Trade what you see NOT what you expect | Page 1316 | Forex Factory

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Trade what you see NOT what you expect

  • #26,301
  • Sep 27, 2009 9:22pm Sep 27, 2009 9:22pm
Here is the chart!
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  • #26,302
  • Sep 28, 2009 3:11am Sep 28, 2009 3:11am
Quoting Shilva
Yup......she was not very well behaved Thursday!

In the theme of learning from your mistakes here is how i got bit! I don't think i was the only one!

I usually try to keep a 20 pip stop running but i was in manual mode and price looked like it was putting in a bottom....right up till 8am Tokyo Time!

Sorry to hear of your loss but , thanks for sharing it is a learning exprience for all. Now to make it all back plus .. Funny how so many people never lose.. LOL Ken
Good Trading To All ; Ken Lee
  • #26,303
  • Sep 28, 2009 4:59am Sep 28, 2009 4:59am
Hello,

I have spend a lot of time to read this thread from the first to the last page and I can say it was worth every second. I was an indicator only trader before and I was never happy with my results and the feeling I had when I traded. When I read this threat I traded some of the described signals by the way and it was a complete new trading experience. This was the first time I have understand why things happen and how to handle situations the right way. As I finished reading this thread I saved nearly 300 sides of information and took over 300 screenshots. I want to thank EO, Ken, Infinity and all the others for giving this superior insight in their trading rules and for presenting this great trading system. I think I will continue now with a review of the notes I made. I hope it's still allowed to post questions.
  • #26,304
  • Sep 28, 2009 7:13am Sep 28, 2009 7:13am
Anything can happen but that was a hell of a drop bit of a retrace to the 1.6200 level seems in order. Heres a shot of the daily tl then looking at it from the 4hr
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  • #26,305
  • Sep 28, 2009 7:16am Sep 28, 2009 7:16am
Quoting MCFly
Hello,

I have spend a lot of time to read this thread from the first to the last page and I can say it was worth every second. I was an indicator only trader before and I was never happy with my results and the feeling I had when I traded. When I read this threat I traded some of the described signals by the way and it was a complete new trading experience. This was the first time I have understand why things happen and how to handle situations the right way. As I finished reading this thread I saved nearly 300 sides of information and took over...
Welcome to the thread McFly. Your experience with reading this thread is roughly the same as mine, I find its improved my trading no end. Post questions all you like, the thread has been a little quiet lately but there are some extremely good traders in here and they're always happy to help.
  • #26,306
  • Sep 28, 2009 7:26am Sep 28, 2009 7:26am
My previous daily chart that last level I have at 1.6217 not where its at on that chart messing with the check mark must of moved it. That level lines up with the 4hr if we ever get back up there
  • #26,307
  • Sep 28, 2009 7:32am Sep 28, 2009 7:32am
My last few 4hr bars look better on the misstress than the mrs for some retrace
  • #26,308
  • Sep 28, 2009 7:50am Sep 28, 2009 7:50am
Quoting KENNETH lEE
Sorry to hear of your loss but , thanks for sharing it is a learning experience for all. Now to make it all back plus .. Funny how so many people never lose.. LOL Ken
Thanks Ken....my 1st mistake was not letting it stop me out shortly after i entered when price did not do what i wanted. (if price does not do what your trade entry predicts let it stop u out and get a better price)

The 2nd mistake was holding it to long because i had already let it go against me -35 or so and since i put that much effort into it i wanted to keep it. (don't be married to a trade)

Third mistake was holding way to long after she started dropping! (trade what u see and react...quickly)

My justification for mistakes is it still looked to me like price was putting in a bottom (6000 area to hold) right up till it didn't
  • #26,309
  • Sep 28, 2009 8:27am Sep 28, 2009 8:27am
short off the 1hour chart straight out of the textbook
Attached Image
Trading is 80% Emotional, 20% Technical
  • #26,310
  • Sep 28, 2009 8:41am Sep 28, 2009 8:41am
Quoting luckylady
Welcome to the thread McFly. Your experience with reading this thread is roughly the same as mine, I find its improved my trading no end. Post questions all you like, the thread has been a little quiet lately but there are some extremely good traders in here and they're always happy to help.
thank you very much
  • #26,311
  • Sep 28, 2009 8:55am Sep 28, 2009 8:55am
Quoting MCFly
Hello,

I have spend a lot of time to read this thread from the first to the last page and I can say it was worth every second. I was an indicator only trader before and I was never happy with my results and the feeling I had when I traded. When I read this threat I traded some of the described signals by the way and it was a complete new trading experience. This was the first time I have understand why things happen and how to handle situations the right way. As I finished reading this thread I saved nearly 300 sides of information and took over...

Yes there is a awesome amount of great information giving freely here. I am in the process of Trying to put it in a more cohesive linear fashion from what i think is the way the trades unfold. The post are Jpgs and numbered in a fashion so if saved to a file they will open in order. Plus I think it will be turned into a pdf once it is finished.. Yes ask away I am not the best trader here I do know the technical rules pretty well though.

Unfortunatelly with trading full time as well, the post are spread out at the moment. I will probablly repost them all, over a weekend once complete. So they will be easier to save..

I know I have seen you in here a while and as with me I think you will find this info of great vallue .. even if used with a different strategy a lot of the ideas do give a clearer picture as to what is really happening.

Welcome Ken
Good Trading To All ; Ken Lee
  • #26,312
  • Sep 28, 2009 8:58am Sep 28, 2009 8:58am
Was looking to go long on the misstress but the last 1hr pin and now the looks of this 1hr bar about to close has me scratching my head
  • #26,313
  • Sep 28, 2009 9:03am Sep 28, 2009 9:03am
Short at 131.00 trade what ya see
  • #26,314
  • Sep 28, 2009 9:26am Sep 28, 2009 9:26am
Quoting KENNETH lEE
Yes there is a awesome amount of great information giving freely here. I am in the process of Trying to put it in a more cohesive linear fashion from what i think is the way the trades unfold. The post are Jpgs and numbered in a fashion so if saved to a file they will open in order. Plus I think it will be turned into a pdf once it is finished.....
Yes normally you have to pay alot of money for such a massive amount of information. Good that you all do it for free .

Wasn't there a GBP/USd 35/50 cross last 15 min candle?
  • #26,315
  • Sep 28, 2009 9:33am Sep 28, 2009 9:33am
Quoting MCFly
Yes normally you have to pay alot of money for such a massive amount of information. Good that you all do it for free .

Wasn't there a GBP/USd 35/50 cross last 15 min candle?
Yes there was a cross.

As for the money for all the info: You can send it to me if you like since EO and Infinity aren't around and Ken's independently wealthy anyway. My grandfather, Pippi, is also wealthy, so you don't have to send it to him, either.
Hi, my name is Barry and you can keep your doctor...
  • #26,316
  • Sep 28, 2009 9:33am Sep 28, 2009 9:33am
Quoting MCFly
Yes normally you have to pay alot of money for such a massive amount of information. Good that you all do it for free .

Wasn't there a GBP/USd 35/50 cross last 15 min candle?

Only one that closed so you could enter after the close though big red candle then it went back and retested the 35 sma
Good Trading To All ; Ken Lee
  • #26,317
  • Sep 28, 2009 10:22am Sep 28, 2009 10:22am
The mrs trying to break 1.5900 push to 1.5921 area then back and then head on
  • #26,318
  • Sep 28, 2009 10:24am Sep 28, 2009 10:24am
Maybe she needs a running start lol!!
  • #26,319
  • Sep 28, 2009 10:28am Sep 28, 2009 10:28am
Cisco breakout your bullwhip she really needs to close above 1.5900
  • #26,320
  • Sep 28, 2009 10:29am Sep 28, 2009 10:29am
As I've trudged through this ancient life of mine I've marveled at the many mysteries that have occurred. Things like how were the pyramids really built. Or, are we really the only planet with life forms? One of the biggest ones for me has been what happens to that second sock in the dryer. Where does it disappear to?

Now there's even a bigger mystery, wtf happened to EO? Anybody know?
Hi, my name is Barry and you can keep your doctor...
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