Trade what you see NOT what you expect | Page 1154 | Forex Factory

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Trade what you see NOT what you expect

  • #23,061
  • Edited 7:19pm Aug 17, 2009 7:03pm | Edited 7:19pm
flat close on the 15m, 1 hr., and 4 hr., maybe south for a little

Guess that did not work out so GOOD!!
Please ask questions and share your experiences with us all!
  • #23,062
  • Aug 17, 2009 7:39pm Aug 17, 2009 7:39pm
Did anyone catch either of these
Attached Image (click to enlarge)
Click to Enlarge Name: gpdusdmisc.JPG Size: 89 KB
Good Trading To All ; Ken Lee
  • #23,063
  • Aug 17, 2009 8:00pm Aug 17, 2009 8:00pm
I'm short from 6374!
  • #23,064
  • Aug 17, 2009 9:25pm Aug 17, 2009 9:25pm
Quoting Shilva
I'm short from 6374!
I have a pending short on the Euro at 4192
  • #23,065
  • Aug 17, 2009 10:10pm Aug 17, 2009 10:10pm
Ken,
What do you do when the 35 is
between the 50's? Can a 35-50
cross work when a 50 comes first?

We're 4 min and 3 pips away.

Well, it didn't cross on the close.

Dr. D.
Attached Image
  • #23,066
  • Aug 17, 2009 10:15pm Aug 17, 2009 10:15pm
Quoting fourxtrader
Ken,
What do you do when the 35 is
between the 50's? Can a 35-50
cross work when a 50 comes first?

We're 4 min and 3 pips away.
Dr. D.

Yes you can it is just that One candle has to cross through both of .them I only have a 50 ema and 35 sma on my 15 Min.. don't have the 50 SMA but miss somethings that way.

Looks like it is closing right on the 50.. could turn back up.
Good Trading To All ; Ken Lee
  • #23,067
  • Aug 17, 2009 10:19pm Aug 17, 2009 10:19pm
Quoting KENNETH lEE
Yes you can it is just that One candle has to cross through both of .them I only have a 50 ema and 35 sma on my 15 Min.. don't have the 50 SMA but miss somethings that way.

Looks like it is closing right on the 50.. could turn back up.
Are you saying it should cross through both 50's
along with the 35 to qualify.

Yes, I see it didn't cross.

These words ring in my head from yesteryear....
"to anticipate a cross is to anticipate a loss".

Dr. D.
  • #23,068
  • Aug 17, 2009 10:24pm Aug 17, 2009 10:24pm
No wonder my 15m chart is so cluttered.
Here's where I got this two 50ma's, in EO's pdf manual:
POST 8: Here are the charts that I use and what I have applied to them. 15m: 10ema, 21ema, 35sma and 50sma
Note: Post 335 states:
I also run the 5ema, 50ema and 200sma The 50ema and 200sma are on all my charts.
Dr. D.
  • #23,069
  • Aug 17, 2009 10:27pm Aug 17, 2009 10:27pm
Quoting Shilva
I'm short from 6374!
Finally got to take a little profit and cover. Knew I should of held out for the 10ma on the 4h. Watch it come back and stop me out right before it drops 200! What will be will be. I am done till early NY session.
  • #23,070
  • Aug 17, 2009 10:31pm Aug 17, 2009 10:31pm
How is everyone this evening/morning for some and even afternoon!
Just digging in the trenches like everyone else!
  • #23,071
  • Aug 17, 2009 10:33pm Aug 17, 2009 10:33pm
Quoting Shilva
Finally got to take a little profit and cover. Knew I should of held out for the 10ma on the 4h. Watch it come back and stop me out right before it drops 200! What will be will be. I am done till early NY session.
Good job. Glad it went your way.
I was thinking about your short entry.

Dr. D.
  • #23,072
  • Aug 17, 2009 10:36pm Aug 17, 2009 10:36pm
Quoting eohater
How is everyone this evening/morning for some and even afternoon!
I've been in EO/PA 'study hall' all day.
Thought I gave that up 30 years ago.

Dr. D.
  • #23,073
  • Aug 17, 2009 10:37pm Aug 17, 2009 10:37pm
Quoting AmeriTrini
I have a pending short on the Euro at 4192
I hope you get that short order filled. I can see it very nicely on the h4!
Just digging in the trenches like everyone else!
  • #23,074
  • Aug 17, 2009 10:39pm Aug 17, 2009 10:39pm
Quoting fourxtrader
I've been in EO/PA 'study hall' all day.
Thought I gave that up 30 years ago.

Dr. D.
Have you learned anything?

I always enjoy learning more, especially when it comes to making more money!
Just digging in the trenches like everyone else!
  • #23,075
  • Aug 17, 2009 10:40pm Aug 17, 2009 10:40pm
EO,

Did you ever have the phrase, "I love ema's"
in your avitar.... maybe back in '08?

Thought I ran across your posts back then.

Dr. D.
  • #23,076
  • Aug 17, 2009 10:41pm Aug 17, 2009 10:41pm
Quoting eohater
Have you learned anything?

I always enjoy learning more, especially when it comes to making more money!
This decade I've chosen to learn proper
risk management once and for all. LOL

Dr. D.
  • #23,077
  • Aug 17, 2009 10:42pm Aug 17, 2009 10:42pm
Quoting fourxtrader
EO,

Did you ever have the phrase, "I love ema's"
in your avitar.... maybe back in '08?

Thought I ran across your posts back then.

Dr. D.
Never had that phrase, but I do love my ma's!
Just digging in the trenches like everyone else!
  • #23,078
  • Aug 17, 2009 10:45pm Aug 17, 2009 10:45pm
Quoting fourxtrader
This decade I've chosen to learn proper
risk management once and for all. LOL

Dr. D.
If you can keep it within 2-3% you'll be fine. Just know what your SL is going to be before you enter a position. I posted a while back an adjustment to an Excel Chart that Infinty posted that takes your account size and tells you your risk % and the number of pip SL based upon your price per pip. Essentially, if your entering a position and your SL is tight, say 20 pips, then you should be able and willing to put the same 2-3% at risk on that trade as you would if you had a SL of 50 pips keeping your risk to 2-3% on both trades. Long and the short of it, your pip value should be worth more on the 20pip SL trade vs the 50pip SL trade.
Just digging in the trenches like everyone else!
  • #23,079
  • Aug 17, 2009 10:46pm Aug 17, 2009 10:46pm
And what do we have developing
here on a 4h chart?

Dr. D.
Attached Image
  • #23,080
  • Aug 17, 2009 10:52pm Aug 17, 2009 10:52pm
Quoting eohater
If you can keep it within 2-3% you'll be fine. Just know what your SL is going to be before you enter a position. I posted a while back an adjustment to an Excel Chart that Infinty posted that takes your account size and tells you your risk % and the number of pip SL based upon your price per pip. Essentially, if your entering a position and your SL is tight, say 20 pips, then you should be able and willing to put the same 2-3% at risk on that trade as you would if you had a SL of 50 pips keeping your risk to 2-3% on both trades. Long and the short...
Yes I like the cleaner entries and smaller
stops. I'll look for the Excel Chart.

Dr. D.
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