Trade what you see NOT what you expect | Page 1681 | 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

  • #33,601
  • Jun 29, 2010 7:23am Jun 29, 2010 7:23am
Quoting bkg102665
I have some good resistance in the 1.5130 area on my 4hr so I will be looking to go short here w/ 30 pip s/l
Nice trade bkg!
  • #33,602
  • Jun 29, 2010 7:37am Jun 29, 2010 7:37am
My weekend homework has paid off again. I spotted this potential triple top on the 4hr Kiwi that worked out pretty well so far! It's good to do my weekend homework!

Attached Image (click to enlarge)
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  • #33,603
  • Jun 29, 2010 10:01am Jun 29, 2010 10:01am
You guys are making some nice trades Pippi nice runner. I was short on the temptress off yesterdays low just reversed 1.2156 off 4hr support its a hot knife I know maybe she might cool off.

#33581
  • #33,604
  • Jun 29, 2010 6:36pm Jun 29, 2010 6:36pm
Quoting PippiNole
My weekend homework has paid off again. I spotted this potential triple top on the 4hr Kiwi that worked out pretty well so far! It's good to do my weekend homework!

Attachment
I believe that is a 200sma you have on your chart and looks like that may be in line with some previous support to go back long.........just saying!!
Please ask questions and share your experiences with us all!
  • #33,605
  • Jun 29, 2010 9:36pm Jun 29, 2010 9:36pm
Quoting PippiNole
My weekend homework has paid off again. I spotted this potential triple top on the 4hr Kiwi that worked out pretty well so far! It's good to do my weekend homework!

Attachment
  • #33,606
  • Jun 29, 2010 9:39pm Jun 29, 2010 9:39pm
Quoting PippiNole
As I have mentioned previously I look for possible swing trades off the 4hr charts on about 8 different pairs in addition to trading the 3 lovely ladies intraday. I was able to bank a little over 200 pipperonis on this UJ trade this week. The 200 sma lined up pretty close to the descending TL and when price approached this area I opened a 15 min. chart and looked for price action to take the trade. I am usually able to spot one of these gems a week by doing my homework over the weekend.

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Have to love the 200 SMA, nice trade bro
  • #33,607
  • Jun 30, 2010 9:19am Jun 30, 2010 9:19am
Have an eye on the temptress month candle, nice to see a close above 1.2271 it would be 1st time this year closing up and at an very important zone.
  • #33,608
  • Jun 30, 2010 2:57pm Jun 30, 2010 2:57pm
Quoting PippiNole
Do you have a secret webcam hidden in my office?

Sounds like your trading is going well!

The oil hasn't gotten to my neck of the woods just yet but I'm afraid it won't be long. Most of the commercial fisherman are not fishing anymore they are now hired by BP to put out oil boom.

On a better note I got to fly in a small private plane (402B), with not quite the ponies of those ones you tool around in, to my favorite island in the Bahamas for a long Memorial Day weekend!...
Crusing around the Bahamas in a private twin engine Cessna.. All from watching charts and clicking a mouse button.. Life is grand isn't it!

Too bad about not finding the seminar - looks like Gladis and LuckyLady are MIA, I thought they were with you having so much fun with the 3Fs that they just stayed permanently!
Cap
  • #33,609
  • Jun 30, 2010 5:18pm Jun 30, 2010 5:18pm
Quoting The Captain
...All from watching charts and clicking a mouse button.. Life is grand isn't it!

Too bad about not finding the seminar - looks like Gladis and LuckyLady are MIA, I thought they were with you having so much fun with the 3Fs that they just stayed permanently!
Hey Captain, sure Mon to Fri is easy living for the PipMagnet but weekend's busy - homework time!
It's a dirty job but someone's gotta do it!
  • #33,610
  • Jul 1, 2010 7:46am Jul 1, 2010 7:46am
Be watching the dow open. This morning noise is making the temptress dance maybe to the daily 50ema wouldnt that be Great$$
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  • #33,611
  • Jul 1, 2010 8:26am Jul 1, 2010 8:26am
That dow chart isnt worth shit its frozen was looking at the USDX and looked at the dow and saw that triple bottom with div.

E/U strong 4hr resistance 1.2425 area been a good push already today, she's probably going to need to catch her breath and get a running start. But if that turns support whew!
  • #33,612
  • Jul 1, 2010 9:03am Jul 1, 2010 9:03am
Ive closed my longs at 1.2420 my 4hr says sell Iam out for the weekend between here and 1.2450 she could turn. Very happy with what I got watch your step manana NFP

Have a nice weekend all
  • #33,613
  • Edited 12:30pm Jul 2, 2010 12:18pm | Edited 12:30pm
I am trying to find 'my own' - it has to be 'common sense' approach.

And so it is now my opinion at this time - draw my S+R lines on the Daily and 4 hr levels.

Have some sort of alert when price approaches these lines.

Play Price action from the 15 minute charts around these lines - taking into account of course the trend direction; or noting if in a range and if at the top or bottom of that range and / or within a pattern of sorts.

The common sense part being - - I'm only looking at a chart when it is at a pivot level or S+R level.

comments welcome!

I am trying to ask - in order to be a successful trader - you NEED to know the S+R locations and base your trading strategy off of those locations; when that becomes common sense - you are well on your way to finding a profitable strategy?
Not that this is the cure all -but without it your most likely hosed?
  • #33,614
  • Jul 2, 2010 12:32pm Jul 2, 2010 12:32pm
Do I have the right mentality? Do I need something different? something more? something less?

I kinda figured if I think like a successful trader, eventually it'll all work out? (ie I'll make some money.)
  • #33,615
  • Jul 5, 2010 1:01am Jul 5, 2010 1:01am
Hey gang, just rolled in the casa and pulled up the charts and yes a bitt butt hurt over leaving on thursday early and my chart playing out to the T. If a , could of a, should of a, would of a, has no game in 4x. Just checkin my previous 4hr chart HURTS o-well

Heres to Bikinis, Cold beer, the river, and good friends, Happy 4th All!!!

Heres my 4hr chart moved the fib up to the next obvious 4hr high point 1.3094 ibfx

MAJOR s/r @ 1.2425 I am looking for a dip and touch and go if youve been birddoggin this pair as I have she comes back and checks in b4 taking back off!! BUTT anything is possible. Doubt I'll B awake LOL!!

I have a major case of Sunburn, Liver burn, and a Twisted neck from so so much EYE candy!!! God bless American Girls!!


Lots going on with price at this point the daily 50 ema is in play and Ill mark that and move down to the 15m tf pa to check price out at that level then again Betty Ford is in play too ha ha whew maybe tuesday

Have some great photos from the weekend far from G rated and 4x factory approved???

Good times CHEERS
Attached Image (click to enlarge)
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  • #33,616
  • Jul 6, 2010 10:28am Jul 6, 2010 10:28am
Quoting 4fun
Have some great photos from the weekend far from G rated and 4x factory approved???
Go ahead and show 'em. Pippi said it would be fine, he'll cover for you if necessary.
Hi, my name is Barry and you can keep your doctor...
  • #33,617
  • Jul 6, 2010 12:48pm Jul 6, 2010 12:48pm
I am sure they will show some sort of support or resistance - - -or
maybe a lack of support or resistance - either way, I think they would fit in nicely.
  • #33,618
  • Jul 6, 2010 9:13pm Jul 6, 2010 9:13pm
The photo's are perfect examples of a complete lake of Support and little to no Resistance.
  • #33,619
  • Jul 7, 2010 6:59am Jul 7, 2010 6:59am
The bounce off the 62 was a winner Butt I am going to take a shot and reverse and see if 1.2605 can play resistance. Ill like the 20 pip s/l with 160 reward.

I had a decent entry off the 62 if she runs north o-well shame on me
Attached Image (click to enlarge)
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  • #33,620
  • Jul 7, 2010 7:06am Jul 7, 2010 7:06am
Chart
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