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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

  • #29,141
  • Jan 15, 2010 6:58am Jan 15, 2010 6:58am
LOL...I keep backing my SL off on this GU. I could have closed with +50 and I've gone from a +25 Sl to a +1 now just to stay in it.

Swing trading the Mrs. just isn't in the cards this week. But then, I've also been bucking the....hate say it....TREND! Should be buying dips all week...LOL
Ghost Rider - WWTBMD?
  • #29,142
  • Jan 15, 2010 7:05am Jan 15, 2010 7:05am
Quoting Gladis Night
Good morning Snow, I hope you are well
i am! its friday! i watched the hangover again last night, went to bed laughing, woke up laughing... all is good.

and you?
  • #29,143
  • Jan 15, 2010 7:05am Jan 15, 2010 7:05am
Quoting albchr
LOL...I keep backing my SL off on this GU. I could have closed with +50 and I've gone from a +25 Sl to a +1 now just to stay in it.

Swing trading the Mrs. just isn't in the cards this week. But then, I've also been bucking the....hate say it....TREND! Should be buying dips all week...LOL
Why I did not buy a dip is because I am afraid it's big drop. why I am afraid it's big drop is because I saw E/U drop a lot, and GU went up for 4 days without any adjustment.
Do you guys have the same feeling as me?
Dancing with Candlesticks
  • #29,144
  • Jan 15, 2010 7:06am Jan 15, 2010 7:06am
Quoting albchr
LOL...I keep backing my SL off on this GU. I could have closed with +50 and I've gone from a +25 Sl to a +1 now just to stay in it.

Swing trading the Mrs. just isn't in the cards this week. But then, I've also been bucking the....hate say it....TREND! Should be buying dips all week...LOL
Hi Chris,

how does your E/J trade ended yesterday?
  • #29,145
  • Jan 15, 2010 7:06am Jan 15, 2010 7:06am
Quoting iForex
Why I did not buy a dip is because I am afraid it's big drop. why I am afraid it's big drop is because I saw E/U drop a lot, and GU went up for 4 days without any adjustment.
Do you guys have the same feeling as me?

yes!

but... i buy the dip and set a SL i can deal handle and let it go.
  • #29,146
  • Jan 15, 2010 7:12am Jan 15, 2010 7:12am
Quoting MCFly
Hi Chris,

how does your E/J trade ended yesterday?
Hey buddy...

Here...

http://www.forexfactory.com/showpost...ostcount=29101

How about yours?
Ghost Rider - WWTBMD?
  • #29,147
  • Jan 15, 2010 7:17am Jan 15, 2010 7:17am
Quoting albchr
LOL...I keep backing my SL off on this GU. I could have closed with +50 and I've gone from a +25 Sl to a +1 now just to stay in it.

Swing trading the Mrs. just isn't in the cards this week. But then, I've also been bucking the....hate say it....TREND! Should be buying dips all week...LOL
Chris, i still hold my short on GU, now im looking to short again EJ
Trade with the momentum
  • #29,148
  • Jan 15, 2010 7:19am Jan 15, 2010 7:19am
Quoting sailor68
Chris, i still hold my short on GU, now im looking to short again EJ
Yep, I still have mine. For how long?

The news in 10 minutes will likely spike my +1 stop out.
Ghost Rider - WWTBMD?
  • #29,149
  • Jan 15, 2010 7:23am Jan 15, 2010 7:23am
Quoting albchr
Hey buddy...

Here...

http://www.forexfactory.com/showpost...ostcount=29101

How about yours?
You have earned 7 pips? I closed the trade with +3 before I went to bed. With such trades I'm hunting EO's pips/week record
  • #29,150
  • Jan 15, 2010 7:24am Jan 15, 2010 7:24am
Quoting albchr
For a move below 6240 (Daily S/R) yes.

See now this is where I still feel something is fishy here. As I write this, the USDX is going up and the GBPLFX is going down yet GU is rising???

The 1H 62 is holding firm but I'm waiting still....

Current hour is now testing the bottom of the 1H channel the last hour closed below.

That stuff will cloud your judgement, brother.. Plus the currencies and those aren't laging. So once they change so has your trading pair. I think they may useful for long term trends but not intraday. Just my two cents..

Good Morning Everyone.

news in 6 Min
Good Trading To All ; Ken Lee
  • #29,151
  • Jan 15, 2010 7:25am Jan 15, 2010 7:25am
Quoting MCFly
You have earned 7 pips? I closed the trade with +3 before I went to bed. With such trades I'm hunting EO's pips/week record
Yep! We're rolling in it now bro!

Something tells me EO's record is pretty safe...
Ghost Rider - WWTBMD?
  • #29,152
  • Jan 15, 2010 7:27am Jan 15, 2010 7:27am
Good morning Ken. i hope you are well
" When the ship starts to sink, don't just pray. JUMP "
  • #29,153
  • Jan 15, 2010 7:31am Jan 15, 2010 7:31am
Quoting iForex
This is very good example, we can ask EO and Ken late.
15M, 1H, 4H, 1D all are showing bearish, can we trade 1h62ema to long?

To be honest the 62 alone was a bit over extended for my liking. BUT I alos have a Daily S/R line right at 1.6276, and the PPA is strong in that area.

Plus per EO's word's ( post no.10,,"A fresh touch of the 1h 62ema. If she hasn't touched the 1h 62ema in a while, I will enter the trade opposite of the direction she came from when she gets to the 1h 62ema.")

Happy Friday Everyone
Good Trading To All ; Ken Lee
  • #29,154
  • Jan 15, 2010 7:33am Jan 15, 2010 7:33am
Quoting KENNETH lEE
That stuff will cloud your judgement, brother.. Plus the currencies and those aren't laging. So once they change so has your trading pair. I think they may useful for long term trends but not intraday. Just my two cents..

Good Morning Everyone.

news in 6 Min
I don't disagree Ken. I'm still looking for that "happy medium" between quick in & out trades (EO) and being able to hold longer for more.

Because my position size has to be so small, it's a "mental barrier" I have to break in taking just 10 or 20 pips and then looking for another entry. Even when I take partial and cover (I do this a lot), it just doesn't add up to enough by the week's end.

All I know for sure is...pulling the trigger is the riskiest part of of trading so I tend to shy away from having to do it too much. I'm sure as I learn this method and gain more confidence in it, that fear will diminish.
Ghost Rider - WWTBMD?
  • #29,155
  • Jan 15, 2010 7:39am Jan 15, 2010 7:39am
Quoting albchr
I don't disagree Ken. I'm still looking for that "happy medium" between quick in & out trades (EO) and being able to hold longer for more.

Because my position size has to be so small, it's a "mental barrier" I have to break in taking just 10 or 20 pips and then looking for another entry. Even when I take partial and cover (I do this a lot), it just doesn't add up to enough by the week's end.

All I know for sure is...pulling the trigger is the riskiest part of of trading so I tend to shy away from having to do it too much. I'm sure as I learn...
Just talking from others exprience that HAD used those indexes in the past , They couldn't make a clear choice was always conflicting. Once they dropped them and started mainly watching the 1 hr for signals and 15 for entries . they made great progress. ..

I really understand your issue . I also have to now make a withdrawl weekly to pay the bills. So never feel alone . There are actualy a good many here living off this system weeklly.

Plus you know this stuff as well as I do or better. So if it is hard to take the trades maybe lower the risk until it isn't. It is trully amazing how much you can make trading small amounts and willing to get in and out stress free.

I wish you all the profits in the world and we will all suceed together. Ken
Good Trading To All ; Ken Lee
  • #29,156
  • Jan 15, 2010 7:44am Jan 15, 2010 7:44am
Quoting KENNETH lEE
Just talking from others exprience that HAD used those indexes in the past , They couldn't make a clear choice was always conflicting. Once they dropped them and started mainly watching the 1 hr for signals and 15 for entries . they made great progress. ..

I really understand your issue . I also have to now make a withdrawl weekly to pay the bills. So never fell alone . There are actualy a good many here living off this system weeklly.

Plus you know this stuff as well as I do or better. So if it is hard to take the trades maybe power the risk...
Nowhere near as well as you....YET!

I'll bet paying the heating bills on that boat in FL is getting expensive brother.

Global warming???
Ghost Rider - WWTBMD?
  • #29,157
  • Jan 15, 2010 7:46am Jan 15, 2010 7:46am
Quoting albchr
I don't disagree Ken. I'm still looking for that "happy medium" between quick in & out trades (EO) and being able to hold longer for more.

.
This is why women make better traders. Quick in and out is no good
" When the ship starts to sink, don't just pray. JUMP "
  • #29,158
  • Jan 15, 2010 7:47am Jan 15, 2010 7:47am
Good morning/afternoon fellow traders!

Hope everyone is sitting very green(pip wise) for the week!
  • #29,159
  • Jan 15, 2010 7:48am Jan 15, 2010 7:48am
Good morning pippi. I hope you are well
" When the ship starts to sink, don't just pray. JUMP "
  • #29,160
  • Jan 15, 2010 7:50am Jan 15, 2010 7:50am
Quoting Gladis Night
This is why women make better traders. Quick in and out is no good
Yeah, lasting 3 hours or more has always been my way...

It's hard for me to adjust to the shorter term.
Ghost Rider - WWTBMD?
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