Trade what you see NOT what you expect | Page 1333 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why did you start trading and what do you expect from it? 19 replies

How soon after you put on a trade do you expect to be "in the money"? 28 replies

How do you see trading - Do you see it as a means to an end? 12 replies

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #26,641
  • Oct 13, 2009 11:41am Oct 13, 2009 11:41am
Quoting KENNETH lEE
There were lots of breakout trades today...
Yeah well lots of things to learn, obviously. :-)

I am pretty much a s/r trend trader at this point but am interested in learning MA PA type trading, so I will start watching my charts and plowing through this thread in a SERIOUS manner as opposed to just the brief scanning I was giving it before.

So thanks for your hard work and continued teaching.
  • #26,642
  • Oct 13, 2009 11:45am Oct 13, 2009 11:45am
Quoting KENNETH lEE
There were lots of breakout trades today...
Great chart Ken, today has been a real
  • #26,643
  • Oct 13, 2009 11:47am Oct 13, 2009 11:47am
Quoting sandpipper
Yeah well lots of things to learn, obviously. :-)

I am pretty much a s/r trend trader at this point but am interested in learning MA PA type trading, so I will start watching my charts and plowing through this thread in a SERIOUS manner as opposed to just the brief scanning I was giving it before.

So thanks for your hard work and continued teaching.

I am pretty much a s/r trend trader, Just switch Major Ma's for S/R and Trend .. That will give you a lot more oppurtunities.. Just trade the same as always..
Good Trading To All ; Ken Lee
  • #26,644
  • Oct 13, 2009 12:18pm Oct 13, 2009 12:18pm
Quoting KENNETH lEE
There were lots of breakout trades today...
Hi Ken,

first of all did you have taken all the trades which you have marked in your last chart?

I have drawn a cycle arround a hangman which looks like a long reentry possibility. I know that you like to see a green hangman to go long but wasn't this a valid set up?
Attached Image (click to enlarge)
Click to Enlarge Name: misc GBP Chart.jpg Size: 187 KB
  • #26,645
  • Oct 13, 2009 12:25pm Oct 13, 2009 12:25pm
Quoting MCFly
Hi Ken,

first of all did you have taken all the trades which you have marked in your last chart?

I have drawn a cycle arround a hangman which looks like a long reentry possibility. I know that you like to see a green hangman to go long but wasn't this a valid set up?
Hey Mc i took that bad boy, got an entry of 87 got 50% out for +15 pips and the rest went for flat...thats just the way it go's and why i use 2 positions.

Plus i got stopped out shorting the h1 62 ema the first time( due to me getting freaked ) but re shorted it and made up the diff.

Stricktly speaking i should still have a long in running but i dont cos im and still not letting em run for long enough!
  • #26,646
  • Oct 13, 2009 12:30pm Oct 13, 2009 12:30pm
Quoting MCFly
Hi Ken,

first of all did you have taken all the trades which you have marked in your last chart?

I have drawn a cycle arround a hangman which looks like a long reentry possibility. I know that you like to see a green hangman to go long but wasn't this a valid set up?
It is a Hammer the Hangman is a bearish signal.. Plus read the No. 1 critiria .. rule .. Price was moving sideways and the price and MA's were coming together .. Sometimes this workout but they also cause most failure of these signals.
Attached Image (click to enlarge)
Click to Enlarge Name: 17 Hammer.jpg Size: 171 KB
Good Trading To All ; Ken Lee
  • #26,647
  • Oct 13, 2009 12:36pm Oct 13, 2009 12:36pm
Quoting lazyboy
Hey Mc i took that bad boy, got an entry of 87 got 50% out for +15 pips and the rest went for flat...thats just the way it go's and why i use 2 positions.

Plus i got stopped out shorting the h1 62 ema the first time( due to me getting freaked ) but re shorted it and made up the diff.

Stricktly speaking i should still have a long in running but i dont cos im and still not letting em run for long enough!
Hey lazyboy,

looks like you master the EO system very well. Keep up the good work!
  • #26,648
  • Oct 13, 2009 1:11pm Oct 13, 2009 1:11pm
I can see it. I'm not hopeless.
Attached Image (click to enlarge)
Click to Enlarge Name: Bild1.jpg Size: 170 KB
  • #26,649
  • Oct 13, 2009 2:01pm Oct 13, 2009 2:01pm
Quoting MCFly
I can see it. I'm not hopeless.
Yeah! nice spot

If you took that signal at the close of that candle circled you could have used a 20 pip stop and would have already covered 50% for 20 pips and now its an easy and free ride...(i didnt get it as its time for food and stuff)

Great work MC.
  • #26,650
  • Oct 13, 2009 3:16pm Oct 13, 2009 3:16pm
Here is a chart showing possible entry areas in refrence with Session opening times .. Interesting
Attached Image (click to enlarge)
Click to Enlarge Name: Oct 13th.jpg Size: 198 KB
Good Trading To All ; Ken Lee
  • #26,651
  • Oct 14, 2009 7:59am Oct 14, 2009 7:59am
Good morning, thread.
I hope it's not dead.
Attached Image
  • #26,652
  • Oct 14, 2009 8:01am Oct 14, 2009 8:01am
Something to think about.


Stock bulls await the dollar's collapse
Hi, my name is Barry and you can keep your doctor...
  • #26,653
  • Oct 14, 2009 8:12am Oct 14, 2009 8:12am
Quoting cisco
Something to think about.


Stock bulls await the dollar's collapse

Thanks for sharing.

I think this is the one of thread goals - to share info.
Nobody can find and read all good studies.
  • #26,654
  • Oct 14, 2009 10:50am Oct 14, 2009 10:50am
Hi everybody in this wonderful thread!

I've been lurking here and studying this method for quite a while now,
and finally I started using it. Here is my first trade on EJ for 17 pips.
It was 35/50 Cross Reversal Trade:

Attached Image (click to enlarge)
Click to Enlarge Name: 20091014_EJ_35-50_cross.png Size: 30 KB


Please comment on this, if it was correct trade.


I hope to be successful with this method as you guys and girls here!
  • #26,655
  • Oct 14, 2009 12:31pm Oct 14, 2009 12:31pm
Quoting Attraction
Hi everybody in this wonderful thread!

I've been lurking here and studying this method for quite a while now,
and finally I started using it. Here is my first trade on EJ for 17 pips.
It was 35/50 Cross Reversal Trade:

Attachment

Please comment on this, if it was correct trade.


I hope to be successful with this method as you guys and girls here!
Congratulations on your first trade with it, I'm sure there will be many more to come
  • #26,656
  • Oct 15, 2009 7:40am Oct 15, 2009 7:40am
Hi,

when nobody wants to show his trades I'll post my last two superior trades

The first trade I entered a short position after the two candles in the cycle. At that time the price touched the 35sma and the 50 ema at the daily timeframe. I thought "hey, maybe it's a good idea to short a bounce of the ma's" and the chart said "forget it" . The second trade was a winner. I sold below the open of the previous candle which formed the high. This trade gave me 24 pips.

Comments are welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: Bild2.png Size: 421 KB
  • #26,657
  • Oct 15, 2009 8:44am Oct 15, 2009 8:44am
This might be a good spot to head back down time will tell. Heres a setup developing I know its different tf,pair,apples and oranges but the candle pattern is the same. Look closely at e/j 15m pattern the nice wick the next candle opens and closes in the wick doesnt pierce the high,could short on open of next candle but safer to wait for conformation a hanging man or a red candle not piercing the high. Both have round numbers overhead with nice run ups worth watching!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15m euro yen.gif Size: 18 KB
Click to Enlarge Name: 4hrpound.gif Size: 14 KB
  • #26,658
  • Oct 15, 2009 9:21am Oct 15, 2009 9:21am
Heres my 15m chart with the s/r lines, ma's racing up if price breaks down past 1.6226 then comes back to retest I'll short, a break above the green level and a retest then long at this point Id prefer a short but Ill wait and See!!
Attached Image (click to enlarge)
Click to Enlarge Name: 15mpound.gif Size: 18 KB
  • #26,659
  • Oct 15, 2009 9:59am Oct 15, 2009 9:59am
Which way did you go?
  • #26,660
  • Oct 15, 2009 10:17am Oct 15, 2009 10:17am
Quoting mary4x
Which way did you go?
short at 1.6276
9 traders viewing now