Trade what you see, not what you think or feel. Let the market come to you.
- #721
- Edited 6:27pm Sep 20, 2010 2:32pm | Edited 6:27pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
- #722
- Sep 20, 2010 4:55pm Sep 20, 2010 4:55pm
- Joined Jan 2009 | Status: Trader | 1,617 Posts
Well price did test red SH then fell...sloooowwwwly...maybe 9 pips an hour.
FX4Newbies
Don't you just hate when that happens?
USD/JPY has a very nasty habit of doing such.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #723
- Edited 5:41pm Sep 20, 2010 5:03pm | Edited 5:41pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Um hmm. Usd/Jpy is not one of my "favorite" pairs. Now I don't trade pairs, I trade my system. When I see it, I don't care who's got it, I'm looking to click! Like they say, don't marry these pairs, just trade them.
Hope I catch a setup in time to send a signal tomorrow. Was ready to send one today on the Eur/Usd (still have it in my e-mailer software LOLOLOL) and it just looked so pathetic I decided to pass.
FX4Newbies
Like they say, don't marry these pairs, just trade them.Hope I catch a setup in time to send a signal tomorrow. Was ready to send one today on the Eur/Usd (still have it in my e-mailer software LOLOLOL) and it just looked so pathetic I decided to pass.
FX4Newbies
Don't you just hate when that happens?
USD/JPY has a very nasty habit of doing such.
Trade what you see, not what you think or feel. Let the market come to you.
- #724
- Sep 21, 2010 5:32am Sep 21, 2010 5:32am
- | Joined May 2010 | Status: One Wave at a Time | 219 Posts
Don't you just hate when that happens?
USD/JPY has a very nasty habit of doing such.
I am tracking, on a daily basis, NZD, EURJPY, GBPJPY to see if I want to add one to my Intraday list.
Everybody has favorites, these are mine.
- #725
- Sep 21, 2010 8:40am Sep 21, 2010 8:40am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #726
- Edited 7:44pm Sep 21, 2010 9:14am | Edited 7:44pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
I guess there are different reasons to select pairs to trade. When I think of a favorite, I assume the main reason people choose one is that they like how it behaves. I used to have favorites...EurJpy and GbpJpy. The 10 pairs I watch now, which does include those two, were selected because they are heavily traded and because of their pip value.
For me personally, I know I have made a shift from having an emotional attachment to a pair. Just not there anymore. I am focused on my setup and entry. Maybe it is a phase. Who knows, I may have another favorite someday for a season of time.
Thanks for sharing,
FX4Newbies
For me personally, I know I have made a shift from having an emotional attachment to a pair. Just not there anymore. I am focused on my setup and entry. Maybe it is a phase. Who knows, I may have another favorite someday for a season of time
.Thanks for sharing,
FX4Newbies
JPY IS DEAD TO ME - I actively track and trade EUR, GBP, CHF, AUD, CAD
I am tracking, on a daily basis, NZD, EURJPY, GBPJPY to see if I want to add one to my Intraday list.
Everybody has favorites, these are mine.
Trade what you see, not what you think or feel. Let the market come to you.
- #727
- Edited Sep 22, 2010 2:43pm Sep 21, 2010 4:03pm | Edited Sep 22, 2010 2:43pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #728
- Sep 22, 2010 7:43am Sep 22, 2010 7:43am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #729
- Sep 23, 2010 7:20am Sep 23, 2010 7:20am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Hello again,
Had a long day yesterday...now coming to
Here is an interesting setup. Price at WL with U-MLH below. News out shortly. Good place for support: either at WL or U-MLH (as switchback). Thinking bullish. By the way, these WLs are from a fork above.
Be careful,
FX4Newbies
Had a long day yesterday...now coming to
Here is an interesting setup. Price at WL with U-MLH below. News out shortly. Good place for support: either at WL or U-MLH (as switchback). Thinking bullish. By the way, these WLs are from a fork above.
Be careful,
FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
- #730
- Edited 3:03pm Sep 23, 2010 2:51pm | Edited 3:03pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Hello again,
Experienced some trading scenarios today that I had not had for moons. Posted the chart above this morning. After posting, I noticed that price had actually cleared the low at 1.33492 (the light blue line). That means that the market had already begun to display downward momentum, though the longer time-frames were showing some bullish sentiment. Should have drawn a downward fork first. Red arrow indicates the candle I entered on with a long position, which was actually positive for a few pips.
After I entered this trade, caught clear bearish sentiment (per my entry method) on M15 out of the corner of my eye. Thought that maybe the bullish sentiment would kick in. There were two attempts to push upward after the news, which only helped to take price south for a minute...more like a few hours LOLOLOL. Still in this trade. If I have to surrender some pips, then I might as well learn something, right?
Will keep you posted. A revised chart is attached. I need to make notes to myself on this one for sure. Need to throw out this trading skeleton...thought it was long gone.
Take care,
FX4Newbies
Experienced some trading scenarios today that I had not had for moons. Posted the chart above this morning. After posting, I noticed that price had actually cleared the low at 1.33492 (the light blue line). That means that the market had already begun to display downward momentum, though the longer time-frames were showing some bullish sentiment. Should have drawn a downward fork first. Red arrow indicates the candle I entered on with a long position, which was actually positive for a few pips.
After I entered this trade, caught clear bearish sentiment (per my entry method) on M15 out of the corner of my eye. Thought that maybe the bullish sentiment would kick in. There were two attempts to push upward after the news, which only helped to take price south for a minute...more like a few hours LOLOLOL. Still in this trade. If I have to surrender some pips, then I might as well learn something, right?
Will keep you posted. A revised chart is attached. I need to make notes to myself on this one for sure. Need to throw out this trading skeleton...thought it was long gone
.Take care,
FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
- #732
- Sep 23, 2010 6:27pm Sep 23, 2010 6:27pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Thanks for sharing Wave Trader. After clicking, I saw bearish sentiment on M15. Still seeing some bullish sentiment on H4 though but watching how price is interacting with my red downward fork.
AudUsd has been behaving nicely. Looking at charts for posting sometimes keeps my focus on the EurUsd pair. Sometimes I see a few setups but sending signals is not as expeditious as I would like yet.
Will be watching to see how it plays out and look at your charts some more. Hate to admit it, but I am still in this trade. Hope this is not a pathetic case of wishing and hoping...we all know what that's about in trading.
Take care and thanks,
FX4Newbies
AudUsd has been behaving nicely. Looking at charts for posting sometimes keeps my focus on the EurUsd pair. Sometimes I see a few setups but sending signals is not as expeditious as I would like yet.
Will be watching to see how it plays out and look at your charts some more. Hate to admit it, but I am still in this trade. Hope this is not a pathetic case of wishing and hoping...we all know what that's about in trading.
Take care and thanks,
FX4Newbies
I been having a difficult time getting long on this great run up.
But I have made several "countertrend" trades. While FX4 and Fork Trader
were getting long I was preparing to go short.
Funny Game - I also shorted AUD - successfully
60 - shows we should be at P5 - but the break looks corrective.
89 Tick - shows my set up. Blue SR line - Blue SP - Modified Schiff Fork
Trade what you see, not what you think or feel. Let the market come to you.
- #733
- Edited 10:38am Sep 24, 2010 3:48am | Edited 10:38am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Well traders,
Wanted to share the completion of the experience that began yesterday morning. Closed the trade a few moments ago with a profit. I held the trade for two reasons:
1. I saw bullish sentiment on H4 in the morning when I placed the trade. I also went back and read what I had written in the post that morning as well...
Hello again,
Had a long day yesterday...now coming to http://cdn.forexfactory.com/images/s.../yim/happy.gif
Here is an interesting setup. Price at WL with U-MLH below. News out shortly. Good place for support: either at WL or U-MLH (as switchback). Thinking bullish. By the way, these WLs are from a fork above.
Be careful,
FX4Newbies
Believe it or not, I stuck with it because of what I saw in the chart. Price came exactly to green U-MLH, found support and turned. I was hoping price would find support at the WL earlier, but the market sentiment was down and news pushed it further. Also I had not drawn in the red fork.
2. I have been told that it is good training to allow yourself to hold the trade to experience the swings from a negative P/L to a positive one. Builds emotional muscle. So, I figured I'll give it a shot since I'm in it already, nothing more to lose. If it's a loss, then it's a loss. Normally I would be gone, but I decided to put myself to the test. I guess I wanted the experience more than the cash.
Because I stuck with my analysis that was confirmed, I was able to come out with some pips in my pocket. The Lesson: Be confident about what you know about the method you are using. If you have reason to enter the trade, then hold on until you see reason to let it go...until what you used to enter the trade is no longer valid.
Hope this helps someone. Your thoughts would also be welcomed.
Take care,
FX4Newbies
P.S. I guess the skeleton's shadow has been thrown out.
EDIT: H4 setups can take some time to kick in.
Wanted to share the completion of the experience that began yesterday morning. Closed the trade a few moments ago with a profit. I held the trade for two reasons:
1. I saw bullish sentiment on H4 in the morning when I placed the trade. I also went back and read what I had written in the post that morning as well...
Hello again,
Had a long day yesterday...now coming to http://cdn.forexfactory.com/images/s.../yim/happy.gif
Here is an interesting setup. Price at WL with U-MLH below. News out shortly. Good place for support: either at WL or U-MLH (as switchback). Thinking bullish. By the way, these WLs are from a fork above.
Be careful,
FX4Newbies
Believe it or not, I stuck with it because of what I saw in the chart. Price came exactly to green U-MLH, found support and turned. I was hoping price would find support at the WL earlier, but the market sentiment was down and news pushed it further. Also I had not drawn in the red fork.
2. I have been told that it is good training to allow yourself to hold the trade to experience the swings from a negative P/L to a positive one. Builds emotional muscle. So, I figured I'll give it a shot since I'm in it already, nothing more to lose. If it's a loss, then it's a loss. Normally I would be gone, but I decided to put myself to the test. I guess I wanted the experience more than the cash
.Because I stuck with my analysis that was confirmed, I was able to come out with some pips in my pocket. The Lesson: Be confident about what you know about the method you are using. If you have reason to enter the trade, then hold on until you see reason to let it go...until what you used to enter the trade is no longer valid.
Hope this helps someone. Your thoughts would also be welcomed.
Take care,
FX4Newbies
P.S. I guess the skeleton's shadow has been thrown out
. EDIT: H4 setups can take some time to kick in
.
Trade what you see, not what you think or feel. Let the market come to you.
- #735
- Edited 6:39am Sep 24, 2010 6:18am | Edited 6:39am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Well said Wave Trader. A trader must have some kind of confidence in what they use to trade with, otherwise the slightest adversity will knock them out of the running....and there will be many of those moments. Got more ice in my trading veins from that one .
.Excellant - Do not let go until the pattern is broken - well done
Trade what you see, not what you think or feel. Let the market come to you.
- #736
- Edited Sep 25, 2010 10:13am Sep 24, 2010 10:54am | Edited Sep 25, 2010 10:13am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #737
- Sep 26, 2010 10:36am Sep 26, 2010 10:36am
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #738
- Edited 5:10pm Sep 26, 2010 12:55pm | Edited 5:10pm
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #739
- Sep 27, 2010 6:29am Sep 27, 2010 6:29am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #740
- Sep 27, 2010 6:35am Sep 27, 2010 6:35am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,457 Posts
A little beginner trader since 2006