Trade what you see NOT what you expect | Page 1509 | 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

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Trade What You See And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #30,161
  • Jan 22, 2010 10:44am Jan 22, 2010 10:44am
Friday afternoons have gone from PG to X in a short period of time around here. It's good to see all these twisted minds in one place.

Have a great weekend everyone. Time to
Hi, my name is Barry and you can keep your doctor...
  • #30,162
  • Jan 22, 2010 10:45am Jan 22, 2010 10:45am
Quoting cisco
Friday afternoons have gone from PG to X in a short period of time around here. It's good to see all these twisted minds in one place.

Have a great weekend everyone. Time to
The nursing home orderly must have caught you on the computer again.
  • #30,163
  • Jan 22, 2010 10:48am Jan 22, 2010 10:48am
Quoting PippiNole
The nursing home orderly must have caught you on the computer again.


No, not yet! I keep outsmarting him!
Hi, my name is Barry and you can keep your doctor...
  • #30,164
  • Jan 22, 2010 10:52am Jan 22, 2010 10:52am
Quoting cisco


No, not yet! I keep outsmarting him!
Have a great weekend!
  • #30,165
  • Jan 22, 2010 11:06am Jan 22, 2010 11:06am
Quoting fx-group
In answer to your PM eohater, yes i did make +1700% using a lot of trade what you see, and a couple of simple indicators i designed myself. The good news is that i have just hit +2000% in less than 3 months, this really shows the power of not second guessing the markets. Statement available on request.

Keep up the good work!
I don't need to see your statement! I know what profits my system brings me, thus why I do what I do in here. This is not the Holy Grail, but to me, it's the next best thing.

Excellent job on your gains! Keep it up! Feel free to share anytime in my thread.
Just digging in the trenches like everyone else!
  • #30,166
  • Jan 22, 2010 11:18am Jan 22, 2010 11:18am
I hope everyone had a great week. It appears some people are starting to break through their challenges. I want to thank PippiNole for taking the time to share. Pippi and I talk all the time and he wanted to make sure you guys were looking at the HTF and I think he's got most of you doing that. Now, if we can just get Infinity back from all his other obligations.

In the meantime. I want everyone to party hard this weekend, review your charts. Review your trades, good and bad.

Now, if you've not started partying, please do so now!
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Just digging in the trenches like everyone else!
  • #30,167
  • Jan 22, 2010 11:58am Jan 22, 2010 11:58am
Quoting eohater
I hope everyone had a great week. It appears some people are starting to break through their challenges. I want to thank PippiNole for taking the time to share. Pippi and I talk all the time and he wanted to make sure you guys were looking at the HTF and I think he's got most of you doing that. Now, if we can just get Infinity back from all his other obligations.

In the meantime. I want everyone to party hard this weekend, review your charts. Review your trades, good and bad.

Now, if you've not started partying, please do so now!
My week was very good, best in a really long time.
I would also like to thank everyone on this thread, especially Pippi and EO,
and I hope that you continue to do the good work you do here with helping others like me . I'm really learning a lot from you!
  • #30,168
  • Jan 22, 2010 12:13pm Jan 22, 2010 12:13pm
OK i think i know why people have multiple brokers now.
I made one GREATtrade this AM and right after FXCM broke down and won't start. they won't answer their "live chat" and won't take calls. They just push me off to their "status update site" which says they are having troubles. In all fairness i have been with them for a few years and never had any real problems however i'm stuggling now because it's since i started trading larger volume that they are having issues all of a sudden.

SO on that note. The next opp I get i'm opening a second account. Besides MB trading which i believe is good but i HATE their interface, do any of you have some good suggestions. I say that asking for LIVE traders here using large volume. No demo traders to answer this please.
thx
dak
  • #30,169
  • Jan 22, 2010 4:16pm Jan 22, 2010 4:16pm
Quoting eohater
I hope everyone had a great week. It appears some people are starting to break through their challenges. I want to thank PippiNole for taking the time to share. Pippi and I talk all the time and he wanted to make sure you guys were looking at the HTF and I think he's got most of you doing that. Now, if we can just get Infinity back from all his other obligations.

In the meantime. I want everyone to party hard this weekend, review your charts. Review your trades, good and bad.

Now, if you've not started partying, please do so now!
Thanks for the education...and a Marley fan - Quality!
It's a dirty job but someone's gotta do it!
  • #30,170
  • Jan 22, 2010 8:27pm Jan 22, 2010 8:27pm
As our monthly candle is nearing it's final burn, we should all take notice. The working monthly candle is indecisive in it's current state. This monthly candle has a big impact upon a short position I've been holding. As the current PA is showing, we are bearish from the prior 2 closed monthly candles. Take notice of the pin, followed by the full bearish candle that closed below the bottom wick of the pin. The working monthly candle has done it's retest of the pins closed price of 645x and the sellers have pushed price back down. If this monthly candle closes below the prior monthly candle's wick, we will have confirmed PA for the bearish move into 539x. As we all know, price does not move in a straight line. I'm not telling anyone to go short on the following candle and expect to see 539x without the possiblity of one hell of a draw down.
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Just digging in the trenches like everyone else!
  • #30,171
  • Jan 22, 2010 10:05pm Jan 22, 2010 10:05pm
Quoting PippiNole
As it had just tested it a few hours ago I wasn't inclined to take it without proper PA on the lower time frame. I am long off the 15 min 200 area on her but I am down to one soldier as I am winding down for the weekend.
Thanks for that explanation Pippinole. What would your thought process have been on this G/U 62ema touch? It hadn't touched it for quite a while, but as you can see, didn't go too well. Am just learning this method, and any help from the experienced folks would be appreciated. EO, would be great if you could throw some pointers here too.
Have a good weekend guys.
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  • #30,172
  • Jan 23, 2010 3:23am Jan 23, 2010 3:23am
Quoting eohater
I hope everyone had a great week. It appears some people are starting to break through their challenges. I want to thank PippiNole for taking the time to share. Pippi and I talk all the time and he wanted to make sure you guys were looking at the HTF and I think he's got most of you doing that. Now, if we can just get Infinity back from all his other obligations.

In the meantime. I want everyone to party hard this weekend, review your charts. Review your trades, good and bad.

Now, if you've not started partying, please do so now!
Hello EO,

I really appreciate that after Ken's leaving the senior traders like Pippi or you help to get a better understanding of the system. Keep up the good work.

I wish you all a great week end.
  • #30,173
  • Jan 23, 2010 4:46am Jan 23, 2010 4:46am
Quoting kc0793
Thanks for that explanation Pippinole. What would your thought process have been on this G/U 62ema touch? It hadn't touched it for quite a while, but as you can see, didn't go too well. Am just learning this method, and any help from the experienced folks would be appreciated. EO, would be great if you could throw some pointers here too.
Have a good weekend guys.
Here are my thoughts on why the h1 62 touch didn't play out. Remember keep your eyes on what the market is doing. We had just broken out of a consolidation, so the buyers had control from the breakout.
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Just digging in the trenches like everyone else!
  • #30,174
  • Jan 23, 2010 4:51am Jan 23, 2010 4:51am
Further note, even if you don't drop down to the m15 to take the short, the h1 supported the short position from it's PA. Take note of the red text area.
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Just digging in the trenches like everyone else!
  • #30,175
  • Jan 23, 2010 6:22am Jan 23, 2010 6:22am
here is a link about the proposed new regs in the US.

http://www.forexpeacearmy.com/forex-...forex-usa.html

10:1 mandatory leverage...yikes
  • #30,176
  • Jan 23, 2010 8:07am Jan 23, 2010 8:07am
Quoting eohater
Further note, even if you don't drop down to the m15 to take the short, the h1 supported the short position from it's PA. Take note of the red text area.
Very insightful, thanks EO
  • #30,177
  • Jan 23, 2010 9:08am Jan 23, 2010 9:08am
If you let emotion influence your trading in the slightest, then you are compromised and should take a breather for a few minutes before resuming...doing this has saved me thousands across the years.
  • #30,178
  • Jan 23, 2010 7:03pm Jan 23, 2010 7:03pm
Quoting eohater
Further note, even if you don't drop down to the m15 to take the short, the h1 supported the short position from it's PA. Take note of the red text area.

The only thing that I could add to EO's great analysis is that the 1hr 200 sma was in such close proximity to the 1hr 62 that I would definitely not take the trade on first touch off the 1hr 62. I was actually long from the Asian session and shorted the breakout retest for about 20 pips as well as the flat candle trade near the top of the wick of the shooting star for 15 pips before taking a short just above the 1hr 200 at 6280. The south bound wasn't going to leave the station without me.
  • #30,179
  • Jan 24, 2010 2:50pm Jan 24, 2010 2:50pm
I have a question: The 33 pages PDF says that we trade bounces on the 1 or 5 o clock MA's. But i suppose that we have to confirm that it is a bounce, with candlestick patterns?

Thanks
  • #30,180
  • Jan 25, 2010 1:31am Jan 25, 2010 1:31am
Quoting givduL
I have a question: The 33 pages PDF says that we trade bounces on the 1 or 5 o clock MA's. But i suppose that we have to confirm that it is a bounce, with candlestick patterns?

Thanks
Hi
I hope this is not confusing as I am learning this method. 1 & 5 o'clock trades are add on positions after the main direction has been established. The more reasons you have to enter a trade the better, so look at Higher TF's, PA, PPA. S/R and candle patterns. The more confluence you have the better reason you have to enter a trade. I am sure the senior traders will have corrections and addittione to this
" When the ship starts to sink, don't just pray. JUMP "
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