Trade what you see NOT what you expect | Page 1054 | Forex Factory

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Trade what you see NOT what you expect

  • #21,061
  • Aug 5, 2009 8:53am Aug 5, 2009 8:53am
Quoting PippiNole
Got in on EJ last night and rode her down to the 1 hr 62 and took a few longs there until she finally decided to go back up. Got back up in time to see the beautiful pin on the 15 min for the short.

Rode GU up from 6909 but was slow on the short trigger (7020).
Excellent job bro! I ended up not trading last night, HS got in the way. Love it when that happens!
Just digging in the trenches like everyone else!
  • #21,062
  • Aug 5, 2009 9:00am Aug 5, 2009 9:00am
Positions are changing guys! Money is moving like lightening right now.
Just digging in the trenches like everyone else!
  • #21,063
  • Aug 5, 2009 9:01am Aug 5, 2009 9:01am
Quoting KENNETH lEE
I had taken shorts on both pairs but failed to leave anything on them .. DARN IT !!! So instead of possiblly trying to scalp some pippage and jumping in the wrong way basiclly trading agianst myself. I thought I would post some charts.

The first is the Cable second E/J. This is showing some MA trades that were available last night. These come up a lot during consolidation at times you may only have 1 ma to come off and have to pick a S/R or Trendline for the opposite side. But the main thing to remember is we use the MA's as floating S/R lines....
New to the thread.

I've traded MMA's for some time. Interested in what EO has developed.

I'm impressed with the focus and support here by several of you key
players who have consistently gathered on this thread for months.

That suggests to me this system works and is worth studying.

Ken, I appreciate the clarity in (labeled) charts and explanation attached
to help shorten the learning curve.

I'll lurk in the shadows and learn from the rest.

Dr. D.
  • #21,064
  • Aug 5, 2009 9:03am Aug 5, 2009 9:03am
Missed all those nice shorts it seems.
Ghost Rider - WWTBMD?
  • #21,065
  • Aug 5, 2009 9:04am Aug 5, 2009 9:04am
Quoting fourxtrader
New to the thread.

I've traded MMA's for some time. Interested in what EO has developed.

I'm impressed with the focus and support here by several of you key
players who have consistently gathered on this thread for months.

That suggests to me this system works and is worth studying.

Ken, I appreciate the clarity in (labeled) charts and explanation attached
[i][color=#0000ff]to...
Welcome to the thread! Ken's charts definately kick ass!
Just digging in the trenches like everyone else!
  • #21,066
  • Aug 5, 2009 9:07am Aug 5, 2009 9:07am
Don't get all crazy on your entries guys! Remember yesterday's level of 6950-6905. We have to clear the top side before we can clear the bottom. Don't get stuck going short right now at 6940. Let price clear the m15 35, confirm the clearing before jumping short. You see the buyers that came off the m15 200. They can be taken out, but not on the first charge.
Just digging in the trenches like everyone else!
  • #21,067
  • Aug 5, 2009 9:07am Aug 5, 2009 9:07am
Quoting eohater
Here's why I went short on EJ.

Thanks for the Explanations and Charts .. Always a wealth of information. Now if you could only bottle it. I have started watching my higher time frames more so.

But I guess my primary goal is to get the Price Action trading down and Trade Management. As I had said earlier I was short both but failed to leave any on it.. But I am getting better I enter with multi orders and close in stages . I might not get as much as I should but feel I am up on the porch, but not quite knocking at the door yet. Hope I just kick it in .SOOOON...

If you take notice during news releases the Ma's still seem to hold their power... Darn Spooky some times..
Good Trading To All ; Ken Lee
  • #21,068
  • Aug 5, 2009 9:09am Aug 5, 2009 9:09am
Quoting eohater
Don't get all crazy on your entries guys! Remember yesterday's level of 6950-6905. We have to clear the top side before we can clear the bottom. Don't get stuck going short right now at 6940. Let price clear the m15 35, confirm the clearing before jumping short. You see the buyers that came off the m15 200. They can be taken out, but not on the first charge.
So a close below M15/35 (on this bar?) would tell you safe for short?
Ghost Rider - WWTBMD?
  • #21,069
  • Aug 5, 2009 9:09am Aug 5, 2009 9:09am
Quoting KENNETH lEE
Thanks for the Explanations and Charts .. Always a wealth of information. Now if you could only bottle it. I have started watching my higher time frames more so.

But I guess my primary goal is to get the Price Action trading down and Trade Management. As I had said earlier I was short both but failed to leave any on it.. But I am getting better I enter with multi orders and close in stages . I might not get as much as I should but feel I am up on the porch, but not quite knocking at the door yet. Hope I just kick it in .SOOOON... ...
Your definately on the porch Ken!

You know my feeling about news! It's just noise to me.
Just digging in the trenches like everyone else!
  • #21,070
  • Aug 5, 2009 9:11am Aug 5, 2009 9:11am
Quoting eohater
Excellent job bro! I ended up not trading last night, HS got in the way. Love it when that happens!
  • #21,071
  • Aug 5, 2009 9:12am Aug 5, 2009 9:12am
Quoting eohater
Your definately on the porch Ken!

You know my feeling about news! It's just noise to me.
I'm kind of liking that noise today.
  • #21,072
  • Aug 5, 2009 9:13am Aug 5, 2009 9:13am
Quoting albchr
So a close below M15/35 (on this bar?) would tell you safe for short?
No, not yet, it could come back up into the 698x area probably or get rejected at 6972. You can short it now if you'd like, just know your SL needs to be above 6989 now if you do. if this candle closes, confirms the m15 35 on the next is going to hold, shorts away. I like to use the rule of thumb that once we close across the m15 35, that price needs to travel at least 35 pips past the closed price of the candle that closed through the m15 35 to confirm the trend has changed. I know some that set PO's at 36 pips past with SL on the other side of the candle that closed through the 35 and others that buy when price nears the 35 pips after the closed price of the candle through the m15 35. As you can see from this, there are multiple setups with the m15 35 that come into play.
Just digging in the trenches like everyone else!
  • #21,073
  • Aug 5, 2009 9:14am Aug 5, 2009 9:14am
Quoting PippiNole
I'm kind of liking that noise today.
Just digging in the trenches like everyone else!
  • #21,074
  • Aug 5, 2009 9:15am Aug 5, 2009 9:15am
Quoting fourxtrader
New to the thread.

I've traded MMA's for some time. Interested in what EO has developed.

I'm impressed with the focus and support here by several of you key
players who have consistently gathered on this thread for months.

That suggests to me this system works and is worth studying.

Ken, I appreciate the clarity in (labeled) charts and explanation attached
[i][color=#0000ff]to...

Welcome to the thread we are of a like mind here we are trading to win.. The group continues to be one of the best going. No fighting or bickering just the sharing of ideas using the same type of analysis. I am no where near the best trader here but have a decent understanding of the overall picture.. Everyone here will gladlly help each other along.. Just ask anytime you need clarifaction on something..

Welcome Ken
Good Trading To All ; Ken Lee
  • #21,075
  • Aug 5, 2009 9:17am Aug 5, 2009 9:17am
Price closed at 6958 through the m15 35. Buyers will show up around 6923 and if you look left on the m15, you can see why! So, look for a bounce and then for the m15 35 to hold her down.
Just digging in the trenches like everyone else!
  • #21,076
  • Aug 5, 2009 9:19am Aug 5, 2009 9:19am
Quoting eohater
Price closed at 6958 through the m15 35. Buyers will show up around 6923 and if you look left on the m15, you can see why! So, look for a bounce and then for the m15 35 to hold her down.
4300, look like a nice target on the EU, which will support the Cable going DOWN for the moment.
  • #21,077
  • Aug 5, 2009 9:19am Aug 5, 2009 9:19am
Quoting eohater
No, not yet, it could come back up into the 698x area probably or get rejected at 6972. You can short it now if you'd like, just know your SL needs to be above 6989 now if you do. if this candle closes, confirms the m15 35 on the next is going to hold, shorts away. I like to use the rule of thumb that once we close across the m15 35, that price needs to travel at least 35 pips past the closed price of the candle that closed through the m15 35 to confirm the trend has changed. I know some that set PO's at 36 pips past with SL on the other side of...

So you'd be talking about a close of this 15M around the 6920 area to confirm trend change.
Ghost Rider - WWTBMD?
  • #21,078
  • Aug 5, 2009 9:19am Aug 5, 2009 9:19am
Quoting eohater
Price closed at 6958 through the m15 35. Buyers will show up around 6923 and if you look left on the m15, you can see why! So, look for a bounce and then for the m15 35 to hold her down.
As we all know, there's nothing guaranteed, but when price gets past 6923, the sellers will really run with it to around 689x
Just digging in the trenches like everyone else!
  • #21,079
  • Aug 5, 2009 9:20am Aug 5, 2009 9:20am
Quoting eohater
As we all know, there's nothing guaranteed, but when price gets past 6923, the sellers will really run with it to around 689x
,,,gottcha
Ghost Rider - WWTBMD?
  • #21,080
  • Aug 5, 2009 9:21am Aug 5, 2009 9:21am
Quoting albchr
So you'd be talking about a close of this 15M around the 6920 area to confirm trend change.
At this point, I'm not worried about a close, price just needs to go past 6923, close does not matter. When price goes past 6923, the "TREND" traders will start jumping in. The ma's are rounding over, getting ready to cross the m15 35.
Just digging in the trenches like everyone else!
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