Trade what you see NOT what you expect | Page 1622 | 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

  • #32,421
  • Mar 4, 2010 8:37am Mar 4, 2010 8:37am
Quoting wmloto
It's the coolest macc - and has kept me going since I started
Me too wmloto. There are enough hurdles to negotiate in the trading world as it is without having to duck and dive round egos and attitude. The guys on here are the real deal.
  • #32,422
  • Mar 4, 2010 8:38am Mar 4, 2010 8:38am
Quoting emene
Well, eventually i was right with my 4H trendline So that's 90 pips down to the 1H counter trendline and the 200sma on the 15Min. In the bag !

When I think that three days ago i didn't know what a MA was, or barely (should I say bearly)... Thank you EO and the thread !
  • #32,423
  • Mar 4, 2010 8:40am Mar 4, 2010 8:40am
Happy trading all. Catch you tomorrow.

Macc
  • #32,424
  • Mar 4, 2010 8:40am Mar 4, 2010 8:40am
Now price has moved +35 beyound the 35ma so lets add another short!!
Please ask questions and share your experiences with us all!
  • #32,425
  • Mar 4, 2010 8:41am Mar 4, 2010 8:41am
Quoting emene
Well, eventually i was right with my 4H trendline So that's 90 pips down to the 1H counter trendline and the 200sma on the 15Min. In the bag !

When I think that three days ago i didn't know what a MA was, or barely (should I say bearly)... Thank you EO and the thread !
  • #32,426
  • Mar 4, 2010 8:45am Mar 4, 2010 8:45am
Quoting bkg102665
Now price has moved +35 beyound the 35ma so lets add another short!!
I did not take it but look how nicely this would have worked on the eur/usd.

Yeah blackmovie this shit still works if you work it!!
Please ask questions and share your experiences with us all!
  • #32,427
  • Mar 4, 2010 8:50am Mar 4, 2010 8:50am
Has anyone been trading the Mistress or Temptress with me? They sure have put out nicely!
  • #32,428
  • Mar 4, 2010 8:53am Mar 4, 2010 8:53am
Quoting PippiNole
Has anyone been trading the Mistress or Temptress with me? They sure have put out nicely!
I kicked the mistress out of bed cause she screws me over every time I try to play with her, she must have a thing for you!!
Please ask questions and share your experiences with us all!
  • #32,429
  • Mar 4, 2010 8:53am Mar 4, 2010 8:53am
I went short at 5108 and exit with 30 pips Then I reentered at 5060 and exit with 20 pips altough I aimed (when we break the 5020) for 4980. Paitience is the key.
  • #32,430
  • Mar 4, 2010 9:00am Mar 4, 2010 9:00am
Quoting bkg102665
I kicked the mistress out of bed cause she screws me over every time I try to play with her, she must have a thing for you!!


Pretty easy short on her this morning after the 8:30 Est news. If you only had the PA to look at on the 15 min and 1hr charts. Nice pin on the 15 min to take a short up the wick on the 9:15 or 9:30 candle.
  • #32,431
  • Mar 4, 2010 9:06am Mar 4, 2010 9:06am
Quoting PippiNole


Pretty easy short on her this morning after the 8:30 Est news. If you only had the PA to look at on the 15 min and 1hr charts. Nice pin on the 15 min to take a short up the wick on the 9:15 or 9:30 candle.
Thats the play I kicked her out on, I saw the pin took a short but had my s/l to tight and she took me!!
Please ask questions and share your experiences with us all!
  • #32,432
  • Mar 4, 2010 9:07am Mar 4, 2010 9:07am
Quoting bkg102665
Thats the play I kicked her out on, I saw the pin took a short but had my s/l to tight and she took me!!

She just needed a little more foreplay!
  • #32,433
  • Mar 4, 2010 9:12am Mar 4, 2010 9:12am
Quoting PippiNole
She just needed a little more foreplay!
Yeah I know I should have had my s/l above the wick. how many times has EO told me that!!!
I am a flaming idiot !!
Please ask questions and share your experiences with us all!
  • #32,434
  • Mar 4, 2010 9:48am Mar 4, 2010 9:48am
Quoting bkg102665
Yeah I know I should have had my s/l above the wick. how many times has EO told me that!!!
I am a flaming idiot !!


Seriously this is a good lesson for anyone who might be new to the thread! If you take a trade up or down the wick of a pin or a hammer your stop has to be above or below the wick.
  • #32,435
  • Mar 4, 2010 9:52am Mar 4, 2010 9:52am
Quoting eohater
only 4 traders posted they took this trade during Euro/London. That's too bad! My GM truck booked my 100 pippers on it. Nice small draw down of only the spread.

Again, I can't pull the trigger for you guys!

Good luck trading today!
I had originally placed my TP ad a mid level between fibs and other things i was looking at. When you mentioned that might be high i went back and looked again and realized that we had a new high to compete with. So i changed my TP to 5122.. WOOT WOOT!!!
thanks for the heads up on that last night eo!
  • #32,436
  • Mar 4, 2010 9:59am Mar 4, 2010 9:59am
Quoting wmloto
Hi all - done the babypips thing, read this thread and PDF and I think I am on the verge of giving up. You either get it or you don't I suppose and I early ain't getting it. EO, if I give you my gun you can pull the trigger. I god damn saw the short on gbp/us on the 15 at 15112 didn't do it. Just sat there and watched like an idiot happy trading one and all
this is so much more head game than anything else. I say that out of experience. There are guys here who have no issue with the head game of it and are incredibly methodical and mechanical about it.

this is not a business for everyone so i would never suggest, "this is easy" because i still have my off days or in this last case for me..weeks.

the core of what is happening is that the PA is ALWAYS headed somewhere and with what EO has set up, its not that difficult to identify through out various timeframes.

be mindful of what you are looking at an compare it to other TF's and just be patient. I know it's easier said than done, but it's the truth.

good luck
dak
  • #32,437
  • Mar 4, 2010 10:14am Mar 4, 2010 10:14am
Quoting PippiNole


Seriously this is a good lesson for anyone who might be new to the thread! If you take a trade up or down the wick of a pin or a hammer your stop has to be above or below the wick.

As for me... my biggest problem is not where to put SL, but WHEN TO MOVE TO BE... i keep having all my entrance with an average of 5 pips + .... and most of them were good entrance with some good middle term pippage... ONLY IF....
I don't want a job, i want money!
  • #32,438
  • Mar 4, 2010 10:49am Mar 4, 2010 10:49am
Quoting dakrusha
this is so much more head game than anything else. I say that out of experience. There are guys here who have no issue with the head game of it and are incredibly methodical and mechanical about it.

this is not a business for everyone so i would never suggest, "this is easy" because i still have my off days or in this last case for me..weeks.

the core of what is happening is that the PA is ALWAYS headed somewhere and with what EO has set up, its not that difficult to identify through out various timeframes.

be mindful of what you are...

Hi dak - hope things are good. Bang on with the head game comment. I will persist. The comradery on here is awesome
Sleeping boys catch no fish
  • #32,439
  • Mar 4, 2010 11:06am Mar 4, 2010 11:06am
Hi EO,

managed to take this one. GREAT heads up!!! Had even a short going into this area, that I closed in profit. But need to learn to hold on to trades longer. Closed last portion at 5100.

Had another long from 5070 with the 35/50 cross from the BOE towards 5110. announcement.

Also managed to sell the 1hr doji for the ride down but closed the position a couple of minutes ago.

I have a couple of bad habits:

1st. - closing trades before the SL is hit, which then of course would have worked out. Need to learn to keep fear under control - somehow?!

2nd. - close 3/4 of the position at +10pips to book some profit and to be BE.

3rd. - overtrading - two many trades between higher TF S/R. This is linked to the 2nd. problem (I think to miss out, because position size from the reversal trade, where I closed maybe 3/4, is too small).

Maybe one has a idea how I can learn to solve these two problems.

Thanks for the awesome trading system.

Cheers

Thomas

Quoting eohater
only 4 traders posted they took this trade during Euro/London. That's too bad! My GM truck booked my 100 pippers on it. Nice small draw down of only the spread.

Again, I can't pull the trigger for you guys!

Good luck trading today!
  • #32,440
  • Mar 4, 2010 12:00pm Mar 4, 2010 12:00pm
Hi guys and girls,

How often do you redraw your trend lines and channels?

And (very important) where do you draw your parallel line for a channel?

Cheers

tdeu
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