Trade what you see NOT what you expect | Page 1350 | 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

  • #26,981
  • Oct 28, 2009 6:44am Oct 28, 2009 6:44am
Not even going to dick the dog this morning short at the 15m 5ema touch 1.6309
  • #26,982
  • Oct 28, 2009 6:54am Oct 28, 2009 6:54am
Had a pending long at 1.6284 where it had reacted several times on the 4hr, covered already, not looking for much.
Attached Image
  • #26,983
  • Oct 28, 2009 6:57am Oct 28, 2009 6:57am
Quoting KENNETH lEE
Yes the more you start really using the MA's and price Action to trade the more you will see that almost always they line up with areas other indicators or entries would point to anyway. Because in the true sense of it all every trader is trying to enter trades good also.. But as you drop more and more of the old ways and notice more of this style is when it starts getting easier and easier.. Good Luck Ken

I added a PPA line to your chart turned right on it..
Thanks for your time and thoughts Ken I appreciate both. I've traded live a bit over a year so I dont have a ton of old ways to shed, my biggest hurdle is really emotion. This business goes against so much of what made me successful in other parts of my life. I always brought lots of energy and passion to whatever I wanted to work at and this game is more of a numb repetition than anything else still learning and workin on it!!
  • #26,984
  • Oct 28, 2009 6:57am Oct 28, 2009 6:57am
Quoting 4fun
Not even going to dick the dog this morning short at the 15m 5ema touch 1.6309
Morning to everybody

I am thinking to short it around 6330 - green circle.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 70 KB
  • #26,985
  • Oct 28, 2009 7:01am Oct 28, 2009 7:01am
Quoting luckylady
Had a pending long at 1.6284 where it had reacted several times on the 4hr, covered already, not looking for much.
Took 30 pips as it touched the 15min 10 I think thats enough for a counter trend.
  • #26,986
  • Oct 28, 2009 7:06am Oct 28, 2009 7:06am
Quoting luckylady
Took 30 pips as it touched the 15min 10 I think thats enough for a counter trend.
Nice!!
  • #26,987
  • Oct 28, 2009 7:10am Oct 28, 2009 7:10am
Quoting Komissar
Morning to everybody

I am thinking to short it around 6330 - green circle.
I see the 15m 21ema lurking there
  • #26,988
  • Oct 28, 2009 7:11am Oct 28, 2009 7:11am
[quote=4fun;3184610]I see the 15m 21ema lurking there and I have some s/r at 1.6336
  • #26,989
  • Oct 28, 2009 7:16am Oct 28, 2009 7:16am
Quoting 4fun
I see the 15m 21ema lurking there
Yes, and if she will get to 6330sh, so it might form inverted H&S.
  • #26,990
  • Oct 28, 2009 8:18am Oct 28, 2009 8:18am
Hit the flag tl s/r at 1.6336 and the 35 and 50 ma's grabbed a few see if she rides the tl or makes a move
  • #26,991
  • Oct 28, 2009 8:24am Oct 28, 2009 8:24am
The 1hr closed higher and shes showin her strength
  • #26,992
  • Oct 28, 2009 8:32am Oct 28, 2009 8:32am
From my point of view EUR/JPY looks easier to trade atm.
  • #26,993
  • Oct 28, 2009 8:43am Oct 28, 2009 8:43am
Quoting MCFly
From my point of view EUR/JPY looks easier to trade atm.
Your probably right I am just nickle and dimen her this morning and finally got on her right side
  • #26,994
  • Oct 28, 2009 8:55am Oct 28, 2009 8:55am
Quoting 4fun
Your probably right I am just nickle and dimen her this morning and finally got on her right side
Hi 4fun,

can you plz post a screenshot with your entires and exits today?
  • #26,995
  • Oct 28, 2009 9:09am Oct 28, 2009 9:09am
Quoting 4fun
Thanks for your time and thoughts Ken I appreciate both. I've traded live a bit over a year so I dont have a ton of old ways to shed, my biggest hurdle is really emotion. This business goes against so much of what made me successful in other parts of my life. I always brought lots of energy and passion to whatever I wanted to work at and this game is more of a numb repetition than anything else still learning and workin on it!!
Love that statement. and oh so true.. So many fail from trying to hard. If you can throw away most of what you think you needed and just start trading what you see over and over again it will become the easy ,boring, money making machine the great traders say it is..

Great eye on those trades Ken
Good Trading To All ; Ken Lee
  • #26,996
  • Oct 28, 2009 9:25am Oct 28, 2009 9:25am
Quoting MCFly
Hi 4fun,

can you plz post a screenshot with your entires and exits today?
Chart I work off of

Heres what I did so far

Made 1 loser short 1.6645 lost 13pips
Short 1.6309 closed 1/2 at 1.6290 rest stopped at b/e
Short 1.6331 closed 1/2 at 1.6315 rest stopped at b/e
Short 1.6341 closed 1/2 at 1.6327 rest stopped at b/e

Took awhile but I finally said f this its obvious long mode off that strong 1hr candle

Long 1.6361 1/2 off at 1.6390 closed out at 1.6405

Not bad not good,what I like is I came in wanting to short and realized I needed to switch not to long ago I would of just sat here and fought it
Attached Image (click to enlarge)
Click to Enlarge Name: 15mr cable.gif Size: 21 KB
  • #26,997
  • Oct 28, 2009 9:26am Oct 28, 2009 9:26am
Quoting luckylady
Took 30 pips as it touched the 15min 10 I think thats enough for a counter trend.

Great Trade .. Scaling out Scaling out We both need to remember that one.. But the right entries are just as important and your getting them for sure..

Well Done Ken


Good Trading To All ; Ken Lee
  • #26,998
  • Oct 28, 2009 9:35am Oct 28, 2009 9:35am
I am trading from a mini and rarely trade a full standard lot $10 I am usually a 5-8 dollar a pip guy. I am only shooting for 50pips a morning might sound like not much but its a realistic goal day in day out for my trading ability at this time.

When I finally build this account to a point where I can trade 3-5 standard lots 50 pips a day looks pretty good to me. Ofcourse that might seem like alot to some and nothing to others, but that should cover all my bad habits lol!
  • #26,999
  • Oct 28, 2009 9:46am Oct 28, 2009 9:46am
Quoting 4fun
Chart I work off of

Heres what I did so far

Made 1 loser short 1.6645 lost 13pips
Short 1.6309 closed 1/2 at 1.6290 rest stopped at b/e
Short 1.6331 closed 1/2 at 1.6315 rest stopped at b/e
Short 1.6341 closed 1/2 at 1.6327 rest stopped at b/e

Took awhile but I finally said f this its obvious long mode off that strong 1hr candle

Long 1.6361 1/2 off at 1.6390 closed out at 1.6405

Not bad not good,what I like is I came in wanting to short and realized I needed to switch not to long ago I would of just sat here and fought it
thank you
  • #27,000
  • Oct 29, 2009 6:57am Oct 29, 2009 6:57am
Well, I took my first 1 o'Clock trade this morning and it was successful. Yeah!!!! Thanks for sharing this trading method with us all!

I bought the GU @ 1.6454 and Sold @ 1.6474
SL @ 1.6443 below the 10 EMA
Attached Image (click to enlarge)
Click to Enlarge Name: Trade.jpg Size: 59 KB
65 traders viewing now