Trade what you see NOT what you expect | Page 1285 | Forex Factory

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Trade what you see NOT what you expect

  • #25,681
  • Sep 9, 2009 9:16am Sep 9, 2009 9:16am
Quoting robgsxr
I'm watching..
Sorry Rob! I don't mean to point it out to you, but maybe, it'll stick in your head this way!
Just digging in the trenches like everyone else!
  • #25,682
  • Sep 9, 2009 9:18am Sep 9, 2009 9:18am
No probs it is good way to learn

Quoting eohater
Sorry Rob! I don't mean to point it out to you, but maybe, it'll stick in your head this way!
  • #25,683
  • Sep 9, 2009 9:18am Sep 9, 2009 9:18am
Quoting robgsxr
No probs it is good way to learn
Sellers are showing interest!
Just digging in the trenches like everyone else!
  • #25,684
  • Sep 9, 2009 9:24am Sep 9, 2009 9:24am


Quoting eohater
Sellers are showing interest!
  • #25,685
  • Sep 9, 2009 9:30am Sep 9, 2009 9:30am
Not sure of the relevance but the bull flag has been broken and retested with the same 15min candle now testing the morning range top which I had at 1.65688.

1 min to go and the range top is holding
Attached Image (click to enlarge)
Click to Enlarge Name: Capture bull flag break.JPG Size: 85 KB
  • #25,686
  • Sep 9, 2009 9:30am Sep 9, 2009 9:30am
Last m15 candle was indecisive on it's close.
Just digging in the trenches like everyone else!
  • #25,687
  • Sep 9, 2009 9:37am Sep 9, 2009 9:37am
Here is what bites me often.

I start out flat every morning. I took a short on the first run up, traded it back down to the 5ma, took the profits and reversed the position. Took some profits on the long and stopped out +2.
Since it failed to break higher twice i did not reverse. Now i am flat and apprehensive about trading into the 6600 level.

Things look bullish to me at the moment so i will wait for a pull back to take a long position or try to take a short at resistance.

The problem is i am flat now, again, and missed the long bus! That happens way to often to me.

Eo, Infinity, Pipinole, u guys have any suggestions.
  • #25,688
  • Sep 9, 2009 9:38am Sep 9, 2009 9:38am
Quoting Shilva
Eo, Infinity, Pipinole, u guys have any suggestions.
Did you ever consider adding stochs to your setup? There was crystal clear bullish divergence at the 1h hammer close this morning.
'The past will always show us the future'
  • #25,689
  • Sep 9, 2009 9:45am Sep 9, 2009 9:45am
Quoting Shilva
Here is what bites me often.

I start out flat every morning. I took a short on the first run up, traded it back down to the 5ma, took the profits and reversed the position. Took some profits on the long and stopped out +2.
Since it failed to break higher twice i did not reverse. Now i am flat and apprehensive about trading into the 6600 level.

Things look bullish to me at the moment so i will wait for a pull back to take a long position or try to take a short at resistance.

The problem is i am flat now, again, and missed the long bus! That...
Don't trade out of vengance! If you missed the bus, you missed it, wait for PA to show you the way for another entry. Like you said, buying into 6600 level is not the best of ideas, if you do decide to go that route, then use your ma's for your SL. H4's are getting ready to turn for some and mine will turn a new one in 1h 15m. This will shed more light if we're going to continue north or hold for a reversal in the intraday movement.
Just digging in the trenches like everyone else!
  • #25,690
  • Sep 9, 2009 9:49am Sep 9, 2009 9:49am
Quoting eohater
Did anyone buy off the m15 10?
If anyone would have bought here, 6530, you could have booked 50 pips on this move with hardly any draw down on your account.
Just digging in the trenches like everyone else!
  • #25,691
  • Sep 9, 2009 9:58am Sep 9, 2009 9:58am
I'm almost tempted to short the Mrs. here on this 1H double top...
Ghost Rider - WWTBMD?
  • #25,692
  • Sep 9, 2009 10:01am Sep 9, 2009 10:01am
4h
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.JPG Size: 128 KB
'The past will always show us the future'
  • #25,693
  • Sep 9, 2009 10:17am Sep 9, 2009 10:17am
Thanks guys for the feedback.....

It just happened again....short at 6587, took 15 and stopped out at +2.

Think i will have to become a 10 pip trader....they say 10 pips a trade can make u rich!
  • #25,694
  • Sep 9, 2009 10:29am Sep 9, 2009 10:29am
Quoting Shilva
Thanks guys for the feedback.....

It just happened again....short at 6587, took 15 and stopped out at +2.

Think i will have to become a 10 pip trader....they say 10 pips a trade can make u rich!
If you can guarantee yourself 10 pips on a trade, I'll show you how you can be rich!

Besides, we can't break the rules here! We're only good for 10 pips!
Just digging in the trenches like everyone else!
  • #25,695
  • Sep 9, 2009 10:37am Sep 9, 2009 10:37am
Quoting eohater
If you can guarantee yourself 10 pips on a trade, I'll show you how you can be rich!

Besides, we can't break the rules here! We're only good for 10 pips!

  • #25,696
  • Sep 9, 2009 10:39am Sep 9, 2009 10:39am
Quoting Shilva
Thanks guys for the feedback.....

It just happened again....short at 6587, took 15 and stopped out at +2.

Think i will have to become a 10 pip trader....they say 10 pips a trade can make u rich!
its true...
Patience + Discipline - Greed = Success
  • #25,697
  • Sep 9, 2009 10:39am Sep 9, 2009 10:39am
Quoting eohater
If you can guarantee yourself 10 pips on a trade, I'll show you how you can be rich!

Besides, we can't break the rules here! We're only good for 10 pips!

Patience + Discipline - Greed = Success
  • #25,698
  • Sep 9, 2009 10:40am Sep 9, 2009 10:40am
I am flat right now and hoping to see 1.6618

Not sure we have the legs to get there though at least not this trip
  • #25,699
  • Sep 9, 2009 10:44am Sep 9, 2009 10:44am
Quoting davids
I am flat right now and hoping to see 1.6618
did you close all your longs?
Patience + Discipline - Greed = Success
  • #25,700
  • Sep 9, 2009 10:46am Sep 9, 2009 10:46am
6560 seems to be the line in the sand atm
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