Trade what you see NOT what you expect | Page 1212 | 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

How do you see trading - Do you see it as a means to an end? 12 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

  • #24,221
  • Aug 26, 2009 2:26am Aug 26, 2009 2:26am
Got in GU at 6323. I know I'm a jumper, but with green pips..
  • #24,222
  • Aug 26, 2009 2:28am Aug 26, 2009 2:28am
Quoting eohater
You should be able to maintain 30%. Once you get you base account where you want it, you might want to back off, but I've started plowing again on my whole account instead of the base and I'm loving trading again.

Alright, now I'm out, I'll see everyone later.

Cover your trades, take profit and don't enter if you don't know why.
Its such a breath of fresh air to have a trader with your reputation talking about 30% a week! There are so many on here that say its impossible to make that sort of percentage and I should only be looking for 20% a year, it made my day reading this post.
  • #24,223
  • Aug 26, 2009 2:31am Aug 26, 2009 2:31am
Quoting PippiNole
35/50 on EJ was good for 22 in the bank but I missed the long off 6300 on GU.
40 in the bank now!
  • #24,224
  • Aug 26, 2009 2:39am Aug 26, 2009 2:39am
Back to bed for me. Trade safe everyone.
  • #24,225
  • Aug 26, 2009 2:43am Aug 26, 2009 2:43am
Quoting luckylady
Its such a breath of fresh air to have a trader with your reputation talking about 30% a week! There are so many on here that say its impossible to make that sort of percentage and I should only be looking for 20% a year, it made my day reading this post.

I get in trouble all the time over in Baby Pips .. I keep telling them if all the want is 20% sell cars.. Your right there talking as low as 10% a year.. If you have a great day here it can be 20% a day. has happened . Especially those that trade both pairs. or Like David The Dollar / Swiss Krona. That one will take a while for me to even look at..

I have said it before that 20% is only 40 pips a day trading $1 per $1000 of your ballance. 3% risk is a 30 pip stop. Most single trades are over that and taking many a day.. even if you have losses. Just don't stop. Just take a breath and look for a perfect setup and get back in.

Many people lose just from that. They take a loss then sit on the side during best trading hours. Then try when it gets choppy later after it slows down and take more loses. You weren't wrong it is part of the game you have to lose a few.

Enough rambling on..
Good Trading To All ; Ken Lee
  • #24,226
  • Aug 26, 2009 2:44am Aug 26, 2009 2:44am
Quoting PippiNole
Back to bed for me. Trade safe everyone.

See ya..
Good Trading To All ; Ken Lee
  • #24,227
  • Aug 26, 2009 3:11am Aug 26, 2009 3:11am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
Hello all, I've been lurking for a few weeks now and just wanted to say that this is a truly motivating thread. After blowing a live account (probably happens to at least 60% of the 5% at least in the beginning), I haven't felt the desire to even demo trade on a nightly basis until seeing eo, ken, and infinity chatting it up.

Look forward to hanging around while I get back into the full swing of things.
  • #24,228
  • Aug 26, 2009 4:20am Aug 26, 2009 4:20am
Quoting KENNETH lEE
I get in trouble all the time over in Baby Pips .. I keep telling them if all the want is 20% sell cars.....
Thanks Ken Exactly my way of thinking.
  • #24,229
  • Aug 26, 2009 5:20am Aug 26, 2009 5:20am
hello all
today we will see shorts?
I take short at 6319. now cover to BE..
  • #24,230
  • Aug 26, 2009 5:21am Aug 26, 2009 5:21am
Quoting luckylady
Thanks Ken Exactly my way of thinking.
I agree with this, usually the argument is "Look at the best hedge funds in the world ... blah blah". A trader with a smaller account and a hedge fund with a massive account are two different things and cant be compared. We can get in and out the market easily without our orders soaking up the order flow and moving price. Once you build your account you can start to take less trades maybe on the higher TF.


Regards

Mark
I hear and I forget. I see and I remember. I do and I understand.
  • #24,231
  • Aug 26, 2009 5:23am Aug 26, 2009 5:23am
Quoting KENNETH lEE
Many people lose just from that. They take a loss then sit on the side during best trading hours. Then try when it gets choppy later after it slows down and take more loses. You weren't wrong it is part of the game you have to lose a few.

Enough rambling on..
Not Rambling my friend, the absolute truth. Ken, you've hit "my" nail right on the head with this. I couldn't believe as I was reading it how much it fit me. I've done this SO many times. Take a loss, sit for hours watching good pips go by all the while saying "I'd go short here, I'd go long here" and watch them work out well. Then say to myself "this is stupid letting all this money go by" and then get in for another loss....

So true buddy, SO TRUE! ..
Ghost Rider - WWTBMD?
  • #24,232
  • Aug 26, 2009 6:12am Aug 26, 2009 6:12am
CLosed +51 Pip at S3 Fib pivot..
  • #24,233
  • Aug 26, 2009 6:49am Aug 26, 2009 6:49am
hey folks,

1 hour channel worth a look,

potential shampoo on daily chart??

not trading much now, plan to hit it hard in sept

GL
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Trading is 80% Emotional, 20% Technical
  • #24,234
  • Aug 26, 2009 6:50am Aug 26, 2009 6:50am
hey ken i think the low % per year comes from people thinking there are going to slow climb to millions and then they will have liquidity issues. There probably is psychological issues about trading 3% of a million or even of 1/4mil. I'll let you know when I get there

I myself used to subscribe to the 2% per day max thinking but i have learned from you guys not to aim to low.

There is alot of psychology to trading and some people don't think they deserve 30% a week. Maybe they just need a hug or something http://www.freesmileys.org/smileys/smiley-hug012.gif
  • #24,235
  • Aug 26, 2009 7:05am Aug 26, 2009 7:05am
Quoting fx local
hey folks,

1 hour channel worth a look,

potential shampoo on daily chart??

not trading much now, plan to hit it hard in sept

GL
Morning, fellows

There is also down TL on 4H
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  • #24,236
  • Aug 26, 2009 7:08am Aug 26, 2009 7:08am
i prefer the larger channel which would take us down to 1.60
'The past will always show us the future'
  • #24,237
  • Aug 26, 2009 7:24am Aug 26, 2009 7:24am
could well to 1.55 and lower over the next couple of months....

4th quarter should see deleverging, dollar stronger, interesting to see what will end up of the stock market,

chart makes interesting reading ....
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Trading is 80% Emotional, 20% Technical
  • #24,238
  • Aug 26, 2009 7:44am Aug 26, 2009 7:44am
Good morning everyone, this neckline broke at 1.6350 from my view though h&s is open for interpretation but that green line at 1.6200 has to be the last of it or this is a giant stork.
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  • #24,239
  • Aug 26, 2009 7:58am Aug 26, 2009 7:58am
Quoting 4fun
Good morning everyone, this neckline broke at 1.6350 from my view though h&s is open for interpretation but that green line at 1.6200 has to be the last of it or this is a giant stork.
5700 is a real possibility with this shampoo.
Hi, my name is Barry and you can keep your doctor...
  • #24,240
  • Aug 26, 2009 8:08am Aug 26, 2009 8:08am
Quoting cisco
5700 is a real possibility with this shampoo.
Thats a good ballpark figure from my measurements too
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