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

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Trade what you see NOT what you expect

  • #21,401
  • Aug 6, 2009 9:29am Aug 6, 2009 9:29am
Quoting eohater
Brother, I think your man card was revoked a cpl of weeks ago when you had your low carb lunch.

I do praise you for taking care of your health bro!
I knew that would come back to haunt me. Really it was a double bacon cheeseburger with steak fries and a milk shake.
  • #21,402
  • Aug 6, 2009 9:29am Aug 6, 2009 9:29am
Quoting eohater
I got a position filled at 136.95, SL is at 136.80.
I've booked 10, SL moving to 136.90.
Just digging in the trenches like everyone else!
  • #21,403
  • Aug 6, 2009 9:30am Aug 6, 2009 9:30am
Quoting PippiNole
I knew that would come back to haunt me. Really it was a double bacon cheeseburger with steak fries and a milk shake.
Just digging in the trenches like everyone else!
  • #21,404
  • Aug 6, 2009 9:30am Aug 6, 2009 9:30am
hey guys thanks for the welcome and the responce.

@supremechaos you know i have alot of respect for you and i value your opinion. thanks for the heads up about the h1 and h4 ma's. I also intend to incorporate the j16 stlye pa with this so my focus must start at least at the h4, from that bigger picture i can decide where the 15m is going. I hope i am right in this thought process only time will tell.

@jetsfan thanks for the advice i have read the pdf plus ken's flashcards. i guess i will need to go over them a few times and let the material sink in.

@eohater obviously people here respect you alot. I like your style and sense of humor keep it up http://www.freesmileys.org/smileys/smiley-bounce015.gif
  • #21,405
  • Aug 6, 2009 9:34am Aug 6, 2009 9:34am
Quoting eohater
I've booked 10, SL moving to 136.90.
15 more has been booked, SL moved to BE. Now, let's see that 137.7x
Just digging in the trenches like everyone else!
  • #21,406
  • Aug 6, 2009 9:35am Aug 6, 2009 9:35am
Quoting johnnykanoo
hey guys thanks for the welcome and the responce.

@supremechaos you know i have alot of respect for you and i value your opinion. thanks for the heads up about the h1 and h4 ma's. I also intend to incorporate the j16 stlye pa with this so my focus must start at least at the h4, from that bigger picture i can decide where the 15m is going. I hope i am right in this thought process only time will tell.

@jetsfan thanks for the advice i have read the pdf plus ken's flashcards. i guess i will need to go over them a few times and let the material...
Here's something for you to think about. I don't want to confuse you, but do think about this. Our m15 charts make up the h4 does it not? Not that the m15 charts direct the h4, but it gives us the keys to get great entries with small drawdowns.
Just digging in the trenches like everyone else!
  • #21,407
  • Aug 6, 2009 9:36am Aug 6, 2009 9:36am
Quoting PippiNole
I knew that would come back to haunt me. Really it was a double bacon cheeseburger with steak fries and a milk shake.

Allrighty then another chance to torture you. If you can't beat'em
Trading , We have other weapons.

http://www.canyonsburgercompany.com/...r_Crop_001.jpg

Want a Cheeseburger ??? Go ahead just one little bite !!!
Good Trading To All ; Ken Lee
  • #21,408
  • Aug 6, 2009 9:38am Aug 6, 2009 9:38am
Quoting eohater
I got a position filled at 136.95, SL is at 136.80.

Switched back to GU Long near 6802, normal 16 SL, can she turn !!

I see 6850 in it's future

Likely after hitting my SL
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #21,409
  • Aug 6, 2009 9:39am Aug 6, 2009 9:39am
Quoting Turveyd
Switched back to GU Long near 6802, normal 16 SL, can she turn !!

I see 6850 in it's future

Likely after hitting my SL
Nice entry! I can see that price.
Just digging in the trenches like everyone else!
  • #21,410
  • Aug 6, 2009 9:40am Aug 6, 2009 9:40am
Quoting albchr
I'm in 137.07 same SL

Also 6808 GU SL 6784
Booked half EJ at +24 rest covered.
Ghost Rider - WWTBMD?
  • #21,411
  • Aug 6, 2009 9:41am Aug 6, 2009 9:41am
Quote
Here's something for you to think about. I don't want to confuse you, but do think about this. Our m15 charts make up the h4 does it not? Not that the m15 charts direct the h4, but it gives us the keys to get great entries with small drawdowns.

ok i see your point. if i trade the m15 does that mean smaller profit targets.

also on that note which ma's do you like for your targets or is it the closest ma is the first profit and the next is the second profit and so forth?

sorry guys and if these are stupid questions please feel free to tell me.

thanks, john
  • #21,412
  • Aug 6, 2009 9:47am Aug 6, 2009 9:47am
Quoting johnnykanoo
ok i see your point. if i trade the m15 does that mean smaller profit targets.

also on that note which ma's do you like for your targets or is it the closest ma is the first profit and the next is the second profit and so forth?

sorry guys and if these are stupid questions please feel free to tell me.

thanks, john
No question is stupid! Yes, use your ma's for profit targets and your price levels you've defined from the past price action.

Let me give you an example. This is the short that I took from 7035 yesterday morning. We were getting ready to turn the h4 and the m15 gave me this PA:
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 63 KB
Just digging in the trenches like everyone else!
  • #21,413
  • Aug 6, 2009 9:47am Aug 6, 2009 9:47am
Quoting PippiNole
I knew that would come back to haunt me. Really it was a double bacon cheeseburger with steak fries and a milk shake
sounds & smells like a Wendy's menu. U making me


Quoting johnnykanoo
hey guys thanks for the welcome and the responce.
@supremechaos......
hey, that's just my humble take, but really, listen to eohater & everybody else but me... as i am literally a first-timer here


Quoting eohater
Here's something for you to think about. I don't want to confuse you, but do think about this. Our m15 charts make up the h4 does it not? Not that the m15 charts direct the h4, but it gives us the keys to get great entries with small drawdowns.
definitely agree & can relate.
i have a very small account. so i trade M5-H1 charts often, slowly building my account. that's the beauty of the other threads here in FF like eohater's: versatility/flexibility when it comes to timeframes traded. of course, S/R is very important.
  • #21,414
  • Aug 6, 2009 9:50am Aug 6, 2009 9:50am
Quoting johnnykanoo
ok i see your point. if i trade the m15 does that mean smaller profit targets.

also on that note which ma's do you like for your targets or is it the closest ma is the first profit and the next is the second profit and so forth?

sorry guys and if these are stupid questions please feel free to tell me.

thanks, john

I don't think that is the idea here.. The profittarget is from the 4hr. The profit taking at the 15 min MA is covering you from loses .

But you can also have chances to add those back on at different areas as price retraces and continues in it's entended direction..


That's how I see it anyway.. That is why it is so important to enter our trades with mulitiple orders..

This is how I see it anyway.. Ken

But also remember I was wrong once... I think I was anyway...
Good Trading To All ; Ken Lee
  • #21,415
  • Aug 6, 2009 9:50am Aug 6, 2009 9:50am
Quoting johnnykanoo
hey guys i am new to this material and honestly i feel a little lost. So to help me find my way I have a question?

which ma's are the most important to look at and what tf?

or do i look at all of them and how they relate to each other.

right now i am thinking the m15 35 and 50

and the h1 50 and 62

am i on the right track?

any other advice to make me a success at this style?

thanks, john

btw eo don;t mind anyone being negative they are just jelous of your

Big Pips

I was over at another site looking up some of the meaning of
the dblhc (which was mentioned here by EO) and read your
excellent discussion on the subject.

Thanks,

Dr. D.

BabyPips.com Forex Forum > "The Holy Grails" > Free Forex Trading Systems http://forums.babypips.com/iconimage...method_ltr.gif My Basic Chart Analysis Method
  • #21,416
  • Aug 6, 2009 9:50am Aug 6, 2009 9:50am
Quoting KENNETH lEE
Allrighty then another chance to torture you. If you can't beat'em
Trading , We have other weapons.

http://www.canyonsburgercompany.com/...r_Crop_001.jpg

Want a Cheeseburger ??? Go ahead just one little bite !!!
It won't let me put the little guy drooling.
  • #21,417
  • Aug 6, 2009 9:51am Aug 6, 2009 9:51am
Quoting KENNETH lEE
I don't think it will effect you ... Might still hold on to them as part of your inheritance to your kids..

(IGM)[OIL] smashed to see NYMEX plunge over Usd 1 to a new session low at Usd 70.22 as the US...

[OIL] smashed to see NYMEX plunge over Usd 1 to a new session low at Usd 70.22 as the US FTC (Federal Trade Commission) issues a final rule to punish oil mkt manipulators at the whole sales level and face fines potentially up to Usd 1 mn a day. The violations includes false notice, data reporting, and output decisions in an attempt...
It's been my experience that everytime new rules or laws are invented that given enough time they'll find a way around them.
Hi, my name is Barry and you can keep your doctor...
  • #21,418
  • Aug 6, 2009 9:54am Aug 6, 2009 9:54am
Quoting cisco
Morning troops.
EO, the FTC just came out with their guidelines for oil trading to prevent market manipulation. The rule takes effect 11/1/09 ...
Quoting KENNETH lEE
I don't think it will effect you ... US FTC (Federal Trade Commission) issues a final rule to punish oil mkt manipulators ..
cisco, KENNETH lEE, anyone,
just curious, is this regulation the very first/unprecedented for the oil/commodities market? thanks!
  • #21,419
  • Aug 6, 2009 9:58am Aug 6, 2009 9:58am
Quoting supremeChaos
cisco, KENNETH lEE, anyone,
just curious, is this regulation the very first/unprecedented for the oil/commodities market? thanks!

Sorry I know nothing of other trading . Just saw Cisco mention of this and saw it come up on my news ticker. So posted as a service message.
Good Trading To All ; Ken Lee
  • #21,420
  • Aug 6, 2009 10:04am Aug 6, 2009 10:04am
Quote
I was over at another site looking up some of the meaning of
the dblhc (which was mentioned here by EO) and read your
excellent discussion on the subject.

Thanks,

Dr. D.

hey thanks for your kind words http://www.freesmileys.org/smileys/s...ashamed005.gif
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