Trade what you see NOT what you expect | Page 1439 | 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

  • #28,761
  • Jan 13, 2010 5:17am Jan 13, 2010 5:17am
Quoting Deputy Dawg
Hi,I am assuming you're saying you went long somewhere on that spike marked by the blue arrow.but i can't understand why you would,perhaps you can highlight why you thought this was the candle to enter on.Also your stop was massive.I think half the point of using this method is to get a good entry with as tight a stoploss as possible,therefore reducing your risk.

if you were going to trade the euro,then the two candles highlighted with red and black arrows were the best entries in my eyes at least,hope this helps,good luck
His trade was yesterday marked on the chart, around the 14:45 GMT candle as far as I can make out.
  • #28,762
  • Jan 13, 2010 5:22am Jan 13, 2010 5:22am
Quoting luckylady
His trade was yesterday marked on the chart, around the 14:45 GMT candle as far as I can make out.

Ah,gotcha,totally misread where he'd entered,please ignore my comments Anon,although those Two enties with red and black arrows would have paid out well ha ha.
  • #28,763
  • Jan 13, 2010 5:26am Jan 13, 2010 5:26am
Quoting Deputy Dawg
Ah,gotcha,totally misread where he'd entered,please ignore my comments Anon,although those Two enties with red and black arrows would have paid out well ha ha.
Lol yep if you missed the bounce off 1hr 62ma
" When the ship starts to sink, don't just pray. JUMP "
  • #28,764
  • Jan 13, 2010 5:27am Jan 13, 2010 5:27am
Quoting luckylady
... The PA at the top should have alerted you that it may not go up further at the moment, ...

... Then you should at least have covered yourself by either taking some profit and moving your stop to breakeven ...
Yea, that's my reading too. Problem being that I can't - and don't want to - stare at the screen all the time as I'm still having this boring day job. Anyways, taking it easy. It's only demo and in principle the entry was good for about 30 pips, i.e. not completely lunatic.

Thanks everybody. Fun working with you guys!
  • #28,765
  • Jan 13, 2010 5:29am Jan 13, 2010 5:29am
Quoting luckylady
His trade was yesterday marked on the chart, around the 14:45 GMT candle as far as I can make out.
yep. fisrt broken vertical line is entry. 2d broken line stop out
  • #28,766
  • Jan 13, 2010 5:30am Jan 13, 2010 5:30am
Quoting AnonYmos
Yea, that's my reading too. Problem being that I can't - and don't want to - stare at the screen all the time as I'm still having this boring day job. Anyways, taking it easy. It's only demo and in principle the entry was good for about 30 pips, i.e. not completely lunatic.

Thanks everybody. Fun working with you guys!
Just keep watching and learning it does sloooooowly become more clear
" When the ship starts to sink, don't just pray. JUMP "
  • #28,767
  • Jan 13, 2010 5:38am Jan 13, 2010 5:38am
Quoting macc
16267 is next on my list if 1624x is out of the way

Macc
If 16267 is out of the way ("if"), next major area of interest for me is 16327 (give or take) but a few bumps in between here and there so it's PA to lead the way as usual.

Partial profit taken and stop now +20 and tucked behind the 15m 21ema

Macc
  • #28,768
  • Jan 13, 2010 5:38am Jan 13, 2010 5:38am
Hi Can some one explain y todays E/J 62 ema didn work out?..thnx a lot..im stil learning
  • #28,769
  • Jan 13, 2010 5:42am Jan 13, 2010 5:42am
Quoting AnonYmos
Yea, that's my reading too. Problem being that I can't - and don't want to - stare at the screen all the time as I'm still having this boring day job. Anyways, taking it easy. It's only demo and in principle the entry was good for about 30 pips, i.e. not completely lunatic.

Thanks everybody. Fun working with you guys!
I hope I have spotted your trade the right way. I'm not as good in trading this system like the others in here but this is my view.

@others: If I made a mistake plz correct me
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  • #28,770
  • Jan 13, 2010 5:52am Jan 13, 2010 5:52am
Quoting p1p
Hi Can some one explain y todays E/J 62 ema didn work out?..thnx a lot..im stil learning
Hi p1p.

I wasn't following EJ but it looks like the 62 bounce did play out a little (kind of, sort of)

The 15m 9.15/9.30 GMT candle got within 5 or so pips and then pulled-back 20+ pips from there.

Some of the people on here enter as price gets to within so many pips of the 62 (+/- 10 pips?) as it doesn't always make a perfect touch.

ok, the 62 didn't turn price back around but it gave an opportunity to cover and/or take some pips off the table. It's not the easiest of trades to take sometimes. Price action on the 15m leading up to the 62 can sometimes give an indication of how she's going to play out but, as with many things in trading, nothing is guaranteed, hence, stop losses and good management.

Hopefully you were protected and live to fight another day

Macc
  • #28,771
  • Jan 13, 2010 5:56am Jan 13, 2010 5:56am
Quoting macc
Hi p1p.

I wasn't following EJ but it looks like the 62 bounce did play out a little (kind of, sort of)

The 15m 9.15/9.30 GMT candle got within 5 or so pips and then pulled-back 20+ pips from there.

Some of the people on here enter as price gets to within so many pips of the 62 (+/- 10 pips?) as it doesn't always make a perfect touch.

ok, the 62 didn't turn price back around but it gave an opportunity to cover and/or take some pips off the table. It's not the easiest of trades to take sometimes. Price action on the 15m leading up to the...
Of course, it still has time to play out now depending on the stop loss you had in place but this could just be a break of the 62 followed by a retrace and continuation. I'm certainly no EJ expert (PippiNole?)

Macc
  • #28,772
  • Jan 13, 2010 6:05am Jan 13, 2010 6:05am
morning everyone, hows the pippage today?
  • #28,773
  • Jan 13, 2010 6:25am Jan 13, 2010 6:25am
Quoting macc
Of course, it still has time to play out now depending on the stop loss you had in place but this could just be a break of the 62 followed by a retrace and continuation. I'm certainly no EJ expert (PippiNole?)

Macc
Hi Macc,
Thanks for ur explanation... it did hit my SL..20 pips...didnt hurt much...looking forward to study something from the experts here...
  • #28,774
  • Jan 13, 2010 6:29am Jan 13, 2010 6:29am
morning guys and girls,

Great to see most of you are doing well. Can't say the same as I missed the up move.
Now just waiting to get in on a reversal.

Could be a long wait so I guess I will re read the pdf's while waiting:nerd:
  • #28,775
  • Jan 13, 2010 6:42am Jan 13, 2010 6:42am
Quoting p1p
Hi Macc,
Thanks for ur explanation... it did hit my SL..20 pips...didnt hurt much...looking forward to study something from the experts here...
I try to study/learn something every day from the great traders on here and the good thing is they are more than willing to share.

Macc
  • #28,776
  • Jan 13, 2010 6:45am Jan 13, 2010 6:45am
Quoting robgsxr
morning guys and girls,

Great to see most of you are doing well. Can't say the same as I missed the up move.
Now just waiting to get in on a reversal.

Could be a long wait so I guess I will re read the pdf's while waiting:nerd:
Morning Snowmeizer. Morning Rob.

I'm sure our US cousins will shake the Mrs up a little as they join the battle.

Macc
  • #28,777
  • Jan 13, 2010 6:48am Jan 13, 2010 6:48am
Hmmmm....EJ 1H with the 200/150/62/50 all right there? Hmmmm....LOL

And top of the 15m channel?? Hmmmm

50% fib of the recent fall? So why am I so nervous about a short?
Ghost Rider - WWTBMD?
  • #28,778
  • Jan 13, 2010 6:54am Jan 13, 2010 6:54am
Morning Everyone.

Well the EJ blew through the 1H 62 so hopefully the 200 will hold it. A young lad like myself should have the right to bank green pips on his birthday!!
Cap
  • #28,779
  • Jan 13, 2010 6:57am Jan 13, 2010 6:57am
Quoting The Captain
Morning Everyone.

Well the EJ blew through the 1H 62 so hopefully the 200 will hold it. A young lad like myself should have the right to bank green pips on his birthday!!
HAPPY BIRTHDAY!

But on my feed, it's just touching the 62 now and stalled there. Almost to the pip.
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Ghost Rider - WWTBMD?
  • #28,780
  • Jan 13, 2010 6:58am Jan 13, 2010 6:58am
Quoting albchr
Hmmmm....EJ 1H with the 200/150/62/50 all right there? Hmmmm....LOL

And top of the 15m channel?? Hmmmm

50% fib of the recent fall? So why am I so nervous about a short?
Throw 1330x support turned resistance into the mix too Chris LOL

Macc
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