Trade what you see NOT what you expect | Page 1026 | Forex Factory

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Trade what you see NOT what you expect

  • #20,501
  • Jul 30, 2009 8:53pm Jul 30, 2009 8:53pm
Quoting eohater
We keep breaking the 10 pip rule bro!

I've been out with the family, got the kids to bed and just got the charts up when I started posting.

Good job with the gump on EJ. I think Ken might be onto something with his shampoo presentation possibility on the mistress. I need to review myself for an opportunity. You know I don't really intraday trade her.
I even broke the 10 pip rule on the Gump trades.

I hope you had some good quality family time.

I'm not sure if it could be called a potential shampoo anymore. Maybe a perm would be more like it.
  • #20,502
  • Jul 30, 2009 8:55pm Jul 30, 2009 8:55pm
Quoting PippiNole
I even broke the 10 pip rule on the Gump trades.

I hope you had some good quality family time.

I'm not sure if it could be called a potential shampoo anymore. Maybe a perm would be more like it.
That's a perfect way to describe it!

Had excellent family time, and HS soon to follow! YEAH!!
Just digging in the trenches like everyone else!
  • #20,503
  • Jul 30, 2009 8:56pm Jul 30, 2009 8:56pm
Quoting eohater
That's a perfect way to describe it!

Had excellent family time, and HS soon to follow! YEAH!!
  • #20,504
  • Jul 30, 2009 8:57pm Jul 30, 2009 8:57pm
Quoting eohater
BE is better than a loss! Good job!

I have come to realization that if I add to a trade that isn't just right I get one chance to exit with a min. loss or BE. If I hold for profit , I normally have to sit through a long agonizing trade.. That takes my focus from trading .

Then when it does turn I jump out asap. because I am just drained.. So if it is bad get the hell out and find a better seat..

Like now I would be back at -20 or worse. with to much $$ on it..

So like the old adage says "Cut your loses and let your profits run"
Good Trading To All ; Ken Lee
  • #20,505
  • Jul 30, 2009 8:58pm Jul 30, 2009 8:58pm
4m to close of the h1. We could still close above the 6529 level, I will let it run for 15m if so and try and get out a BE or my stop. Otherwise, I'll manually close the trade should we get the close over 6529 and look for another opportunity. It's following the trendline I posted earlier today, no strong PA showing a reason to break it yet in my eyes.
Just digging in the trenches like everyone else!
  • #20,506
  • Jul 30, 2009 9:00pm Jul 30, 2009 9:00pm
Quoting eohater
4m to close of the h1. We could still close above the 6529 level, I will let it run for 15m if so and try and get out a BE or my stop. Otherwise, I'll manually close the trade should we get the close over 6529 and look for another opportunity. It's following the trendline I posted earlier today, no strong PA showing a reason to break it yet in my eyes.

Maybe sideways till london..
Good Trading To All ; Ken Lee
  • #20,507
  • Jul 30, 2009 9:01pm Jul 30, 2009 9:01pm
Quoting KENNETH lEE
I have come to realization that if I add to a trade that isn't just right I get one chance to exit with a min. loss or BE. If I hold for profit , I normally have to sit through a long agonizing trade.. That takes my focus from trading .

Then when it does turn I jump out asap. because I am just drained.. So if it is bad get the hell out and find a better seat..

Like now I would be back at -20 or worse. with to much $$ on it..

So like the old adage says "Cut your loses and let your profits run"
You've brought up a very valuable point! If you add to the position because the setup went against you or early on the entry, get out at BE or min loss asap to focus on a new setup. Sometimes an opposing position is what you want. I personally have a hard time do this as well. I get my risk amount in my head that I'm willing to risk and should it go against me, I take the loss for full risk instead of getting the hell outta dodge and finding a different position.
Just digging in the trenches like everyone else!
  • #20,508
  • Jul 30, 2009 9:07pm Jul 30, 2009 9:07pm
I am done for now.. Will catch you all later..
Good Trading To All ; Ken Lee
  • #20,509
  • Jul 30, 2009 9:10pm Jul 30, 2009 9:10pm
Quoting KENNETH lEE
I am done for now.. Will catch you all later..
Cool I'm headed for my 2 hour nap myself. Have a good night.
  • #20,510
  • Jul 30, 2009 9:52pm Jul 30, 2009 9:52pm
3 h1 hanging men candles in a row on ej
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #20,511
  • Jul 31, 2009 12:57am Jul 31, 2009 12:57am
may be a slow morning what with the huge gdp news at 1.30 today
'The past will always show us the future'
  • #20,512
  • Jul 31, 2009 3:44am Jul 31, 2009 3:44am
Hi,

I wish one of the experienced traders were on line, because i would have a question...
I posted a chart (H1)

Since we broke 6529 and closed above,after we got a hammer for sellers..The next candle buyers could push up the price again and closed above the hammer closing price...So in the next candle at the MA 10 (H1) i went long at 6232...I need tis working H1 candle to close above the last H1 candle otherwise i close my position and go short..Am i thinking it right???
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  • #20,513
  • Jul 31, 2009 3:46am Jul 31, 2009 3:46am
Sorry i went long at 6532....SL at 6515 targeting 6635-50
  • #20,514
  • Jul 31, 2009 4:03am Jul 31, 2009 4:03am
Quoting Isty
Sorry i went long at 6532....SL at 6515 targeting 6635-50
I heard this is a thread, where people trade smart without TRYING to pick exact tops and bottoms and joining the trend.


So this must be the people making money thread, hope you don't mind if I sign up

GU and EJ uptrend kinda, very flat Longs only people!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #20,515
  • Jul 31, 2009 4:04am Jul 31, 2009 4:04am
we did not close above the previous H1 candle and the TL broke..I pulled my sl at BE..I wait with the short because we still above the H1 ma10...
  • #20,516
  • Jul 31, 2009 4:09am Jul 31, 2009 4:09am
Quoting Turveyd
I heard this is a thread, where people trade smart without TRYING to pick exact tops and bottoms and joining the trend.


So this must be the people making money thread, hope you don't mind if I sign up

GU and EJ uptrend kinda, very flat Longs only people!!
You are welcome here...You found the best thread here and the best teachers ....I am just a beginner, but i have already learnt a lots of things from the fellow traders
Good luck to you
  • #20,517
  • Jul 31, 2009 4:16am Jul 31, 2009 4:16am
Quoting Isty
You are welcome here...You found the best thread here and the best teachers ....I am just a beginner, but i have already learnt a lots of things from the fellow traders
Good luck to you

Really WOW thats a first!!

I've got a M1 trend system which calls the current trend pretty much spot on and gives entry points with the trend, obviously the trend changes but it doesn't lag that much.

Thanks!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #20,518
  • Jul 31, 2009 4:32am Jul 31, 2009 4:32am
Looks like you're on a nice ride Isty
'The past will always show us the future'
  • #20,519
  • Jul 31, 2009 4:36am Jul 31, 2009 4:36am
Quoting terje
Looks like you're on a nice ride Isty
I really need that my friend...I booked some profit at 6570
Thanks!!
  • #20,520
  • Jul 31, 2009 5:37am Jul 31, 2009 5:37am
Quoting Turveyd
I heard this is a thread, where people trade smart without TRYING to pick exact tops and bottoms and joining the trend.


So this must be the people making money thread, hope you don't mind if I sign up

GU and EJ uptrend kinda, very flat Longs only people!!
Welcome Turveyd
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