Trade what you see NOT what you expect | Page 1061 | 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

  • #21,201
  • Aug 5, 2009 2:47pm Aug 5, 2009 2:47pm
Quoting eohater
Exactly! Use the MA's for your targets, SL and entries. Their a beautiful thing!
So we closed below the 35. Now we want to see around the 6960ish area and the next bar contained below the 35. Correct?
Ghost Rider - WWTBMD?
  • #21,202
  • Aug 5, 2009 2:49pm Aug 5, 2009 2:49pm
Quoting albchr
So we closed below the 35. Now we want to see around the 6960ish area and the next bar contained below the 35. Correct?
We won't see it now bro. All ma's are coming back together, time for some gump action (Tennis, ping pong, range, whatever you want to call it) Wrong time of the day for it.
Just digging in the trenches like everyone else!
  • #21,203
  • Aug 5, 2009 2:52pm Aug 5, 2009 2:52pm
Quoting eohater
We won't see it now bro. All ma's are coming back together, time for some gump action (Tennis, ping pong, range, whatever you want to call it) Wrong time of the day for it.
OK I see, lowers are rising, uppers are falling, headed for running flat again.

The light, she be coming on EO.....
Ghost Rider - WWTBMD?
  • #21,204
  • Aug 5, 2009 2:55pm Aug 5, 2009 2:55pm
Quoting albchr
OK I see, lowers are rising, uppers are falling, headed for running flat again.

The light, she be coming on EO.....
Probably looking at a range between 6990 and 7020 for the time being until Asian session picks up and moves.
Just digging in the trenches like everyone else!
  • #21,205
  • Aug 5, 2009 2:57pm Aug 5, 2009 2:57pm
Good to be here guys. If I may ask - on the EUR USD there are 2 daily hanging man in a row. Would you take this as a sign of a potential reversal?
  • #21,206
  • Aug 5, 2009 2:58pm Aug 5, 2009 2:58pm
Realize how the ma's work. They follow price, but I consider the m15 35 to be the net. Meaning, price and the m15 35 will always come back together again. Again, price moves the ma's not the other way around. but, when the ma's go flat and come together on the m15, then it's time for some ping pong action. Define the range, play it, be ready for her to break out, confirm the break out and trade it. Always and I stress ALWAYS keep your eye on the higher TF.
Just digging in the trenches like everyone else!
  • #21,207
  • Aug 5, 2009 3:00pm Aug 5, 2009 3:00pm
Quoting elliot_l
Good to be here guys. If I may ask - on the EUR USD there are 2 daily hanging man in a row. Would you take this as a sign of a potential reversal?
You cannot count today's candle til it closes. As to yesterday, it was more of a long legged doji than a hanging man. Top and bottom wick are similar in size and nature with a small body. Price is ranging is what it tells me. Today, EU made a new high and was slapped down hard, but it does pave the path for EU to go to 1.45.
Just digging in the trenches like everyone else!
  • #21,208
  • Aug 5, 2009 3:00pm Aug 5, 2009 3:00pm
Quoting eohater
Realize how the ma's work. They follow price, but I consider the m15 35 to be the net. Meaning, price and the m15 35 will always come back together again. Again, price moves the ma's not the other way around. but, when the ma's go flat and come together on the m15, then it's time for some ping pong action. Define the range, play it, be ready for her to break out, confirm the break out and trade it. Always and I stress ALWAYS keep your eye on the higher TF.
Sounds good EO, Thank you! I love ranges actually. Some of my best pips live there....
Ghost Rider - WWTBMD?
  • #21,209
  • Aug 5, 2009 3:04pm Aug 5, 2009 3:04pm
Quoting albchr
Sounds good EO, Thank you! I love ranges actually. Some of my best pips live there....
It's all a range in someway or another brother! Some ranges just happen to be alot bigger than 20 pips.

Notice on m15 gave us tweezer bottoms and a half ass hammer on the last close. We also closed the h1 above the 10 and our h4 did close above all critcal ma's as well. We could see the 7070 Cisco mentioned earlier. I can actually see a little higher around 7090 and maybe, just maybe 7148.
Just digging in the trenches like everyone else!
  • #21,210
  • Aug 5, 2009 3:06pm Aug 5, 2009 3:06pm
I'm looking at the potential range and I can see the 6990 floor and 7025 ceiling. These are the ask prices. You'll need to adjust for your spread on shorts and your SL on longs. I always give price in the ask price level, not bid price. Candles close on the ask price and this is why.
Just digging in the trenches like everyone else!
  • #21,211
  • Aug 5, 2009 3:10pm Aug 5, 2009 3:10pm
I hope everyone had fun today, but more importantly, I hope everyone made some green pips! I've only got about an hour left and I'm done for the US Session.
Just digging in the trenches like everyone else!
  • #21,212
  • Aug 5, 2009 3:11pm Aug 5, 2009 3:11pm
Quoting eohater
It's all a range in someway or another brother! Some ranges just happen to be alot bigger than 20 pips.

Notice on m15 gave us tweezer bottoms and a half ass hammer on the last close. We also closed the h1 above the 10 and our h4 did close above all critcal ma's as well. We could see the 7070 Cisco mentioned earlier. I can actually see a little higher around 7090 and maybe, just maybe 7148.

LOL...I can't believe you just said that. I've been taking a lot of flack for saying I don't really believe in trends. Just varying size ranges filled with price fluctuations...LOL I don't care if it's 1.3500 to 2.000. it's still a range.

I have S/R lines at 7080 & 7150.
Ghost Rider - WWTBMD?
  • #21,213
  • Aug 5, 2009 3:13pm Aug 5, 2009 3:13pm
Hi EO,

I promise not to ask a question every 5 mins, but I'm just wondering if you could explain why 7090 and why 7148?

Thanks
  • #21,214
  • Aug 5, 2009 3:14pm Aug 5, 2009 3:14pm
Quoting eohater
I hope everyone had fun today, but more importantly, I hope everyone made some green pips! I've only got about an hour left and I'm done for the US Session.

...Do you trade UK? Or just finish off the night checking in on Asia?

I''ve been up since midnight so I'm ready for a break.
Ghost Rider - WWTBMD?
  • #21,215
  • Aug 5, 2009 3:15pm Aug 5, 2009 3:15pm
Quoting albchr
LOL...I can't believe you just said that. I've been taking a lot of flack for saying I don't really believe in trends. Just varying size ranges filled with price fluctuations...LOL I don't care if it's 1.3500 to 2.000. it's still a range.

I have S/R lines at 7080 & 7150.
It's true bro! If you believe it yourself, then this system will fit your personality. The trend is your friend, but at the same token, price doesn't just go one direction. Never has and never will. It only moves East with peaks and valleys.
Just digging in the trenches like everyone else!
  • #21,216
  • Aug 5, 2009 3:19pm Aug 5, 2009 3:19pm
Quoting elliot_l
Hi EO,

I promise not to ask a question every 5 mins, but I'm just wondering if you could explain why 7090 and why 7148?

Thanks
If we break today's high, then we will see no less than 7070 because it's 30 pips higher than today's price, but the h4 traders might push it higher, 7148 because I had a dream about that price. Call me crazy, but it's stuck in my head now and if you look at your weekly you can also see why. Overall, I'm not ruling out a run to 733x. That will be the 50% retracement of the whole downward move. I will be a seller at 733x and I'd even put a PO on right now I'm so confident in it. I don't trade fibs, but I do pay attention to the price levels. Too many people trade them to not recognize their value.
Just digging in the trenches like everyone else!
  • #21,217
  • Aug 5, 2009 3:20pm Aug 5, 2009 3:20pm
Quoting eohater
It's true bro! If you believe it yourself, then this system will fit your personality. The trend is your friend, but at the same token, price doesn't just go one direction. Never has and never will. It only moves East with peaks and valleys.

I'm HOME!!!..........
Ghost Rider - WWTBMD?
  • #21,218
  • Aug 5, 2009 3:21pm Aug 5, 2009 3:21pm
Quoting albchr
...Do you trade UK? Or just finish off the night checking in on Asia?

I''ve been up since midnight so I'm ready for a break.
Wednesday's I don't get to trade Asia. When I do trade Asia, it's on the couch with the wife and she doesn't like it when I post. She says I'm not spending quality time with her and she's right. As to UK, I like to watch my midnight h4 candle close and open and can usually find a nice seat aroun 1:00am -1:30am for a good amount of pips. Then, I'll check back in when my next h4 opens at 4:00am and usually stay up til around 5:00am. I don't post much during this time cause the thread is kinda empty and I'm not always up to take the trades. I'm always on during US Session. Feel free to PM me and let me know if your up. I'll be more than happy to jump in the thread. I know Pippi is up during these times as well filling his Govt. Motors truck with pips!

Btw, it's 4:21pm for me right now.
Just digging in the trenches like everyone else!
  • #21,219
  • Aug 5, 2009 3:23pm Aug 5, 2009 3:23pm
Quoting albchr
I'm HOME!!!..........
Wait til my twin brother returns. We really crank it up then! He'll be back probably next week.
Just digging in the trenches like everyone else!
  • #21,220
  • Aug 5, 2009 3:23pm Aug 5, 2009 3:23pm
Quoting elliot_l
Hi EO,

I promise not to ask a question every 5 mins, but I'm just wondering if you could explain why 7090 and why 7148?

Thanks
Ask all the questions you want, that's what we're here for.
Just digging in the trenches like everyone else!
32 traders viewing now