Trade what you see NOT what you expect | Page 1134 | Forex Factory

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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

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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

  • #22,661
  • Aug 13, 2009 1:50pm Aug 13, 2009 1:50pm
Quoting PippiNole
What the ____ are you talking about you bleeping bleep.

What the heck you do now ? Darn it all to heck.. I stay away and miss all the fireworks.... You Pip Snatching, Chart Sniffing B@$!@&D ...
Good Trading To All ; Ken Lee
  • #22,662
  • Aug 13, 2009 1:55pm Aug 13, 2009 1:55pm
Quoting fourxtrader
Would that be the following?: (taken from the EO pdf manual pg 6)


c) "5-o’clock somewhere" bounce
When the MA’s are all lined up and pointing steeply up or steeply down (ie if it were the hand of a clock it would be pointing at the 1 or the 5 on the clock face), trade bounces off the 5/10MAs in direction of the trend/MA’s.

Glance at the E/J 15 min and you will see the 5:00 layed out . coming off the 10 ema for the last 3 hrs.. pointing to 5:00
http://etc.usf.edu/clipart/33100/331...0_33174_lg.gif
Good Trading To All ; Ken Lee
  • #22,663
  • Aug 13, 2009 1:55pm Aug 13, 2009 1:55pm
Quoting eohater
Sorry I didn't want you to feel like you were missing out on anything.

I agree totally with your feelings about your home here and want to thank you again for dedicating your time, knowledge and experience to helping all of us on here.
  • #22,664
  • Aug 13, 2009 1:58pm Aug 13, 2009 1:58pm
Quoting eohater
I love my home here guys!

No pissing, yelling, name calling or any of that garbage that goes on in another thread we all know about.

Thank you!
I can not say anything else, just CONGRATULATIONS!!!! and many THANKS!!!
  • #22,665
  • Aug 13, 2009 2:02pm Aug 13, 2009 2:02pm
Quoting KENNETH lEE
Glance at the E/J 15 min and you will see the 5:00 layed out . coming off the 10 ema for the last 3 hrs.. pointing to 5:00
Exactly! Nice Ken!
Just digging in the trenches like everyone else!
  • #22,666
  • Aug 13, 2009 2:02pm Aug 13, 2009 2:02pm
I got short way late but it is playing out ok now, short at 1.6571 and I have a very optomistic t/p at 1.6445 but may change that if I get a good reversal sign.I may not see that until early tomorrow.
Please ask questions and share your experiences with us all!
  • #22,667
  • Aug 13, 2009 2:03pm Aug 13, 2009 2:03pm
Quoting KENNETH lEE
What the heck you do now ? Darn it all to heck.. I stay away and miss all the fireworks.... You Pip Snatching, Chart Sniffing B@$!@&D ...
That's Mr. B@$!@&D to you buddy!
  • #22,668
  • Aug 13, 2009 2:03pm Aug 13, 2009 2:03pm
Quoting eohater
It doesn't really fall in that catagory for me, but I can see what your saying. What the 1 and 5 are referring to are on the m15 when she is trending and people don't know what the trend is and when to get it. Right now on the m15, all ma's are flat and going east which supports this range we're currently in. When she breaks the range, then you will see the ma's starting to point.
Just trying to understand. So what constituted
your earlier trade setup call in the charts to go short?

Any of these listed in your pdf manual?:

a) Pin/Doji/PA/Hangman reversal
b) 15m-35-50MA cross and reverse
c) "5-o’clock somewhere" bounce
d) 1hr 62EMA bounce
e) 15m-35-50MA spike through

or some other pattern or simply from PA and
experience?
You mentioned your PO didn't get filled.

Thanks,

Dr. D.
  • #22,669
  • Aug 13, 2009 2:05pm Aug 13, 2009 2:05pm
I've gotta go guys! Somethings come up, everything is fine, just need to take care of this over trading for the time being.

I'll be back on tonight.

Trade well everyone!

BTW Pippi! I'm grabbed 10 off the mistress, but closing it so I don't break the rule. I went long at 135.71
Just digging in the trenches like everyone else!
  • #22,670
  • Aug 13, 2009 2:06pm Aug 13, 2009 2:06pm
My last trade for today, time to sleep, i short again for a second time ej, my entry, i used ma21 on M5 (135.89), but before for the first short on ej, i used the ma35 (cross of ma35 and 50) at 136.810 also on M5, i used M5 for my entry and exit but during the trade i use the candle pattern on M15.
Trade with the momentum
  • #22,671
  • Aug 13, 2009 2:07pm Aug 13, 2009 2:07pm
Quoting fourxtrader
Just trying to understand. So what constituted
your earlier trade setup call in the charts to go short?

Any of these listed in your pdf manual?:

a) Pin/Doji/PA/Hangman reversal
b) 15m-35-50MA cross and reverse
c) "5-o’clock somewhere" bounce
d) 1hr 62EMA bounce
[i][size=2][color=#0000ff][b]e)...
Our h4 that closed 3hrs ago is what put my desire to be short and to set the PO when I was away.

I'll explain more tonight, I've gotta go, sorry!
Just digging in the trenches like everyone else!
  • #22,672
  • Aug 13, 2009 2:08pm Aug 13, 2009 2:08pm
Quoting KENNETH lEE
Glance at the E/J 15 min and you will see the 5:00 layed out . coming off the 10 ema for the last 3 hrs.. pointing to 5:00
http://etc.usf.edu/clipart/33100/331...0_33174_lg.gif
Oh ya, that looks familiar. Like something
from a time capsule with a wrist attached. LOL

Dr. D.
  • #22,673
  • Aug 13, 2009 2:09pm Aug 13, 2009 2:09pm
Quoting eohater
I've gotta go guys! Somethings come up, everything is fine, just need to take care of this over trading for the time being.

I'll be back on tonight.

Trade well everyone!

BTW Pippi! I'm grabbed 10 off the mistress, but closing it so I don't break the rule. I went long at 135.71
Have a good evening. See ya later you pip cheater.
  • #22,674
  • Aug 13, 2009 2:10pm Aug 13, 2009 2:10pm
Quoting eohater
Our h4 that closed 3hrs ago is what put my desire to be short and to set the PO when I was away.

I'll explain more tonight, I've gotta go, sorry!


No need. Answer was good enough.

Thanks,

Dr. D.
  • #22,675
  • Aug 13, 2009 2:19pm Aug 13, 2009 2:19pm
for some reason i feel that unless we see fall today in US indices and rise in dollar we will see it tomorrow.

just a feeling but i smell sell off
  • #22,676
  • Aug 13, 2009 2:20pm Aug 13, 2009 2:20pm
Hi Guys

Long time lurker, long time learner.
I have noticed through reading the thread (as opposed to that other one) a reference to stocks in relation to how it helps to hold and drop the price on cable ( I hope that make sense), can someone please point me towards the relevant one, is it the S&P or the DJI. Any help would be great and if you could, do you know what the symbol is for it on metatrader. I am using SigTrader as a broker if that helps.

Thanks again for all your help and hope to become more of a poster than a lurker.

Wayne - UK
  • #22,677
  • Aug 13, 2009 2:22pm Aug 13, 2009 2:22pm
Quoting eohater
Time for some lunch for me guys! I think my spine is eating my stomach. I'll be back in about an hour!
It's supposed to be...'my backbone feels like it's rubbing my belly button.'

If you're going to steal my material at least get it right!
Hi, my name is Barry and you can keep your doctor...
  • #22,678
  • Aug 13, 2009 2:22pm Aug 13, 2009 2:22pm
Quoting sailor68
My last trade for today, time to sleep, i short again for a second time ej, my entry, i used ma21 on M5 (135.89), but before for the first short on ej, i used the ma35 (cross of ma35 and 50) at 136.810 also on M5, i used M5 for my entry and exit but during the trade i use the candle pattern on M15.
Good explanations. Easy to follow on the EJ chart.

  • #22,679
  • Aug 13, 2009 3:01pm Aug 13, 2009 3:01pm
I've traded stocks and forex during the past
10 years and have been most interested
in Japanese Candlestick chart patterns for
trading. They haven't been as useful alone in
the forex like the stock market but I have never
seen anything as extreme like this pattern that
showed up on more than one currency chart
with the FOMC this past week.

Has to be an anomaly... sign of the times and
things to come in this crazy world.

Here's the EJ 1h which had nearly a 200 pip
movement only to return close to its initial position.

Also a chart sample of the long legged doji.

http://www.candlesticker.com/images/11FIG.gif

Dr. D.
Attached Image
  • #22,680
  • Aug 13, 2009 3:09pm Aug 13, 2009 3:09pm
This was even better.... but isn't the GJ
more in the extreme than all others?

230 pips between High and Low
and only 3 pips between Open and Close


Dr. D.
Attached Image
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