Trade what you see NOT what you expect | Page 1144 | 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

  • #22,861
  • Edited 5:49am Aug 16, 2009 5:31am | Edited 5:49am
Quoting KENNETH lEE
It's funny I can't save yours because it is a DOC, file .. oh well people will figure it out if they want to... Again thanks Ken.
Yes, if all you have is Word-pad, an MS Word (doc) won't open in that. However, I have MS Word and can save it in many other formats as well.

I have Word-pad as well and your "text" document once saved to the computer will open in Word-pad fine when you right click on it and use the "open with" command. The default format for Word-pad is .RTF but saving it as that messes up all the formating...lol

I also put your charts in the Document as well now.
Ghost Rider - WWTBMD?
  • #22,862
  • Aug 16, 2009 6:02am Aug 16, 2009 6:02am
Being caught between these two TL's is what is bothering me, she did just bounce off the 50% retracement of this move from 7/13/08, which is also where I drew the TL from. These last two weeks of the month could be tricky with most traders on vacation.

Hope everyone is doing well, school starts tomorrow, so you will see me even less on the forum......

Maybe a quick pop-in on Fridays for Happy Hour.

HOLLA
Attached Image
  • #22,863
  • Aug 16, 2009 6:12am Aug 16, 2009 6:12am
Here is a addition to the previous document . Since I had so many issues with the previous one this is just a jpg . You can sve it open it select all and do with it what you may. LOL . but it will open in fax viewr and you can zoom into it.

Man I guess I should be awake before typing, not realy it doesn't help... Sorry for the crap... Also in that last paragraph we could be taking positions in the direction of that retrace to the middle of the 4 Hr, We don't have to sit on our hands . Because we trade with the market. Be one with the charts,, Flow and twist and turn with it. It is like a dance and once we learn the moves we will quit stepping on our own feet..
Attached Image (click to enlarge)
Click to Enlarge Name: More trading info..JPG Size: 354 KB
Good Trading To All ; Ken Lee
  • #22,864
  • Aug 16, 2009 7:49am Aug 16, 2009 7:49am
Quoting albchr
Good morning Ken,

I wanted to contribute at least a little something to the thread so I hope you don't mind me reformatting your AWESOME text document into a word format.

I had to edit a some spaces and tabs out and did a small amount of spelling correction but other than that, I left it the way you had it set up.

Thanks for all your great work, time and effort....

Chris

EDIT: I've included Ken's charts in this Word Documnet as well now

Chris,

When I read Ken's work late last night I knew
I wanted to keep this in a file that was more
readable and readily accessible so I did the same...
editing out all the tabs, etc. and placing it into
an MS Works doc.

At this point I can't pull up your charts in your
doc preparation nor can I send them from the
thread to my doc. I'll try it on another PC which
has MS Word if that would make any difference.

Is there a way to get all of this into a .pdf format?

Good job, that takes alot of work. More of these
available materials should increase interest in this
trading method and thread.

Now how to convert Ken's .jpg addition into a MS Word
file?


Dr. D.
  • #22,865
  • Aug 16, 2009 8:01am Aug 16, 2009 8:01am
Quoting KENNETH lEE
Here is a addition to the previous document . Since I had so many issues with the previous one this is just a jpg . You can sve it open it select all and do with it what you may. LOL . but it will open in fax viewr and you can zoom into it.

Man I guess I should be awake before typing, not realy it doesn't help... Sorry for the crap... Als..."o in that last paragraph we could be taking positions in the direction of that retrace to the middle of the 4 Hr, We don't have to sit on our hands . Because we trade with the market. Be one with the charts,,...
Ken,

I appreciate what you have to share.....
no matter how it is displayed.

You said something key earlier...
"people will figure it out if they want to..."

Dr. D.


  • #22,866
  • Aug 16, 2009 8:10am Aug 16, 2009 8:10am
Quoting fourxtrader
Chris,

When I read Ken's work late last night I knew
I wanted to keep this in a file that was more
readable and readily accessible so I did the same...
editing out all the tabs, etc. and placing it into
an MS Works doc....
I appolgize for my lack of document construction skills , It is funny I used to have to create Power Point Presentations and mega reports. But without the proper software it is a struggle.

All the posts can be opened and once you get them open you can select all and copy into your mouse then move them into anything. The Jpg,s once open can be done the same way then just pasting into your doc as a pic. Under insert object.

I had been posting everything as JPG as then everyone could then view them with there fax viewer allowing zooming and etc. But any RTF files can be opened with word pad and it allows the additon of Pictures now, New improvement. Any way you all seem to have it under control..

Take care and have a nice Sunday Ken
Good Trading To All ; Ken Lee
  • #22,867
  • Aug 16, 2009 8:13am Aug 16, 2009 8:13am
Quoting fourxtrader
Chris,

When I read Ken's work late last night I knew
I wanted to keep this in a file that was more
readable and readily accessible so I did the same...
editing out all the tabs, etc. and placing it into
an MS Works doc....

Click on the charts a couple of times they will open into a seperate window once you have them there they can be copied.
Good Trading To All ; Ken Lee
  • #22,868
  • Aug 16, 2009 9:11am Aug 16, 2009 9:11am
Good job Ken!

I may not be able to trade tonight. We are expecting 50 knot winds and a bunch of rain from this soon to be tropical storm. It is expected to make landfall just west of me. It shouldn't be anything to bad but I'm sure I will have some power outage. Trade well everyone and hopefully I'll be able to grab a few pips.
  • #22,869
  • Aug 16, 2009 9:23am Aug 16, 2009 9:23am
Quoting PippiNole
Good job Ken!

I may not be able to trade tonight. We are expecting 50 knot winds and a bunch of rain from this soon to be tropical storm. It is expected to make landfall just west of me. It shouldn't be anything to bad but I'm sure I will have some power outage. Trade well everyone and hopefully I'll be able to grab a few pips.

Make sure you keep all that stuff up there with you.. I don't need no stinking storms this year at all.. Be Safe Ken
Good Trading To All ; Ken Lee
  • #22,870
  • Aug 16, 2009 12:37pm Aug 16, 2009 12:37pm
Quoting fourxtrader
Chris,

At this point I can't pull up your charts in your
doc preparation nor can I send them from the
thread to my doc. I'll try it on another PC which
has MS Word if that would make any difference.

Is there a way to get all of this into a .pdf format?
Hi Dr. D,

Not sure why you're having trouble with the charts. The DOC file should open fine with MS Word 2007 or later.

But, PDF? Your wish is my command. (As long as I did it right...LOL)
Attached File(s)
File Type: pdf Forex Trader Job Description.pdf   562 KB | 649 downloads
Ghost Rider - WWTBMD?
  • #22,871
  • Aug 16, 2009 1:03pm Aug 16, 2009 1:03pm
It's 2 weeks now since the new NFP rules took effect. I've always believed it was better to play by the rules and learn how to "play the game" then to "buck the system" ..........so i have been trying to embrace these new rules and the new lingo!

This FIFO stuff, 1st in...1st out! That changes the whole lot of strategies and definitely creates a new challenge.

I have 2 accounts with the same broker. One i buy with and one i sell with. This lets me trade in both directions simply by switching between accounts. That solves that problem.

Here is where FIFO comes in......I had a nice 3 lot short position that was up 100 pips. I had added a 1 lot short position later in the day that was up 50. I wanted to close the 50 pip trade completely and scale back the 100 piper and let some of it carry over the weekend. ........but noooooooo!

I had to close out the entire 3 lot trade in order to manage the most recent trade or....... place one 4 lot entry buy stop just below the most recent trade to cover both positions.

Basically i was forced to close all trades and put the money in the bank. Good or bad i have not decided but.............. It seems to have gotten a whole lot harder to build on a position and take profits along the way. You have to close out all your longer trades before you can close out any of your most recent. There seems to be no way to put a stop on your most recent trade without closing all your positions. At least i cannot figure it out.....if there is.

I suppose i could open 6 accounts with my broker and try flipping around all that mess

Been reading broker web sites all day. They all comply with the new NFA rules. I did send one some money that says they have a UK office.....but hate to go back those guys.

Anybody else having these issues???

Or comments on how they effect trading tragedy!
  • #22,872
  • Aug 16, 2009 1:12pm Aug 16, 2009 1:12pm
Quoting Shilva
It's 2 weeks now since the new NFP rules took effect. I've always believed it was better to play by the rules and learn how to "play the game" then to "buck the system" ..........so i have been trying to embrace these new rules and the new lingo!

This FIFO stuff, 1st in...1st out! That changes the whole lot of strategies and definitely creates a new challenge....

Got to move your broker out of the USA basically, thats the only answer, stupid rules hidden under the it's to protect us.

Free Country / World / Market LOL laughable isn't it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #22,873
  • Aug 16, 2009 1:29pm Aug 16, 2009 1:29pm
Quoting Shilva
It's 2 weeks now since the new NFP rules took effect. I've always believed it was better to play by the rules and learn how to "play the game" then to "buck the system" ..........so i have been trying to embrace these new rules and the new lingo!

This FIFO stuff, 1st in...1st out! That changes the whole lot of strategies and definitely creates a new challenge.

I have 2 accounts with the same broker. One i buy with and one i sell with. This lets me trade in both directions simply by switching between accounts. That solves that...
I trade with GFT and Oanda and have none of those issues. It really was Paperwork issue by the brokers. I never got a notice from either. And nothing has changed.. I think some people don't write there on software and are at the mercy of the programers..
Good Trading To All ; Ken Lee
  • #22,874
  • Aug 16, 2009 1:45pm Aug 16, 2009 1:45pm
Quote
Here is where FIFO comes in......I had a nice 3 lot short position that was up 100 pips. I had added a 1 lot short position later in the day that was up 50. I wanted to close the 50 pip trade completely and scale back the 100 piper and let some of it carry over the weekend. ........but noooooooo!

I had to close out the entire 3 lot trade in order to manage the most recent trade or....... place one 4 lot entry buy stop just below the most recent trade to cover both positions.

can't you just buy say 1 lot then the platform would automatically close that much short. that is what gft does.

if i am short 300,000 and i long 100,000 all it does is close 100,000 of my short.

i don't know if this helps.
  • #22,875
  • Aug 16, 2009 1:46pm Aug 16, 2009 1:46pm
chris thanks for printing kens post to pdf, i couldnt open the .doc file either and im running vista.
  • #22,876
  • Aug 16, 2009 2:14pm Aug 16, 2009 2:14pm
Quoting johnnykanoo
chris thanks for printing kens post to pdf, i couldnt open the .doc file either and im running vista.

Hmmm.......That's really odd. I have MS Word 2005 on my XP desktop and MS Word 2007 on my Vista laptop and both open it fine?

Oh well, as long as the pdf works...
Ghost Rider - WWTBMD?
  • #22,877
  • Aug 16, 2009 2:53pm Aug 16, 2009 2:53pm
Quoting Shilva
It's 2 weeks now since the new NFP rules took effect. I've always believed it was better to play by the rules and learn how to "play the game" then to "buck the system" ..........so i have been trying to embrace these new rules and the new lingo!

This FIFO stuff, 1st in...1st out! That changes the whole lot of strategies and definitely creates a new challenge....
I'm with IBFX and this is what it says on my statement:
The account statement above is an actual representation of the trading occurring in your IBFX trading account for the day or month indicated. Trades placed in your account, and shown on your account statement, have been offset First In First Out (“FIFO”) as required by NFA Compliance Rule 2-43(b). What this means for you is older trades of the same size and symbol are always offset before newer trades of that size and symbol.

I was assuming that it means if I have one trade for 1 lot and one for 3 lots then they wouldn't be treated the same, but not sure until I try it out.
  • #22,878
  • Aug 16, 2009 3:45pm Aug 16, 2009 3:45pm
Here we can see in the GBP/USD and EUR/JPY . That the PPA from Fridays low held and priced turned back up. enough movement has accord already to have locked in some profits and covered (moving stop to Break Even or +2)
Now if it should turn against you the profits are locked in.. But if it conitnues up you have entered at the best price available. with little risk.. stop would be below the lows..
Attached Image (click to enlarge)
Click to Enlarge Name: Misc EJ Chart a.JPG Size: 236 KB
Good Trading To All ; Ken Lee
  • #22,879
  • Aug 16, 2009 4:39pm Aug 16, 2009 4:39pm
yea chris for some reason vista is "quirky" i have a laptop with vista and a desktop. the laptop won't open doc. files from the desktop but will open older versions of word doc's???

Anyway your pdf was very readable and I thank you
  • #22,880
  • Aug 16, 2009 4:42pm Aug 16, 2009 4:42pm
Hey if your having problem trying to open word documents, it was probably made on office 2007. You might have a previous version. If you do then you must download the Microsoft Office Compatibility Pack. See link below for it.

http://office.microsoft.com/en-us/pr...686761033.aspx
14 traders viewing now