Trade what you see NOT what you expect | Page 1437 | Forex Factory

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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

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Trade what you see NOT what you expect

  • #28,721
  • Jan 12, 2010 4:03pm Jan 12, 2010 4:03pm
Quoting bkg102665
Things are good and thanks for asking.I have been around and looking but just not said too much lately.I hope you are doing well and trading great!!
Nice to hear. I wouldn't call my trading great but I hope I will learn it one day.
  • #28,722
  • Jan 12, 2010 5:37pm Jan 12, 2010 5:37pm
Quoting cisco
If you're a country music fan then think of the silver fox, Charlie Rich.
Thanks Cisco.

I didn't know Charlie Rich (Johnny Cash was about as far as I got with Country) but now that I've checked his website out I have a more vivid image in my mind. Considering we're talking about Pippin showering naked that's obviously not a good thing.

Is it me or has Charlie Rich got a touch of the (older) Elvis about him?
Oh no!! That's now got me visualizing Pippin in a bejeweled one piece jump-suit open to the naval Is there a doctor in the house?

Macc
  • #28,723
  • Jan 12, 2010 5:53pm Jan 12, 2010 5:53pm
Quoting cisco
If you're a country music fan then think of the silver fox, Charlie Rich.
Charlie Rich was awesome!!!!, but maybe not in the shower.....
Please ask questions and share your experiences with us all!
  • #28,724
  • Jan 12, 2010 6:02pm Jan 12, 2010 6:02pm
Quoting bkg102665
Charlie Rich was awesome!!!!, but maybe not in the shower.....
  • #28,725
  • Jan 12, 2010 6:46pm Jan 12, 2010 6:46pm
I like the temptress day bar combined with yesterdays bar, its gone up and tested the 35&50 ma's on its 1st touch back since the down turn. Those ma's worked well on the way up, I am seeing the same on the way down.
  • #28,726
  • Jan 12, 2010 6:48pm Jan 12, 2010 6:48pm
Thanks for the prinatble PDF in post 1. Exactly what I was wanting.
  • #28,727
  • Jan 12, 2010 6:50pm Jan 12, 2010 6:50pm
Who the hell is charlie rich, guess its better I dont know lol!!
  • #28,728
  • Jan 12, 2010 7:06pm Jan 12, 2010 7:06pm
Quoting 4fun
Who the hell is charlie rich, guess its better I dont know lol!!
He was one hell-of-a good country singer back in the early seventies.He looked a lot like a white haired old Elvis Presley.Not anyone we want to see in the shower I promise.
Please ask questions and share your experiences with us all!
  • #28,729
  • Jan 13, 2010 12:39am Jan 13, 2010 12:39am
Hi, EO and Ken
Thanks for your setup and training very much!
I am making progress by using this method. Although it is not much, but I can see the progress, and I also can the big progress after some time practise and study. Now I can understand what I am doing, what may happen, slowly slowly I can see the PA.
when trading, we always need to keep an eye on HTF, but normally I would get confused. Because in high time frame the trend is confict with what I am going to trade.
Example: in 15m chart I am going to trade 15m 35/35ma reversal to long, but in 1h chart it looked berish at that moment.
other example like: when we trade 1h62ema to long, but 4h chart looks bearish at that time.
How to handle those problem?
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Dancing with Candlesticks
  • #28,730
  • Jan 13, 2010 1:33am Jan 13, 2010 1:33am
quote=iForex;3360782]Hi, EO and Ken
Thanks for your setup and training very much!
I am making progress by using this method. Although it is not much, but I can see the progress, and I also can the big progress after some time practise and study. Now I can understand what I am doing, what may happen, slowly slowly I can see the PA.
when trading, we always need to keep an eye on HTF, but normally I would get confused. Because in high time frame the trend is confict with what I am going to trade.
Example: in 15m chart I am going to trade 15m 35/35ma reversal to long, but in 1h chart it looked berish at that moment.
other example like: when we trade 1h62ema to long, but 4h chart looks bearish at that time.
How to handle those problem?[/quote]

Like all our trades. We start to see them unfold. The higher the time frame the longer it takes to happen.This is suppose to help you by letting you know what is a possiblity in the near future. It doesn't have to happen but it is looking that way. But we can still take our lower time frame trades easier as we have a idea what our entry area on those higher time frames maybe. Actually making it easier and safer. Like a Big pin on a 4 Hr or Daily chart we know that we can get a pullback into that wick. So if we know that we could feel safe taking a trade up the wick and have a idea where it would turn back.

This comes easier with time. But if you constantly scan all the time frames you will start to see the relationship. How one trade flows into the next. That is why using this system we can trade the longer term trades while taking the smaller ones as well.

Hope This helps Ken[
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Good Trading To All ; Ken Lee
  • #28,731
  • Jan 13, 2010 1:44am Jan 13, 2010 1:44am
Another point of watching the Higher time frames when you feel you don't have a clear direction on your Lower time frames sometimes looking at your Higher Time frame charts . It becomes clear as a bell to what is happening. Like right now on the gbp why is it stalling look at your Daily chart..
Good Trading To All ; Ken Lee
  • #28,732
  • Jan 13, 2010 2:43am Jan 13, 2010 2:43am
Good Morning All
  • #28,733
  • Jan 13, 2010 2:45am Jan 13, 2010 2:45am
Quoting KENNETH lEE
Another point of watching the Higher time frames when you feel you don't have a clear direction on your Lower time frames sometimes looking at your Higher Time frame charts . It becomes clear as a bell to what is happening. Like right now on the gbp why is it stalling look at your Daily chart..

Yes ,can clearly see the resistance posed by the 55ema on the daily and even have a 38 fib level at 6232 as you can see on the chart,and was sorely tempted to short at the 232 level,even had a bit of neg divergance on macd/rsi on lower t/f's,but did'nt as 15m chart was and still is showing clear 1 o clock trades are potentially good for more upside potential.

This is what is so frustrating at times,my gut was telling me to short(even if only down to 21ema on 15m for about 30 pips),but the 15m was saying stick with longs,well,to me at least. Anybody read it differently.
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  • #28,734
  • Jan 13, 2010 2:57am Jan 13, 2010 2:57am
Quoting Deputy Dawg
Yes ,can clearly see the resistance posed by the 55ema on the daily and even have a 38 fib level at 6232 as you can see on the chart,and was sorely tempted to short at the 232 level,even had a bit of neg divergance on macd/rsi on lower t/f's,but did'nt as 15m chart was and still is showing clear 1 o clock trades are potentially good for more upside potential.

This is what is so frustrating at times,my gut was telling me to short(even if only down to 21ema on 15m for about 30 pips),but the 15m was saying stick with longs,well,to me at least. Anybody...

I did take that long off the retest of yesterdays high and the 21 ema. myabe we can break up. But PA will lead the way ..
Good Trading To All ; Ken Lee
  • #28,735
  • Jan 13, 2010 2:58am Jan 13, 2010 2:58am
there was a short although a small one its best to stick with the trend and add to your longs on those small pullbacks

Quoting Deputy Dawg
Yes ,can clearly see the resistance posed by the 55ema on the daily and even have a 38 fib level at 6232 as you can see on the chart,and was sorely tempted to short at the 232 level,even had a bit of neg divergance on macd/rsi on lower t/f's,but did'nt as 15m chart was and still is showing clear 1 o clock trades are potentially good for more upside potential.

This is what is so frustrating at times,my gut was telling me to short(even if only down to 21ema on 15m for about 30 pips),but the 15m was saying stick with longs,well,to me at least. Anybody...
  • #28,736
  • Jan 13, 2010 3:00am Jan 13, 2010 3:00am
Quoting Deputy Dawg
Yes ,can clearly see the resistance posed by the 55ema on the daily and even have a 38 fib level at 6232 as you can see on the chart,and was sorely tempted to short at the 232 level,even had a bit of neg divergance on macd/rsi on lower t/f's,but did'nt as 15m chart was and still is showing clear 1 o clock trades are potentially good for more upside potential.

This is what is so frustrating at times,my gut was telling me to short(even if only down to 21ema on 15m for about 30 pips),but the 15m was saying stick with longs,well,to me at least....
Putting EO's use of the ma's to one side, I think Ken may have been referring to the clump of former support now turned resistance on the daily from Dec 8th to 16th (and previously). That gives us the heads-up for an area of interest where lower timeframe PA will guide us in/out of possible trade opportunities.

I'd personally got 1624x as a spot to watch so I'm in the same ballpark as your 16232. Those trades against the prevailing trend off upcoming resistance (you mentioned shorting back to the 21ema) are nervy ones to take.

Always nice to get some clear PA to lead the way.

Macc
  • #28,737
  • Jan 13, 2010 3:05am Jan 13, 2010 3:05am
Quoting KENNETH lEE
I did take that long off the retest of yesterdays high and the 21 ema. myabe we can break up. But PA will lead the way ..
As always, my posting is one step behind LOL

I took the same 21ema touch Ken. Covered and waiting to see if the overhead resistance will give way

Macc
  • #28,738
  • Jan 13, 2010 3:06am Jan 13, 2010 3:06am
Quoting macc
Putting EO's use of the ma's to one side, I think Ken may have been referring to the clump of former support now turned resistance on the daily from Dec 8th to 16th (and previously). That gives us the heads-up for an area of interest where lower timeframe PA will guide us in/out of possible trade opportunities.

I'd personally got 1624x as a spot to watch so I'm in the same ballpark as your 16232. Those trades against the prevailing trend off upcoming resistance (you mentioned shorting back to the 21ema) are nervy ones to take.

Always nice to...

As with all our trading it is a combination of all those factors . PPA. MA,s and Draw a trendline from the top to the bottom outside of price. One small wick out of place.So this why sellers are here or stops. But we are getting Higher wicks on our 15's. News in 24 might push it through or send it back down.
Good Trading To All ; Ken Lee
  • #28,739
  • Jan 13, 2010 3:10am Jan 13, 2010 3:10am
Quoting davids
there was a short although a small one its best to stick with the trend and add to your longs on those small pullbacks
Daily trend is down and 15m is up,I think someone replied to the point the other day that more often than not the higher t/f will prevail.
  • #28,740
  • Jan 13, 2010 3:14am Jan 13, 2010 3:14am
Nice one Macc we take out 6241 and this will be very sweet

Quoting macc
As always, my posting is one step behind LOL

I took the same 21ema touch Ken. Covered and waiting to see if the overhead resistance will give way

Macc
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