Trade what you see NOT what you expect | Page 1306 | Forex Factory

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Trade what you see NOT what you expect

  • #26,101
  • Sep 16, 2009 2:40pm Sep 16, 2009 2:40pm
What is price actionn ?
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Good Trading To All ; Ken Lee
  • #26,102
  • Sep 16, 2009 4:42pm Sep 16, 2009 4:42pm
Wedge anybody?
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Hi, my name is Barry and you can keep your doctor...
  • #26,103
  • Sep 16, 2009 4:58pm Sep 16, 2009 4:58pm
CNBC keeps talking about weak $ and rising gold prices.The $ has done pretty good against the pound though so is the pound that shitty or should we be looking for a nice long coming up on the cable? Just food for thought.
Please ask questions and share your experiences with us all!
  • #26,104
  • Sep 16, 2009 7:01pm Sep 16, 2009 7:01pm
  •  refugee
  • | Joined Aug 2009 | Status: Be patient, cautious, & skeptical. | 50 Posts
Quoting KENNETH lEE
What is price actionn ?

Great post on what is typically an ambiguous topic. Can't wait to see even more!
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  • #26,105
  • Sep 16, 2009 7:43pm Sep 16, 2009 7:43pm
Quoting Turtle
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but over all we still hesitate when we execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We feel we are very close to crossing that threshold of successful trading.
22. We start to take responsibility for our trading results as we understand that our success is in...
Ive just been thinking back to when I 1st saw this post which Turtle alerted me to in this thread.
I'd like to say, I've had my sabbatical (Step 18) and I will soon step back into the ring with new rules and a new outlook on the whole situation.
Nice to see this thread still going strong, I stepped away from it for a while myself, stopped listening to others and started doing my own thang.

If you missed the original post by turtle, go take a look, its a good little read.
  • #26,106
  • Sep 16, 2009 8:39pm Sep 16, 2009 8:39pm
Quoting bkg102665
CNBC keeps talking about weak $ and rising gold prices.The $ has done pretty good against the pound though so is the pound that shitty or should we be looking for a nice long coming up on the cable? Just food for thought.
A little explanation of the sinking dollar. Last year this country had 800 billion dollars of hard currency in circulation. Since then, the printing presses have been working overtime printing new dollars. We now have 1.7 trillion dollars in hard currency floating around. That's more than twice the previous supply of hard currency of just one year ago. Consequently the dollar is falling in value because there's so many dollars out there. So far it hasn't affected inflation, but eventually it will, bigtime. The UK has been doing the same thing only on a slightly smaller scale.

Now, since gold is a hedge against inflation the price is going up, and it will probably continue on it's upward spiral.

Since both currencies have been propped up artificially it's a toss up of where price is going.
Hi, my name is Barry and you can keep your doctor...
  • #26,107
  • Sep 16, 2009 9:03pm Sep 16, 2009 9:03pm
I have been looking at the charts and on the dailey it looks like a long set up to me.....how about you guys?
Please ask questions and share your experiences with us all!
  • #26,108
  • Sep 16, 2009 9:09pm Sep 16, 2009 9:09pm
Quoting BenScoobert
Ive just been thinking back to when I 1st saw this post which Turtle alerted me to in this thread.
I'd like to say, I've had my sabbatical (Step 18) and I will soon step back into the ring with new rules and a new outlook on the whole situation.
Nice to see this thread still going strong, I stepped away from it for a while myself, stopped listening to others and started doing my own thang.

If you missed the original post by turtle, go take a look, its a good little read.
Wazzupp Ben

How's life treating ya? Shout's out to the whole thread....

I haven't been on the thread much myself since school started. Just finish taking my 3rd test this week.

It's funny how learning makes you think about all aspects of life.

Been just watching charts and refining my own system with a everything I have ever learned, it's pretty cool.

Something's gotta give tomorrow, EU looks like it's just waiting for GU to catch up, but could GU pull down EU...maybe EJ. Let's see who is leading this next leg.

HOLLA
  • #26,109
  • Sep 17, 2009 5:10am Sep 17, 2009 5:10am
Quoting Turtle
Wazzupp Ben

How's life treating ya? Shout's out to the whole thread....
I'm good thanks, 2 days off finishing my training as a Train Driver. Learned to program mql4, wrote my eureka moment into code and hey presto, emotions removed, EA trading is the future......for me anyways.
I was a little bummed a while ago after I couldn't grasp what is taught in this thread, but hey its all good now, like I said in the other post, doing it my own way. Check the results in my sig, quite excited to get going with it but I have to focus on my 1 week test I have next week, then I'm into this with my spare time.
  • #26,110
  • Sep 17, 2009 7:37am Sep 17, 2009 7:37am
Where in the hell has everybody been lately?!!!

Have you guys moved away and left me behind?...lol
Please ask questions and share your experiences with us all!
  • #26,111
  • Sep 17, 2009 7:51am Sep 17, 2009 7:51am
All bussy trading and banging pips... hope so!
  • #26,112
  • Sep 17, 2009 7:52am Sep 17, 2009 7:52am
Ma's on the 4hr bunched up tight
  • #26,113
  • Sep 17, 2009 8:00am Sep 17, 2009 8:00am
Good morning guys.....If Eo and Infinity can't be here the rest of us need to step up and keep the thread going.

Business keeps going, the trend is east and we are all still looking for the opportunity to buy something and sell it later at a higher price. (Business 101)

Trading is lonely if u are watching charts all day and we all are business associates so post what u see. Doesn't matter if u are right or wrong......it is nothing personal about it!

Let's get a little more classroom participation while the professors are away!
  • #26,114
  • Sep 17, 2009 8:07am Sep 17, 2009 8:07am
I see cable undecided atm when I look at the 4hr chart it seems that when this does break I'll look to see it run then come back to those ma's to confirm move then back on its way 1.6500 just magnetic 4 now
  • #26,115
  • Sep 17, 2009 8:12am Sep 17, 2009 8:12am
I'm still looking at a bear flag with another down leg to come.
'The past will always show us the future'
  • #26,116
  • Sep 17, 2009 8:18am Sep 17, 2009 8:18am
Here is my 4h chart....I see it back down to 6430 area and if it breaks that on down to 6200 area.

Flat at the moment here.
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  • #26,117
  • Sep 17, 2009 8:25am Sep 17, 2009 8:25am
Hi all,

I'm not knowledgeable enough to post any analysis yet so I'll just say hello
  • #26,118
  • Sep 17, 2009 8:31am Sep 17, 2009 8:31am
I took a seat on the northbound at 6480. As I look around the bus it seems there's a lot of vacant seats. I guess I'm the only idiot.
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Hi, my name is Barry and you can keep your doctor...
  • #26,119
  • Sep 17, 2009 8:42am Sep 17, 2009 8:42am
Quoting cisco
I took a seat on the northbound at 6480. As I look around the bus it seems there's a lot of vacant seats. I guess I'm the only idiot.
This is your driver speaking. Please don't forget to buckle up as we could be heading for a crash sometime soon
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'The past will always show us the future'
  • #26,120
  • Sep 17, 2009 8:46am Sep 17, 2009 8:46am
Quoting cisco
I took a seat on the northbound at 6480. As I look around the bus it seems there's a lot of vacant seats. I guess I'm the only idiot.
Nice entry Cisco.....took that long without hesitation when it was shooting down and stalled at support. A no risk trade for 20 or so. It's a beautiful thing to have the confidence to do that!
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