Trade what you see NOT what you expect | Page 1498 | Forex Factory

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Trade what you see NOT what you expect

  • #29,941
  • Jan 21, 2010 11:52am Jan 21, 2010 11:52am
Quoting dakrusha
it will mcfly....give it a little reach-around action and it will behave. if it doesn't break out the cuffs and leather.. HAHA
I damn near spit up on my keyboard!
Just digging in the trenches like everyone else!
  • #29,942
  • Jan 21, 2010 11:53am Jan 21, 2010 11:53am
Quoting The Captain
I can't exacty remember.. I didn't like what the PA was doing. And it worked out well. I got out for 11 and then it ran back up and I took it again and let it run for 60.

And EO the reason I got out at +60 was because the price started running back up and it happens so much that I'm up huge and price runs back up and I end up closing for half of what I was up. Just wanted to lock it in I guess.. Something I need to work on.
That is EMOTION that is affecting most trader. From what I see from EO explanation, you let chart tells you with price action to know when to exit
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #29,943
  • Jan 21, 2010 11:54am Jan 21, 2010 11:54am
Quoting eohater
I guess this chart is of no use to anyone?
Yes chart helped thanks EO. Im guessing PO is pending order.. How do you set pending orders when shes dropping like that? Like how old were the orders?
Cap
  • #29,944
  • Jan 21, 2010 11:58am Jan 21, 2010 11:58am
Quoting The Captain
Yes chart helped thanks EO. Im guessing PO is pending order.. How do you set pending orders when shes dropping like that? Like how old were the orders?
Yes, PO is Pending Order, I set them after I see the PA I'm looking for if I feel price is still going to push up a little and it usually does.
Just digging in the trenches like everyone else!
  • #29,945
  • Jan 21, 2010 11:59am Jan 21, 2010 11:59am
Quoting eohater
I guess this chart is of no use to anyone?
Quoting eohater
Anyone trading the mistress, better go look at your h1's and tell me what do you see? If you tell me it looks nothing like the m15 chart I posted, please leave.
EO, the chart you posted is great, and 1h looks exactly like it
(without the last candle... )

Now we wait for 15m PA for good entry long?
  • #29,946
  • Jan 21, 2010 12:00pm Jan 21, 2010 12:00pm
Quoting eohater
Yes, PO is Pending Order, I set them after I see the PA I'm looking for if I feel price is still going to push up a little and it usually does.
Ah ok I get it. I was thinking you set them hours ago or something and I was about to
Cap
  • #29,947
  • Jan 21, 2010 12:00pm Jan 21, 2010 12:00pm
OK, in all honesty, I doubt we will get a major move back up on the mistress this time of day, but, we are going to get a DBLHC, IB, Inverted hanging man on the h1.
Just digging in the trenches like everyone else!
  • #29,948
  • Jan 21, 2010 12:01pm Jan 21, 2010 12:01pm
Quoting The Captain
Ah ok I get it. I was thinking you set them hours ago or something and I was about to
NO, I cancel the PO right away if it doesn't get filled. I've had that F'up before and it was costly. I make sure to clear them out and if I set one when I'm tired, I set it with TP and SL in tact as well incase I fall asleep.
Just digging in the trenches like everyone else!
  • #29,949
  • Jan 21, 2010 12:03pm Jan 21, 2010 12:03pm
Quoting Attraction
EO, the chart you posted is great, and 1h looks exactly like it
(without the last candle... )

Now we wait for 15m PA for good entry long?
being the time of day it is, I would look for her to range out between the 127.3x area and 127.7x area, SL on longs should not be greater than 127.15

Remembe, our daily is bearish and we need to respect that, this is only good for 1h, afterwards, the PA if not confirmed in this h1 will be gone.
Just digging in the trenches like everyone else!
  • #29,950
  • Jan 21, 2010 12:04pm Jan 21, 2010 12:04pm
Quoting eohater
I don't use S/R on the m15, only my HTF, h1, h4, daily, weekly, monthly, quarterly, bi annual and yearly
Oh that's interessting. Minor S&R lines on the 15 min tf don't play any role for your scalp trades?
  • #29,951
  • Jan 21, 2010 12:06pm Jan 21, 2010 12:06pm
Quoting eohater
Dak, it's always a pleasure to trade with you. You're system works for you and DON'T change it. I'm glad that I was able to provide some MA's that you've incorporated. As to the pippage, well, yes there have been weeks that I've cleared over 2K pips in a week, but that's when I'm trading 2 pairs London and US. In all honesty, I could just trade 1 day, 1 trade per week and be done.
knowing your cosistency and skill i'm SURE you could be done in 1 trade per week. but come on now...what fun would that be?
  • #29,952
  • Jan 21, 2010 12:06pm Jan 21, 2010 12:06pm
Quoting eohater
I damn near spit up on my keyboard!
ew don't do that...don't want a short in ur keyboard
  • #29,953
  • Jan 21, 2010 12:07pm Jan 21, 2010 12:07pm
Quoting dakrusha
knowing your cosistency and skill i'm SURE you could be done in 1 trade per week. but come on now...what fun would that be?
Exactly!
Just digging in the trenches like everyone else!
  • #29,954
  • Jan 21, 2010 12:08pm Jan 21, 2010 12:08pm
Quoting luckylady
Bring it on Pippi
Would you have any interest in attending a forex seminar on a Caribbean island that would be held by EO and myself?
  • #29,955
  • Jan 21, 2010 12:15pm Jan 21, 2010 12:15pm
Quoting MCFly
Oh that's interessting. Minor S&R lines on the 15 min tf don't play any role for your scalp trades?
When price is ranging, I do define my range on the m15, but I don't need lines to do it. I'm usually going from the top and bottom of the range back and forth.
Just digging in the trenches like everyone else!
  • #29,956
  • Jan 21, 2010 12:18pm Jan 21, 2010 12:18pm
Quoting dakrusha
it will mcfly....give it a little reach-around action and it will behave. if it doesn't break out the cuffs and leather.. HAHA
Chris aka albchr just exlpained me what this means
  • #29,957
  • Jan 21, 2010 12:20pm Jan 21, 2010 12:20pm
Quoting MCFly
Chris aka albchr just exlpained me what this means
O CRAP DUDE! sorry to leave you in the dark that way. LMAO!
  • #29,958
  • Jan 21, 2010 12:20pm Jan 21, 2010 12:20pm
Quoting PippiNole
Would you have any interest in attending a forex seminar on a Caribbean island that would be held by EO and myself?
Is this offer only good for LuckLady?
Ghost Rider - WWTBMD?
  • #29,959
  • Jan 21, 2010 12:21pm Jan 21, 2010 12:21pm
Quoting albchr
Is this offer only good for LuckLady?
Gladdis can come!
Just digging in the trenches like everyone else!
  • #29,960
  • Jan 21, 2010 12:23pm Jan 21, 2010 12:23pm
Quoting eohater
being the time of day it is, I would look for her to range out between the 127.3x area and 127.7x area, SL on longs should not be greater than 127.15

Remembe, our daily is bearish and we need to respect that, this is only good for 1h, afterwards, the PA if not confirmed in this h1 will be gone.
Price has gone into the 127.3x area and I hope some people have taken the opportunity to play the h1 PA. Now, longs want price to get over 127.8x ideally.
Just digging in the trenches like everyone else!
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