Trade what you see NOT what you expect | Page 1353 | 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 And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #27,041
  • Nov 3, 2009 7:56am Nov 3, 2009 7:56am
Price just cant seem to close above the 1hr 10ma, nice touch of the 15m 50's
  • #27,042
  • Nov 3, 2009 8:23am Nov 3, 2009 8:23am
Was long and fumbled at the 1hr b/o and the 15m 50's and didnt reverse duh!! Re-entered late off the 1hr see how this pans out
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  • #27,043
  • Nov 3, 2009 8:48am Nov 3, 2009 8:48am
General election in town today for mayor. Still not sure who's the best crook to vote for will check back in later my last trade is negative atm stop above the pin old school
  • #27,044
  • Nov 3, 2009 12:12pm Nov 3, 2009 12:12pm
Didnt read price well at all, got my hand caught in the cookie jar on that 1hr short. Should of just held my long o-well. 1.6425 has been a player will watch that area
  • #27,045
  • Nov 3, 2009 5:04pm Nov 3, 2009 5:04pm
here are some trades that were available today
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Good Trading To All ; Ken Lee
  • #27,046
  • Nov 3, 2009 7:11pm Nov 3, 2009 7:11pm
Quoting KENNETH lEE
here are some trades that were available today
Some definite nice trades there Ken, your chart looks nice. I find myself trying to turn price at times more than I should, some of those retracement trades are more obvious and yield some damn good pippage.

Lots to be said for keeping it simple!

Here's the 1hr chart again starting to build the right shoulder, turn it upside down and ya see the samething time to pop some tops.

Cit biting the dust and that strong support level helped push price up today imo thats the extent of my funnymentals lol!!
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  • #27,047
  • Nov 3, 2009 7:24pm Nov 3, 2009 7:24pm
Post 27041 showing the day chart looks to be resistance 1.6485 area and most definitely @ 1.6593 if price continues up. I still say were caught in the white water chop.
  • #27,048
  • Nov 4, 2009 3:01am Nov 4, 2009 3:01am
what about 652x for a short?

Thomas
  • #27,049
  • Nov 4, 2009 3:08am Nov 4, 2009 3:08am
KENNETH, do you use only MA50 expotential (added to close)? Back in the thread there were both MA50 exp and MA50 simple.

Great analysis BTW.
  • #27,050
  • Nov 4, 2009 3:09am Nov 4, 2009 3:09am
Hi,

use a multi time frame MA indi and plot the 5/10/21 EMA in a 1min chart. Add Fib and that's all you need.

Really useful.

Cheers

Thomas


Quoting KENNETH lEE
Actually I hd just posted this on the last page but here it is again. Forget entry A. The rest of the entries are 5 oclock entries with confirming PA to help.. Some trader also will look for a S/R line in those areas but those don't happen as often.. I will try and show some of those.. It takes some time to start to see everything but you will begin to see those that will work.

At times when a big move has happened there will be what I call step trades. Price will start bouncing off the ma's starting with the lower ones and then bounce off almost...
  • #27,051
  • Nov 4, 2009 3:59am Nov 4, 2009 3:59am
Quoting perez
KENNETH, do you use only MA50 expotential (added to close)? Back in the thread there were both MA50 exp and MA50 simple.

Great analysis BTW.

In the thread EO had posted to lower line clutter a 50 ema only could be used . So i removed my sma but both are used by many the cable turned right on the 50 sma yesterday.. So your choice.. Ken
Good Trading To All ; Ken Lee
  • #27,052
  • Nov 4, 2009 7:56am Nov 4, 2009 7:56am
Morning, everybody

The last 4H candle closed below, and closing of current 4H candle will be interesting.
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  • #27,053
  • Nov 4, 2009 9:08am Nov 4, 2009 9:08am
This post is to say a big thank you to Ken, EO and all the others on this thread. I have had the best morning ever and its thanks to them, and also to show what can be achieved if you just keep on trying I have always been a scalper and today I was determined to stay in until I saw something on the 1 or 4hr charts to tell me otherwise (after covering of course).

GU chart, went in on the 6:45 am GMT bar, when the price bounced off the 35 and couldn't close below the previous candle, came out when the 1hr candle couldn't close above the previous and looked bearish. Exactly 100 pips.

EJ chart, went in on the 5:15am GMT bar when it bounced off the MA's, I did cover myself pretty quickly because I was wary of it being underneath the 1hr 62 if it had bounced back hard I would have taken the profit, but it didn't so I let it go. Took it out at the open of the 12 GMT bar, PA was starting to look bearish and hanging around a while. 117 pips.

GJ chart, went in at exactly the same time as the GU trade bounce off the 10MA. Came out for the same reasons and at the same time as the GU. 181 pips.

Then various bounces from the MA's taking around 10 pips at a time, not sure of the PA, news etc, for a total of a further 56 pips. Grand total 454 pips!!

Considering this is the first time I have traded GBP/JPY live, I'd say it was a pretty good morning

So there you go Ken, your pupil is learning to hold onto trades
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  • #27,054
  • Nov 4, 2009 9:32am Nov 4, 2009 9:32am
Quoting luckylady
This post is to say a big thank you to Ken, EO and all the others on this thread. I have had the best morning ever and its thanks to them, and also to show what can be achieved if you just keep on trying I have always been a scalper and today I was determined to stay in until I saw something on the 1 or 4hr charts to tell me otherwise (after covering of course).

GU chart, went in on the 6:45 am GMT bar, when the price bounced off the 35 and couldn't close below the previous candle, came out when the 1hr candle couldn't close above the previous...
Excellent trading!
Just digging in the trenches like everyone else!
  • #27,055
  • Nov 4, 2009 9:44am Nov 4, 2009 9:44am
Quoting luckylady
This post is to say a big thank you to Ken, EO and all the others on this thread. I have had the best morning ever and its thanks to them, and also to show what can be achieved if you just keep on trying I have always been a scalper and today I was determined to stay in until I saw something on the 1 or 4hr charts to tell me otherwise (after covering of course).

GU chart, went in on the 6:45 am GMT bar, when the price bounced off the 35 and couldn't close below the previous candle, came out when the 1hr candle couldn't close above the previous...

Awesome.. Well Done..
Attached Image
Good Trading To All ; Ken Lee
  • #27,056
  • Nov 4, 2009 10:02am Nov 4, 2009 10:02am
Quoting InDjaLV
happy Halloween to everyone...
I have spent the halloween week end in London. Great city and great halloween parties

Somebody else traded the g/u long break out?
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  • #27,057
  • Nov 4, 2009 3:05pm Nov 4, 2009 3:05pm
Quoting KENNETH lEE
here are some trades that were available today
Not read this thread for a while, seems its same as ever, EO leading the way and Ken's excellent chart posts, keep up the good work guys.
  • #27,058
  • Nov 4, 2009 5:46pm Nov 4, 2009 5:46pm
Quoting KENNETH lEE
here are some trades that were available today

dear Ken, pls tell me what ma's exactly are you using? eo has 10 n 21 ema and 35 n 50 mva. but i see only 10 and 21 emas on your chart. the other 3 - what are they? thank you.

congrats, lucky lady. hope to tag along your success. cheers.
  • #27,059
  • Nov 4, 2009 5:55pm Nov 4, 2009 5:55pm
and as we are 'talking' here, seems that pin, bouncing off 21 ema. am i right?
  • #27,060
  • Nov 4, 2009 6:14pm Nov 4, 2009 6:14pm
Quoting francish
dear Ken, pls tell me what ma's exactly are you using? eo has 10 n 21 ema and 35 n 50 mva. but i see only 10 and 21 emas on your chart. the other 3 - what are they? thank you.

congrats, lucky lady. hope to tag along your success. cheers.

Not to be pushy but the pdf is on the first page and has all the mas right in the front of it for all time frames. But on my charts I post the 15 min. I have the 5,10,21,and 50 ema. then the 35 and 200 sma Eo also has the 50 sma. I also have a refence line to show me that I am getting close to the 62 Ema 1 Hr line . It is the dotted line on mycharts and the value 248 ema. But that is not part of the startegy .. But you really need to read the pdf at least once and 2 or 3 times would be better as there is a lot of information in there.

Good Trading Ken
Good Trading To All ; Ken Lee
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