Trade what you see NOT what you expect | Page 1665 | Forex Factory

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Trade what you see NOT what you expect

  • #33,281
  • Mar 25, 2010 6:31am Mar 25, 2010 6:31am
Good morning Lee
" When the ship starts to sink, don't just pray. JUMP "
  • #33,282
  • Mar 25, 2010 6:47am Mar 25, 2010 6:47am
Quoting MarcVUM
there seems to be a password needed to open it. do you have the password?
Pas/w is on the website as well

http://www.forex-book.org

This is the passwod to open the Zip file,once it's downloaded.

Good luck.
any problem,PM me to send you the Zip file.
  • #33,283
  • Mar 25, 2010 7:44am Mar 25, 2010 7:44am
Quoting leemonk
When the price bounces off the 62ema is there a number or a percentage that I should be looking for?

example:

Does the bounce normaly retrace 50% of the candle that hit it or should I be aiming for 15 pip or so?

It may be that its all down to whats happening on the chart, but I thought I would ask!

Lee
The senior traders can correct me if I'm wrong but when I take a 62 ema trade I manage the trade like every other trade.
  • #33,284
  • Mar 25, 2010 7:55am Mar 25, 2010 7:55am
Quoting leemonk
Gap

gaps are usualy due to some brokers, others dont have gaps so i dont really believe in gaps in forex.
  • #33,285
  • Mar 25, 2010 9:05am Mar 25, 2010 9:05am
Good MAE everyone,

I have a quick rookie question if you don't mind. If price is moving away from the all MA trendlines does that make the resistance levels stronger? If so how much value do you start to give these levels? Would you start to tighten up your SL and hold? If price closes past the level would you look to enter or would you hold off until you get a better confirmation of direction?

I hope that made sense.
Thanks,
-Siddhi
  • #33,286
  • Mar 26, 2010 8:37am Mar 26, 2010 8:37am
Screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: Screen.jpg Size: 192 KB
Just digging in the trenches like everyone else!
  • #33,287
  • Mar 26, 2010 9:05am Mar 26, 2010 9:05am
Hi EO
  • #33,288
  • Mar 26, 2010 9:16am Mar 26, 2010 9:16am
Short filled at 4892, SL above the h1 62.
Just digging in the trenches like everyone else!
  • #33,289
  • Mar 26, 2010 9:21am Mar 26, 2010 9:21am
Hey EO,

Mind if I ask you about your setup there.

Do you setup your 1hr/4hr on the same chart and have your indicators set to only appear on the relevant time frame?


*EDIT*

I was already short on the 200. I thought it would bounce and took it. I have another short PO at 9002

**EDIT**

It just got filled

***EDIT***

CAn I please ask where you are targeting for profit? I had the 35 in mind for most of it. If you have something else, can you please say what and why?

Regards

Lee

ps.... good to see you again. the forum has been dead! I keep posting charts but its very quiet in there
  • #33,290
  • Mar 26, 2010 9:28am Mar 26, 2010 9:28am
Quoting leemonk
Hey EO,

Mind if I ask you about your setup there.

Do you setup your 1hr/4hr on the same chart and have your indicators set to only appear on the relevant time frame?


*EDIT*

I was already short on the 200. I thought it would bounce and took it. I have another short PO at 9002

**EDIT**

It just got filled
Lee,

I'm assuming your talking about my screenshot I posted. This is a little project that we're working on and I needed some place to post it so another could see it. If you look at my tabs on the top, I have multiple screens that I use. Some have more than 1 time frame, some only have 1 time frame.
Just digging in the trenches like everyone else!
  • #33,291
  • Mar 26, 2010 9:29am Mar 26, 2010 9:29am
Quoting leemonk
Hey EO,

Mind if I ask you about your setup there.

Do you setup your 1hr/4hr on the same chart and have your indicators set to only appear on the relevant time frame?


*EDIT*

I was already short on the 200. I thought it would bounce and took it. I have another short PO at 9002

**EDIT**

It just got filled

***EDIT***

CAn I please ask where you are targeting for profit? I had the 35 in mind for most of it. If you have something else, can you please say what and why?

Regards

Lee

ps.... good to see you again. the forum has been...
I don't have firm target set on my short. I'll let PA show me when to get out. Right now, I just want it to get profitable.
Just digging in the trenches like everyone else!
  • #33,292
  • Mar 26, 2010 9:31am Mar 26, 2010 9:31am
Thanks for all the answers....

Your project has some interesting pairs in there......

If I had a little more understanding, I may ask what its all about!

Good hunting Sir!

Lee
  • #33,293
  • Mar 26, 2010 9:33am Mar 26, 2010 9:33am
I have a trendline pretty much just below where I think you may have put your SL.

This look about right to you?

Lee
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 144 KB
  • #33,294
  • Mar 26, 2010 9:34am Mar 26, 2010 9:34am
Quoting leemonk
Thanks for all the answers....

Your project has some interesting pairs in there......

If I had a little more understanding, I may ask what its all about!

Good hunting Sir!

Lee
It's about the 200sma on the h4 and entering with solid PA on the m15. The green ma is the 200sma, the black ma is the 50sma. It's on the h4 and m15 charts for the pairs.
Just digging in the trenches like everyone else!
  • #33,295
  • Mar 26, 2010 9:38am Mar 26, 2010 9:38am
Quoting eohater
Lee,

I'm assuming your talking about my screenshot I posted. This is a little project that we're working on and I needed some place to post it so another could see it. If you look at my tabs on the top, I have multiple screens that I use. Some have more than 1 time frame, some only have 1 time frame.
I was wondering what you were doing watching the AUD and CHF! Lookinf forward to the project. Hope trading has been good bro. Trading mostly the HTF these days due to work. Before I forget here's the FAQ I made to throw up on the first page.

Cheers!
Attached File(s)
File Type: pdf F.A.Q.pdf   44 KB | 402 downloads
Cap
  • #33,296
  • Mar 26, 2010 9:48am Mar 26, 2010 9:48am
Quoting The Captain
I was wondering what you were doing watching the AUD and CHF! Lookinf forward to the project. Hope trading has been good bro. Trading mostly the HTF these days due to work. Before I forget here's the FAQ I made to throw up on the first page.

Cheers!
Thank you brother! It's been uploaded to post #1.
Just digging in the trenches like everyone else!
  • #33,297
  • Mar 26, 2010 9:56am Mar 26, 2010 9:56am
Quick EO.... hide, they know you are here
  • #33,298
  • Mar 26, 2010 9:58am Mar 26, 2010 9:58am
Quoting leemonk
Quick EO.... hide, they know you are here
I'm not here for long, buried in office shit!
Just digging in the trenches like everyone else!
  • #33,299
  • Mar 26, 2010 9:59am Mar 26, 2010 9:59am
Dragon having a tough time to bust through the trend line for anyone interested.
Cap
  • #33,300
  • Edited 10:12am Mar 26, 2010 10:00am | Edited 10:12am
Ah.... buddy, office sh!t is never good!!!

When PA moves through the 200 and comes back, do you expect to bounce again or pass back through?

I ask as I have a short trade that is on the 200 from when it first came up and I am now a little worried and thinking perhaps I should close it when the PA reapproaches the 200 again.

Regards

Lee
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