Trade what you see NOT what you expect | Page 1528 | Forex Factory

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Trade what you see NOT what you expect

  • #30,541
  • Jan 28, 2010 1:09pm Jan 28, 2010 1:09pm
OK guys, I want to share with you something. Earlier this week, ppl in the Cable Thread were screaming that the pound was going to the moon and no way in hell would they short it. Now today, their screaming that she's on the path to hell and no way will they take a long position.

If I can provide any help, please accept that what you read on the cable thread as humor and trade what you guys see. I've banged GU long and short all week long, probably made more pips this week on the pound alone that what most of the traders in the Cable thread will make all month.

Truth: Trend direction is East with Peaks and Valleys.

Trade well guys!
Just digging in the trenches like everyone else!
  • #30,542
  • Jan 28, 2010 1:11pm Jan 28, 2010 1:11pm
Quoting The Captain
Cool. You building a long on the Mrs?
Just banging her for what she's worth! I only have one position trade open and it's been open since August. I don't position trade anymore. It's not as profitable as intraday trading.
Just digging in the trenches like everyone else!
  • #30,543
  • Jan 28, 2010 1:24pm Jan 28, 2010 1:24pm
Anyone have any questions, comments, concerns they would like to discuss?
Just digging in the trenches like everyone else!
  • #30,544
  • Jan 28, 2010 1:30pm Jan 28, 2010 1:30pm
Quoting eohater
Anyone have any questions, comments, concerns they would like to discuss?
What is an EO, and should I be going long on the Mrs. from here?
Cap
  • #30,545
  • Jan 28, 2010 1:35pm Jan 28, 2010 1:35pm
Quoting The Captain
What is an EO, and should I be going long on the Mrs. from here?
Longs on the Mrs. from here could be good, we have support, but like I said earlier, I can see her going deeper. Longs from here, need to have tight SL and target your MA's for TP's. Prime example. The hammer we just got on the m15, could give enough power to take her back to 618x, not during the US Session though. We'll probably just range out between the 611x - 614x area for the rest of the day.

As to the EO question, if you guess it, I'll tell you, but I'm not going to post the definition of EO
Just digging in the trenches like everyone else!
  • #30,546
  • Jan 28, 2010 1:40pm Jan 28, 2010 1:40pm
Quoting eohater
Longs on the Mrs. from here could be good, we have support, but like I said earlier, I can see her going deeper. Longs from here, need to have tight SL and target your MA's for TP's. Prime example. The hammer we just got on the m15, could give enough power to take her back to 618x, not during the US Session though. We'll probably just range out between the 611x - 614x area for the rest of the day.

As to the EO question, if you guess it, I'll tell you, but I'm not going to post the definition of EO
Thanks dude. As for EO, I havn't the slightest clue. It will have to remain a mystery.
Cap
  • #30,547
  • Jan 28, 2010 1:45pm Jan 28, 2010 1:45pm
Quoting The Captain
Thanks dude. As for EO, I havn't the slightest clue. It will have to remain a mystery.
Just digging in the trenches like everyone else!
  • #30,548
  • Jan 28, 2010 2:19pm Jan 28, 2010 2:19pm
Quoting eohater
...
Truth: Trend direction is East with Peaks and Valleys.

Trade well guys!
Hey EO, the East bit is easy, but the Peaks and Valleys does my head in...still learning
It's a dirty job but someone's gotta do it!
  • #30,549
  • Jan 28, 2010 2:54pm Jan 28, 2010 2:54pm
Quoting eohater
OK guys, I want to share with you something. Earlier this week, ppl in the Cable Thread were screaming that the pound was going to the moon and no way in hell would they short it. Now today, their screaming that she's on the path to hell and no way will they take a long position.

If I can provide any help, please accept that what you read on the cable thread as humor and trade what you guys see. I've banged GU long and short all week long, probably made more pips this week on the pound alone that what most of the traders in the Cable thread will...
If u read the cable thread....no trading for 3 days!
  • #30,550
  • Jan 28, 2010 3:45pm Jan 28, 2010 3:45pm
I wanted to take some time to share a little success with the NOOB's of the thread and to forex in general.

Some of you know that I have been in this game for a few years now. I have spent the majority of that time working on my system and studying the cable only.

When i started i was grasping at straws trying to find a good system or indicator. There the truth is this, "the system lies within". If you are here working on EO's sys then perfect because there isn't much of a better, easier to follow, analytical system out there. But regardless of how good the system is, it all boils down to you, your attitude, ability to be flexible and disciplined all at once.

When this year started I put down a pretty good chunk of change into my account since my real goal is to retire from my day job and have a lot more time and money to do what i want. I want my freedom back.

I want to encourage those of you that are working out the kinks in the "trader in you". Keep focused, keep your mind open, keep learning, and most importantly...when you make a crappy trade...ALWAYS ask yourself why that happened.

If you made a text book entry based on your study and the market didn't perform as expected then no big deal. That's how it goes, BUT....if you made a crappy entry and cut a trade loose early for a loss, and you do that on a regular basis, then it's not the market, it's you...and guess what, YOU can change that.

I have been quite successful the last few weeks and even though I don't trade exactly how everybody else here is, i wanted to thank not only EO for putting together his info and time, but the rest of you that have kept me focused and driven. Even if i wasn't posting here, i was watching and reading. It's great to have a group that helps me, and i'm sorry if i haven't contributed much, but i will work harder to help here where i can.

Peace ppl
dak
  • #30,551
  • Jan 28, 2010 3:55pm Jan 28, 2010 3:55pm
Quoting eohater

As to the EO question, if you guess it, I'll tell you, but I'm not going to post the definition of EO
OOh Ooh, I know! Do I get a prize?
Hi, my name is Barry and you can keep your doctor...
  • #30,552
  • Jan 28, 2010 4:30pm Jan 28, 2010 4:30pm
Hi EO (Expert Operator) ;-),

Can you post your daily and 4hr chart for the Mrs.?

Cheers

Thomas
  • #30,553
  • Jan 28, 2010 6:12pm Jan 28, 2010 6:12pm
Quoting eohater
As to the EO question, if you guess it, I'll tell you, but I'm not going to post the definition of EO
Every One's a Hater!

Do i get a chance to accompany the ladies to the Island Life FX Seminar?
It's a dirty job but someone's gotta do it!
  • #30,554
  • Jan 28, 2010 6:24pm Jan 28, 2010 6:24pm
Quoting LaBoca
Every One's a Hater!

Do i get a chance to accompany the ladies to the Island Life FX Seminar?
NOPE...it's Essential Oil Hater
  • #30,555
  • Jan 28, 2010 6:47pm Jan 28, 2010 6:47pm
Haha, but what's to hate about Essential oil?
  • #30,556
  • Jan 28, 2010 10:21pm Jan 28, 2010 10:21pm
Hey, Dakrusha!

Thanks you for the inspiration along the way. I'm sure I'm not the only who needs this.

Mary
  • #30,557
  • Jan 28, 2010 10:22pm Jan 28, 2010 10:22pm
Quoting mary4x
Hey, Dakrusha!

Thanks you for the inspiration along the way. I'm sure I'm not the only who needs this.

Mary
All goodhttp://cdn.forexfactory.com/images/icons/icon14.gif
  • #30,558
  • Jan 29, 2010 3:33am Jan 29, 2010 3:33am
Quoting eohater
OK guys, I want to share with you something. Earlier this week, ppl in the Cable Thread were screaming that the pound was going to the moon and no way in hell would they short it. Now today, their screaming that she's on the path to hell and no way will they take a long position.

If I can provide any help, please accept that what you read on the cable thread as humor and trade what you guys see. I've banged GU long and short all week long, probably made more pips this week on the pound alone that what most of the traders in the Cable thread will...
EO,

First off, great thread and keep up the good work, btw thanks for the vouch. Second, I am probably one of the only ones in that thread that told people to trade the range, tops and bottoms. I hope they listened. Many did not, thus probably lost their rear ends. Those that listened, got rich with pips. Here are some of the posts.

http://www.forexfactory.com/showthread.php?p=3407748#post3407748
http://www.forexfactory.com/showthread.php?p=3408553#post3408553
http://www.forexfactory.com/showthread.php?p=3409592#post3409592
http://www.forexfactory.com/showthread.php?p=3410424#post3410424
http://www.forexfactory.com/showthread.php?p=3410454#post3410454
BTW I made a ton of pips on the cable this week as well. You and I seem to trade the same chart.
  • #30,559
  • Jan 29, 2010 4:19am Jan 29, 2010 4:19am

My My.....it's pretty quiet in here today....

Folks must be busy loading the trucks...

Ghost Rider - WWTBMD?
  • #30,560
  • Jan 29, 2010 4:23am Jan 29, 2010 4:23am
you're the one with the truck chris
where's ryan, i've not seen him post in a while?
Thank You
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