Trade what you see NOT what you expect | Page 1265 | 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 And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #25,281
  • Sep 3, 2009 7:13am Sep 3, 2009 7:13am
See how this tl holds up? This h&s reminds me so much of the one U/J had at the start of summer it never just broke and ran south I had high hopes it would and was only shorting it leaving many many pips behind on long plays U/J is down low again but its taken 4 ever to play out. With this style of trading we can grab pips in both directions a beautiful thing. I still feel short on the pound but this could run around like this for a couple months patience and flexibilty, trade what you see Not what you expect like the thread says will be key at least 4 me!
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.gif Size: 19 KB
  • #25,282
  • Sep 3, 2009 7:27am Sep 3, 2009 7:27am
just for a bit of fun, if the monthly chart were, say, a 15m chart, where would you sell it? I've seen EO comment that he would take the opening price of the hanging man (16464), or would you be more cautious and hold off in hope of reaching close to last month's open (16710)?
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.JPG Size: 111 KB
'The past will always show us the future'
  • #25,283
  • Sep 3, 2009 7:34am Sep 3, 2009 7:34am
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
That is outstanding! Great Job!

Now can I borrow some money or how about a date?

Seriously, great job and keep all of us informed of your progress.
  • #25,284
  • Sep 3, 2009 7:37am Sep 3, 2009 7:37am
Quoting Superscalper
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

The Key to becoming profitable using this startagies or any other in my opinoin is the art of covering your trades. If you aren't seeing them do this I can't help you They say it time after time. I am up 20 or 30 pips they close some of there position then move there stop to Break Even Or BE +2 . That makes the trade risk free and depending on how much you take off you could lock some profits in also. Then if it continues you will also make more profit. they will say I am coverd when they have done that.
Good Trading To All ; Ken Lee
  • #25,285
  • Sep 3, 2009 7:57am Sep 3, 2009 7:57am
Hi everyone.

Am i right to assume a reversal is on its way.
Since the last 15m candel closed below 21ema.
?????????
  • #25,286
  • Sep 3, 2009 8:00am Sep 3, 2009 8:00am
Quoting amiro
Hi everyone.

Am i right to assume a reversal is on its way.
Since the last 15m candel closed below 21ema.
?????????

I think this move up was just a retrace off that bigger move down but it could still retrace up further . That is why we trade both directions. 160 up and 60 down so far.. Why pick one way. just watch the candles and the ma's and cover your trades.1.6550 would be close to a 50% retrace of the move down from 1.7000
Good Trading To All ; Ken Lee
  • #25,287
  • Sep 3, 2009 8:01am Sep 3, 2009 8:01am
Congrat's

I love to see these posts as the penny finaly drops. Hasn't happened completely for me but I really believe it will. You are in great hands on this thread.
My strongest wishes for your continued success.
Rob


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
  • #25,288
  • Sep 3, 2009 8:02am Sep 3, 2009 8:02am
Quoting KENNETH lEE
I think this move up was just a retrace off that bigger move down but it could still retrace up further . That is why we trade both directions. 160 up and 60 down so far.. Why pick one way. just watch the candles and the ma's and cover your trades.
Ok. Thanks Kenneth.

Thats make sense.
  • #25,289
  • Sep 3, 2009 8:07am Sep 3, 2009 8:07am
Quoting 4fun

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
Sorry! I was merely trying to pass along some helpful hints for financial survival I learned during the Carter recession.

Kindly pass along any damage estimates for your laptop to my money manager, Pippi. He'll gladly pay it!
Hi, my name is Barry and you can keep your doctor...
  • #25,290
  • Sep 3, 2009 8:25am Sep 3, 2009 8:25am
Quoting cisco
Sorry! I was merely trying to pass along some helpful hints for financial survival I learned during the Carter recession.

Kindly pass along any damage estimates for your laptop to my money manager, Pippi. He'll gladly pay it!
  • #25,291
  • Sep 3, 2009 8:27am Sep 3, 2009 8:27am
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
This is so great to hear Luckylady! I too am just loving this method and the "ah ha" moments are coming more often now for me. EO and the "gang" here are so knowledgeable and with hearts as big as the sky for sharing it all so openly. As EO's sub title says "one for all and all for one" (I always loved the musketeers for that reason...).

My hopes and prayers always for everyone who reads this thread to "get it" as you have. EO and the gang are in my prayers every night for a long and healthy life so they will all be here for many many years to come. Not just to keep teaching but more so to enjoy watching the fruits of the seeds they've sown.

God bless you all !! My heartfelt gratitude can't be expressed with mere words.

Chris
Ghost Rider - WWTBMD?
  • #25,292
  • Sep 3, 2009 8:31am Sep 3, 2009 8:31am
Quoting cisco
Sorry! I was merely trying to pass along some helpful hints for financial survival I learned during the Carter recession.

Kindly pass along any damage estimates for your laptop to my money manager, Pippi. He'll gladly pay it!
Lol, its still working some of the keys are sticky must be the baileys i use as my creamer. Missed out on the shorts form up top snuck one in at 1.6366 off the 10 and got 21 out of it on the prowl 4 more hope alls well with you.
  • #25,293
  • Sep 3, 2009 8:33am Sep 3, 2009 8:33am
Quoting albchr
This is so great to hear Luckylady! I too am just loving this method and the "ah ha" moments are coming more often now for me. EO and the "gang" here are so knowledgeable and with hearts as big as the sky for sharing it all so openly. As EO's sub title says "one for all and all for one" (I always loved the musketeers for that reason...).

My hopes and prayers always for everyone who reads this thread to "get it" as you have. EO and the gang are in my prayers every night for a long and healthy life so they will all be here for many many...
DITTOhttp://www.forexfactory.com/images/icons/icon14.gif
  • #25,294
  • Sep 3, 2009 8:37am Sep 3, 2009 8:37am
I want to wish everyone good luck today in your trades. I'm short from the top at 6410 with some nice pippage booked.

I'm not going to be able to intraday trade the US Session today. I have a meeting that could last all day. Please cover your positions and look both ways before crossing the street.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #25,295
  • Sep 3, 2009 8:39am Sep 3, 2009 8:39am
Quoting eohater
I want to wish everyone good luck today in your trades. I'm short from the top at 6410 with some nice pippage booked.

I'm not going to be able to intraday trade the US Session today. I have a meeting that could last all day. Please cover your positions and look both ways before crossing the street.

Trade well!
EO
u sure that good enough bro...damnit man! u found the top again
  • #25,296
  • Sep 3, 2009 8:41am Sep 3, 2009 8:41am
Quoting PippiNole
That is outstanding! Great Job!

Now can I borrow some money or how about a date?

Seriously, great job and keep all of us informed of your progress.
Thanks Pippinole. You can be sure I will be informing you everyday but I might just have to break the 10pip rule a lot
  • #25,297
  • Sep 3, 2009 8:49am Sep 3, 2009 8:49am
Quoting albchr
This is so great to hear Luckylady! I too am just loving this method and the "ah ha" moments are coming more often now for me. EO and the "gang" here are so knowledgeable and with hearts as big as the sky for sharing it all so openly. As EO's sub title says "one for all and all for one" (I always loved the musketeers for that reason...).

My hopes and prayers always for everyone who reads this thread to "get it" as you have. EO and the gang are in my prayers every night for a long and healthy life so they will all be here for many many...
this post was to lovely to read... u can only smile
  • #25,298
  • Sep 3, 2009 8:50am Sep 3, 2009 8:50am
eo are you short because the dbhlc off of the 15m?
btw there is a 2 pip dofference does this affect such patterns?
  • #25,299
  • Sep 3, 2009 8:51am Sep 3, 2009 8:51am
Attached Image (click to enlarge)
Click to Enlarge Name: gu-4hr.gif Size: 20 KB
My 4hr chart whitch will close in 12m,shows a bearish hammer pin,on gu
  • #25,300
  • Sep 3, 2009 8:55am Sep 3, 2009 8:55am
i see a nice channel in the h4

http://img190.imageshack.us/img190/6831/27917988.gif
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