Trade what you see NOT what you expect | Page 1739 | 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 And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #34,761
  • Mar 16, 2012 5:35am Mar 16, 2012 5:35am
Time for a break and I want to keep those pips in the tin now as it's Friday. It's always good to end on a good note!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,762
  • Mar 16, 2012 5:40am Mar 16, 2012 5:40am
Quoting Trader131
Time for a break and I want to keep those pips in the tin now as it's Friday. It's always good to end on a good note!
Good trading, catch ya later.

HOLLA
  • #34,763
  • Mar 16, 2012 5:53am Mar 16, 2012 5:53am
Quoting Trader131
Another 1/4 position taken off cable at the figure as it's Friday. 1/4 left running on both cable and Eurusd. Trotty, how's it going?
Hey mate. I closed 3/4 at 5704 but then stopped out on the rest. To be honest, I nearly closed the lot at once because I had no expectation of it going further and it didn't. Hey, ho.

Good trading from you again mate, you are way better at this than you made out

Watch this, it's brilliant (light relief):

Inserted Video
  • #34,764
  • Mar 16, 2012 5:55am Mar 16, 2012 5:55am
Quoting Trader131
Anybody see this? 35/50 cross and reverse- I should have closed my last quarter and gone long on the open of that last candle, but too busy posting charts!
It's one setup from EO that I never really got or traded. I just never saw it working consistently. I would for him to come on and tell us if he still takes these and if they still play out with the same regularity. I've just never got into them.
  • #34,765
  • Mar 16, 2012 6:00am Mar 16, 2012 6:00am
!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,766
  • Mar 16, 2012 6:01am Mar 16, 2012 6:01am
Quoting Turtle
Yeah I see it, she is bouncing all over the place, no wonder why she has been stuck in this range since Sept 2011.

HOLLA
I've been going short around 1.5735-15740 for 3 days now, shooting for 1.5600. and even though I could have grabbed 30-40 pips several times, I persist and it keeps taking me out at BE. This is about to happen again However I'm curious to see whether it will test 1.5600 again and, most important, what kind of acrobatics it will perform in order to get there.
  • #34,767
  • Mar 16, 2012 6:04am Mar 16, 2012 6:04am
I know what you mean, they don't all work. I think the context of the trade is important.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,768
  • Mar 16, 2012 6:07am Mar 16, 2012 6:07am
This one was a pure "violent" pullback trade
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,769
  • Mar 16, 2012 6:08am Mar 16, 2012 6:08am
Hey, Micmic you've been taking good entries, but I hope you took some profit off the table each time before getting stopped?
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,770
  • Mar 16, 2012 6:11am Mar 16, 2012 6:11am
"Good trading from you again mate, you are way better at this than you made out "

Thanks, Trotty. Well I certainly learned from the school of hard knocks!Great trading from you too!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,771
  • Mar 16, 2012 6:13am Mar 16, 2012 6:13am
Quoting Trotty
Hey mate. I closed 3/4 at 5704 but then stopped out on the rest. To be honest, I nearly closed the lot at once because I had no expectation of it going further and it didn't. Hey, ho.

Good trading from you again mate, you are way better at this than you made out

Watch this, it's brilliant (light relief):

http://www.youtube.com/watch?v=bd7c_xwrei0



Now that's some funny stuff.

HOLLA
  • #34,772
  • Mar 16, 2012 6:17am Mar 16, 2012 6:17am
This channel that I talked about earlier on EURUSD has been respected to the pip. I was away from the pc, but the green arrow would have been a brilliant entry.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15min.gif Size: 23 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,773
  • Mar 16, 2012 6:20am Mar 16, 2012 6:20am
Quoting Trader131
Hey, Micmic you've been taking good entries, but I hope you took some profit off the table each time before getting stopped?
That's what I usually do, but this time I decided to just go for a bigger movement. More of an experiment, actually. It appeared to me in the D1 and H4 that we had a retracement that was over, and that it would at least retest 1.5600 before either breaking down or bouncing back up, but so far it hasn't. Apparently there are too many buy orders around 1.5650.

Yeah, normally I would have taken profit at 20-30 pips but it looked like an ideal level for a bigger move.

10 pips away from hitting my BE now...
  • #34,774
  • Mar 16, 2012 6:24am Mar 16, 2012 6:24am
Hey Trotty, thanks for the vouch. I really appreciate it. I don't think I can return the compliment yet, but would if I could!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,775
  • Mar 16, 2012 6:30am Mar 16, 2012 6:30am
Quoting Trader131
Hey Trotty, thanks for the vouch. I really appreciate it. I don't think I can return the compliment yet, but would if I could!
You're more than welcome bud, well deserved I think given how well you are doing at the minute
  • #34,776
  • Mar 16, 2012 6:34am Mar 16, 2012 6:34am
Heads up on EJ, 6 pips off yesterday's high and she fell sharply off this level yesterday.
  • #34,777
  • Mar 16, 2012 6:38am Mar 16, 2012 6:38am
Micmic, fingers crossed she comes back down for you - there's a real battle going on right now. 4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4hr.gif Size: 28 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,778
  • Mar 16, 2012 6:45am Mar 16, 2012 6:45am
Quoting Trotty
Heads up on EJ, 6 pips off yesterday's high and she fell sharply off this level yesterday.
Oh, man, I need more screens! Yes, I see there's a battle going on up there too.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,779
  • Mar 16, 2012 6:46am Mar 16, 2012 6:46am
Quoting Trader131
Micmic, fingers crossed she comes back down for you - there's a real battle going on right now. 4hr chart

Thanks, I don't expect much but the risk is small to non-existent, so why not. If you hear that I got stopped out or that I took a small profit, then immediately go short because that will be the point where it will fall 200 pips
  • #34,780
  • Mar 16, 2012 6:48am Mar 16, 2012 6:48am
Quoting Trader131
Oh, man, I need more screens! Yes, I see there's a battle going on up there too.
If it breaks that there's also the previous month's high, 33 pips above.
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