 2009 10:53am Jul 28, 2009 10:53am
Nice 300 pipper on the Mistress with one add on. Funny thing, I slept through halve of it.
  • #20,003
  • Jul 28, 2009 10:53am Jul 28, 2009 10:53am
Quoting eohater
True, I would attribute this to risk aversion atm, but I am still bearish on the monthly. I would love to see 6150 before month end.
I have some fibs on my 4 hr and 1.6130 looks pretty good support if keeps heading south.
Please ask questions and share your experiences with us all!
  • #20,004
  • Jul 28, 2009 10:54am Jul 28, 2009 10:54am
Quoting bkg102665
I have some fibs on my 4 hr and 1.6130 looks pretty good support if keeps heading south.
It's not going to be an easy ride to get there by any means! But, with the position I have from the top, I'm willing to leave some soldiers on for a possiblity. Right now, I'm ass kicking myself for not taking the long at 6395 with SL below 6380.
Just digging in the trenches like everyone else!
  • #20,005
  • Jul 28, 2009 10:57am Jul 28, 2009 10:57am
Quoting PippiNole
Nice 300 pipper on the Mistress with one add on. Funny thing, I slept through halve of it.
Good job bro!
Just digging in the trenches like everyone else!
  • #20,006
  • Jul 28, 2009 10:57am Jul 28, 2009 10:57am
quick +25 pips.. nice.
  • #20,007
  • Jul 28, 2009 10:59am Jul 28, 2009 10:59am
Quoting eohater
Good job bro!
Thanks again for sharing these methods with the rest of us on here. For the new people hang in there and it will be worth it.
  • #20,008
  • Jul 28, 2009 11:03am Jul 28, 2009 11:03am
Quoting PippiNole
Nice 300 pipper on the Mistress with one add on. Funny thing, I slept through halve of it.
Pip,why your entry on this trade?

thanks
  • #20,009
  • Jul 28, 2009 11:05am Jul 28, 2009 11:05am
Quoting FOURX
Pip,why your entry on this trade?

thanks
Trend line and S/R.
  • #20,010
  • Jul 28, 2009 11:06am Jul 28, 2009 11:06am
Quoting Infinity
Thanks bro! again.... great job on those shorts! Let's see what the next 15 minutes bring....
Hey bro! I'm gonna grab some lunch! I'm not willing to buy her at this price. Missed the seat at 6390, I'll see if I can get one when I come back from lunch. Otherwise, SL on my shorts is at 6525
Just digging in the trenches like everyone else!
  • #20,011
  • Jul 28, 2009 11:23am Jul 28, 2009 11:23am
Quoting eohater
Hey bro! I'm gonna grab some lunch! I'm not willing to buy her at this price. Missed the seat at 6390, I'll see if I can get one when I come back from lunch. Otherwise, SL on my shorts is at 6525
I did not get a seat either bro... I wanted closer to 6350 really...Shorts still look good atm... Have a good lunch bro!
Patience + Discipline - Greed = Success
  • #20,012
  • Jul 28, 2009 11:27am Jul 28, 2009 11:27am
VIX gapped up yesterday, up another 5% so far today. $ strength. First signs of a market top to confirm this broadening formation in the US indices? Ridiculous over-confidence in some sectors that the worst is over. Looks like we might get the reversal as we turn into August (repeat of last year?)...
'The past will always show us the future'
  • #20,013
  • Jul 28, 2009 11:44am Jul 28, 2009 11:44am
Quoting PippiNole
Trend line and S/R.
a 308 pip move and you caught 300 of them, i would have liked a more instructive answer,maybe even a chart,

thanks
  • #20,014
  • Jul 28, 2009 11:56am Jul 28, 2009 11:56am
I jumped in another short at 1.6415 and looking for t/p at 1.6385

If I get a nice reversal candle at 1.6380 or lower I would like to go back on a long for a few
Please ask questions and share your experiences with us all!
  • #20,015
  • Jul 28, 2009 12:00pm Jul 28, 2009 12:00pm
Quoting FOURX
a 308 pip move and you caught 300 of them, i would have liked a more instructive answer,maybe even a chart,

thanks
I posted the chart on post number 19305 a week ago. Have a look.
  • #20,016
  • Jul 28, 2009 12:00pm Jul 28, 2009 12:00pm
Quoting Infinity
I did not get a seat either bro... I wanted closer to 6350 really...Shorts still look good atm... Have a good lunch bro!
Back from lunch and I see I haven't missed anything. 6350 would be tasty!
Just digging in the trenches like everyone else!
  • #20,017
  • Jul 28, 2009 12:04pm Jul 28, 2009 12:04pm
Quoting eohater
Your seeing the same possiblity as I am on the turn of the h4 then. Cool! Glad I wasn't the only one thinking of a long position down here.

Excellent job on the longs bro! She just missed my SL on my shorts last night, so I added some more shorts at 6530.
MAAAAAAANNNNN are you an oracle or something, just unbelievable. I went short yesterday at 6510 and wasnt sure where to place my stop and then i saw you mentioning 6560 level so i put my stops at 66 cause oanda sometimes spikes abit more than others added at 6535 with stop at 66 also and i now partially closed my shorts for +120 - im waiting for 1.6280 +-15 to liquidate my position fully.

But oh my god price went withing 3 pips of 6560 level and then jsut reversed. how did you choose that level? thats my biggest problem - setting stops in the right place. im right about direction more often than not but get stopped out prematurely only to see price to go my way straight after, like today on EURO/DOLLAR, got stopped out, price went 7-10 pips above my stop and collapsed almost 200 pips.
  • #20,018
  • Jul 28, 2009 12:05pm Jul 28, 2009 12:05pm
Quoting FOURX
a 308 pip move and you caught 300 of them, i would have liked a more instructive answer,maybe even a chart,

thanks

Let's be a bit nicer here I would think. You never know what other things people have going on.. Plus that isn't the way to get help..

Try this " I don't really see what your saying think you could expand your explanation and if you would be so kind and can, post a chart ?"

Just a thought we all don't mind helping but we are due some respect for doing so. take care.. if you look on your 1 hr chart you will see that the 136.00 had a couple of pins and turned there This is Resistance S?R .. area .. The price this morning did not make a new high so thos pins are still in play. So you short there with a tight stop. I don't have the trendline but sure it is there also.
Good Trading To All ; Ken Lee
  • #20,019
  • Jul 28, 2009 12:10pm Jul 28, 2009 12:10pm
Quoting lexazver
MAAAAAAANNNNN are you an oracle or something, just unbelievable. I went short yesterday at 6510 and wasnt sure where to place my stop and then i saw you mentioning 6560 level so i put my stops at 66 cause oanda sometimes spikes abit more than others added at 6535 with stop at 66 also and i now partially closed my shorts for +120 - im waiting for 1.6280 +-15 to liquidate my position fully.

But oh my god price went withing 3 pips of 6560 level and then jsut reversed. how did you choose that level? thats my biggest problem - setting stops in the...
I'm not an oracle bro! Just a trader in the trenches like everyone else. It's hard for me to verbally explain how I choose my stops. I just look at the charts and they pop out at me. I know this is not a good answer, but it's true. No crystal ball or other magic.

I'm glad you got in on the short ride. It's been fun!

BTW, I've taken a long position at 6405, SL is below 6380
Just digging in the trenches like everyone else!
  • #20,020
  • Jul 28, 2009 12:14pm Jul 28, 2009 12:14pm
Quoting eohater
....

BTW, I've taken a long position at 6405, SL is below 6380
I've booked 20 on this position, rest covered at BE.
Just digging in the trenches like everyone else!
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