Trade what you see NOT what you expect | Page 1058 | Forex Factory

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Trade what you see NOT what you expect

  • #21,141
  • Aug 5, 2009 9:22am Aug 5, 2009 9:22am
Turn of this m15 and we'll see if the sellers are serious or just blowing smoke up everyones ass!
Just digging in the trenches like everyone else!
  • #21,142
  • Aug 5, 2009 9:22am Aug 5, 2009 9:22am
Quoting albchr
Still holding long 6972, 1/2 booked 6999, covered rest BE+1
Good job on your long!
Just digging in the trenches like everyone else!
  • #21,143
  • Aug 5, 2009 9:26am Aug 5, 2009 9:26am
Quoting eohater
Good job on your long!
Stop adjusted +40 @ 7012, let her run

Edit: And out..LOL
Ghost Rider - WWTBMD?
  • #21,144
  • Aug 5, 2009 9:27am Aug 5, 2009 9:27am
Quoting eohater
You booked some on top of that +2 right? 7010-7020 and shorts will come with a furry!

That was a quick 45 pips captured.

I think this lurking in the shadows will bring new 'light' into my
trading.

Thanks EO and others,

Dr. D.
  • #21,145
  • Aug 5, 2009 9:27am Aug 5, 2009 9:27am
Quoting eohater
You booked some on top of that +2 right? 7010-7020 and shorts will come with a furry!
nope...only up 12 or so, just did not let it go against me!
  • #21,146
  • Aug 5, 2009 9:28am Aug 5, 2009 9:28am
Quoting albchr
Stop adjusted +40 @ 7012, let her run
Might be a little tight bro!

Sellers are showing interest again, they could push us back down a good notch.
Just digging in the trenches like everyone else!
  • #21,147
  • Aug 5, 2009 9:28am Aug 5, 2009 9:28am
Quoting Shilva
nope...only up 12 or so, just did not let it go against me!
Up 12 vs down 32 is better bro! Good job! Did you get back in short at 7025? I added to my position there.
Just digging in the trenches like everyone else!
  • #21,148
  • Aug 5, 2009 9:29am Aug 5, 2009 9:29am
Quoting fourxtrader
That was a quick 45 pips captured.

I think this lurking in the shadows will bring new 'light' into my
trading.

Thanks EO and others,

Dr. D.
Welcome to our style of intraday trading!

Good job on the +45.
Just digging in the trenches like everyone else!
  • #21,149
  • Aug 5, 2009 9:30am Aug 5, 2009 9:30am
Quoting eohater
Might be a little tight bro!

Sellers are showing interest again, they could push us back down a good notch.
Yea just edited my post. I'm happy with the 40. I'm one of those who needs to book what I've got and not give "too" much back...LOL
Ghost Rider - WWTBMD?
  • #21,150
  • Aug 5, 2009 9:33am Aug 5, 2009 9:33am
Quoting albchr
Yea just edited my post. I'm happy with the 40. I'm one of those who needs to book what I've got and give "too" much back...LOL
There's nothing wrong with leaving runners on a trade to see if she'll keep going. I would have kept my runner on your position at either BE or +3. I'm more prone to +3 because I pay a spread.
Just digging in the trenches like everyone else!
  • #21,151
  • Aug 5, 2009 9:33am Aug 5, 2009 9:33am
Short @ 7022..SL 7050....targeting a retest of 15m 200ma and hopefully 1H 62ema.
  • #21,152
  • Aug 5, 2009 9:36am Aug 5, 2009 9:36am
Quoting rt4x
Short @ 7022..SL 7050....targeting a retest of 15m 200ma and hopefully 1H 62ema.
Excellent job! I can see that being a good target, I have a target set there as well and your SL is ideal, good R:R!
Just digging in the trenches like everyone else!
  • #21,153
  • Aug 5, 2009 9:36am Aug 5, 2009 9:36am
Quoting eohater
There's nothing wrong with leaving runners on a trade to see if she'll keep going. I would have kept my runner on your position at either BE or +3. I'm more prone to +3 because I pay a spread.
I'm in a unique situation by no choice that ALL of you would deem me completely crazy for. Normally, I'll close it manually when I see it start to falter.

Real small account, very large bills...lol

In fact if I could hedge, I'd have have sold up there too.
Ghost Rider - WWTBMD?
  • #21,154
  • Aug 5, 2009 9:41am Aug 5, 2009 9:41am
Quoting albchr
I'm in a unique situation by no choice that ALL of you would deem me completely crazy for. Normally, I'll close it manually when I see it start to falter.

Real small account, very large bills...lol
I understand, keep your R:R in check and you'll be fine and don't be afraid to accept you've made a bad trade and get out before your SL is hit either. You can always reenter as long as you have an account, no account, no reentry.
Just digging in the trenches like everyone else!
  • #21,155
  • Aug 5, 2009 9:42am Aug 5, 2009 9:42am
Time for some lunch, see everyone in about an hour!

Keep your trades safe and know why your taking it before you pull the trigger!
Just digging in the trenches like everyone else!
  • #21,156
  • Edited 10:52am Aug 5, 2009 9:46am | Edited 10:52am
One quick question. This would invalidate the H&S now right?

Not that it won't fall.

EDIT: I'm wondering if we'll see a double top. Short PO at 7040 SL 7065 <<< Scratch that. Don't think it will make it there.

Short 7024 / Sl 7049
Ghost Rider - WWTBMD?
  • #21,157
  • Aug 5, 2009 9:57am Aug 5, 2009 9:57am
Quoting eohater
I understand, keep your R:R in check and you'll be fine and don't be afraid to accept you've made a bad trade and get out before your SL is hit either. You can always reenter as long as you have an account, no account, no reentry.

I do that all the time...

My risk has to be so large that my SL is really just a safety net in case I should loose connection. That's why I want to learn what you're doing. With better entries, less draw down, tighter SL's and more pips per day, I'm hopeful I can reduce the risk I take on position size.

Up to now I relied on really good entries that would bounce enough to get me to BE within a few pips in profit. I'd get stopped out a lot but when I'm confident about it going the way I think it will, that one runner paid me well.

Still, too risky and a lot of waiting for that setup.
Ghost Rider - WWTBMD?
  • #21,158
  • Aug 5, 2009 10:03am Aug 5, 2009 10:03am
Quoting eohater
Up 12 vs down 32 is better bro! Good job! Did you get back in short at 7025? I added to my position there.
I sure did, closed all but 1 of my longs from 6950 area also.
  • #21,159
  • Aug 5, 2009 11:02am Aug 5, 2009 11:02am
Back from lunch, I see my shorts are having issues. Line in the sand for me is 7045. We break it, and we'll see a much higher price.

Now, on that note, the h1 that just closed does show selling interest. Notice how price closed just under the wick of the prior h1. Not strong PA for a move south, but enough for me to keep my position open.
Just digging in the trenches like everyone else!
  • #21,160
  • Aug 5, 2009 11:05am Aug 5, 2009 11:05am
I can see 1.7070 from the perspective of an AB=CD pattern. That figure would also correspond to a previous S/R area.
Hi, my name is Barry and you can keep your doctor...
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