Trade what you see NOT what you expect | Page 1325 | 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 NOT what you expect

  • #26,481
  • Oct 7, 2009 10:41am Oct 7, 2009 10:41am
I took a short GBP/USd @5912
  • #26,482
  • Oct 7, 2009 10:51am Oct 7, 2009 10:51am
Quoting MCFly
I took a short GBP/USd @5912
Covered the position near the 50 ema or 5897.
  • #26,483
  • Oct 7, 2009 10:54am Oct 7, 2009 10:54am
Quoting MCFly
Covered the position near the 50 ema or 5897.
Learning fast McFly

The thing I enjoy most about this way of trading is that in loads of other threads people are having a hard time trading this and we are still going strong.
  • #26,484
  • Oct 7, 2009 11:05am Oct 7, 2009 11:05am
Quoting luckylady
Learning fast McFly

The thing I enjoy most about this way of trading is that in loads of other threads people are having a hard time trading this and we are still going strong.
Yeah because we get great low risk entrys = tight stops but the key imo is keeping a runner in there...I sure as hell can't predict when its gonna run 100 pips or 15 but as soon as I tp on 50 % and move the stop to flat who cares its a free ride whatever happens
  • #26,485
  • Oct 7, 2009 11:06am Oct 7, 2009 11:06am
Quoting luckylady
Learning fast McFly

The thing I enjoy most about this way of trading is that in loads of other threads people are having a hard time trading this and we are still going strong.
Thank you but I'm still far away from being a skilled trader like the good guys and women in this thread. But I'm getting better.
  • #26,486
  • Oct 7, 2009 11:23am Oct 7, 2009 11:23am
Quoting lazyboy
Yeah because we get great low risk entrys = tight stops but the key imo is keeping a runner in there...I sure as hell can't predict when its gonna run 100 pips or 15 but as soon as I tp on 50 % and move the stop to flat who cares its a free ride whatever happens
At the moment I can't trade like that because my broker won't allow hedging, so I am more like Ken where I will take what I can otherwise if I already have a short in I can't then place a long if I see it. My broker also has the FIFO rule and if I had several longs even small ones I would have to close the first one put in even though it might not be the one I want to close, so for now its going to have to be scalping. Once I can afford to have 2 different accounts, one for longs and one for shorts like several do in here, I will do that.
  • #26,487
  • Oct 7, 2009 11:56am Oct 7, 2009 11:56am
Quoting luckylady
At the moment I can't trade like that because my broker won't allow hedging, so I am more like Ken where I will take what I can otherwise if I already have a short in I can't then place a long if I see it. My broker also has the FIFO rule and if I had several longs even small ones I would have to close the first one put in even though it might not be the one I want to close, so for now its going to have to be scalping. Once I can afford to have 2 different accounts, one for longs and one for shorts like several do in here, I will do that.
Ah ok that's cool, I'm not heging yet either only going one direction...one step at a time

Hope your still doing great, any more 80% weeks??

Way to go mcfly always good to see others making green pips.
  • #26,488
  • Oct 7, 2009 4:42pm Oct 7, 2009 4:42pm
Quoting lazyboy
Ah ok that's cool, I'm not heging yet either only going one direction...one step at a time

Hope your still doing great, any more 80% weeks??

Way to go mcfly always good to see others making green pips.
Still doing great thanks lazyboy
  • #26,489
  • Oct 7, 2009 9:54pm Oct 7, 2009 9:54pm
Hey guys! Just because Infinity and I have not been around, does not mean the mechanics of the system have changed. I have some issues I'm working out atm that require my attention greatly. I will be back, just don't know when. We have some great traders in the thread, so don't be afraid to share and collaborate!

Trade well!
EO
Just digging in the trenches like everyone else!
  • #26,490
  • Oct 8, 2009 12:41am Oct 8, 2009 12:41am
Quoting eohater
Hey guys! Just because Infinity and I have not been around, does not mean the mechanics of the system have changed. I have some issues I'm working out atm that require my attention greatly. I will be back, just don't know when. We have some great traders in the thread, so don't be afraid to share and collaborate!

Trade well!
EO
Great to hear from you EO you're greatly missed but we will try to keep the place tidy while you're gone and do our homework on time....won't we everyone
  • #26,491
  • Oct 8, 2009 3:11am Oct 8, 2009 3:11am
Hi EO,

Thats all we needed to know that you are safe and well.

Hope your issues are not to bad and we see you back soon.

Rob

Quoting eohater
Hey guys! Just because Infinity and I have not been around, does not mean the mechanics of the system have changed. I have some issues I'm working out atm that require my attention greatly. I will be back, just don't know when. We have some great traders in the thread, so don't be afraid to share and collaborate!

Trade well!
EO
  • #26,492
  • Oct 8, 2009 3:19am Oct 8, 2009 3:19am
Yes we will

but there may be one or two who still meet with bob behind the bike sheds

Quoting luckylady
Great to hear from you EO you're greatly missed but we will try to keep the place tidy while you're gone and do our homework on time....won't we everyone
  • #26,493
  • Oct 8, 2009 6:21am Oct 8, 2009 6:21am
Hello all,

I had a negative trade today. I entered after the two marked candles. I thought the price showed weakness after the first top. Looked like we get a lower high. I took the trend when the next candle opened and placed a SL a few pipes above the old high. My plan was to exit when a candles closes above the high of the first candle in the cycle. Unfortunately she hit my SL before she came back and closed near the high of the first candle in the cycle.

Any thoughts or hints are welcome.
Attached Image (click to enlarge)
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  • #26,494
  • Oct 8, 2009 6:22am Oct 8, 2009 6:22am


Have you noticed, that the more you hurry, the slower you go?

The more you wait, the longer it takes?

The more you worry, the less you dream?

But the more you live, love, and laugh, the more you live, love, and laugh.


Weird?

First line of this quote could be applied to trading . The more we rush trades the worste we do ..Patience..Wait for it! Wait for it ! Wait for it ! NOW!!!

Everyone have a great day.. Ken
Good Trading To All ; Ken Lee
  • #26,495
  • Oct 8, 2009 6:42am Oct 8, 2009 6:42am
Quoting MCFly
Hello all,

I had a negative trade today. I entered after the two marked candles. I thought the price showed weakness after the first top. Looked like we get a lower high. I took the trend when the next candle opened and placed a SL a few pipes above the old high. My plan was to exit when a candles closes above the high of the first candle in the cycle. Unfortunately she hit my SL before she came back and closed near the high of the first candle in the cycle.

Any thoughts or hints are welcome.

Just some thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: misc GBP Chart.jpg Size: 197 KB
Good Trading To All ; Ken Lee
  • #26,496
  • Oct 8, 2009 7:40am Oct 8, 2009 7:40am
I took SL in the same place.. same mistake..
  • #26,497
  • Oct 8, 2009 7:42am Oct 8, 2009 7:42am
Hope everyone is doing well and banking some good pips. I have been dealing with the H1N1 virus but I'm on the mend.

Safe Trading!
  • #26,498
  • Oct 8, 2009 7:48am Oct 8, 2009 7:48am
Quoting KENNETH lEE
Just some thoughts
Hi Ken,

your comments had enlightened me. That's right there was no s/r area or a touch of an important MA on one of the higher timeframes when I entered. I only speculated for a fall after the weakness. It was a situation like "the PA gives you a second chance to enter after you missed the first high".
  • #26,499
  • Oct 8, 2009 7:50am Oct 8, 2009 7:50am
Quoting InDjaLV
I took SL in the same place.. same mistake..


I hope we both have learned something.
  • #26,500
  • Oct 8, 2009 7:51am Oct 8, 2009 7:51am
Quoting PippiNole
Hope everyone is doing well and banking some good pips. I have been dealing with the H1N1 virus but I'm on the mend.

Safe Trading!
Get well soon.
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