Trade what you see NOT what you expect | Page 1691 | 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

  • #33,801
  • Dec 4, 2010 4:01pm Dec 4, 2010 4:01pm
Quoting bkg102665
I just showed a buddy of mine that same trade. Although I did not see it cause I was sleeping I told him that was a no brainer if you see it set up like that. Notice my lime green line and how it had been previous support on Nov 24 and 25. Nice trade my friend
Hello.
I am interested in your pictures. I'm just like you use in trade levels PivotPoint, but somewhat differently. I use it to determine the end of the movement after the news and start correcting. In addition, using indicators Momentum (12) and ADX (12). Began trading on such an algorithm in this account to 25/10/2010. The result was this:
http://jpegshare.net/images/e0/a5/e0...62dd93de8a.png
  • #33,802
  • Edited 9:50pm Dec 8, 2010 8:47pm | Edited 9:50pm
Hello Eohater,

Came upon this thread trying to connect with Infinity. Then saw the signature..."Trade What You See NOT What You Expect". Great! That is one of my mottos. Serious traders here for sure. Think I will subscribe.

I trade using the Andrews' Pitchfork. Saw some channels here which got my interest. Will keep looking through.

Don't have much time to browse at Forex Factory but I think I will make time to stop by this thread . I like thinking minds.

All the best,

FX4Newbies/Pitchfork Goldmine!
Trade what you see, not what you think or feel. Let the market come to you.
  • #33,803
  • Dec 19, 2010 1:07pm Dec 19, 2010 1:07pm
Here's what I am watching on GU while I'm home for the holidays.

Let your 15 minute chart show you the direction - don't over complicate it - up or down are the only 2 options!! She is currently up against the two 15 minute 50's going North.

Also keep in mind that there has been heavy selling and although there may be a bounce here, looking at the weekly chart, shorts should be favored.

Here's to safe and happy holidays for everyone, and don't forget to !!

Cheers.
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Cap
  • #33,804
  • Dec 20, 2010 8:31am Dec 20, 2010 8:31am
Quoting The Captain
Here's what I am watching on GU while I'm home for the holidays.

Let your 15 minute chart show you the direction - don't over complicate it - up or down are the only 2 options!! She is currently up against the two 15 minute 50's going North.

Also keep in mind that there has been heavy selling and although there may be a bounce here, looking at the weekly chart, shorts should be favored.

Here's to safe and happy holidays for everyone, and don't forget to !!

Cheers.
Hi Captain,
do you let your S&R lines draw by an indicator?
  • #33,805
  • Dec 20, 2010 9:19pm Dec 20, 2010 9:19pm
Quoting MCFly
Hi Captain,
do you let your S&R lines draw by an indicator?
Yes - the indicator is "Recent SR" by Hanover. Search for it and you will find it's thread with instructions. The lines drawn on the chart I posted were from another style of trading I do, but you can set this indicator to draw S&R lines any way you want.
Cap
  • #33,806
  • Dec 22, 2010 12:46pm Dec 22, 2010 12:46pm
Quoting The Captain

Also keep in mind that there has been heavy selling and although there may be a bounce here, looking at the weekly chart, shorts should be favored.

Cheers.
How's this for a Merry Christmas!

1st Trade: 40 pips

2nd Trade: 200+150+100 = 450 pips

bearish monthly candles + bearish weekly candles + bearish daily candles + daily trend line break out + 1 hour MA's in line with 15 minute MA's + Nice 15 minute PA

What a recipe for $$$
Attached Image (click to enlarge)
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Cap
  • #33,807
  • Dec 22, 2010 12:59pm Dec 22, 2010 12:59pm
Quoting The Captain
How's this for a Merry Christmas!

1st Trade: 40 pips

2nd Trade: 200+150+100 = 450 pips

bearish monthly candles + bearish weekly candles + bearish daily candles + daily trend line break out + 1 hour MA's in line with 15 minute MA's + Nice 15 minute PA

What a recipe for $$$

That's the way...nothing complicating
It's a dirty job but someone's gotta do it!
  • #33,808
  • Dec 23, 2010 1:05pm Dec 23, 2010 1:05pm
hey guys,

im not familiar with this thread and dont have time before years end to study it,

but could s.om give me some ideas regarding oving averages on the M5 timeframe?

kindest regards and merry christmas
Phanti
Hero calls followed by margin calls...
  • #33,809
  • Dec 23, 2010 1:26pm Dec 23, 2010 1:26pm
Quoting PhAnTi'
hey guys,

im not familiar with this thread and dont have time before years end to study it,

but could s.om give me some ideas regarding oving averages on the M5 timeframe?

kindest regards and merry christmas
Phanti
The lowest timeframe of focus is the 15min. A good place to start is the pdfs in post 1.

Merry Christmas to you and yours as well!
  • #33,810
  • Dec 23, 2010 4:09pm Dec 23, 2010 4:09pm
Quoting The Captain
How's this for a Merry Christmas!

1st Trade: 40 pips

2nd Trade: 200+150+100 = 450 pips

bearish monthly candles + bearish weekly candles + bearish daily candles + daily trend line break out + 1 hour MA's in line with 15 minute MA's + Nice 15 minute PA

What a recipe for $$$
Good shootin', bro. Now do that with 7 or 8 pairs, 5 days a week and you'll be shyttin' in tall cotton.

Merry Christmas everyone! That even goes for that wascally wabbit Pippi!
Hi, my name is Barry and you can keep your doctor...
  • #33,811
  • Dec 24, 2010 1:27am Dec 24, 2010 1:27am
Quoting The Captain
How's this for a Merry Christmas!

1st Trade: 40 pips

2nd Trade: 200+150+100 = 450 pips

bearish monthly candles + bearish weekly candles + bearish daily candles + daily trend line break out + 1 hour MA's in line with 15 minute MA's + Nice 15 minute PA

What a recipe for $$$
Hi Captain. Rather new to FX. Been having a go at it for bout a year.
Still not too consistent.

Was wondering what you meant by 1H MA's inline with 15m MA's?
  • #33,812
  • Dec 24, 2010 7:27pm Dec 24, 2010 7:27pm
Quoting Leftie
Hi Captain. Rather new to FX. Been having a go at it for bout a year.
Still not too consistent.

Was wondering what you meant by 1H MA's inline with 15m MA's?
Look at your chart at the time I made those trades and look where the MA's used in this method were on the 1 hour chart, and where they were on the 15 minute chart.
Cap
  • #33,813
  • Dec 24, 2010 7:28pm Dec 24, 2010 7:28pm
Quoting cisco
Good shootin', bro. Now do that with 7 or 8 pairs, 5 days a week and you'll be shyttin' in tall cotton.

Merry Christmas everyone! That even goes for that wascally wabbit Pippi!
Merry Christmas to you as well Cisco. All the best in the new year!
Cap
  • #33,814
  • Jan 4, 2011 7:18pm Jan 4, 2011 7:18pm
Took a nice rid down on the temptress - Notice how strong the level is combined with some nice 4 hour PA. Where the hell is everyone!


lady bird - I tried replying to your message but it says that you do not allow private messages.
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Cap
  • #33,815
  • Jan 5, 2011 8:22am Jan 5, 2011 8:22am
All the Best in the New Year ...

Thanks, The Captain to let me know about ... "off my private messages" I did it :-( involuntary.

Good start for the new year! LOL
  • #33,816
  • Jan 5, 2011 6:35pm Jan 5, 2011 6:35pm
Captain,

What are the open and or close times for your 4hr bars. Yours seems to convey market sentiment better than mine.

Thanks
  • #33,817
  • Jan 11, 2011 5:16pm Jan 11, 2011 5:16pm
Quoting MaximusPips
Captain,

What are the open and or close times for your 4hr bars. Yours seems to convey market sentiment better than mine.

Thanks
I believe that was FXPRO's feed that I posted. When I first started EO said he watched 4 different 4hour charts - a 4 hour bar closing every hour. This was genius advice and I recommend everyone do the same.

On a side note, I find many people use different times for the open/close of daily candles. With all of my testing I am very confident to say that around 5-6pm eastern time (close of US session) is the best open/close time for daily candles. (FXPRO has this time). After playing around with different types of S&R and levels, this open/closing time seems to be the most watched and used. I now consider that time the official open/close of the forex market.

Hope this helps!
Cap
  • #33,818
  • Jan 11, 2011 7:14pm Jan 11, 2011 7:14pm
it sure does,
thank you
  • #33,819
  • Jan 19, 2011 9:33am Jan 19, 2011 9:33am
Here is a text book trade that i spotted. Unfortunately i could not catch it because price never actually touched the EMA and my PO missed buy entry few pips.
However i did spot it - that's important.

Any comments from experienced traders are welcome.
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Making money is easy- Just dont take losing trades
  • #33,820
  • Jan 19, 2011 10:22am Jan 19, 2011 10:22am
Quoting The Captain
How's this for a Merry Christmas!

1st Trade: 40 pips

2nd Trade: 200+150+100 = 450 pips

bearish monthly candles + bearish weekly candles + bearish daily candles + daily trend line break out + 1 hour MA's in line with 15 minute MA's + Nice 15 minute PA

What a recipe for $$$

Wow... awsome captain. Great work. Thats lots of learning here for me- first learning is that i can be done
Making money is easy- Just dont take losing trades
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