Trade what you see NOT what you expect | Page 1668 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

how long do you expect to trade? 10 replies

Trade What You See And Not What You Hope 0 replies

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #33,341
  • Mar 31, 2010 11:58am Mar 31, 2010 11:58am
Quoting mary4x
And tapping on the 200 means?
it's a strong S/R is all.
The 200 EMA. I use it on all my TF's.
  • #33,342
  • Mar 31, 2010 12:00pm Mar 31, 2010 12:00pm
Thanks again.
  • #33,343
  • Mar 31, 2010 5:19pm Mar 31, 2010 5:19pm
Quoting mary4x
Hi, bkg! Good to see you!
Hey Mary sorry I have not been back with you on the email just been very busy around the house. I will try you tonight maybe.I hope things are going well for you.
Please ask questions and share your experiences with us all!
  • #33,344
  • Mar 31, 2010 6:26pm Mar 31, 2010 6:26pm
Quoting frenz
Hi Ocams R

It was a good set up off the 35 ma and some solid resistance

Bet you are kicking yourself now

Its all about what you see and not what you expect

EJ has been going up for a while so even as a percentage play it would have been a solid bet with good odds.

I had already taken 50 off the table early on and was roped into cooking dinner
so I missed it
Hope Melbourne do OK this weekend
You just kicked us in the cricket but that's hardly surprising
Lol yep really kicking myself esp when I saw it this morning..hit my D1 target...damn! As you say it takes time for the trend to bend...percentage play is with the trend, definitely on this occasion. Good stuff on your early 50 pips!

You guys had a sniff after leading on the first innings but we got away from you in the second. Mitch Johnson can bowl some rubbish sometimes but when he's on song he cleans everyone up.
  • #33,345
  • Apr 1, 2010 12:33am Apr 1, 2010 12:33am
'ello everyone.

I just wanted to share yesterdays trading session with you all, as it was my first truely successful and just as importantly at this stage, my first enjoyable trading day.

I had some outstanding advice from someone on this forum, I shan't mention names, but they very much know who they are.

The two peices of advice they gave me were to:

1. Trade with the movement
2. Use the daily worksheets

Point 1 - Can be taken from the daily work sheet and is found on the 15minute section which discusses in particular the movement away from the 35ma and the 5/10ma's. RE-READ those! NOW!

Point 2 - EO, please forgive me for saying this, but is essentialy (my view only) EO's system in a nutshell. Not only does it tell you what to do, it tells you when to do it and most importantly, if you complete the form, you have complete awareness of whats going on around you.

Now, I am not saying that you can't get caught out, because you will and I did at points. But by using and completing these forms, I promise you, you will make far less mistakes.

I made 170 pips yesterday. Not bad for a newbie.

I know, I know, its one day. But because of the two points above, I felt so much more aware of what was going on!

Thanks EO and thanks my nameless buddy!

Lee
  • #33,346
  • Apr 1, 2010 1:42am Apr 1, 2010 1:42am
Quoting leemonk
'ello everyone.

I just wanted to share yesterdays trading session with you all, as it was my first truely successful and just as importantly at this stage, my first enjoyable trading day

I had some outstanding advice from someone on this forum, I shan't mention names, but they very much know who they are.

The two peices of advice they gave me were to:

1. Trade with the movement
2. Use the daily worksheets..........

I made 170 pips yesterday. Not bad for a newbie.

I know, I know, its one day. But because of the two points above, I felt...
Superb work Lee! Thats great to hear. Gotta love it when a plan comes together!
  • #33,347
  • Apr 1, 2010 2:32am Apr 1, 2010 2:32am
hope all are well today!
i've been trading "the good ole way" for me. I've been killing it. Hitting my targets everyday and making up for the 1.5 days lost this week while i was sick.
I'm up over 80 pips today so i won't be complaining! WOOT WOOT!

peace
dak
  • #33,348
  • Apr 1, 2010 2:53am Apr 1, 2010 2:53am
Occamsrazors,

As per PM.

See the bounces of the 5/10. YOu can take additional trades there.

This is just something I was looking at. Writting this, I can't even tell you what pair it is. But the point is still the same.

Just be very aware of high TF S/R lines when trending.
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 75 KB
  • #33,349
  • Apr 1, 2010 3:48am Apr 1, 2010 3:48am
Quoting leemonk
Occamsrazors,

As per PM.

See the bounces of the 5/10. YOu can take additional trades there.

This is just something I was looking at. Writting this, I can't even tell you what pair it is. But the point is still the same.

Just be very aware of high TF S/R lines when trending.
Super thanks Lee
  • #33,350
  • Edited 7:04am Apr 1, 2010 6:36am | Edited 7:04am
Quoting dakrusha
hope all are well today!
i've been trading "the good ole way" for me. I've been killing it. Hitting my targets everyday and making up for the 1.5 days lost this week while i was sick.
I'm up over 80 pips today so i won't be complaining! WOOT WOOT!

peace
dak
Nice one Dak.

Out of interest. What trades did you take?

I am currently 130 pips up (demo)

I took the bounces of Supports on the EJ and GJ. at 12.10 and 12.11 respectively.

Lee
  • #33,351
  • Edited 8:26am Apr 1, 2010 7:52am | Edited 8:26am
WARNING - I AM NEW - DO NOT TRADE MY CHARTS UNLESS YOU AGREE WITH ME.

Hey,

Anyone see a flag here? I have it coming to an end to.

"If" it is a flag then it "should" break North and give us the H&S that Larry showed last week.

Keeping a close eye

Lee

*EDIT* feel bad after posting this now as I dont want to lead anyone the wrong way.... please please please please please use your own judgement

**EDIT** Was just going to say that its broken above, just slightly and lets see if it holds. But I don't really know what the top of the flag is.

***EDIT*** I think I will opt for a break of yesterdays high to consider it a break. for me its the thick white line.
Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 19 KB
  • #33,352
  • Apr 1, 2010 8:22am Apr 1, 2010 8:22am
Quoting leemonk
For those that use multiple pairs and want their information on one sheet. I have re-worked the daily sheet.

This version has space (limited) for 4 pairs.

I can adjust if people wish for smaller amounts to create more space.
Outstanding trading Lee

Totally agree with your comments regarding EO's Intraday trading worksheet. It really helped me assemble some rules which in turn allowed more focus and less emotion.

Just a (very minor) point regarding your re-worked document. For the 1h/4h sections on page 2 you have mentioned "buy in on a pullback/retrace" when price "closes" below the 10ma. I'm sure it's just a cut 'n' paste thing from the preceding statement but this should read "sell on a pullback/retrace" (when price has closed below the ma)

100% sure you knew this already and it's just a typo. Just wanted to point it out for anyone opening the document for the first time.

Excellent work

Macc
  • #33,353
  • Apr 1, 2010 8:43am Apr 1, 2010 8:43am
Quoting macc
Outstanding trading Lee

Totally agree with your comments regarding EO's Intraday trading worksheet. It really helped me assemble some rules which in turn allowed more focus and less emotion.

Just a (very minor) point regarding your re-worked document..............

Excellent work

Macc

Thanks for the congrats and heads up.

New document found below:
Attached File(s)
File Type: doc Intraday Trading Worksheet(W97).doc   43 KB | 368 downloads
  • #33,354
  • Apr 1, 2010 9:13am Apr 1, 2010 9:13am
For those that want a chart for 3 or 2 pairs.

Attached File(s)
File Type: doc Intraday Trading Worksheet 3Pairs(W97).doc   44 KB | 367 downloads
File Type: doc Intraday Trading Worksheet 2Pairs(W97).doc   40 KB | 405 downloads
  • #33,355
  • Apr 1, 2010 9:35am Apr 1, 2010 9:35am
Lee, have you made the correction to your worksheet that Macc pointed out? Now sure where it is on page 2.
  • #33,356
  • Apr 1, 2010 9:44am Apr 1, 2010 9:44am
yupo. Changes have been made
  • #33,357
  • Apr 1, 2010 12:43pm Apr 1, 2010 12:43pm
Quoting leemonk
Nice one Dak.

Out of interest. What trades did you take?

I am currently 130 pips up (demo)

I took the bounces of Supports on the EJ and GJ. at 12.10 and 12.11 respectively.

Lee


I trade on the 5M TF and often look at higher TF's for direction.
I ended up 136 pips up for the night.

The trades i took are on GU from just before the dip below the 200EMA last night (PST) to the dbl tops and then back to the 200. I had one trade earlier in the day so all but 20 pips were made in the night. They were all bounces to and from 5200 to 5230. (all between the orange lines)

i hope that helps
Attached Image (click to enlarge)
Click to Enlarge Name: 30m_sr.jpg Size: 105 KB
  • #33,358
  • Apr 1, 2010 6:50pm Apr 1, 2010 6:50pm
Casual observation ...rising wedge in a channel maybe?

http://i228.photobucket.com/albums/e...gepattern1.gif
  • #33,359
  • Apr 2, 2010 1:49am Apr 2, 2010 1:49am
I don't want to say either way as I am not sure.

THis is my chart. I have it forming a new tighter channel. Though, I am likely wrong
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 96 KB
  • #33,360
  • Apr 2, 2010 4:11am Apr 2, 2010 4:11am
Hi all - hope trading going well - does anyone know why all the regulars have dissapeared to? You know, eo, cisco, luckylady, gladis knight, etc bit creepy eh!
Sleeping boys catch no fish
4 traders viewing now