Trade what you see NOT what you expect | Page 1343 | 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

  • #26,841
  • Oct 21, 2009 5:09pm Oct 21, 2009 5:09pm
Quoting cisco
Pippi, I'm glad to see you're back among the living.

BTW, I read where FSU is trying to get you to donate another million. I think you should. Maybe they could buy a winning football team!
Wow, kick a brother when he is down. Actually the booster donations are way down. Tired of mediocrity for the last 7-8 years. Bowden built the program into what some would call a dynasty but now it seems he can't let go even though we have been mediocre for several years. He is still planning on coming back next year but we will see what happens at season end.

How is your trading going and how is Mrs Robinson?
  • #26,842
  • Oct 21, 2009 6:04pm Oct 21, 2009 6:04pm
Quoting PippiNole
Wow, kick a brother when he is down. Actually the booster donations are way down. Tired of mediocrity for the last 7-8 years. Bowden built the program into what some would call a dynasty but now it seems he can't let go even though we have been mediocre for several years. He is still planning on coming back next year but we will see what happens at season end.

How is your trading going and how is Mrs Robinson?
Sorry, bro. I didn't mean to knock the noles. I've always been a big fan of their team. I was an even bigger fan back when Spurrier was at Gainesville. I didn't like him. He was too big a whiner for my taste.

I haven't been trading much at all for awhile. Too many things going on.

As for Mrs. Robinson, . She does a body good!...if she doesn't kill my physical well being first.
Hi, my name is Barry and you can keep your doctor...
  • #26,843
  • Oct 21, 2009 7:52pm Oct 21, 2009 7:52pm
Hi EO,

Thanks for your comments.

I had the PPA line from the 15min at 6443, 1hr was at 6433 and 4hr was at 6422. Which TF are you taking the PPA lines from? The one you're trading from?

How could you see from the higher TFs, that she would go to 648x?

The daily down trend line from 2007 was around 6440ish.

Cheers

Thomas

Quoting eohater
I took it out of the 648x area twice and got paid nice both times on it....
  • #26,844
  • Oct 21, 2009 11:57pm Oct 21, 2009 11:57pm
I'm obviously not EO but this is why I didn't take the first DBHLC and took the others, at the time of the first DBHLC the 1 hr candle (12-13.00 GMT) was pretty full and bullish, nothing to assume its coming back down yet, however the next candle then couldn't beat the high of the previous and started coming back down and was looking safer to take a down signal on the 15min.
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  • #26,845
  • Oct 22, 2009 1:54am Oct 22, 2009 1:54am
some trades from yesterday afternoon
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Good Trading To All ; Ken Lee
  • #26,846
  • Oct 22, 2009 4:02am Oct 22, 2009 4:02am
hey guys,

how you all doing?

trade set up post retail sales, support at trendline and 1hour 62ema,

also 200sma on 15min,

the sell was instant gratification if any1 caught it off retail sales....

happy trading

ps - infin/eo - where u at bros!!! hope all is well and good
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Trading is 80% Emotional, 20% Technical
  • #26,847
  • Oct 22, 2009 5:58am Oct 22, 2009 5:58am
Quoting fx local
hey guys,

how you all doing?

trade set up post retail sales, support at trendline and 1hour 62ema,

also 200sma on 15min,

the sell was instant gratification if any1 caught it off retail sales....

happy trading

ps - infin/eo - where u at bros!!! hope all is well and good
Yes it is funny even with news releases the ma's get honored.. At times but sometimes the first one may not be the last so becareful and all news trades should have tight stops. But when watching in real time you can judge the action..It was a nice 62 ema bounce also the 200 sma 15 min plus closed right on the 00 ..

Great Trade
Good Trading To All ; Ken Lee
  • #26,848
  • Oct 22, 2009 6:23am Oct 22, 2009 6:23am
Quoting KENNETH lEE
Yes it is funny even with news releases the ma's get honored.. At times but sometimes the first one may not be the last so becareful and all news trades should have tight stops. But when watching in real time you can judge the action..It was a nice 62 ema bounce also the 200 sma 15 min plus closed right on the 00 ..

Great Trade
Good morning, Ken and other fellows

I have a question about this bounce off 200ma on 15M.
On what level the long should be taken?

Also, there were tweezers at 6:30am. Did anybody long there too?
If yes, what signals were considered?

I did not enter these trades - just missed them, but I want some second opinion to confirm my own thinking.

Thanks in advance.
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  • #26,849
  • Oct 22, 2009 6:26am Oct 22, 2009 6:26am
Quoting Komissar
Good morning, Ken and other fellows

I have a question about this bounce off 200ma on 15M.
On what level the long should be taken?

Also, there were tweezers at 6:30am. Did anybody long there too?
If yes, what signals were considered?

I did not enter these trades - just missed them, but I want some second opinion to confirm my thinking.

Thanks in advance.
morning,

check my prior post, 1hour 62ema also there, trendline on the hourly also

plus previous resistance became support as per chart,

overall very high prob trade
Trading is 80% Emotional, 20% Technical
  • #26,850
  • Oct 22, 2009 6:58am Oct 22, 2009 6:58am
Watching the 4hr GU at the moment, looks to be setting itself up as a nice pin with 3 minutes to go.


Edit: Finished up as a doji.
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  • #26,851
  • Oct 22, 2009 7:42am Oct 22, 2009 7:42am
anyone taken the short off the touch of the 35/50 lines around 13.00 uk time ?
  • #26,852
  • Oct 22, 2009 7:48am Oct 22, 2009 7:48am
sell of from prior support at 16580 area, just ahead of 15min 50sma and subsequent 4 closes below 35sma
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Trading is 80% Emotional, 20% Technical
  • #26,853
  • Oct 22, 2009 8:21am Oct 22, 2009 8:21am
Hope this has worked....my first attempt at posting a chart.If i am using this method correctly,please could someone confirm that the entries marked with arrows have all been the correct ones to have taken.cheers.
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  • #26,854
  • Oct 22, 2009 8:28am Oct 22, 2009 8:28am
Woohoo it worked,but whoops ignore the 4th entry,i must have got too excited with the arrow function and put it in the wrong place,it should've been over the 11.30 candle (touch of the 21).
  • #26,855
  • Oct 22, 2009 8:29am Oct 22, 2009 8:29am
Quoting Komissar
Good morning, Ken and other fellows

I have a question about this bounce off 200ma on 15M.
On what level the long should be taken?

Also, there were tweezers at 6:30am. Did anybody long there too?
If yes, what signals were considered?

I did not enter these trades - just missed them, but I want some second opinion to confirm my own thinking.

Thanks in advance.

I usually will risk a little amount on the first time that price touches a High vlaue MA . Plus the 62 Ema trade is a touch or bounce trade anyway best played in a retracement area. The retracement was around the 50% fib level of the previous days run up. Plus the confirmation that FX Local Mentioned. But I will always take the trades off the Bigger mA's only it is the rule. But I limit it to retrace levels mainlly as I see it as the main purpose of that trade idea. All though it will usually bounce back off it even in a trending move.. But not as much .. Hope this helps Ken
Good Trading To All ; Ken Lee
  • #26,856
  • Oct 22, 2009 8:55am Oct 22, 2009 8:55am
Quoting KENNETH lEE
I usually will risk a little amount on the first time that price touches a High vlaue MA . Plus the 62 Ema trade is a touch or bounce trade anyway best played in a retracement area. The retracement was around the 50% fib level of the previous days run up. Plus the confirmation that FX Local Mentioned. But I will always take the trades off the Bigger mA's only it is the rule. But I limit it to retrace levels mainlly as I see it as the main purpose of that trade idea. All though it will usually bounce back off it even in a trending move.. But...
Thanks a lot, Ken and FX Local
Ken, your explanation is very detailed and useful, as usual.
  • #26,857
  • Oct 22, 2009 9:46am Oct 22, 2009 9:46am
Quoting KENNETH lEE
Nice Pattern and MA play today not a great amount but did was text book.
Ken, about ascending triangles.

Ascending triangle is forming on 15M GU, but it attached to downward line.
What do you think about that?
Thanks
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  • #26,858
  • Oct 22, 2009 9:54am Oct 22, 2009 9:54am
Quoting Komissar
Ken, about ascending triangles.

Ascending triangle is forming on 15M GU, but it attached to downward line.
What do you think about that?
Thanks

Looks more like Flag to me ...
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Good Trading To All ; Ken Lee
  • #26,859
  • Oct 22, 2009 10:03am Oct 22, 2009 10:03am
Quoting KENNETH lEE
Looks more like Flag to me ...
"brief pauses, ... pennants are typically smaller in size and duration."
  • #26,860
  • Oct 22, 2009 10:09am Oct 22, 2009 10:09am
Quoting KENNETH lEE
Looks more like Flag to me ...
pardon my ignorance Kenneth. thus it would not be a bad idea to put in a pending short at 6600. rite? Francis
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