Trade what you see NOT what you expect | Page 1374 | 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

  • #27,461
  • Dec 2, 2009 6:28am Dec 2, 2009 6:28am
Quoting luckylady
Knowing pippi and eo though, they probably took it as it neared the 1hr 50 and 62 but I'm not brave enough
Pippi took it off the h1 200, I had TP on my shorts at the h1 200 and a pending long at the h1 62, I was late to the long party because of sleep and got in at 6606 myself.
Just digging in the trenches like everyone else!
  • #27,462
  • Dec 2, 2009 6:38am Dec 2, 2009 6:38am
Quoting eohater
Pippi took it off the h1 200, I had TP on my shorts at the h1 200 and a pending long at the h1 62, I was late to the long party because of sleep and got in at 6606 myself.
Yay I beat you I don't care if it took you going to sleep to do it either. I got in at 6570.
  • #27,463
  • Dec 2, 2009 6:40am Dec 2, 2009 6:40am
Quoting luckylady
Yay I beat you I don't care if it took you going to sleep to do it either. I got in at 6570.
Good job!
Just digging in the trenches like everyone else!
  • #27,464
  • Dec 2, 2009 6:41am Dec 2, 2009 6:41am
Good Afternoon all
  • #27,465
  • Dec 2, 2009 6:46am Dec 2, 2009 6:46am
Quoting davids
Good Afternoon all
Good afternoon David
  • #27,466
  • Dec 2, 2009 6:49am Dec 2, 2009 6:49am
Hello LuckyLady
  • #27,467
  • Dec 2, 2009 6:51am Dec 2, 2009 6:51am
While your here EO ,can I ask you about where you take your profits,do you just let a stop at an ema take you out or some other way.

Cable is looking tired to me at the moment and was wondering if you were thinking of an exit soon ? thanks.
  • #27,468
  • Dec 2, 2009 7:03am Dec 2, 2009 7:03am
Quoting Deputy Dawg
While your here EO ,can I ask you about where you take your profits,do you just let a stop at an ema take you out or some other way.

Cable is looking tired to me at the moment and was wondering if you were thinking of an exit soon ? thanks.

Whatever you do protect your profits news in 12 min.
Good Trading To All ; Ken Lee
  • #27,469
  • Dec 2, 2009 7:09am Dec 2, 2009 7:09am
Quoting Deputy Dawg
While your here EO ,can I ask you about where you take your profits,do you just let a stop at an ema take you out or some other way.

Cable is looking tired to me at the moment and was wondering if you were thinking of an exit soon ? thanks.
I take profit at key S/R areas. Like now, I've taken more off of my position because of the tweezers on the m15 and how my h4 just closed. I'm not looking to reverse just yet because of the noise coming out in 15m. I see what your saying about cable looking tired, but please be sure to look at your HTF. The daily is bullish and we just closed a bullish h4. The h1 is showing selling interest, but I'm looking a little higher up to be a seller. 672x is an area along with 678x.
Just digging in the trenches like everyone else!
  • #27,470
  • Dec 2, 2009 7:10am Dec 2, 2009 7:10am
Hi Eo
  • #27,471
  • Dec 2, 2009 7:12am Dec 2, 2009 7:12am
Quoting davids
Hi Eo
Hey brother! I'm been busy nuts lately. Sorry you haven't heard from me! Please don't take it personally!
Just digging in the trenches like everyone else!
  • #27,472
  • Dec 2, 2009 7:14am Dec 2, 2009 7:14am
Quoting eohater
Hey brother! I'm been busy nuts lately. Sorry you haven't heard from me! Please don't take it personally!

Would'nt dream of taking it personally mate I know you will get in touch when things sort themselves out however long that takes, it good to see you around here though
  • #27,473
  • Dec 2, 2009 7:19am Dec 2, 2009 7:19am
Quoting eohater
I take profit at key S/R areas. Like now, I've taken more off of my position because of the tweezers on the m15 and how my h4 just closed. I'm not looking to reverse just yet because of the noise coming out in 15m. I see what your saying about cable looking tired, but please be sure to look at your HTF. The daily is bullish and we just closed a bullish h4. The h1 is showing selling interest, but I'm looking a little higher up to be a seller. 672x is an area along with 678x.
Thanks for that,yes I agree for poss shorts,I have R1 at 6717 and R2 at 6811 but think 6750ish is a more realistic outside bet for the top.
  • #27,474
  • Dec 2, 2009 7:28am Dec 2, 2009 7:28am
Quoting Deputy Dawg
Thanks for that,yes I agree for poss shorts,I have R1 at 6717 and R2 at 6811 but think 6750ish is a more realistic outside bet for the top.
Don't think! Let your levels and PA show you. When you start thinking you can pull the trigger early and it could be costly. PA will let you know!
Just digging in the trenches like everyone else!
  • #27,475
  • Dec 2, 2009 7:34am Dec 2, 2009 7:34am
Quoting eohater
Don't think! Let your levels and PA show you. When you start thinking you can pull the trigger early and it could be costly. PA will let you know!

Hehe,point taken and wrist slapped,I'm still learning remember lol.
  • #27,476
  • Dec 2, 2009 7:39am Dec 2, 2009 7:39am
Quoting Deputy Dawg
Hehe,point taken and wrist slapped,I'm still learning remember lol.
You're doing fine! You need to have thoughts like what you have, but you also need to have a justified reason for taking an entry. Mark your level on your charts and look for PA to let you know if it's time to take it. Remember, if we miss the entry, we are always given another opportunity to get it. Don't force the trade, take the trade!
Just digging in the trenches like everyone else!
  • #27,477
  • Dec 2, 2009 8:03am Dec 2, 2009 8:03am
Good Morning/Afternoon, fellows.

I've changed chart type from candlesticks to line, and here it is very interesting picture.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 83 KB
  • #27,478
  • Dec 2, 2009 8:44am Dec 2, 2009 8:44am
Quoting tdeu
Hi PipiNole,

Thanks for your comment about the daily pin.

I went through my charts and saw, that higher time frame traders mainly trade fib retracements (+-10-20 pips) of candles instead of whole swings. Traded are mainly Pins, Engulfing bodies or Outside bars. Is that true?

The high, that we've made on weekly GU in November (6876) corresponds roughly with a 62% retr of the pin from August (6890).

How long do such retracement levels of such candles stay "valid".

Is it better to use these levels for profit taking and wait for a reversal...
Thomas to be honest with you I really can't answer your questions because I have never traded the higher time frames let alone traded Fib retracements as you have mentioned. I use the higher time frames as EO has taught me for direction and support and resistance. I will occasionally throw a fib on a 4hr swing or a 1hr swing but for the most part rarely use fibs. I look for key areas of S/R on the daily and 4hr and look for PA in those areas on the 15 min chart. For me keeping it as simple as possible has been key to successful trading. Maybe some of the other people who have traded the higher time frames will chime in and be able to better answer your questions.
  • #27,479
  • Dec 2, 2009 8:47am Dec 2, 2009 8:47am
Good morning/afternoon fellow traders.

I see some people have been banking some nice pips. Way to go keep it up!
  • #27,480
  • Dec 2, 2009 9:10am Dec 2, 2009 9:10am
Quoting PippiNole
Good morning/afternoon fellow traders.

I see some people have been banking some nice pips. Way to go keep it up!
Morning Pippi (and everyone else)

I managed to snag a few pips today but it's always an education to see/hear the entries yourself and EO hitch a ride on

Macc
12 traders viewing now