Trade what you see NOT what you expect | Page 1421 | 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 NOT what you expect

  • #28,401
  • Jan 7, 2010 2:52pm Jan 7, 2010 2:52pm
Quoting MaximusPips
I've decided to take a few seconds away from my evil plans of world domination and send a quick thank you note.

I have been lurking for a very long time, and in that time I have been getting to the point that I spot trades as they develop...What an awesome feeling that is. The only reason of course is through perseverance and the awesome training found in this thread.

This is the only thread I have found that doesn't have a few people who ruin it for everyone with negative comments etc. You guys seem to continually be there with good advice...

Yes I have thought about redoing them as When those were produced My understanding was not as clear as it is today.. But with everything it takes time to put them together. So we will see.
Good Trading To All ; Ken Lee
  • #28,402
  • Jan 7, 2010 3:14pm Jan 7, 2010 3:14pm
Quoting eohater
I hope you booked some pippage on your short.

Mine was closed out at BE when my daughter wanted to go for a walk (she's 2) I did reenter long though after the m15 candle closed FLAT and I grabbed a new seat at 133.26
I hope I wasn't the only one who took this long position? It was a clean entry with very minimal drawdown and I've booked 30 and covered at +3 now.
Just digging in the trenches like everyone else!
  • #28,403
  • Jan 7, 2010 4:27pm Jan 7, 2010 4:27pm
I had finished trading for the day, but wish I hadn't now, I think you might have booked a few more than 30 now
  • #28,404
  • Jan 7, 2010 5:18pm Jan 7, 2010 5:18pm
Quoting cisco
Global warming, my ass!

AH HA!! we finally have the source of global warming. Thanks for that.
  • #28,405
  • Jan 7, 2010 7:37pm Jan 7, 2010 7:37pm
Quoting eohater
I hope I wasn't the only one who took this long position? It was a clean entry with very minimal drawdown and I've booked 30 and covered at +3 now.
I have to start getting used to this flat candle reversal stuff.. Just doesn't make sense to me.. You would think that a candle closing flat would mean, say it was a bearish candle, that people were selling it right to the end of the candle with no buying yet, so the trend would continue into the next candle. Still bizarre to me how this works as a reversal..But I can clearly see that it does.
Cap
  • #28,406
  • Jan 7, 2010 8:03pm Jan 7, 2010 8:03pm
Quoting The Captain
I have to start getting used to this flat candle reversal stuff.. Just doesn't make sense to me.. You would think that a candle closing flat would mean, say it was a bearish candle, that people were selling it right to the end of the candle with no buying yet, so the trend would continue into the next candle. Still bizarre to me how this works as a reversal..But I can clearly see that it does.
For me also, before i didn't understand how this works as a reversal.
for it was a bearish candle. now i use it like a reversal.
Trade with the momentum
  • #28,407
  • Jan 7, 2010 8:22pm Jan 7, 2010 8:22pm
Quoting The Captain
I have to start getting used to this flat candle reversal stuff.. Just doesn't make sense to me.. You would think that a candle closing flat would mean, say it was a bearish candle, that people were selling it right to the end of the candle with no buying yet, so the trend would continue into the next candle. Still bizarre to me how this works as a reversal..But I can clearly see that it does.
Just as I would imagine seat time in an aircraft breeds familiarity so will chart time with forex. After observing these types of candles you will most likely go back through your charts with an eye for them to see how price has reacted to them in the past. They do occur quite frequently in areas of previous support or resistance. Look at the 15 min GU chart during the Asian session last night and you might spot one.
  • #28,408
  • Jan 7, 2010 11:19pm Jan 7, 2010 11:19pm
Quoting dakrusha
AH HA!! we finally have the source of global warming. Thanks for that.
  • #28,409
  • Jan 8, 2010 1:32am Jan 8, 2010 1:32am
been a crazy week. started "off" this week, but turned it around and now up 326 now..PHEW!! i think i have a couple trades left in me for tonight then i'm off for the weekend.
  • #28,410
  • Jan 8, 2010 2:23am Jan 8, 2010 2:23am
Price tuched 62EMA add may turn down now... i am waiting to short it from 5997 - 6011
Never sell @ lower upward channel unless breacked and vise versa .
  • #28,411
  • Jan 8, 2010 2:50am Jan 8, 2010 2:50am
Quoting WedWed
Price tuched 62EMA add may turn down now... i am waiting to short it from 5997 - 6011

6011
Never sell @ lower upward channel unless breacked and vise versa .
  • #28,412
  • Jan 8, 2010 7:00am Jan 8, 2010 7:00am
Good morning everyone its friday, some music b/4 the fireworks.


Inserted Video
  • #28,413
  • Jan 8, 2010 7:09am Jan 8, 2010 7:09am
Quoting 4fun
Good morning everyone its friday, some music b/4 the fireworks.


http://www.youtube.com/watch?v=mSZv9KKf0g0
Hi 4fun,

do you trade today or do you have to go to work?
  • #28,414
  • Jan 8, 2010 7:12am Jan 8, 2010 7:12am
Good morning 4fun
" When the ship starts to sink, don't just pray. JUMP "
  • #28,415
  • Jan 8, 2010 7:12am Jan 8, 2010 7:12am
haven't read the pdf's yet but will on the weekend. but since not much going right now maybe you have time to explain me how you guys deal with events like this upcoming nfp thing. thanks.
  • #28,416
  • Jan 8, 2010 7:15am Jan 8, 2010 7:15am
No WORK today!!!!
Attached Image
  • #28,417
  • Jan 8, 2010 7:20am Jan 8, 2010 7:20am
I shorted g/u right at 6000 look at the 15m how its closing below each ma just perfect looking 1.5960 for possible reverse
  • #28,418
  • Jan 8, 2010 7:25am Jan 8, 2010 7:25am
Was looking for a close below the 200 o-well going to hang tight and let the news do its thing
  • #28,419
  • Jan 8, 2010 7:51am Jan 8, 2010 7:51am
looking to short e/u 1.4420 area
  • #28,420
  • Jan 8, 2010 7:57am Jan 8, 2010 7:57am
Hi, EO, kEN
Where are you? is it our strategy to switch off computer during NFE time?
Dancing with Candlesticks
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