Trade what you see NOT what you expect | Page 1301 | 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

  • #26,001
  • Sep 11, 2009 3:08pm Sep 11, 2009 3:08pm
Quoting cisco
http://www.youtube.com/watch?v=kFVqD4ufX_w&feature=fvw
Damn...I thought you guys would like that one.
Hi, my name is Barry and you can keep your doctor...
  • #26,002
  • Sep 11, 2009 3:11pm Sep 11, 2009 3:11pm
Quoting davids
I see a bit move coming on dragon soon as UJ cannot keep falling, mind you I think that cable could go up to 1.68 169 as well but could easily go to 1.58, seems amazing considering how bad the UK economy is doing that cable is where she is
yup agreed. It does look like it can go as far as 6895 level. But I won't count on it. I'm gonna short again next week.
Thank You
  • #26,003
  • Sep 11, 2009 3:11pm Sep 11, 2009 3:11pm
Quoting cisco
Damn...I thought you guys would like that one.
Excellent Bro
  • #26,004
  • Sep 11, 2009 3:14pm Sep 11, 2009 3:14pm
Quoting wormboy
yup agreed. It does look like it can go as far as 6895 level. But I won't count on it. I'm gonna short again next week.
Cool Bro,Let me know when you are next in your thread and we can chat some more
  • #26,005
  • Sep 11, 2009 3:15pm Sep 11, 2009 3:15pm
I hope everybody has a fantastic weekend see you all next week.
  • #26,006
  • Sep 11, 2009 3:16pm Sep 11, 2009 3:16pm
Quoting davids
Cool Bro,Let me know when you are next in your thread and we can chat some more
okay brother

yo eo how's it going bro
Thank You
  • #26,007
  • Sep 12, 2009 9:45am Sep 12, 2009 9:45am
Quoting cisco
A little light reading...
Yep......That about sums it up.....
Ghost Rider - WWTBMD?
  • #26,008
  • Sep 12, 2009 9:48am Sep 12, 2009 9:48am
Quoting PippiNole
I guess nobody likes Rush.
Not so brother. One of my ALL TIME FAVORITE BANDS from way back! Have most all thier CD's....
Ghost Rider - WWTBMD?
  • #26,009
  • Sep 12, 2009 7:40pm Sep 12, 2009 7:40pm
I see that some of us are having issues covering. EO addressed this a bit in a earlier post. I just want to remind everyone when we enter trades a lot of times we are at areas of Conflict. We believe it is turning there we have a signal. But the conflict isn't over just yet . So price bounces around can even spike way above our entries. This can cause us to get stopped out . The more conservative we are the greater the chance. But as the chart shows that isn't the end of a trade it is just another element.

I think a good rule of thumb would be like the 35/50 cross trades. A 35 pip move away from the area could mean the conflict is over and it is now save to move our stops. But you could cover earlier because if you take 1/2 your trade off you can double the distance to BE. All this is a personal choice of course. Most the better traders here take a min amount off just to offset the cost of entering the trade.

Also I personnally monitor my trade and if I get a close above that MBL line I might close my trade before my stop.

As far as closing a trade completely we have to learn to leave some on to allow us to reap the gains we want.. Entry with mulitple orders is a must that way we can scale out without having to change our settings. One thing I know that happens is just like the getting stopped to soon . Is that conflict that is happening at those arreas we have to understand price is going to bounce around But as EO said if we read the charts and signs correct the precentages are in our favor. So trust in your choices. Until you gain unwavering trust. maybe take most of it off but leave a small amount on till you see that your chosing the right entries.

The key to all this is your confidence. Until you are making the choices and reading the charts for yourself you will remain uncomfortable and can cause you to make bad choices. That is why it is better to use what the guys here post to confirm what you have on your charts not use it to trade all the time . It is the only way to learn.

Hope you are all having a great weekend. Ken
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Development.JPG Size: 269 KB
Good Trading To All ; Ken Lee
  • #26,010
  • Sep 12, 2009 11:46pm Sep 12, 2009 11:46pm
Quoting KENNETH lEE
I see that some of us are having issues covering. EO addressed this a bit in a earlier post. I just want to remind everyone when we enter trades a lot of times we are at areas of Conflict. We believe it is turning there we have a signal. But the conflict isn't over just yet . So price bounces around can even spike way above our entries. This can cause us to get stopped out . The more conservative we are the greater the chance. But as the chart shows that isn't the end of a trade it is just another element.

I think a good rule of thumb would be...
Excellent post Ken.....

HOLLA
  • #26,011
  • Sep 13, 2009 5:12am Sep 13, 2009 5:12am
As always Ken great post

Quoting KENNETH lEE
I see that some of us are having issues covering. EO addressed this a bit in a earlier post. I just want to remind everyone when we enter trades a lot of times we are at areas of Conflict. We believe it is turning there we have a signal. But the conflict isn't over just yet . So price bounces around can even spike way above our entries. This can cause us to get stopped out . The more conservative we are the greater the chance. But as the chart shows that isn't the end of a trade it is just another element.

I think a good rule of thumb would be...
  • #26,012
  • Sep 13, 2009 9:03am Sep 13, 2009 9:03am
Morning everyone.. I am embarking on a new project. When I started in this thread I came from scalping and lower time trading. It took a long time to realize that my view was skewed 180 degrees out. Then all the posting of charts that I did confirmed that issue. I was looking at low time first and maybe not seeing the whole picture at all. So to correct that I am putting all of the trading Ideas from this thread into a more actual flowing pattern . As usual I am doing this for myself but I am sharing with you as well. I like having something to read to reaffirm what I should be doing. Having that information in the right sequence will be a great help.

I also would really like some input as my greatest fear is to present the wrong information and mislead someone. So please chime in if (when) you see errors in my though process.
Good Trading To All ; Ken Lee
  • #26,013
  • Sep 13, 2009 9:04am Sep 13, 2009 9:04am

EO Hater and Infinity's

Trade What You See Not What You

Expect !

A Complete Trading Strategy for All Price Movements
Good Trading To All ; Ken Lee
  • #26,014
  • Sep 13, 2009 9:07am Sep 13, 2009 9:07am
Quoting KENNETH lEE

EO Hater and Infinity's

Trade What You See Not What You

Expect !

A Complete Trading Strategy for All Price Movements
It's good to see you back in the saddle, bro.
Hi, my name is Barry and you can keep your doctor...
  • #26,015
  • Sep 13, 2009 9:08am Sep 13, 2009 9:08am
These post look like crap It will look better made in paint and posted as JPG's My copy looks fine . What would you rather have ?
Good Trading To All ; Ken Lee
  • #26,016
  • Edited 12:51pm Sep 13, 2009 9:10am | Edited 12:51pm
jpg..
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Good Trading To All ; Ken Lee
  • #26,017
  • Sep 13, 2009 9:19am Sep 13, 2009 9:19am
more jpgs
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Click to Enlarge Name: 2 preface.JPG Size: 64 KB
Good Trading To All ; Ken Lee
  • #26,018
  • Sep 13, 2009 10:14am Sep 13, 2009 10:14am
5 and 6 jpgs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5 basics first.JPG Size: 235 KB
Click to Enlarge Name: 6 platform set up.JPG Size: 149 KB
Good Trading To All ; Ken Lee
  • #26,019
  • Sep 13, 2009 11:18am Sep 13, 2009 11:18am
Hi Ken...

You look like a man on a mission

just my small input.. I have a microsoft office word file which I copy paste your charts, descriptions and valuable posts into..
Maybe you could use office word as your doc format?
Whatever you decide I for one will take the time to digest..



Quoting KENNETH lEE
These post look like crap It will look better made in paint and posted as JPG's My copy looks fine . What would you rather have ?
  • #26,020
  • Sep 13, 2009 12:31pm Sep 13, 2009 12:31pm
Quoting robgsxr
Hi Ken...

You look like a man on a mission

just my small input.. I have a microsoft office word file which I copy paste your charts, descriptions and valuable posts into..
Maybe you could use office word as your doc format?
Whatever you decide I for one will take the time to digest..

I don't have word I use notepad.. the jpgs work if not great as you can view on your fax picture viewer. Someone will hate it and convert to a pdf anyway.. LOL
Good Trading To All ; Ken Lee
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