Trade what you see NOT what you expect | Page 1055 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #21,081
  • Aug 5, 2009 9:22am Aug 5, 2009 9:22am
Quoting eohater
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.
Nothing against trend traders, I just feel their always late to the party.
Just digging in the trenches like everyone else!
  • #21,082
  • Aug 5, 2009 9:24am Aug 5, 2009 9:24am
For those of us short, we don't want to see this m15 close like it is right now (Pin/Hammer), we want it to close like the prior m15 candle, fuller body with a bottom wick that is less than the body.
Just digging in the trenches like everyone else!
  • #21,083
  • Aug 5, 2009 9:25am Aug 5, 2009 9:25am
Quoting eohater
Nothing against trend traders, I just feel their always late to the party.

Some times it doesn't pay to be fashionablly late.. I would rather get there early eat all the best or-di-vors. and get out leaving nothing but crumbs..
Good Trading To All ; Ken Lee
  • #21,084
  • Aug 5, 2009 9:25am Aug 5, 2009 9:25am
Quoting KENNETH lEE
Some times it doesn't pay to be fashionablly late.. I would rather get there early eat all the best or-di-vors. and get out leaving nothing but crumbs..
Just digging in the trenches like everyone else!
  • #21,085
  • Aug 5, 2009 9:26am Aug 5, 2009 9:26am
Quoting eohater
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.

Ok, and you find that 35 pips for GU beyond the close of the bar through the 35 is generally enough to trigger all that.
Ghost Rider - WWTBMD?
  • #21,086
  • Aug 5, 2009 9:27am Aug 5, 2009 9:27am
See how the bulls are not willing to give it up easily? Now, I want to see the m15 35 hold it down, but a run to the 698x area is still a possibility. This is the bottom of the last place that pushed price down. Sellers will be waiting in the lurks there.
Just digging in the trenches like everyone else!
  • #21,087
  • Aug 5, 2009 9:30am Aug 5, 2009 9:30am
Quoting albchr
Ok, and you find that 35 pips for GU beyond the close of the bar through the 35 is generally enough to trigger all that.
Yes bro, I do. Go back in your charts for the last 10 years and you'll see it yourself.

Just like you'll see the price reverse when it goes from 20 pips to 30 pips past that price. SL on these entries are 35-40 past the closed price of the m15 candle that closed through the 35. You can set a PO and let the price pull you into the market, book some profit and cover. Even if you only get 10, it's 10 more than you had.

There's a running joke that we're only good for 10 pips in here!
Just digging in the trenches like everyone else!
  • #21,088
  • Aug 5, 2009 9:30am Aug 5, 2009 9:30am
Quoting eohater
For those of us short, we don't want to see this m15 close like it is right now (Pin/Hammer), we want it to close like the prior m15 candle, fuller body with a bottom wick that is less than the body.
But if it does close a pin above support at 6954, from a pure PA angle, that would signal a long for me...no?
Ghost Rider - WWTBMD?
  • #21,089
  • Aug 5, 2009 9:32am Aug 5, 2009 9:32am
Now to the details, we just closed our m15, not a pin, not a valid hammer because of the top wick, but buyers will still buy on the wick. However, notice how sellers have started their push again. Price was not able to get over the m15 35. Sellers are going to try and gain control, but it's a battlefield right now between the two. Trend traders see price at a good level to buy here.
Just digging in the trenches like everyone else!
  • #21,090
  • Aug 5, 2009 9:33am Aug 5, 2009 9:33am
also with positive divergence on 15m it's a buy for many traders (after the last candle)
'The past will always show us the future'
  • #21,091
  • Aug 5, 2009 9:34am Aug 5, 2009 9:34am
Quoting albchr
But if it does close a pin above support at 6954, from a pure PA angle, that would signal a long for me...no?
If my accounts where not in positions, I would already be long from the 6945 area off the m15 200. Profit booked and covered on the rest. But your right, PA alone would support the long with SL on the other side of the wick as normal entries off pins/hammers should be.
Just digging in the trenches like everyone else!
  • #21,092
  • Aug 5, 2009 9:35am Aug 5, 2009 9:35am
Quoting eohater
Now to the details, we just closed our m15, not a pin, not a valid hammer because of the top wick, but buyers will still buy on the wick. However, notice how sellers have started their push again. Price was not able to get over the m15 35. Sellers are going to try and gain control, but it's a battlefield right now between the two. Trend traders see price at a good level to buy here.

...My, when you do post, you post fast...LOL
Ghost Rider - WWTBMD?
  • #21,093
  • Aug 5, 2009 9:35am Aug 5, 2009 9:35am
Quoting eohater
Yes bro, I do. Go back in your charts for the last 10 years and you'll see it yourself.

Just like you'll see the price reverse when it goes from 20 pips to 30 pips past that price. SL on these entries are 35-40 past the closed price of the m15 candle that closed through the 35. You can set a PO and let the price pull you into the market, book some profit and cover. Even if you only get 10, it's 10 more than you had.

There's a running joke that we're only good for 10 pips in here!
Well it must be nice to be so uber-rich that you don't even stop and pick up a $10 bill lying on the ground. So if any of you guys with deep pockets see any, let me know and I'll be right over to pick up that "litter"...
  • #21,094
  • Aug 5, 2009 9:35am Aug 5, 2009 9:35am
hey guys i just wanted to say ive been lurking here a bit thanks to ken telling me about this thread.

I wanted to thank you eo for starting this thread your methods are interesting and ive been watching my charts. i think it will take some time for me to get used to the personality of the ma's but i like what i see so far.
thanks, john
  • #21,095
  • Aug 5, 2009 9:38am Aug 5, 2009 9:38am
Quoting AmeriTrini
4300, look like a nice target on the EU, which will support the Cable going DOWN for the moment.
I can see 4300 on EU, but I can even see 4105 as well.

Same with EJ, I can see 134.4x

Good eye bro!
Just digging in the trenches like everyone else!
  • #21,096
  • Aug 5, 2009 9:41am Aug 5, 2009 9:41am
Quoting albchr
...My, when you do post, you post fast...LOL
When I'm in positions, it's easier for me to post. I have my TP's set and keeping my eye for a possible run back to the top. I've still got the 6923 area to clear on GU for my shorts to be really golden, but they've paid me well so far!
Just digging in the trenches like everyone else!
  • #21,097
  • Aug 5, 2009 9:41am Aug 5, 2009 9:41am
Quoting nyjetfan
Well it must be nice to be so uber-rich that you don't even stop and pick up a $10 bill lying on the ground. So if any of you guys with deep pockets see any, let me know and I'll be right over to pick up that "litter"...
Brother, I'll pick up a penny if it's on the ground
Just digging in the trenches like everyone else!
  • #21,098
  • Aug 5, 2009 9:42am Aug 5, 2009 9:42am
Quoting johnnykanoo
hey guys i just wanted to say ive been lurking here a bit thanks to ken telling me about this thread.

I wanted to thank you eo for starting this thread your methods are interesting and ive been watching my charts. i think it will take some time for me to get used to the personality of the ma's but i like what i see so far.
thanks, john

I swear I didn't tell anyone . Did he know the secret handshake before you let him in the door ?? Please don't ban me...

http://www.juniorsociety.com/images/handshake.jpg
Good Trading To All ; Ken Lee
  • #21,099
  • Aug 5, 2009 9:42am Aug 5, 2009 9:42am
Quoting johnnykanoo
hey guys i just wanted to say ive been lurking here a bit thanks to ken telling me about this thread.

I wanted to thank you eo for starting this thread your methods are interesting and ive been watching my charts. i think it will take some time for me to get used to the personality of the ma's but i like what i see so far.
thanks, john
Welcome to the thread!
Just digging in the trenches like everyone else!
  • #21,100
  • Aug 5, 2009 9:43am Aug 5, 2009 9:43am
Quoting eohater
When I'm in positions, it's easier for me to post. I have my TP's set and keeping my eye for a possible run back to the top. I've still got the 6923 area to clear on GU for my shorts to be really golden, but they've paid me well so far!
Well I see things move very fast in here so I'll just keep quiet and hit the refresh button every nanosecond or so and follow along....LOL
Ghost Rider - WWTBMD?
25 traders viewing now