Trade what you see NOT what you expect | Page 1209 | 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 NOT what you expect

  • #24,161
  • Aug 25, 2009 1:35pm Aug 25, 2009 1:35pm
Quoting davids
Nice one bro

Some woke the bear up
oh yea those cymbals would help wake up them bears @153.60 level on my dragon bro lol. Bloody hell it's the 5th test that level has had and it stood. Tho we had a new low since august 17th (by 2 pips can you believe that!), I suppose we'll have a chance of a continuation tomorrow.
Else, oh screw everything else
Thank You
  • #24,162
  • Aug 25, 2009 1:38pm Aug 25, 2009 1:38pm
Quoting eohater
That makes more sense, but I still cannot see how you can say the daily trend is up.
I have put the Shi-channels back on my chart, and if you look at the daily, we are at the bottom of an uptrend. I know i have seen posts in the PDF, or maybe from Ken that show channels, so I dont think your totally against channels, but please let me know otherwise.

Now that being said, I am sure that the trade was probably not correct based on all of the bashing, and since the predominant flow has been negative today. I was not able to trade during the morning, other than checking on the EJ shorts (BTW, thanks for pointing those out, I got in at 135.15, out of the 1st have at 134.5x, and out of the 2nd half at 134.10 area) so I was probably just too anxious for a trade.


http://i159.photobucket.com/albums/t...ng/DailyGu.jpg
Makin my way, the only way I know how...
  • #24,163
  • Aug 25, 2009 1:43pm Aug 25, 2009 1:43pm
Quoting eohater
I agree bro!

Ryan's on Holiday until mid September with the family.
okay, I was wondering where he was ... hope he's having a great one
Thank You
  • #24,164
  • Aug 25, 2009 1:46pm Aug 25, 2009 1:46pm
Quoting wormboy
oh yea those cymbals would help wake up them bears @153.60 level on my dragon bro lol. Bloody hell it's the 5th test that level has had and it stood. Tho we had a new low since august 17th (by 2 pips can you believe that!), I suppose we'll have a chance of a continuation tomorrow.
Else, oh screw everything else

  • #24,165
  • Aug 25, 2009 1:48pm Aug 25, 2009 1:48pm
Quoting husky_1
I have put the Shi-channels back on my chart, and if you look at the daily, we are at the bottom of an uptrend. I know i have seen posts in the PDF, or maybe from Ken that show channels, so I dont think your totally against channels, but please let me know otherwise.

Now that being said, I am sure that the trade was probably not correct based on all of the bashing, and since the predominant flow has been negative today. I was not able to trade during the morning, other than checking on the EJ shorts (BTW, thanks for pointing those out, I got...
I use channels on all my charts without a doubt along with trendlines. But, look at this chart, channels are all based upon the eye of the drawer. One could contest that since we broke the trendline in the middle of the chart, that now it's time to go back down. Their are so many arguments for direction, that I just don't give a shit. It's going to move east and in it's journey it's going to ebb and flow letting price action lead the way.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 28 KB
Just digging in the trenches like everyone else!
  • #24,166
  • Aug 25, 2009 1:49pm Aug 25, 2009 1:49pm
Quoting wormboy
okay, I was wondering where he was ... hope he's having a great one
I hope he is as well. I've not bothered him, I know he needs some relaxation right now very badly!
Just digging in the trenches like everyone else!
  • #24,167
  • Aug 25, 2009 1:54pm Aug 25, 2009 1:54pm
Quoting eohater
I use channels on all my charts without a doubt along with trendlines. But, look at this chart, channels are all based upon the eye of the drawer. One could contest that since we broke the trendline in the middle of the chart, that now it's time to go back down. Their are so many arguments for direction, that I just don't give a shit. It's going to move east and in it's journey it's going to ebb and flow letting price action lead the way.
We might have to wait an hour before the show gets under way as the dow is bouncing around atm
  • #24,168
  • Aug 25, 2009 1:59pm Aug 25, 2009 1:59pm
david, eo : okay guys take care, I need to
I'll catch up with you guys again. Have a good one!

doing a great job here eo, much respect
Thank You
  • #24,169
  • Aug 25, 2009 2:00pm Aug 25, 2009 2:00pm
Quoting albchr
Only wish I could trade in both directions at the same time though. Can only do that with a second account....
I was going to post about IBFX when I saw you wanted to go long and short at the same time, but as you are already with them, even better, could you not open a second account with them and then transfer some of your funds from the account you have now to the new one. As there is now no minimum deposit for any of their accounts you should be able to do that.
  • #24,170
  • Aug 25, 2009 2:00pm Aug 25, 2009 2:00pm
Quoting eohater
It's going to move east and in it's journey it's going to ebb and flow letting price action lead the way.
I completely agree its all about the eye of the beholder and there are many way to argue the trend and when its broken.

At the end I am just looking to learn this threads method of trading. My execution will have its mistakes, and am hoping that you guys would/will provide feedback as to why my idea was bad, not just that it was bad idea.
Makin my way, the only way I know how...
  • #24,171
  • Aug 25, 2009 2:02pm Aug 25, 2009 2:02pm
Quoting wormboy
david, eo : okay guys take care, I need to
I'll catch up with you guys again. Have a good one!

doing a great job here eo, much respect
Nice seeing you mate chat to you soon
sleep well
  • #24,172
  • Aug 25, 2009 2:05pm Aug 25, 2009 2:05pm
Quoting husky_1
I completely agree its all about the eye of the beholder and there are many way to argue the trend and when its broken.

At the end I am just looking to learn this threads method of trading. My execution will have its mistakes, and am hoping that you guys would/will provide feedback as to why my idea was bad, not just that it was bad idea.
We're not going to beat you over a drum! H1 is bullish now, we have tweezer bottoms.
Just digging in the trenches like everyone else!
  • #24,173
  • Aug 25, 2009 2:05pm Aug 25, 2009 2:05pm
Quoting wormboy
david, eo : okay guys take care, I need to
I'll catch up with you guys again. Have a good one!

doing a great job here eo, much respect
Thank you brother! You have my same respect as well!

Rest well!
Just digging in the trenches like everyone else!
  • #24,174
  • Aug 25, 2009 2:06pm Aug 25, 2009 2:06pm
Due to a lack of motivation by the traders, the remainder of this trading day has been called off.

Sincerely,

Buster Hymen

Hi, my name is Barry and you can keep your doctor...
  • #24,175
  • Aug 25, 2009 2:07pm Aug 25, 2009 2:07pm
Quoting cisco
Due to a lack of motivation by the traders, the remainder of this trading day has been called off.

Sincerely,

  • #24,176
  • Aug 25, 2009 2:08pm Aug 25, 2009 2:08pm
Quoting davids
Take care! See you tomorrow!
Just digging in the trenches like everyone else!
  • #24,177
  • Aug 25, 2009 2:09pm Aug 25, 2009 2:09pm
Quoting eohater
We're not going to beat you over a drum! H1 is bullish now, we have tweezer bottoms.
Looks like I got lucky....lets see what happens
Makin my way, the only way I know how...
  • #24,178
  • Aug 25, 2009 2:09pm Aug 25, 2009 2:09pm
Quoting eohater
Take care! See you tomorrow!
Hey I am not going anywhere
  • #24,179
  • Aug 25, 2009 2:10pm Aug 25, 2009 2:10pm
Quoting davids
Hey I am not going anywhere
I'm not leaving yet either! I will be cutting out shortly though, I need to run a couple of errands before I head home tonight.
Just digging in the trenches like everyone else!
  • #24,180
  • Aug 25, 2009 2:11pm Aug 25, 2009 2:11pm
Quoting luckylady
I was going to post about IBFX when I saw you wanted to go long and short at the same time, but as you are already with them, even better, could you not open a second account with them and then transfer some of your funds from the account you have now to the new one. As there is now no minimum deposit for any of their accounts you should be able to do that.
I could but I have a pretty small account and doing so still doubles the margin requirements. I have thought about it though and figured once I built this account up a little bigger I might.

For the most part, I'm pretty content with trading just one way as "most" of my trades don't last that long. But every once in a while, when locked in nice profit one way, it would be nice to have the option of trading EO's way in the other direction as price ebbs and flows...lol

As I'm learning I try to stay focused on just 1 or 2 pairs but I guess it's also possible to trade pairs that oppose one another.
Ghost Rider - WWTBMD?
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