Trade what you see NOT what you expect | Page 1340 | 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

  • #26,781
  • Oct 20, 2009 11:38am Oct 20, 2009 11:38am
Anyone holding a position?
Just digging in the trenches like everyone else!
  • #26,782
  • Oct 20, 2009 11:40am Oct 20, 2009 11:40am
long at 6340...covered
  • #26,783
  • Oct 20, 2009 11:42am Oct 20, 2009 11:42am
Quoting Shilva
long at 6340...covered
Nice!
Just digging in the trenches like everyone else!
  • #26,784
  • Oct 20, 2009 11:58am Oct 20, 2009 11:58am
No position right now, glad to see you around the house, the house that EO built lol!!
Please ask questions and share your experiences with us all!
  • #26,785
  • Oct 20, 2009 12:15pm Oct 20, 2009 12:15pm
Hello Everyone! Well I guess it's about time to introduce myself. I am a pilot from Canada who has been following this thread for a few months after hearing about it from Ken at Babypips. (Thanks for the info Ken!) I've been trying to learn the ways of the local masters and have been trading the system live now for a couple of weeks and making slow progress. I will be trading as much as I can during the day and some Asian sessions here and there depending on my schedule. I look forward to meeting everyone and contributing as much as I can. I want to say thanks to all who contribute and make this thread so awesome.

Thanks

The Captain.
Cap
  • #26,786
  • Oct 20, 2009 12:24pm Oct 20, 2009 12:24pm
spiked out on my long
  • #26,787
  • Oct 20, 2009 12:44pm Oct 20, 2009 12:44pm
Quoting eohater
Thanks brother! Trading is good, everything else SUCKS! It's getting worked out though.
thats good bro! that things are getting better, its positive at least..its nice to u see u back man!
  • #26,788
  • Oct 20, 2009 1:13pm Oct 20, 2009 1:13pm
Nice 62 ema trade
Attached Image (click to enlarge)
Click to Enlarge Name: Misc EJ Chart.JPG Size: 125 KB
Good Trading To All ; Ken Lee
  • #26,789
  • Oct 20, 2009 1:22pm Oct 20, 2009 1:22pm
Hi guys,

How did you trade the reversal marked in the green box. Which one of the three DBHLC to take and why? The first one was right under the longterm down TL from 2007.

Please see attached chart.

Cheers

Thomas
Attached Image (click to enlarge)
Click to Enlarge Name: 2009.10.21.gif Size: 26 KB
  • #26,790
  • Oct 20, 2009 1:34pm Oct 20, 2009 1:34pm
Quoting tdeu
Hi guys,

How did you trade the reversal marked in the green box. Which one of the three DBHLC to take and why? The first one was right under the longterm down TL from 2007.

Please see attached chart.

Cheers

Thomas
I took it out of the 648x area twice and got paid nice both times on it. I see what your saying about the dbhlc prior, but if you would have looked at higher tf, you would have seen how she could have moved to 6500. I took the DBHLC the 2nd time off the h1 when she closed then went back up to test the opening price of the dbhlc candle. She then dropped over 150 pips. All in my bag waiting to catch them. Don't forget to look at your htf. They are a must. Just like the long I took at 636x that I rode to the top. The h4/h1 and m15 all supported the move.
Just digging in the trenches like everyone else!
  • #26,791
  • Oct 20, 2009 1:54pm Oct 20, 2009 1:54pm
Quoting eohater
I took it out of the 648x area twice and got paid nice both times on it. I see what your saying about the dbhlc prior, but if you would have looked at higher tf, you would have seen how she could have moved to 6500. I took the DBHLC the 2nd time off the h1 when she closed then went back up to test the opening price of the dbhlc candle. She then dropped over 150 pips. All in my bag waiting to catch them. Don't forget to look at your htf. They are a must. Just like the long I took at 636x that I rode to the top. The h4/h1 and m15 all supported the...
I have been doing this for almost 5 years and I have FINALLY got use to looking at the htf before making my decision on the trade and it is the biggest help I have found.Yeah I know 5 years to figure that out is a long time but I am a little hard headed!!
Please ask questions and share your experiences with us all!
  • #26,792
  • Oct 20, 2009 2:04pm Oct 20, 2009 2:04pm
Quoting bkg102665
I have been doing this for almost 5 years and I have FINALLY got use to looking at the htf before making my decision on the trade and it is the biggest help I have found.Yeah I know 5 years to figure that out is a long time but I am a little hard headed!!
Glad you've finally figured it out. The HTF are important. We use the m15 for our entries to minimize draw downs. Not that I won't enter a trade off of the h4 or daily and walk away, but when it comes to intraday trading, the m15 is my entry off of the HTF. Even if one only looks at the h4 and h1 and not the daily, they should be able to bring in positive pippage everyday. It only takes one setup to make it in this industry. Whether it's a wait for the breakout then buy off the 21 on the m15 or selling the prior days high or buying the prior days low. There are numerous setups that we've tried to lay out for people, it's up to them to find the one that fits them best.
Just digging in the trenches like everyone else!
  • #26,793
  • Oct 20, 2009 3:43pm Oct 20, 2009 3:43pm
Quoting The Captain
Hello Everyone! Well I guess it's about time to introduce myself. I am a pilot from Canada who has been following this thread for a few months after hearing about it from Ken at Babypips. (Thanks for the info Ken!) I've been trying to learn the ways of the local masters and have been trading the system live now for a couple of weeks and making slow progress. I will be trading as much as I can during the day and some Asian sessions here and there depending on my schedule. I look forward to meeting everyone and contributing as much as I can. I want...

Welcome to the thread.. If you have any questions just ask they will get answered at some point... This is a good place to hangout .. Not alot of trades here during asia but if you save a your question with a chart would be great help will arrive... Trade Well Ken
Good Trading To All ; Ken Lee
  • #26,794
  • Oct 20, 2009 3:47pm Oct 20, 2009 3:47pm
I am trying a short from 1.6387 and have a tight sl @ 1.6397 and tp @ 1.6367
Please ask questions and share your experiences with us all!
  • #26,795
  • Oct 20, 2009 4:04pm Oct 20, 2009 4:04pm
my view for the next 12-24 hours
very possible for a higher high but a def bear flag in my book forming for now
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 150 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #26,796
  • Oct 20, 2009 4:33pm Oct 20, 2009 4:33pm
Quoting bkg102665
I am trying a short from 1.6387 and have a tight sl @ 1.6397 and tp @ 1.6367
Thats great your still fillin your bag
  • #26,797
  • Oct 20, 2009 4:49pm Oct 20, 2009 4:49pm
Quoting 4fun
Thats great your still fillin your bag
This is the craziest candle, gone up 20 pips on nothing but lucky for me I had locked in +7 pips
Please ask questions and share your experiences with us all!
  • #26,798
  • Oct 20, 2009 4:53pm Oct 20, 2009 4:53pm
Wow just saw that, glad you got some you were just 1 pip away from your goal, my daily candle closes in about 5min will try to stay awake or set my alarm for London open
  • #26,799
  • Oct 20, 2009 4:57pm Oct 20, 2009 4:57pm
Quoting 4fun
Wow just saw that, glad you got some you were just 1 pip away from your goal, my daily candle closes in about 5min will try to stay awake or set my alarm for London open
I see it looks like you are from Arizona so London opens at what time for you
Please ask questions and share your experiences with us all!
  • #26,800
  • Oct 20, 2009 4:59pm Oct 20, 2009 4:59pm
Midnight its a really tough time for me
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