Trade what you see NOT what you expect | Page 1328 | 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

  • #26,541
  • Oct 9, 2009 7:31am Oct 9, 2009 7:31am
Quoting Komissar
And my 2 cents - double bottom?
it's high probability of double bottom like you've said... we shouldn't underestimate the power of confluence... and it's happening just around the block all the moving averages, fibonaccie 50% and the price action... currently heading south. if that's the case then i'm gonna wait for break on the neck and see for a less risk high probable trade.
Success consists of going from failure to failure without loss of enthusiam
  • #26,542
  • Oct 9, 2009 7:39am Oct 9, 2009 7:39am
It doesn't always work out this way for me but thanks to all the guys hard work on here I am beginning to read the charts....

haleeeeeeeelulaaaa.


Sorry back to my studies



Quoting lazyboy
Forgot to mentiion I closed out my long at 1.60 from 1.5950.. some days it works out ok
nice one rob, thats awesome....i think thats about the sweetest set up for a short on the h1 and m15. entry dead on 16.000 tp 50% at 15 pips and running the rest targeting 950.[/quote]
  • #26,543
  • Oct 9, 2009 7:40am Oct 9, 2009 7:40am
Quoting robgsxr
Hi Guys

Mcfly, if this helps at all:
I shorted half my lot at the 15min 35 touch and other half at 1.600. The 1 hour close below 62 ema gave me more confidence to leave them both running. Covered now and taking more off around 5960 to 70.
I agree with Ken the 4hr close could entice a lot of buyers around the lower part of the 4 hour wick.

We will see
Forgot to mentiion I closed out my long at 1.60 from 1.5950.. some days it works out ok [/quote]

Very nice.
May I ask you where you placed you SL when you took the short?
  • #26,544
  • Oct 9, 2009 7:50am Oct 9, 2009 7:50am
SL 1.6027 purely to give +25 pips above double zero



Quoting MCFly
Forgot to mentiion I closed out my long at 1.60 from 1.5950.. some days it works out ok
Very nice.
May I ask you where you placed you SL when you took the short?[/quote]
  • #26,545
  • Oct 9, 2009 7:58am Oct 9, 2009 7:58am
Quoting robgsxr
SL 1.6027 purely to give +25 pips above double zero





Very nice.
May I ask you where you placed you SL when you took the short?
[/quote]

mine was 6015 just above some prior pa.
  • #26,546
  • Oct 9, 2009 8:06am Oct 9, 2009 8:06am
still hanging on to last 50% for now, due to the very bearish bar on h1 previous bar, lets see if that gives us some follow through....
  • #26,547
  • Oct 9, 2009 8:06am Oct 9, 2009 8:06am


lets see what happens at these 1.5925 to 594xx levels

various support here to jump on a long

mine was 6015 just above some prior pa.[/quote]
  • #26,548
  • Oct 9, 2009 8:11am Oct 9, 2009 8:11am
Quoting robgsxr


lets see what happens at these 1.5925 to 594xx levels

various support here to jump on a long

mine was 6015 just above some prior pa.
[/quote]

yep have covered the remainder there at 50, this has stopped growling and started going mooo!

gonna get some food
  • #26,549
  • Oct 9, 2009 8:14am Oct 9, 2009 8:14am
Could still be good..
This mornings targets for shorts were 1.5925 and 1.586 so probably lots of sellers eyeing those areas and I don't see any 15 min candles leading us up yet?

Quoting lazyboy
still hanging on to last 50% for now, due to the very bearish bar on h1 previous bar, lets see if that gives us some follow through....
  • #26,550
  • Oct 9, 2009 8:40am Oct 9, 2009 8:40am
Quoting robgsxr
Could still be good..
This mornings targets for shorts were 1.5925 and 1.586 so probably lots of sellers eyeing those areas and I don't see any 15 min candles leading us up yet?
the previous 15 min candle looked bullish
  • #26,551
  • Oct 9, 2009 8:56am Oct 9, 2009 8:56am
My long
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  • #26,552
  • Oct 9, 2009 9:06am Oct 9, 2009 9:06am
Bought 5918 sold 5933. It was not a basic EO set up. The entry was based on a strong bullish divergernce on the 5 min tf.
  • #26,553
  • Oct 9, 2009 9:07am Oct 9, 2009 9:07am
False signal,

It seems the .5925 area is not even holding as support.

Someone mentioned U.S. is on hol Monday. Maybe this is influencing orders being held over the weekend.

I must call it a week too.. Trade well everyone and Have a great weekend






Quoting MCFly
the previous 15 min candle looked bullish
  • #26,554
  • Oct 9, 2009 9:32am Oct 9, 2009 9:32am
Quoting paidperpip
Hi there!

Well, I have just been introduced to this thread by another trader, and I must say, there is a stack of reading to be done!

I have the PDF, and am trying to make my way through the posts. The inevitable question is though, has the thread changed much since the beginning, or is the core of it the much the same as day one? If it has changed, does anyone know where abouts in the thread's lengthy history I should make a start on it?

By the looks of things, there are some exciting things going on here, and I am happy to be on board,...
Welcome to the thread! The core of this method of trading has not changed! Read your PDF, you'll be able to skim through most of the posts on the thread once you've gone through the PDF. There are some days that we've filled up pages with BS. The technical parameters of the system are the same. Day in and day out, this is how I trade.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #26,555
  • Oct 9, 2009 9:41am Oct 9, 2009 9:41am
EO could You tell about MM... MAx SL trades for one Day. oR max Profit
what your MM style?

.. P.S. I am happy that You back at thread..
  • #26,556
  • Oct 9, 2009 9:44am Oct 9, 2009 9:44am
Good Morning EO .... Happy Friday
Good Trading To All ; Ken Lee
  • #26,557
  • Oct 9, 2009 9:46am Oct 9, 2009 9:46am
Quoting InDjaLV
EO could You tell about MM... MAx SL trades for one Day. oR max Profit
what your MM style?

.. P.S. I am happy that You back at thread..
MM is a personal choice! I recommend not exceeding more than 3% of your account risk per trade. As to SL, it depends upon the time frame of the trade being placed, ie m15, h1, h4. As to my max profit for a day, I don't have one! I'll trade her til the cows come home even after I hit my daily goal. I know one trader who keeps his SL to 15-20 per trade and turns a very nice profit. Myself, I usually leave mine open for around 35-40.
Just digging in the trenches like everyone else!
  • #26,558
  • Oct 9, 2009 9:52am Oct 9, 2009 9:52am
Quoting KENNETH lEE
Good Morning EO .... Happy Friday
Just digging in the trenches like everyone else!
  • #26,559
  • Oct 9, 2009 10:02am Oct 9, 2009 10:02am
Quoting eohater
MM is a personal choice! I recommend not exceeding more than 3% of your account risk per trade. As to SL, it depends upon the time frame of the trade being placed, ie m15, h1, h4. As to my max profit for a day, I don't have one! I'll trade her til the cows come home even after I hit my daily goal. I know one trader who keeps his SL to 15-20 per trade and turns a very nice profit. Myself, I usually leave mine open for around 35-40.
Hello eo,

I hope the questions don't mind you.

When you say you leave your position open for arround 35-40 pips does it mean you leave the full position open?

If you get a hammer in the end of a downtrend and you enter long do you close the trade when one of the future candles closes below the lower wick of the hammer or do you wait till your SL is hit?
  • #26,560
  • Oct 9, 2009 10:02am Oct 9, 2009 10:02am
My first E/J trade with this system. I'm short.
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