Trade what you see NOT what you expect | Page 1317 | 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

  • #26,321
  • Sep 28, 2009 10:32am Sep 28, 2009 10:32am
Whats with1.5912 it really needs to go
  • #26,322
  • Sep 28, 2009 10:33am Sep 28, 2009 10:33am
Quoting 4fun
Cisco breakout your bullwhip she really needs to close above 1.5900
I'm guessing you're holding a long. We're coming into resistance here so be careful.

Gotta run. Time to get my ashes hauled.
Hi, my name is Barry and you can keep your doctor...
  • #26,323
  • Sep 28, 2009 10:33am Sep 28, 2009 10:33am
Quoting cisco
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?

I believe it is bussiness related.. But not for sure .. I hope he is well and look forward to him and the others coming back ,, Surelly we haven't been sent out into the wilds on our own already.. LOL
Good Trading To All ; Ken Lee
  • #26,324
  • Sep 28, 2009 10:34am Sep 28, 2009 10:34am
Quoting cisco
I'm guessing you're holding a long. We're coming into resistance here so be careful.

Gotta run. Time to get my ashes hauled.

Good guesser
  • #26,325
  • Sep 28, 2009 10:42am Sep 28, 2009 10:42am
Yea
  • #26,326
  • Sep 28, 2009 10:42am Sep 28, 2009 10:42am
Were at last thurs and fri day low
  • #26,327
  • Sep 28, 2009 10:44am Sep 28, 2009 10:44am
Quoting KENNETH lEE
Only one that closed so you could enter after the close though big red candle then it went back and retested the 35 sma
I think the PA crossed two times the 35/50 MAs. I refered to the second one. The next candle closed above the MAs and I closed the position and reversed.
Attached Image (click to enlarge)
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  • #26,328
  • Sep 28, 2009 10:46am Sep 28, 2009 10:46am
If this can turn support might have something, have a good day all have to head out cya en la manana
  • #26,329
  • Sep 28, 2009 12:07pm Sep 28, 2009 12:07pm
Quoting KENNETH lEE
I believe it is bussiness related.. But not for sure .. I hope he is well and look forward to him and the others coming back ,, Surelly we haven't been sent out into the wilds on our own already.. LOL
He was serious about becoming a bank!
  • #26,330
  • Sep 28, 2009 12:39pm Sep 28, 2009 12:39pm
Quoting cisco
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.
Do you accept a payment by check?

On the screenshot below you can see my last 2 trades. I hope they are okay.

Now I don't know how to act on the next situation. Looks like a reversal with a not ideal formed hangman(?). The problem is that the set up occured very close to the MAs and the MAs are very close to eachother. I would normaly cover the first portion of my trade at the nearest MA but in this case I see alot of resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: Bild1.jpg Size: 136 KB
  • #26,331
  • Sep 28, 2009 12:49pm Sep 28, 2009 12:49pm
Quoting MCFly
Do you accept a payment by check?

On the screenshot below you can see my last 2 trades. I hope they are okay.

Now I don't know how to act on the next situation. Looks like a reversal with a not ideal formed hangman(?). The problem is that the set up occured very close to the MAs and the MAs are very close to eachother. I would normaly cover the first portion of my trade at the nearest MA but in this case I see alot of resistance.
Hey man, nice work your learning fast....looks like your using gft? How you finding it ? Are you using the fx or spread betting side as I'm considering moving to them....
  • #26,332
  • Sep 28, 2009 2:31pm Sep 28, 2009 2:31pm
Quoting lazyboy
Hey man, nice work your learning fast....looks like your using gft? How you finding it ? Are you using the fx or spread betting side as I'm considering moving to them....
Hello,

sry for the late answer. Yes when you read the thread you learn alot . I'm client of a broker who uses the gft platform as a white label. It's a broker from luxembourg. It's not the cheapest broker (EUR/USD 2 Pips; GBP/USd 4 Pips) but it is the fairest broker out there. No spread widening even during news times, no stop hunting, fast order execution, a very good support and safe funds.

The problem is when I traded an indicator based system I used MT4 for charting and the broker platform for trading. Now I follow the "trade what you see" method and I can chart and trade on the same platform. This means I have to learn all aspects of the trading software first. But what I have seen so far is really good. Ken uses the gft platform for charting. Maybe he can give you a short overview.
  • #26,333
  • Sep 28, 2009 3:50pm Sep 28, 2009 3:50pm
If you guys let me know how many screens your running I could make you a layout for your platform. I have a few different ones already. Plus I would have to E-mail it because of the format.. So PM me.. Ken
Good Trading To All ; Ken Lee
  • #26,334
  • Sep 29, 2009 12:43am Sep 29, 2009 12:43am
Quoting KENNETH lEE
If you guys let me know how many screens your running I could make you a layout for your platform. I have a few different ones already. Plus I would have to E-mail it because of the format.. So PM me.. Ken
Cheers Ken, I will drop you a pm when I have the acc open
  • #26,335
  • Sep 29, 2009 3:20am Sep 29, 2009 3:20am
Good morning all,

I have another question. On the attached screenshot you can see a candle which shows indecision at a support area. I think this is a signal we would normally not take. The next candle retested the support line and bounced back. Would you take the trade when the support area is retested?
Attached Image (click to enlarge)
Click to Enlarge Name: Bild1.jpg Size: 155 KB
  • #26,336
  • Sep 29, 2009 7:21am Sep 29, 2009 7:21am
My 4hr bar closed a bueob on the mrs looks like it was news related see if the 62 or the 50 ma's on the 1hr can show support
  • #26,337
  • Sep 29, 2009 7:30am Sep 29, 2009 7:30am
Its a tough uphill road if she wants to continue the hike I see the big resistance pockets @ 1.5969, 1.6037, 1.6124 and then at 1.6217 and a tl touch.
  • #26,338
  • Sep 29, 2009 7:35am Sep 29, 2009 7:35am
Here is an indicator which I think some will find useful. What it does, is load all the MA's that EO uses (as per his pdf) onto the chart according to the timeframe. So for instance if you load it onto a 15min chart you will see the MA's for that timeframe, if you then switch to 1hr you will see only the MA's for that timeframe. It will save setting them all up, and also means if you don't want (or haven't got room for) all the different timeframes you can switch easily without having to setup the MA's each time.
Attached File(s)
File Type: ex4 FXGuru-MultiMA.ex4   15 KB | 277 downloads
  • #26,339
  • Sep 29, 2009 7:59am Sep 29, 2009 7:59am
Was lookin for price to come down that last 15m wick never did got left with my thumb out http://www.forexfactory.com/images/icons/icon9.gif
  • #26,340
  • Sep 29, 2009 8:23am Sep 29, 2009 8:23am
Quoting 4fun
Was lookin for price to come down that last 15m wick never did got left with my thumb out http://www.forexfactory.com/images/icons/icon9.gif
What do you think do we get a short on the 15 min? Lower low and maybe a significant candle. Additionally the last 1 h candle was a hangman after the upmove.
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