Trade what you see NOT what you expect | Page 1369 | Forex Factory

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Trade what you see NOT what you expect

  • #27,361
  • Nov 24, 2009 3:27am Nov 24, 2009 3:27am
Quoting Taylor
Thanks - mate, I battled away like everyone else.....just couldnt get ahead....my story is no different to any others going backwards much faster than forwards.....but a while ago I studied the Alt Tech Template thread on the other site (which recently shut down) and it made so much sense....finally I was creeping and crawling ever so slightly forwards....but something was still missing.....then I discovered this thread and BOOM....

I spend most of my time deep in this thread going over old trades/comments/strategy/reasoning from earlier in the...

Very Good Taylor, Nice to see someone else getting the plot, LOL. Now do yourself a favor. Get out your notepad and write down in your own words exactly what you are doing to get these winning trades. The time of day what your looking at, all the details. Clear enough so when you look at it you can know without a doubt what to do.. The reasoning being that a lot of people here have interment success but when we try and explain what is going wrong they find it hard to see. So if you can believe anyone it is yourself. So just do it.

So do it for your self. Ken


Great trading by the way..
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Good Trading To All ; Ken Lee
  • #27,362
  • Nov 24, 2009 3:28am Nov 24, 2009 3:28am
Quoting Taylor
my story is no different to any others going backwards much faster than forwards.....
Forwards? there's a forwards? what? you never told me this!!!!
  • #27,363
  • Nov 24, 2009 3:40am Nov 24, 2009 3:40am
Quoting BenScoobert
Forwards? there's a forwards? what? you never told me this!!!!
  • #27,364
  • Edited 5:06am Nov 24, 2009 4:48am | Edited 5:06am
35/50 short trade on the EJ @ 132.65...(also retest of 132.70)
  • #27,365
  • Nov 24, 2009 6:05am Nov 24, 2009 6:05am
Quoting Taylor
35/50 short trade on the EJ @ 132.65...(also retest of 132.70)

Don't forget the 1 Hr 62 ema was right in there also a very nice MA.. Nice entry..Ken
Good Trading To All ; Ken Lee
  • #27,366
  • Nov 24, 2009 6:13am Nov 24, 2009 6:13am
Out of the EJ 35/50 trade at BE....looks like my remaing GU shorts about to close out as well
  • #27,367
  • Nov 24, 2009 7:30am Nov 24, 2009 7:30am
Quoting KENNETH lEE
Don't forget the 1 Hr 62 ema was right in there also a very nice MA.. Nice entry..Ken
Hey Ken, to me that was the key I put the 248ema so I never forget plus look at all the other confluence. I've locked some in at b/e its all good. Ive noticed in the past I would get in a trade grab some pips it would come back and get my stop and I'd let it go, not anymore lightning can strike more the twice in this bizz I keep hitting till it proves me wrong
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  • #27,368
  • Nov 24, 2009 8:48am Nov 24, 2009 8:48am
I sat here and watched the Mrs bounce off the 248ema and still didnt pull the trigger o-well??
  • #27,369
  • Nov 24, 2009 9:13am Nov 24, 2009 9:13am
Shorted Mrs at 1.6558 when spread settled down
  • #27,370
  • Nov 24, 2009 9:46am Nov 24, 2009 9:46am
Quoting 4fun
Shorted Mrs at 1.6558 when spread settled down

Was able to get some out of it. Got off the phone with my Mom she's heading this way to stay for a few days. I am not going to trade while she's here plus I have some friends coming too, a house full of mischief should be lots of fun!

Happy Thanksgiving everyone cya next week
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  • #27,371
  • Nov 24, 2009 9:51am Nov 24, 2009 9:51am
Quoting 4fun
Was able to get some out of it. Got off the phone with my Mom she's heading this way to stay for a few days. I am not going to trade while she's here plus I have some friends coming too, a house full of mischief should be lots of fun!

Happy Thanksgiving everyone cya next week
Enjoy your time with family and have a great holiday ..
Good Trading To All ; Ken Lee
  • #27,372
  • Nov 24, 2009 10:11am Nov 24, 2009 10:11am
...long time listener, first time caller...

im really dedicated to watching cable, but like others im starting to watch the eur/jpy charts when cable is slow...

so my question is: for those who watch both, are there any alterations to the cable formula for eur/jpy?

also, many thanks to EO, Ken, 4fun, lucky, and all the other posters who have put so much time into this thread!

happy thanksgiving to everyone!
  • #27,373
  • Nov 24, 2009 10:19am Nov 24, 2009 10:19am
Quoting 4fun
Was able to get some out of it. Got off the phone with my Mom she's heading this way to stay for a few days. I am not going to trade while she's here plus I have some friends coming too, a house full of mischief should be lots of fun!

Happy Thanksgiving everyone cya next week
Enjoy your holiday and family, see ya next week!!
Please ask questions and share your experiences with us all!
  • #27,374
  • Nov 24, 2009 10:31am Nov 24, 2009 10:31am
Quoting Snowmeizer
...long time listener, first time caller...

im really dedicated to watching cable, but like others im starting to watch the eur/jpy charts when cable is slow...

so my question is: for those who watch both, are there any alterations to the cable formula for eur/jpy?

also, many thanks to EO, Ken, 4fun, lucky, and all the other posters who have put so much time into this thread!

happy thanksgiving to everyone!
Welcome to posting Snowmeizer No, there is no alteration for EJ in fact a lot of the more seasoned traders in here trade lots of different pairs all with the same forumula as far as I know. GBP/JPY and AUD/USD I also watch and they work well.
  • #27,375
  • Nov 24, 2009 10:38am Nov 24, 2009 10:38am
Quoting Snowmeizer
...long time listener, first time caller...

im really dedicated to watching cable, but like others im starting to watch the eur/jpy charts when cable is slow...

so my question is: for those who watch both, are there any alterations to the cable formula for eur/jpy?

also, many thanks to EO, Ken, 4fun, lucky, and all the other posters who have put so much time into this thread!

happy thanksgiving to everyone!
As Lucky Lady said no difference in any of the trading strategy. At times you will see the same entry on both pairs you can take both and sometimes one works out very well as the other struggles. So you can close the bad one and keep the good.

Welcome to the thread and feel free to ask any questions. Someone will try and answer I am sure..

Ken
Good Trading To All ; Ken Lee
  • #27,376
  • Nov 24, 2009 2:05pm Nov 24, 2009 2:05pm
Observation from today did you see it ?
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Good Trading To All ; Ken Lee
  • #27,377
  • Nov 24, 2009 7:03pm Nov 24, 2009 7:03pm
Morning All,

Ken - note your comments on the triangle, and higher chance for it to break out north. I had the top of the triangle around the 90-95 level - We just broke and closed outside that level on the 15min.

Waited for a retest of the top and have taken a long @ 6594 with SL 35 pips below.
  • #27,378
  • Edited Nov 25, 2009 1:24am Nov 24, 2009 8:30pm | Edited Nov 25, 2009 1:24am
GU struggling to get past yesterdays High - closed one at yesterdays high level and rest at BE
  • #27,379
  • Nov 25, 2009 1:43am Nov 25, 2009 1:43am
Finally a nice run up to 6668 the next S/R level pre-Europe, - TP here and have 1/3 left open and covered @6605.
  • #27,380
  • Nov 25, 2009 2:16am Nov 25, 2009 2:16am
Quoting Taylor
Finally a nice run up to 6668 the next S/R level pre-Europe, - TP here and have 1/3 left open and covered @6605.
I've also found it extremely helpful to let a 4h candle close around key S/R levels so you can see how far the market will go. If long gbp/usd, I'd hold onto something and keep adding to it along the way. Right now it looks like there could be a much bigger push up.
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