Trade what you see NOT what you expect

when learning charts are so helpful, an explanation put it all together- thanks

Now lets manage our trade.

So still everyone thinks these guys trade 24 hrs a day. Not so. They actually are trading less as their accounts grow. What has happened is they now know from years of trading or looking at trades for almsot 24 hrs over a year. Where and when the best entries hit. They then are at the job at those times. They then get in the trades. And yes they get in right on those highs and lows if you don't believe it when you hear them mention those entries go to your charts and see if you can see that entry. You will see time after time there was a signal maybe off the daily or 4 Hr . Possiblly a trend line of a channel. Then in combination with a S/R line and some PPA it is esy to see why they aren't always waiting for a signal. But we should until we really see what is happening.

But with those early entries they are almsot quarnteed a risk free trade. because as you will see that first push up or down is normally the strongest. That is how we trade our PA. So it may seem impossible to you and I but in reality those entries are some of the easist but you must learn to read all your time frame charts in tandem. It is the total picture we have to see. If you want to go for those entries.

That is the same with PO entries . not every S/R line is a place to set a PO but if you can see a confluence of items off the higher time frames a PO may get you in while your a way or sleeping But . I would stronglly advise practing that first.

Anyway back to the boys. They get into the trades watch it move in there favor get it covered then once it has broken a area and retested it they may move their stop to BE and go back to bed. Shilva posted a chart where he got into that very trade I just posted Wed night late asia then slumbered while making 160 pips. If you watch your charts and learn to enter and place stops correct those oppurtunities are available all the time.

I will be posting some as I want to get into more of that set it forget it trading. Not staring a trades maybe my way of taking bigger profits.

So anyway . They can get in and leave the trades. during the Asia and london sessions . But be carefull I have seen alot of good trades go bad if you don't get up around London open your asia trade good disapear on you. A reasonable Profit area could be used but everyone wants all the pips. Yet they say all they want is 40 a day LOL.

But that is how they can trade 24 hrs a day seemingly.

I have a question for you guys, I've been reading rereading all your lessons. I have setup my metatrader with all the specific EMA and SMA'S. Now I know you guys mention MA. Is that another indicator or are you just referring to ema and sma's. I just want to make sure I'm not missing anything.

Yes as some are EMA and others SMA the generic is MA ... Ken

Now the price is proceeding to 1h62ema, (same area have 50% fibonacci, 50ema, 200ema and 200sma).
I set a PO at 1.6058 with SL 1.5995. please give advise.

Do you gus worry that the price will go up without touch 1h62ema? To be honest, I worry about that. what is the correct way to handle this situation?

Long Euro/jYP at 132.54, SL 132.10 (25pip below the wick of 1h candle)
Reason for this trade is 1h62ema

Not sure of that ?

Could still be a great trade . You have a hammer right on the support level.

looks like some data of my mt4 was missing, and my 1h62ema value is wron. oh, my god, if not talking , how do I know my 1h62ema is not right?
thanks, KEN

Close half at 132.81, move the SL to 132.57

Now this trade is facing to cross 15m 35/50ma, I do not know how to handle this.

I Lurk in the background here... but want support Ken 500% in this comment. Thank you.

I played the 1hr 62ema also b4 bed at that first pin, close shave on my s/l looking to fill the opening gap.

Chart

Long on the mrs 1.6075 1hr 62ema 15m twissers

Looking to close opening gap at 1.6170 ibfx broker.

Good MAE Everyone...

Wishing everyone the very best for a healthy, happy and prosperous New Year!

Happy New Year Chris, and everyone else

Good morning and Happy new year

Nice bounces off the both the EJ and GU 1hr 62's