Trade what you see NOT what you expect | Page 1264 | 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

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Trade what you see NOT what you expect

  • #25,261
  • Sep 3, 2009 1:59am Sep 3, 2009 1:59am
Played the 1 oclock bounce off the ema and 300 on the Mrs....no flogging required
  • #25,262
  • Sep 3, 2009 3:09am Sep 3, 2009 3:09am
Took a short off of the 15min pin (EJ) that had also bounced off the 1hr 62 closed for +20 when it hit the 21MA before that took bounces off of various MA's on both the GU and EJ - so far today +100
  • #25,263
  • Sep 3, 2009 3:11am Sep 3, 2009 3:11am
Quoting luckylady
Took a short off of the 15min pin (EJ) that had also bounced off the 1hr 62 closed for +20 when it hit the 21MA before that took bounces off of various MA's on both the GU and EJ - so far today +100

Great Trading..
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Good Trading To All ; Ken Lee
  • #25,264
  • Sep 3, 2009 3:18am Sep 3, 2009 3:18am
Quoting lazyboy
Played the 1 oclock bounce off the ema and 300 on the Mrs....no flogging required

way to go.... It aint hard..
Good Trading To All ; Ken Lee
  • #25,265
  • Sep 3, 2009 3:48am Sep 3, 2009 3:48am
well on the balance of evidence you had a shooting star wiht small bottom wick last 1h up against the 1h 5, 4h 5 and 50, 15m 21 and large trendline breakout, so it's not suprising who won that battle.
'The past will always show us the future'
  • #25,266
  • Sep 3, 2009 3:53am Sep 3, 2009 3:53am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
GU about to hit a week long resistance around 6377... lets see what happens.
  • #25,267
  • Sep 3, 2009 4:20am Sep 3, 2009 4:20am
I must just say that after months studying this system and finally "getting it" I am really enjoying trading again and wondering how I didn't get it before There are just so many pips to be had trading like this, and not just pips, if I told you the percentage my account has risen over the last couple of weeks nobody would believe me so I won't bother, but its great, thanks EO and everyone else here
  • #25,268
  • Sep 3, 2009 4:27am Sep 3, 2009 4:27am
Quoting luckylady
I must just say that after months studying this system and finally "getting it" I am really enjoying trading again and wondering how I didn't get it before There are just so many pips to be had trading like this, and not just pips, if I told you the percentage my account has risen over the last couple of weeks nobody would believe me so I won't bother, but its great, thanks EO and everyone else here

Actually the traders that DO GET IT on the thread would believe you as EO has stated he goes for 20% a week increase and normally gets that mid week. That was just trading the Cable add the E/J to the mix which has bigger moves normally and you could easilly double that. I am still not holding for what I should But trading around 3% maybe a bit more But not 5% I am averaging 20 % a day scalping. Now to just get that first 100 pipper under my belt.. Then watch out. But I trade all three sessions. So not the same as other people Like trading 3 weeks to 1.
Good Trading To All ; Ken Lee
  • #25,269
  • Sep 3, 2009 4:28am Sep 3, 2009 4:28am
Quoting luckylady
I must just say that after months studying this system and finally "getting it" I am really enjoying trading again and wondering how I didn't get it before There are just so many pips to be had trading like this, and not just pips, if I told you the percentage my account has risen over the last couple of weeks nobody would believe me so I won't bother, but its great, thanks EO and everyone else here
well done. There's a large psychological element involved--you can have this great system yet still not "get it" for a while--but once it all blends in and doubts are cast out then you're on your way. Continued success I hope
'The past will always show us the future'
  • #25,270
  • Sep 3, 2009 4:59am Sep 3, 2009 4:59am
Quoting KENNETH lEE
Actually the traders that DO GET IT on the thread would believe you as EO has stated he goes for 20% a week increase and normally gets that mid week. That was just trading the Cable add the E/J to the mix which has bigger moves normally and you could easilly double that. I am still not holding for what I should But trading around 3% maybe a bit more But not 5% I am averaging 20 % a day scalping. Now to just get that first 100 pipper under my belt.. Then watch out. But I trade all three sessions. So not the same as other people Like trading 3 weeks...
I would like to trade all 3 sessions, but for the moment I have a job that keeps me away from all of them at some point, hopefully for not too much longer though. What actual times do you trade, because they tend to overlap some?
  • #25,271
  • Sep 3, 2009 5:32am Sep 3, 2009 5:32am
Quoting luckylady
I would like to trade all 3 sessions, but for the moment I have a job that keeps me away from all of them at some point, hopefully for not too much longer though. What actual times do you trade, because they tend to overlap some?

1:30 am till 4:30 am then 8:00 am till 9:00 pm Not solid might take lunch off and a couple hrs in the afternoon depends on how the price is moving and if I can stay focused.. Sometimes during Asia I don't get anything Kinda family time. But do check it computers always on. You can see in those charts I posted yesterday and today leading into the asian session some pretty easy trades.. That lead to a larger asian open trade. That is evening time US. Just trade when you can be focused that is what is great about this thread something for almost anytime.
Good Trading To All ; Ken Lee
  • #25,272
  • Sep 3, 2009 5:39am Sep 3, 2009 5:39am
Quoting luckylady
I must just say that after months studying this system and finally "getting it" I am really enjoying trading again and wondering how I didn't get it before There are just so many pips to be had trading like this, and not just pips, if I told you the percentage my account has risen over the last couple of weeks nobody would believe me so I won't bother, but its great, thanks EO and everyone else here
I'd believe you!

Good job!
Just digging in the trenches like everyone else!
  • #25,273
  • Sep 3, 2009 5:55am Sep 3, 2009 5:55am
Quoting luckylady
I must just say that after months studying this system and finally "getting it" I am really enjoying trading again and wondering how I didn't get it before There are just so many pips to be had trading like this, and not just pips, if I told you the percentage my account has risen over the last couple of weeks nobody would believe me so I won't bother, but its great, thanks EO and everyone else here
Thats awesome well done, always great to hear others making a success. Although I'm only new hear i really like the attitude of this thread, no negativity and bs which is great and everyones as helpful as possible so thanks loads guys.

The other thing that strikes me about trading in this way is that you can progress along through the various setups....something for everyone
  • #25,274
  • Sep 3, 2009 6:38am Sep 3, 2009 6:38am
Quoting eohater
WTF are you talking about?

I've even asked Bob and he can't make it out!

So, let me give it a stab, your saying that there is a strong trend, whichever way your biased, long or short, and our willingness to go against your bias is wrong....
sory for my english
i heve bake test u r metod and it seems to work well excpt the time ther r strong trend in one dairection (short or long) in such case i heve got a revesal candel such has humer or dojy time after time and i got stop loss hit time after time
iam not trying to say u sys is bad or samting like thise
iam just trying to lern from u guys

thanks
  • #25,275
  • Sep 3, 2009 6:41am Sep 3, 2009 6:41am
6430 area coming up.....should get a bounce down for a chance to get in long.

Talking head on CNBC just poped in and said the Chinese are buying gold and selling the dollar!
  • #25,276
  • Sep 3, 2009 6:43am Sep 3, 2009 6:43am
Quoting Superscalper
sory for my english
i heve bake test u r metod and it seems to work well excpt the time ther r strong trend in one dairection (short or long) in such case i heve got a revesal candel such has humer or dojy time after time and i got stop loss hit time after time
iam not trying to say u sys is bad or samting like thise
iam just trying to lern from u guys

thanks
But when its established a trend you can play a different game by taking bounces off the MA's in the direction of the trend like I have been doing all morning here.
  • #25,277
  • Sep 3, 2009 6:43am Sep 3, 2009 6:43am
Quoting Superscalper
sory for my english
i heve bake test u r metod and it seems to work well excpt the time ther r strong trend in one dairection (short or long) in such case i heve got a revesal candel such has humer or dojy time after time and i got stop loss hit time after time
iam not trying to say u sys is bad or samting like thise
iam just trying to lern from u guys

thanks
SAME GOOD EXMPELS
just wont to know how do defaind u r take profit?
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  • #25,278
  • Edited 7:01am Sep 3, 2009 6:48am | Edited 7:01am
Quoting luckylady
But when its established a trend you can play a different game by taking bounces off the MA's in the direction of the trend like I have been doing all morning here.
hi fraind

but how do u know how to take the revesal signal?
i will try to uploud a chart i thinke it will much clerer
and again iam just trying to lern from u guys and lady
hopfuly i will...
tanks
  • #25,279
  • Sep 3, 2009 6:49am Sep 3, 2009 6:49am
Quoting cisco
I have to head out myself.

I've got to jack the dog off to feed the cat.
Good morning free world

Damn you Cisco spit hot coffee on some of my laptop when I read this, laughing out loud before 5am in my patio outside I"ll wake my neighbors

showing some 4hr resistance @ 1.6414
  • #25,280
  • Sep 3, 2009 6:55am Sep 3, 2009 6:55am
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
I can't speak on his behalf entirely, but I'm pretty sure he just uses different TP's with different setups. Something you, I, and everyone else (including EO himself) has to work on and work out on a day to day basis. There generally isn't a lot of risk:reward ratio talk... just talks about good setups on the horizon.

Aside from the point, if someone else and myself took the same trade with they bagging 100 pips and me cutting out early at 10 I would still be happy. +10 beats -(10+spread) any day!
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