Trade what you see NOT what you expect | Page 1715 | Forex Factory

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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

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Trade what you see NOT what you expect

  • #34,281
  • Apr 14, 2011 12:06pm Apr 14, 2011 12:06pm
Quoting eohater
Sounds good to me!
Thank God, at last. An intelligent voice of reason.

What's shakin' my brother?
Hi, my name is Barry and you can keep your doctor...
  • #34,282
  • Apr 14, 2011 12:10pm Apr 14, 2011 12:10pm
Quoting cisco
Thank God, at last. An intelligent voice of reason.

What's shakin' my brother?
Nothing much! How you doing? Glad to see your still moving the markets!
Just digging in the trenches like everyone else!
  • #34,283
  • Apr 14, 2011 12:16pm Apr 14, 2011 12:16pm
just passing to say hi to everybody!!

here is where it all started for me
I don't want a job, i want money!
  • #34,284
  • Apr 14, 2011 12:27pm Apr 14, 2011 12:27pm
Quoting eohater
Glad to see your still moving the markets!
Me...moving the markets? That's a good one! I carry all my wealth around in a Pez dispenser while you're using giant earth movers for your hourly take.

I hear Pippi is in the process of buying the Bahamas. Have you heard that?
Hi, my name is Barry and you can keep your doctor...
  • #34,285
  • Apr 14, 2011 2:13pm Apr 14, 2011 2:13pm
Wasssssuuuuupppp my people, hope everyone is trading well, consolidation ain't no joke.

Brother got long on the GBPUSD on Tuesday at 1000est. Entry 1.6296, s/l 1.6196. TP 1.6700.

Brother FINALLY just moved s/l +2, no reason to take a lost on a Friday.

Let's see how she rolls.

Working with the DJ company doing two proms this weekend. Got my dancing shoes on.

HOLLA
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  • #34,286
  • Apr 14, 2011 6:20pm Apr 14, 2011 6:20pm
Quoting cisco
Me...moving the markets? That's a good one! I carry all my wealth around in a Pez dispenser while you're using giant earth movers for your hourly take.

I hear Pippi is in the process of buying the Bahamas. Have you heard that?
I thought it was a joke at first, then the Governor-General Sir. Arthur Foulkes called me for a reference on his ass. I'm still floored! Hell, if we had his money, we could burn ours. Last I checked, he was filling cargo ships full of pips. Damn happy for him!

I've enjoyed my time off, just when I think I'm ready to focus back in on trading intraday again, more distractions occur. Maybe, if Sir Pippi buys the Bahamas, he'll send his henchmen to come and kidnap our asses and make all the distractions go away. I've been enjoying the markets lately though. I think I traded 3 days this week and it felt GREAT!

Has a new Mrs. Robinson moved in yet?
Just digging in the trenches like everyone else!
  • #34,287
  • Apr 14, 2011 6:39pm Apr 14, 2011 6:39pm
Quoting Turtle
Wasssssuuuuupppp my people, hope everyone is trading well, consolidation ain't no joke.

Brother got long on the GBPUSD on Tuesday at 1000est. Entry 1.6296, s/l 1.6196. TP 1.6700.

Brother FINALLY just moved s/l +2, no reason to take a lost on a Friday.

Let's see how she rolls.

Working with the DJ company doing two proms this weekend. Got my dancing shoes on.

HOLLA
A brother with a plan, that's freakin dangerous! Nice R:R ration!

Glad to hear all is going well! Prom, damn, now that brings back too many memories.
Just digging in the trenches like everyone else!
  • #34,288
  • Apr 14, 2011 9:32pm Apr 14, 2011 9:32pm
Nice solid pin bar just shy of the resistance created by just about all the MA's. Just missed the entry due to eating some lunch. Lets see if this tanks a little.

The biggest issue with this will be that you are selling back into the long tails of the previous day off what appears to be strong support from the 135.50 from mid Feb highs. Still good for some pips if she breaks

RT
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  • #34,289
  • Apr 15, 2011 12:12am Apr 15, 2011 12:12am
EU is is an interesting spot here. I threw the chart up yesterday with the tripple top and bearish engulfing. Can we still play off that? Look what's happened since.

I'm always wary about betting against the trend but this trend is finally showing some real weakness on the daily and H4, I would be happy to start taking shorts if we get some real clear signs on M15 that a push south has begun.

Nothing certain yet.
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  • #34,290
  • Apr 15, 2011 12:15am Apr 15, 2011 12:15am
Quoting The Captain
I don't think you fall into that category Trotty. Looks to me like you are trading in the theme of this thread.

**selectively forgets the fibs and S+D zones on his charts**

You're right, forget I said anything!
  • #34,291
  • Apr 15, 2011 12:49am Apr 15, 2011 12:49am
Livid that I missed the GBP/JPY trade south but alas time to move on.

AUD has back to back pin rejections of the EMA and looks like it might be ready for some southern action. Entry was the break of the 2nd pin with SL above the first pin and the EMA range.
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  • #34,292
  • Apr 15, 2011 1:01am Apr 15, 2011 1:01am
Quoting Razor_trader
Livid that I missed the GBP/JPY trade south but alas time to move on.

AUD has back to back pin rejections of the EMA and looks like it might be ready for some southern action. Entry was the break of the 2nd pin with SL above the first pin and the EMA range.
I eyeballed that one but have a mental thing about trading into the H1 62 ema. It's my favourite ema so I hate to think about violating it's power!
  • #34,293
  • Apr 15, 2011 1:09am Apr 15, 2011 1:09am
Quoting Trotty
I eyeballed that one but have a mental thing about trading into the H1 62 ema. It's my favourite ema so I hate to think about violating it's power!
Its a good squeeze at the moment, which one will give way may help paint the next few hours. Being London time and friday its a matter of whose gonna go crazy ;p

oh and edit, im not real fond of shorting the AUD for any period of time. Swaps are killer, the trend is a killer and its my home currency so have a bias towards holidays being cheap cheap cheap so I prefer to see it higher rather than lower lol

Double edit: do you have the 50sma and 62 ema on the hourly converging, acting as double dynamic support
  • #34,294
  • Edited 2:21am Apr 15, 2011 1:26am | Edited 2:21am
EU short from 4470 here.
  • #34,295
  • Apr 15, 2011 2:22am Apr 15, 2011 2:22am
Quoting Razor_trader
Its a good squeeze at the moment, which one will give way may help paint the next few hours. Being London time and friday its a matter of whose gonna go crazy ;p

oh and edit, im not real fond of shorting the AUD for any period of time. Swaps are killer, the trend is a killer and its my home currency so have a bias towards holidays being cheap cheap cheap so I prefer to see it higher rather than lower lol

Double edit: do you have the 50sma and 62 ema on the hourly converging, acting as double dynamic support
Ha, i've never really thought about betting against my own currency that way. It's all about putting money in my account for me, i'm just so selfish!

Yeah, the 50 and 62 are near enough together right now....
  • #34,296
  • Apr 15, 2011 5:56am Apr 15, 2011 5:56am
Quoting Trotty
EU short from 4470 here.
weathered some range but looking good now. I am out for a small loss, the painful process of ranging didnt have me sitting to comfortable after about 3 hours, big break to the upside before a quick reverse took out the remainder.

EUR is tracking nicely and I take it you took the pin that retested 1.4500 along with the 15 min pin into the MAs, nice trade.

Time for some drinks me thinks, finished the week on a small down note but more or less a comfortable week trading.

Thanks for the opportunity to share my thoughts.

Have a safe weekend

RT
  • #34,297
  • Apr 15, 2011 6:00am Apr 15, 2011 6:00am
Quoting eohater

Has a new Mrs. Robinson moved in yet?
No, not yet. It's gonna be damned hard to find someone to fill Mrs. R's panties, but try, I will. The auditions are ongoing!
Hi, my name is Barry and you can keep your doctor...
  • #34,298
  • Apr 15, 2011 6:22am Apr 15, 2011 6:22am
Hi, I'm learning how to trade and this thread has been very valuable on the process. All your comments are really appreciated.

I took this EUR/USD LONG a few minutes ago on the bounce on a H4 PPA after a long M15 fall.

May be I should have waited for more confirmation as the manual suggests.

What do you think? What else would you be looking for as confirmation to enter LONG?

Thanks
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  • #34,299
  • Apr 15, 2011 6:24am Apr 15, 2011 6:24am
Quoting Razor_trader
weathered some range but looking good now. I am out for a small loss, the painful process of ranging didnt have me sitting to comfortable after about 3 hours, big break to the upside before a quick reverse took out the remainder.

EUR is tracking nicely and I take it you took the pin that retested 1.4500 along with the 15 min pin into the MAs, nice trade.

Time for some drinks me thinks, finished the week on a small down note but more or less a comfortable week trading.

Thanks for the opportunity to share my thoughts.

Have a safe weekend...
Thanks man, have a great weekend.

I took half at 20 pips, I only had a 10 pip stop. The rest got taken at BE so i'm obviously pretty pissed off with myself right now. I had no reason to tighten the stop, I knew it was a good entry.

The entry was on a test of (shhhhh) the intraday 50 fib and the 21 ema. But I do some weird shit with M1 too, I look for moves away from consolidation and gaps. I got a gap down on M1 so bang. All a bit of a sideshow, the real reason to short was posted on that H4 chart I chucked up this morning.

Enjoy the 2 trading free days!
  • #34,300
  • Apr 15, 2011 6:29am Apr 15, 2011 6:29am
Quoting Haydel
Hi, I'm learning how to trade and this thread has been very valuable on the process. All your comments are really appreciated.

I took this EUR/USD LONG a few minutes ago on the bounce on a H4 PPA after a long M15 fall.

May be I should have waited for more confirmation as the manual suggests.

What do you think? What else would you be looking for as confirmation to enter LONG?...
That's what we like to call.......a flipping agressive entry!!

I don't have the balls for that sort of entry, like a pair of plumbs slow baked for 4 hours.

As captain Blackadder was told when facing the firing squad, sir, I have to admire you balls"......"yeeees, perhaps later"
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