Trade what you see NOT what you expect | Page 1232 | 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 And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #24,621
  • Aug 29, 2009 7:57am Aug 29, 2009 7:57am
Hey EO, do you live on 'cocktail cove'?
Hi, my name is Barry and you can keep your doctor...
  • #24,622
  • Aug 29, 2009 8:05am Aug 29, 2009 8:05am
Quoting cisco
Hey EO, do you live on 'cocktail cove'?
I wish!
Just digging in the trenches like everyone else!
  • #24,623
  • Aug 29, 2009 8:21am Aug 29, 2009 8:21am
Quoting cisco
Hey EO, do you live on 'cocktail cove'?
I asked because I watched NBC Dateline last night. They did an hour long story on Marcus Schrenker.
Hi, my name is Barry and you can keep your doctor...
  • #24,624
  • Aug 29, 2009 8:51am Aug 29, 2009 8:51am
Thanks for the analysis EO, I have copied and saved them to my analysis file.

You can hilight and paste the text,, Then if you click on the chart about 4 times you will eventually get it into a seperate window zoomed in then right click and copy then you can paste it into your notepad also . So you can put both posts and all 3 charts on one notepad document. Then save in your analysis file.. then you will have it when your looking for areas of interest or to check your own areas and thoughts..

We all have to start learning fom these kind souls as one day they might not be here so don't depend on other people . Start learning and saving your own thoughts.. But while it is available use their post to help you to see waht is there to see.
Good Trading To All ; Ken Lee
  • #24,625
  • Aug 29, 2009 9:47am Aug 29, 2009 9:47am
Monday is a British banking holiday. Things could be kind of slow.
Hi, my name is Barry and you can keep your doctor...
  • #24,626
  • Aug 29, 2009 12:46pm Aug 29, 2009 12:46pm
just my 2 cents..Happy trading fellas..
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  • #24,627
  • Aug 29, 2009 12:46pm Aug 29, 2009 12:46pm
Quoting cisco
Monday is a British banking holiday. Things could be kind of slow.
for sure..
  • #24,628
  • Aug 29, 2009 4:10pm Aug 29, 2009 4:10pm
I think i may have found a way to keep myself from doing stupid stuff the idea here is to stay busy and alwasy looking for the next area of interest..
Some may find this a bit off the wall others will see the possiblities . WE do scale into trades I just have not seen it discussed much or know how aggresive people are at it. So enjoy or trash it.. Ken
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Good Trading To All ; Ken Lee
  • #24,629
  • Aug 29, 2009 4:11pm Aug 29, 2009 4:11pm
24 hr chart
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Good Trading To All ; Ken Lee
  • #24,630
  • Aug 29, 2009 4:12pm Aug 29, 2009 4:12pm
15 min chart
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Good Trading To All ; Ken Lee
  • #24,631
  • Aug 29, 2009 5:10pm Aug 29, 2009 5:10pm
Hi guys,

Do you care for price action after a 35/50 entry until your stop loss (around 35 pips further away from the candle that closed through the 35MA) is hit?

E.g. broken levels, very bullish/bearish candles ...

Is there a situation where you would close a position early with a loss?

thanks

tdeu
  • #24,632
  • Aug 29, 2009 5:14pm Aug 29, 2009 5:14pm
Hi EO,

can you post a chart for this one "the restest later in the day of the breakout bottom's price being two,"?

thanks

tdeu

Quoting eohater
I hope and pray that many of you capitalized on the movements today. All were textbook setups in my review. The morning breakout being one, the restest later in the day of the breakout bottom's price being two, the DBHLC on the h4 being three, the bounce off the m15 200/h1 50 being four.

I hope everyone has had a great week and I hope everyone has a great weekend! I'm going to party like a rockstar myself!
  • #24,633
  • Aug 29, 2009 7:52pm Aug 29, 2009 7:52pm
Here's an h4 channel I've got
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Just digging in the trenches like everyone else!
  • #24,634
  • Aug 29, 2009 8:28pm Aug 29, 2009 8:28pm
I want everyone to look at this chart and understand what I've highlighted. If your concerned that this setup does not work or your not sure where to put your SL, then set you SL 5 pips below the low of the setup. The setup consists of both candles. IDEALLY, I want the first candle to be the lowest, the second candle to not go lower than the first. After the 2nd candle has closed, I'm entering the position. You can pull the trigger about 1m-30sec before the 2nd candle closes without much add risk. After you've taken your position, set your SL and a partial TP, say 20-25 pips, walk away and don't watch what happens over the next m15. If it's too much excitement, nerves or whatever, you've got to let the trade do what it's designed to do. Now, another part is the SL. I would rather take the 15-25pip loss, than set on a position for the next 3hrs for the hope and pray and the addition to the position, that I'm going to get out of the trade in atleast a BE position to prevent from having a loss at all. Look at how many pipps go past when your in this type of a trade. If your not setting your trade off of the h4 or higher, you better not be waiting to be in profit if your entering off the m15. Remember, we like to get in, get green, book profit, and repeat.
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Just digging in the trenches like everyone else!
  • #24,635
  • Aug 29, 2009 8:38pm Aug 29, 2009 8:38pm
Quoting tdeu
Hi EO,

can you post a chart for this one "the restest later in the day of the breakout bottom's price being two,"?

thanks

tdeu
Sure!
Attached Image (click to enlarge)
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Just digging in the trenches like everyone else!
  • #24,636
  • Aug 29, 2009 8:41pm Aug 29, 2009 8:41pm
Quoting eohater
I want everyone to look at this chart and understand what I've highlighted. If your concerned that this setup does not work or your not sure where to put your SL, then set you SL 5 pips below the low of the setup. The setup consists of both candles. IDEALLY, I want the first candle to be the lowest, the second candle to not go lower than the first. After the 2nd candle has closed, I'm entering the position. You can pull the trigger about 1m-30sec before the 2nd candle closes without much add risk[b]. After you've taken your position, set your SL...
I have been absent for some of my best trades. Great advice on the entry and the management . Thank you very much for your continuing in sights..
Good Trading To All ; Ken Lee
  • #24,637
  • Aug 29, 2009 8:45pm Aug 29, 2009 8:45pm
Quoting eohater
Sure!
I guess I made a mistake on those trades. I was wrong on the trade thought it was the break of the asian range at london open going long.. Sorry for the confusion and the post has been removed.
Good Trading To All ; Ken Lee
  • #24,638
  • Aug 29, 2009 8:48pm Aug 29, 2009 8:48pm
Quoting KENNETH lEE
I have been absent for some of my best trades. Great advice on the entry and the management . Thank you very much for your continuing in sights..
It makes it mechanical. That's how trading has to be. Mechanical and purposeful in nature. If you take it in this nature, it removes the emotions. Unfortunatley, people's emotions over power themselves at time over the mechanical. I've done it plenty of times myself when I don't stick to the mechanical side.
Just digging in the trenches like everyone else!
  • #24,639
  • Aug 30, 2009 7:08am Aug 30, 2009 7:08am
Quoting eohater
It makes it mechanical. That's how trading has to be. Mechanical and purposeful in nature. If you take it in this nature, it removes the emotions. Unfortunatley, people's emotions over power themselves at time over the mechanical. I've done it plenty of times myself when I don't stick to the mechanical side.
i learned that more than anything else, i know for me to make money in this u have get rid of the emotion, we cant as people, but what we can do is, think differently about the market....

keep up the good work bro!
  • #24,640
  • Aug 30, 2009 9:37am Aug 30, 2009 9:37am
Any one have a rate feed?? I have checked 3 sites and EJ @ 1.33 area all others are staying at fri. close????
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