Trade what you see NOT what you expect | Page 1609 | 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

  • #32,161
  • Feb 26, 2010 8:45am Feb 26, 2010 8:45am
Quoting wmloto
Trust me I am taking this slow - how long do you think it will take me to become a robot?
That depends on the availability of kryptonite
" When the ship starts to sink, don't just pray. JUMP "
  • #32,162
  • Feb 26, 2010 8:51am Feb 26, 2010 8:51am
Kryptonite - the uk used to sit on a stock pile of the stuff. I think Gordon brown sold it to bush just before the value doubled - ho ho
Sleeping boys catch no fish
  • #32,163
  • Feb 26, 2010 9:32am Feb 26, 2010 9:32am
Quoting bkg102665
I sure would like to see this thing run back up to 1.5360 today but I looked at the monthly chart since it is the last day of the month and it looked like it had some support down at 1.5168 to me so not real sure right now.EO I get that off the june 2000 close or would you be looking more at the dec 2000 close which is 1.4935, am I right in my thinking on that or all together wrong?
It looks as though we picked up some buyers at 1.5160 area
Please ask questions and share your experiences with us all!
  • #32,164
  • Feb 26, 2010 9:35am Feb 26, 2010 9:35am
Quoting bkg102665
It looks as though we picked up some buyers at 1.5160 area
I went long after the first pin/hammer and got stopped out. When the second pin/hammer showed up I wasn't confident enough to take the long.
  • #32,165
  • Feb 26, 2010 9:40am Feb 26, 2010 9:40am
This should be a very bullish candle fixing to close on my 4hr, I will post it after the close if it holds up.
Please ask questions and share your experiences with us all!
  • #32,166
  • Feb 26, 2010 9:42am Feb 26, 2010 9:42am
Quoting MCFly
I went long after the first pin/hammer and got stopped out. When the second pin/hammer showed up I wasn't confident enough to take the long.
Don't be afraid next time. If we get stopped out in intraday trading, we get back in. Plain and simple. We take the positions based upon reason and sometimes, we might be off just a little bit off.
Just digging in the trenches like everyone else!
  • #32,167
  • Feb 26, 2010 9:44am Feb 26, 2010 9:44am
Quoting bkg102665
This should be a very bullish candle fixing to close on my 4hr, I will post it after the close if it holds up.
Yes and the 1 Hr forms a nice bullish outside candle. On the other side she retraces from the 50% fib/50 ema.
  • #32,168
  • Feb 26, 2010 9:45am Feb 26, 2010 9:45am
Good morning EO. I hope you are well today
" When the ship starts to sink, don't just pray. JUMP "
  • #32,169
  • Feb 26, 2010 9:48am Feb 26, 2010 9:48am
Quoting Gladis Night
Good morning EO. I hope you are well today
I am! I wish I needed another govt motors truck today, but I do not. No worries though! This week has been very good to me!

How are you?
Just digging in the trenches like everyone else!
  • #32,170
  • Feb 26, 2010 9:52am Feb 26, 2010 9:52am
Quoting eohater
I am! I wish I needed another govt motors truck today, but I do not. No worries though! This week has been very good to me!

How are you?
always good to know you have a good week. I am great thanks
" When the ship starts to sink, don't just pray. JUMP "
  • #32,171
  • Feb 26, 2010 9:52am Feb 26, 2010 9:52am
Quoting eohater
Don't be afraid next time. If we get stopped out in intraday trading, we get back in. Plain and simple. We take the positions based upon reason and sometimes, we might be off just a little bit off.
Hi Eo,

I hope you make pips today.

I still have to master the psychological part of trading. But I think I'm getting better step by step.
  • #32,172
  • Feb 26, 2010 9:58am Feb 26, 2010 9:58am
Quoting MCFly
Hi Eo,

I hope you make pips today.

I still have to master the psychological part of trading. But I think I'm getting better step by step.
i think I got the psychotic part down good
" When the ship starts to sink, don't just pray. JUMP "
  • #32,173
  • Feb 26, 2010 9:59am Feb 26, 2010 9:59am
Quoting MCFly
Hi Eo,

I hope you make pips today.

I still have to master the psychological part of trading. But I think I'm getting better step by step.
I've picked up 1 or 2 today! I hope you make some pips today! Once you release your emotional attachment to your money and start seeing the levels, taking the trade based upon PA with good M:M, you'll be a slayer of pips!

Keep up the hard work!
Just digging in the trenches like everyone else!
  • #32,174
  • Feb 26, 2010 10:10am Feb 26, 2010 10:10am
This is my 4hr that just closed.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr 2-26-10.gif Size: 22 KB
Please ask questions and share your experiences with us all!
  • #32,175
  • Feb 26, 2010 10:31am Feb 26, 2010 10:31am
Good morning,

GU - short the bounce (shooting star) from the bottom of the Asian range ?

would be against 1 and 4hr.

tdeu
  • #32,176
  • Feb 26, 2010 10:36am Feb 26, 2010 10:36am
Quoting tdeu
Good morning,

GU - short the bounce (shooting star) from the bottom of the Asian range ?

would be against 1 and 4hr.

tdeu
I wouldn't trade against the 1 Hr and 4 hr atm. But I'm not EO.
  • #32,177
  • Feb 26, 2010 10:50am Feb 26, 2010 10:50am
Quoting eohater
I've picked up 1 or 2 today! I hope you make some pips today! Once you release your emotional attachment to your money and start seeing the levels, taking the trade based upon PA with good M:M, you'll be a slayer of pips!

Keep up the hard work!
Thank you for asking. I'm very pleased with my trading today. Generally I'm so happy that I have found this threat some time ago. Since I learned all the "trade what you see stuff", met all the nice members in here and left that indicator BS behind me I'm on the right path.

Once again thank you for everything.
  • #32,178
  • Feb 27, 2010 2:03pm Feb 27, 2010 2:03pm
Quoting PippiNole
Below is a daily EJ chart which shows some areas below current price that I will be looking for PA to indicate a possible trade north. We broke a significant area of support at the 127.00 area as I have mentioned in a previous post and had a nice move south off the retest of that area last week. Of course as always we are to let PA lead the way but I can see more movement to the south on The Mistress!

Attachment

I hope some of you made note of this chart and took advantage of the trade off the 119.68 area I had marked on it this week! It was good for at least 150-200 pip run north. I feel like I may have let you guys down because my S/R line was off by a couple of pips!
  • #32,179
  • Feb 27, 2010 4:58pm Feb 27, 2010 4:58pm
Hi,

I know this is a very basic question for this thread, but I thought I would ask.

When I am marking low points in a chart should I be marking the lowest point no matter the colour of the candle or should I only be marking bearish candle low points.

If you see the chart, I have marked the bearish candle, but there was infact a lower point on the following bullish candle.

Is there a difference and which should I mark? (do the same rules apply for high points too?)

Pippinole - I am learning this thread as week speak/type - on a saturday night... how sad. I shall be taking thorough note of your comments in the future as I am reliably informed that you are pretty hot (understated) at this

Regards

Lee

ps.... Can also just add at this point to anyone else that might be new.... if you can, try a white background on your charts...... it will save you a fortune in printing time and costs!!!
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 77 KB
  • #32,180
  • Feb 27, 2010 10:04pm Feb 27, 2010 10:04pm
Quoting PippiNole
I hope some of you made note of this chart and took advantage of the trade off the 119.68 area I had marked on it this week! It was good for at least 150-200 pip run north. I feel like I may have let you guys down because my S/R line was off by a couple of pips!


You can either walk the plank or grab the brass cleaner!

Excellent job brother and I do hope some took advantage of it. I know I did!
Just digging in the trenches like everyone else!
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