Trade what you see NOT what you expect | Page 1672 | 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

  • #33,421
  • Apr 15, 2010 5:49pm Apr 15, 2010 5:49pm
Quoting LaBoca
Hey Captain,

I work so cannot intraday trade - Agree, James16 thread is good for htf and has quality info. I think both EO's and James16's systems can add to the trading skill set.

Hey Daks,

Keep posting - this thread is too good to let go. Here's hoping those who have benefited start posting ideas.

Green pips to all

How you been?
the last several weeks have been stellar. I have finally got my groove back.
This week i'm way over my goal. Sitting on 410 pips and still got UK to go tonight and NY tomorrow. I would like to close this week over 500 pips.

PEACE
  • #33,422
  • Apr 15, 2010 7:52pm Apr 15, 2010 7:52pm
Quoting dakrusha
How you been?
the last several weeks have been stellar. I have finally got my groove back.
This week i'm way over my goal. Sitting on 410 pips and still got UK to go tonight and NY tomorrow. I would like to close this week over 500 pips.

PEACE
Watching and reading your posts each day Dak. Very encouraging! Sounds like you got thru the hard times and are getting the just rewards now. Great stuff.
  • #33,423
  • Apr 15, 2010 8:45pm Apr 15, 2010 8:45pm
Quoting occamsrazors
Watching and reading your posts each day Dak. Very encouraging! Sounds like you got thru the hard times and are getting the just rewards now. Great stuff.

thanks man.
Honestly for me, it's also verification that this is a head game a lot of the time.
My head got messed up from some other business events early this year and it heavily affected my trading. At this point my head is back where it belongs which is why my numbers are back to what they were before jan.

Thanks for your kind words bro.
peace
dak
  • #33,424
  • Apr 19, 2010 2:43am Apr 19, 2010 2:43am
Good morning,

I hope everybody is doing well.
  • #33,425
  • Apr 19, 2010 7:27am Apr 19, 2010 7:27am
Where is everybody? What is happening to people here on this thread. EO master is annoyed bcos we are not seeing what he wanted us to see and he was so frustrating. As we are following and learning day by day from the experience trader of this method the more closer we are to the success point. I am also sure EO will not be happy to see this thread silence as it is now. We should not always wait for EO to come to the thread before we make it active.

PLS LET GET THIS FORUM GOING.

I am also using the medium to appeal to EO to come back.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #33,426
  • Apr 19, 2010 2:04pm Apr 19, 2010 2:04pm
Hi all - I am still trading But I look in here occasionally - I found that I was letting peoples comments on here influence my trading - I must say I am trading better when I use this thread as an end of day catch up. As for the dying thread - are you suprised? It's like turning up at school when the teachers have gone - after a while you realise schools out and you either make it on your own or you look for a new school - eo has either got bored , gone on holiday - had enough or just plain and simply died. Until he/she!! Comes back we will never know. Take off the stabalisers and ride my friends - what's the worse that can happen - this game is half chance and you know it. Stick to your systems ( if they work ) use stops and live to fight another day / only you can press the button - happy trading all. Oh and eo - if you are still with us - thanks to you and everyone else on ff for starting threads and all that goes with that task - god bless
Sleeping boys catch no fish
  • #33,427
  • Apr 19, 2010 5:10pm Apr 19, 2010 5:10pm
Quoting dakrusha
How you been?
the last several weeks have been stellar. I have finally got my groove back.
This week i'm way over my goal. Sitting on 410 pips and still got UK to go tonight and NY tomorrow. I would like to close this week over 500 pips.

PEACE
I'm coolio bro.

Btw sorry for the late response - don't get much screen time these days.

Glad to hear your kickin it - especially after a drawdown. Looks like your experience is getting you through (nerves of steel!). As for 400+ pips... nice work bro and thx for posting.
It's a dirty job but someone's gotta do it!
  • #33,428
  • Apr 20, 2010 2:29am Apr 20, 2010 2:29am
I was posting for 4 weeks pretty much without responses from anyone.....

I would love for this thread to come alive. If you recall EO did mention that he had a load of sh!t on at work that needed sorting, so I am sure thats what he is upto.

I am sure he will be back at some point.....

I am spending more of my time over at Ken Lee's thread. He is breaking the system down very well. Perhaps I might see some more of you over there.

The difficulty is that most of the people that post here are still learning the system and you will see from some of my posts - I posted what I saw and much of the time I was wrong and I am not so sure people wanna see that all the time.

Lee
  • #33,429
  • Apr 20, 2010 11:14am Apr 20, 2010 11:14am
Hi All.

I’m certainly not the PR for the thread but just wanted to chip in as I feel the same as everyone about keeping the thread rolling (which I have no doubt it will). This is just me thinking aloud.

I’m sure EO and the other senior traders are busy with one thing or another (pip hauling or businesses to run) but, as we all know, the method is there for all to see in the PDF and the thread postings. Most questions have been asked and subsequently answered at various points throughout the thread and various attachments have been kindly put up (by Ken, Occamsrazors and others) giving convenient summaries of the greatest hits. As Lee mentioned, Ken also runs his separate thread where EO’s method is the key focus. Ken has generated some very detailed information about elements of EO’s method.

Now I totally agree that this is one cool hangout when EO, Infinity and the boys are about and posting (even Pippinole if we have to ) but, while they’re otherwise engaged, there’s no harm in going over the method a few times and there’s not much to beat time in front of the screen watching price action play out and interact with the elements put forward by EO.

From my humble position I would say that some of the recent posters on here have a very good grasp of the method so any and all posts would therefore be valuable to some if not all. Even if it’s just comments on higher time frame levels, general price action, Daily/Weekly candle close observations or whatever. I don’t think they have to be spot on EO-method posts or long explanatory pieces, just general trading chit-chat between like minded posters.

No excuse but I’ve been pulled away by non-trading distractions for a while now so my posting has been nonexistent (no big loss there I can tell you). Hopefully I can get back involved sooner rather than later as I was someone who benefited from the exchange of opinions on here when I first joined the thread.

Anyway, just wanted to throw my two cents in with the last few posts. Those that have been posting should keep it up if they can. I’m sure it’s appreciated by some who are perhaps a little nervous about putting forward their own thoughts.

Anyway, I hope all that have been regulars on here in recent months are trading well

Macc
  • #33,430
  • Edited 5:11am Apr 21, 2010 4:41am | Edited 5:11am
Hi there,

I've been busy for a while trading other markets with great ups and harsh downs and didn't have time to drop in here. Anyway, for the big part, this thread was made up by learning traders, so I am sure it will get back to shape. In the end, experienced guys show how to win, inexperienced - how to avoid loss.

As someone said before - school's over. Thanks to all who contributed to this thread (esp. EO, Pippi nad Dak). Time to ride open waters. Many green pips to all of you.

perez
  • #33,431
  • Apr 21, 2010 11:07am Apr 21, 2010 11:07am
Quoting leemonk
I am spending more of my time over at Ken Lee's thread. He is breaking the system down very well. Perhaps I might see some more of you over there.

The difficulty is that most of the people that post here are still learning the system and you will see from some of my posts - I posted what I saw and much of the time I was wrong and I am not so sure people wanna see that all the time.

Lee
I found EO's methods hard to grasp, I'd explain what I saw and he would give me 10 reasons why I was wrong, clever guy.

Ken just seemed to grasp it and run with it, I take my hat off to him.
  • #33,432
  • Apr 21, 2010 12:50pm Apr 21, 2010 12:50pm
Quoting BenScoobert
I found EO's methods hard to grasp, I'd explain what I saw and he would give me 10 reasons why I was wrong, clever guy.

Ken just seemed to grasp it and run with it, I take my hat off to him.
A strange comment to make Ben.

You've not posted on the thread for a while and yet choose this particular moment to voice your opinion (which you are of course entitled to). Either you just happened to have strolled by in the past 48 hours or you've been lurking, waiting for an opportunity to post your above comment.

If the purpose of your post was to share your personal experience of this thread and EO's method (for the benefit of Lee) then perhaps it would have been better to provide a little more information as to why you found it hard to grasp. Perhaps even list the 10 reasons where EO said you had been wrong and how you went about trying to put them right.

If, on the other hand, you just wanted to have a bit of a swipe at EO then surely you'd get more off your chest doing it directly rather than the veiled attempt above.

EO's method certainly isn't easy for everyone to grasp, myself included, something which can be said for many other trading methods. These things require some time and effort on the part of the individual. Ken is a good example of someone who is prepared to put in the time and effort with a constant desire to learn. That goes a long way to help get the "grasp" of something.

Still, you seem to be busy elsewhere putting in the time and effort so hopefully that's working out for you.

Macc
  • #33,433
  • Apr 21, 2010 1:12pm Apr 21, 2010 1:12pm
Quoting Kenneth Lee
Not poor ole Granny ...

http://www.tvland.com/photogallery/p...y-Clampett.jpg

About a year ago it looks as if some of you wanted to sell poor ole granny in order to turn your trade around. Now come on fella's . . . Not granny.

Anyways I've spent the last couple of days reviewing this thread - I still need to review the documents a few more times, but I am nearly ready to demo trade ; I am a very part timer - but hopefully, if I enter a chart or two asking questions - or showing what I've learned - some others will chime in too - -and this thread will live.
  • #33,434
  • Apr 21, 2010 1:28pm Apr 21, 2010 1:28pm
Quoting macc
A strange comment to make Ben.

You've not posted on the thread for a while and yet choose this particular moment to voice your opinion (which you are of course entitled to). Either you just happened to have strolled by in the past 48 hours or you've been lurking, waiting for an opportunity to post your above comment.

If the purpose of your post was to share your personal experience of this thread and EO's method (for the benefit of Lee) then perhaps it would have been better to provide a little more information as to why you found it hard to grasp....
It wasnt a dig at EO, I genuinely think he is a sharp guy, I wish I was 1 pip behind him.

I have been working hard at things and not checked in on the thread for a while, only today I realised the thread had stalled a bit.

My biggest problem was making rules, then breaking them through frustration and impatience. Thats why I have taken the automated path, I find it easier to set the computer some rules and let it stick to them without emotion.

I desperately did want to be profitable through EO's methods, I just couldn't acheive it through any type of manual trading I have tried.
  • #33,435
  • Apr 21, 2010 11:50pm Apr 21, 2010 11:50pm
Quoting macc
Hi All.

I’m certainly not the PR for the thread but just wanted to chip in as I feel the same as everyone about keeping the thread rolling (which I have no doubt it will). This is just me thinking aloud.........

Now I totally agree that this is one cool hangout when EO, Infinity and the boys are about and posting (even Pippinole if we have to ) but, while they’re otherwise engaged, there’s no harm in going over the method a few times and there’s not much to beat time in front of the screen watching price action play out...
Good comments Macc. I must admit I feel qualified to ask questions about EO's method, not sure I'm yet qualified to answer them lol. And I'm similar to wmloto, I find I trade better when I'm not being influenced by other traders views (maybe I'd make an exception for EO and Infinity ), and I have missed the occasional trade when reading and PMing on FF instead of looking at my charts which drives me nuts. So now I tend to look at the thread only a few times a day rather than checking it live all the time. Just my personal preference. But I do find the thread very useful for reviewing or asking questions afterwards. So I still find all the posts helpful even if they are thinning out a bit. Hope others do too.
  • #33,436
  • Apr 22, 2010 2:15pm Apr 22, 2010 2:15pm
Quoting BenScoobert
It wasnt a dig at EO, I genuinely think he is a sharp guy, I wish I was 1 pip behind him.

I have been working hard at things and not checked in on the thread for a while, only today I realised the thread had stalled a bit.

My biggest problem was making rules, then breaking them through frustration and impatience. Thats why I have taken the automated path, I find it easier to set the computer some rules and let it stick to them without emotion.

I desperately did want to be profitable through EO's methods, I just couldn't acheive it through...

So is it safe to make the inference that you are profitable with an EA?
  • #33,437
  • Edited 11:58am Apr 24, 2010 11:45am | Edited 11:58am
I have added another little method of picking up some pips over the last month or so that has been very profitable to me and so I thought I should share it with those that are still involved in this thread. The method involves cheating on the 3 ladies I spend my intraday with.

I have been looking for some possible swing trades across about 8 different pairs of currencies. I have tabbed a 4hr chart on these pairs with nothing more than a 200 sma and a 50 ema and a few TL's. Before every trading session I look to see where price is in relation to these MA's that I consider key areas. When price approaches the Ma's I will open up a 15 min chart and look for PA to take a trade. Here are a few that I took this week for a few extra (710) pips!

G/Y off the 4hr 200 and an obvious TL!


Attached Image (click to enlarge)
Click to Enlarge Name: gy 4hr.jpg Size: 81 KB




US/CAD from the area of the 4hr 200 which gave a daily pin!


Attached Image (click to enlarge)
Click to Enlarge Name: uc 4hr.jpg Size: 77 KB



US/CAD showing the daily pin!


Attached Image (click to enlarge)
Click to Enlarge Name: uc daily.jpg Size: 62 KB



Further explanation of the CAD trade: Near the end of the trading day I saw the 4hr price pattern and thought that it had probably created a pin on the daily. So I pulled up a daily and sure enough I was correct. I was able to take a trade during E/L as price went up the daily wick by watching on my 15 min chart. Price was rejected at the prior days high from the day before the pin and an IB formed on the 15 min chart. I entered after the IB.

Hope this helps some of you pick up a few extra pips!
  • #33,438
  • Edited 2:41pm Apr 24, 2010 1:50pm | Edited 2:41pm
HEY PIPPI!!!!!!!!!!!

I trust this in not a one off visit

Been camping out in here in a hope that one of you chaps return!

Interesting trades. Particularly so as we should already have these MA's on our 4hr..... at least thats my reading of the manual.

Can I ask if you traded these purely off what you saw on these charts irespective of SR's on similar charts you had on on of your many screens? (ps. I am sure you have two of those setups on your desk!).

Also... what sort of a drawdown were you looking at?

May I also ask if you are still efectively trading EO's method on the GU?

I was chatting with another mutal friend today (you know who I mean - I beleive a photo is stil owed ) and we were discussing the volatility of the GU currently.

I know you trade many pairs as indicated by your last post, but I was aware of that anyway. But whats working well for you current under EO's system?

Regards

Good hunting!

Lee

**EDIT**

Would you mind sharing the 8 pairs?
  • #33,439
  • Apr 25, 2010 10:30am Apr 25, 2010 10:30am
Hi Pippi,

I wouldn't call 710 pips a few extra pips. Would be happy if I could be able to earn 700 pips a week.
  • #33,440
  • Apr 25, 2010 4:20pm Apr 25, 2010 4:20pm
Quoting leemonk
HEY PIPPI!!!!!!!!!!!

I trust this in not a one off visit

Been camping out in here in a hope that one of you chaps return!

Interesting trades. Particularly so as we should already have these MA's on our 4hr..... at least thats my reading of the manual.

Can I ask if you traded these purely off what you saw on these charts irespective of SR's on similar charts you had on on of your many screens? (ps. I am sure you have two of those setups on your desk!).

Also... what sort of a drawdown were you looking at?

May I...

Used the 15 min chart for entry based on the info from the charts I posted.

Drawdown: 11 pips on G/J and the spread on the CAD trade.

Still making my usual intraday pippage on the 3 ladies trading the great ones ( Eohater) method.

8 pairs: A/U, A/J, E/G, U/J, G/J, U/CAD,U/CHF, NZD/U
5 traders viewing now