Trade what you see NOT what you expect | Page 1105 | Forex Factory

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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 And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #22,081
  • Aug 10, 2009 3:50pm Aug 10, 2009 3:50pm
Quoting cisco
Looking at the monthly it seems like we should find support between here and 1.6365.
The pin on weekly is 50% retrace of overall trend, the body on the monthly thou bullish isnt healthy (small distance between open and close) diverence is there as well..

i think this could sink very quick..
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  • #22,082
  • Aug 10, 2009 3:53pm Aug 10, 2009 3:53pm
check this diverence out..
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  • #22,083
  • Aug 10, 2009 3:57pm Aug 10, 2009 3:57pm
Quoting nAVIN2007

i think this could sink very quick..
Don't worry...Obama will rescue us all!
Hi, my name is Barry and you can keep your doctor...
  • #22,084
  • Aug 10, 2009 4:08pm Aug 10, 2009 4:08pm
Quoting cisco
Don't worry...Obama will rescue us all!
Just digging in the trenches like everyone else!
  • #22,085
  • Aug 10, 2009 4:19pm Aug 10, 2009 4:19pm
hi guys. i wanted to let you guys know that i implemented some of the trading ideas and trade maangement set forth from this thread and I had the best trading day in a long time!!! Im not gloating coz I know what it feels like to lose like fridays nfp. but today i covered my trades by entering 2 positions and closing half of them and moving the stop to b/e.

Anyway I woke up super early to trade the london open coz i had to work today. i wanted to especialy thank ken who is continuacely trying to teach us. Ill talk to you guys later. I hope everyone still ended up with green pips.
  • #22,086
  • Aug 10, 2009 4:20pm Aug 10, 2009 4:20pm
Sorry today sucked so bad guys! I hope everyone had their risk under control and got in off the 6440 area long. Partial profit should have been booked on that position and the rest covered green.
Just digging in the trenches like everyone else!
  • #22,087
  • Aug 10, 2009 4:22pm Aug 10, 2009 4:22pm
Quoting johnnykanoo
hi guys. i wanted to let you guys know that i implemented some of the trading ideas and trade maangement set forth from this thread and I had the best trading day in a long time!!! Im not gloating coz I know what it feels like to lose like fridays nfp. but today i covered my trades by entering 2 positions and closing half of them and moving the stop to b/e.

Anyway I woke up super early to trade the london open coz i had to work today. i wanted to especialy thank ken who is continuacely trying to teach us. Ill talk to you guys later. I hope everyone...
Glad to hear you had a profitable day! Keep it up!
Just digging in the trenches like everyone else!
  • #22,088
  • Aug 10, 2009 4:32pm Aug 10, 2009 4:32pm
I'm outta here guys! I'll be back on later tonight.
Just digging in the trenches like everyone else!
  • #22,089
  • Aug 10, 2009 4:34pm Aug 10, 2009 4:34pm
Quoting eohater
I'm outta here guys! I'll be back on later tonight.
Have a good evening and we will see ya later.
  • #22,090
  • Aug 10, 2009 4:35pm Aug 10, 2009 4:35pm
Quoting eohater
Sorry today sucked so bad guys! I hope everyone had their risk under control and got in off the 6440 area long. Partial profit should have been booked on that position and the rest covered green.

You had a bad day to ???

Me to, was trading as if today would be flat the GU just kept going down, banning those dumb trades trying to play the range!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #22,091
  • Aug 10, 2009 6:09pm Aug 10, 2009 6:09pm
Quoting johnnykanoo
hi guys. i wanted to let you guys know that i implemented some of the trading ideas and trade maangement set forth from this thread and I had the best trading day in a long time!!! Im not gloating coz I know what it feels like to lose like fridays nfp. but today i covered my trades by entering 2 positions and closing half of them and moving the stop to b/e.

Anyway I woke up super early to trade the london open coz i had to work today. i wanted to especialy thank ken who is continuacely trying to teach us. Ill talk to you guys later. I hope everyone...

Way to Go John ,,

I started out well up, but end down.. Oh well Can't having winning without some loses.. tonight and tomorrow there will be other trades.
Good Trading To All ; Ken Lee
  • #22,092
  • Aug 10, 2009 6:12pm Aug 10, 2009 6:12pm
Quoting Turveyd
You had a bad day to ???

Me to, was trading as if today would be flat the GU just kept going down, banning those dumb trades trying to play the range!!
I guess you need to be SHOT then as per your signature
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #22,093
  • Aug 10, 2009 6:16pm Aug 10, 2009 6:16pm
Quoting djambazov84
I guess you need to be SHOT then as per your signature

Ready Aim Scrambled eggs...

http://www.cartoonstock.com/newscart.../ksmn1081l.jpg
Good Trading To All ; Ken Lee
  • #22,094
  • Aug 10, 2009 6:19pm Aug 10, 2009 6:19pm
Quoting KENNETH lEE
Ready Aim Scrambled eggs...

ohhh man,
would not mind at all some of em with a piece of extra thick bacon.
today`s GU range made me hungry
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #22,095
  • Aug 10, 2009 7:08pm Aug 10, 2009 7:08pm
Quoting djambazov84
I guess you need to be SHOT then as per your signature

I have been, I got my trading partner to shoot me close range in the ass seriously, it hurt to.


Only a BB ofcourse


Next time I think I BB to my leg up close and personal is deserved though, maybe it'll sink in then!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #22,096
  • Aug 10, 2009 7:47pm Aug 10, 2009 7:47pm
Took some more profit on my longs at 6515..
Patience + Discipline - Greed = Success
  • #22,097
  • Aug 10, 2009 7:51pm Aug 10, 2009 7:51pm
Quoting Infinity
Took some more profit on my longs at 6515..
You The Man....
Good Trading To All ; Ken Lee
  • #22,098
  • Aug 10, 2009 7:54pm Aug 10, 2009 7:54pm
hey guys i am sorry you had a down day, you guys are great traders and tomorrow youll be rolling in the green pips. i dont want to enjoy my vicrtory to much except to say it was alot due to ken and his management ideas that i implemented. honestly i never scale 5 positons but i did try to scale 2 and when i got to +20 i moved the stop to b/e and closed half. so it was a success.

Also I was watching the ma's which i am new at but i can see why they act as s/r and i felt i could gauge the market by how far she dipped into the ma's. if she hit the 5 she would back off that was a slow market. If she hit the 10 then she was moving a little. if she hit the 21 she had momentum and this was my first real day of trading this. I have a ton of learning to do and i look foward to trading with eo and infintiy hopefully tomorrow if time allows. i can see that you guys have connection and it is great to watch

have a good night guys, john
  • #22,099
  • Aug 10, 2009 8:08pm Aug 10, 2009 8:08pm
Timing looks good for a 1h slow stotch trade coming up. If it gets back up in overbought area fairly quickly she might not stay there long.
  • #22,100
  • Aug 10, 2009 8:09pm Aug 10, 2009 8:09pm
Hi eohater, (and everyone !)

I have read your PDF today. I really like this thread because it's 100% technical trading. I just would like to share with all of you in this thread some comments:

1. "Trade what you see" is a hard part of trading. That is why I have been trading at 90% based in technicals. I really believe if you follow technical indicators, ultimately you are following the market. Stop getting blind from emotions is the first step to get into profitability.

2. Trading only the GBP/USD is an interesting part. I recognize that having focus in only one pair is much better... and G/U always give nice opportunities. I have been experiencing hard time trading because lack of time. I travel from time to time and I lost lots of opportunities. I will try to focus on this pair and follow your thread.

3. As everyone here in this thread I have my own chart setup. I will share charts with you all my charts when possible. Interesting to see if we get similar results with different setups. I basically trade in 1-h and 4-h... but recently I am testing a 5-m system.

finally, just out of curiosity, is somebody in this thread trading-for-a-living only trading the G/U? I am not full time trader, but one day I would like to be....

OK, my best to everyone!

A.
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