Trade what you see NOT what you expect | Page 1742 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trade what you see NOT what you expect
Exit Attachments

Trade what you see NOT what you expect

  • #34,821
  • Mar 16, 2012 11:35pm Mar 16, 2012 11:35pm
A retrace in this 1.5780-1.5800 could see buyers show their faces.

Gray line = Weekly 100.

Yellow Line = Weekly 38.2% retrace from low of 5/16/10 to high @ 4/24/11.

Lawn Green = Daily 200.

HOLLA
Attached Image
  • #34,822
  • Mar 16, 2012 11:40pm Mar 16, 2012 11:40pm
Sunday/Monday should be interesting.

HOLLA
Attached Image
  • #34,823
  • Mar 17, 2012 12:34am Mar 17, 2012 12:34am
http://www.forexfactory.com/attachme...1&d=1239943126

April 17, 2009

EO sure knew how to ride those waves.

HOLLA
  • #34,824
  • Mar 17, 2012 6:06pm Mar 17, 2012 6:06pm
Quoting Turtle
Here's what I see......:nerd:

On the weekly the long term target is 1.3500, will we get there?
Hey brotha, rock up to the monthly, it just may give a clue
It's a dirty job but someone's gotta do it!
  • #34,825
  • Edited 2:50am Mar 18, 2012 1:59am | Edited 2:50am
Quoting LaBoca
Hey brotha, rock up to the monthly, it just may give a clue
From the famous words of EO...wait until the candle closes before you make a decision.

I seen it a number of times, that right before the candle closes there a mad rush of orders and the bias just changed and so did the setup

But I do know that the 100 monthly MA is sitting at 1.3381, wonder what would happen if we get a close above that level......gotta wait two more weeks bro.

HOLLA
  • #34,826
  • Mar 19, 2012 2:35am Mar 19, 2012 2:35am
Good stuff Turtle!

Not too much to say about EU and GU this morning, both finished very bullish last week and are both consolidating around the highs at the minute. H1 pin still in play on GU.

Morning all, hope you had good weekends
  • #34,827
  • Mar 19, 2012 2:43am Mar 19, 2012 2:43am
Good morning Trotty! Yes, nothing going at the moment, it's Monday morning, waiting for some clear direction. Got to get my boys ready for school- Monday's are always a rush!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,828
  • Mar 19, 2012 2:58am Mar 19, 2012 2:58am
Quoting Trader131
Good morning Trotty! Yes, nothing going at the moment, it's Monday morning, waiting for some clear direction. Got to get my boys ready for school- Monday's are always a rush!
Morning mate, hope you had a good weekend. No big news around today, might be a slow one....
  • #34,829
  • Mar 19, 2012 3:28am Mar 19, 2012 3:28am
Quick 15min chart- I'll be watching this blue rectangle zone, if we get there, as there's lots of confluence for a long- 50% fib retrace of Friday's move, 1hr 62ema (orange dashed line) and 15min 200 sma (brown) behind it, also weekly and daily pivots.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15min.gif Size: 22 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,830
  • Mar 19, 2012 3:52am Mar 19, 2012 3:52am
Quoting Trader131
Quick 15min chart- I'll be watching this blue rectangle zone, if we get there, as there's lots of confluence for a long- 50% fib retrace of Friday's move, 1hr 62ema (orange dashed line) and 15min 200 sma (brown) behind it, also weekly and daily pivots.
Yep, strong area down there.
  • #34,831
  • Mar 19, 2012 4:48am Mar 19, 2012 4:48am
Trying a quick short scalp here on eurusd. In at 59, first TP 10pips at support SL 20pips, 2nd TP blue box
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15min.gif Size: 24 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,832
  • Mar 19, 2012 5:00am Mar 19, 2012 5:00am
If we get a 15min candle close above 60, I will cut it quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15min.gif Size: 22 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,833
  • Mar 19, 2012 5:03am Mar 19, 2012 5:03am
Out for -2 pips- I can live with that. It did drop 8 pips straight after my entry, but I held out for my 10pips and didn't get it.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,834
  • Mar 19, 2012 5:04am Mar 19, 2012 5:04am
I don't like the 1hr close for a short position
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,835
  • Mar 19, 2012 5:07am Mar 19, 2012 5:07am
Well managed mate, I would not have wanted to stay in that trade after the H1/M15 closes either. I'm still flat for now although I have a portion on from last week still on EU.
  • #34,836
  • Mar 19, 2012 5:16am Mar 19, 2012 5:16am
Thanks, Trotty. Of course now she's falling! But like you said, the last candle closes weren't great for being in a short, and price had closed within that consolidation triangle again.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,837
  • Mar 19, 2012 5:21am Mar 19, 2012 5:21am
Just trying to protect my cash.

I had a go on that free simulator you posted yesterday, had 3 mt4's open- 4hr, 1hr and 15min, but found it too frustrating trying to get them to synch together, and gave up. I'll look into getting a "proper" one, or if anyone has found a good free way of sim trading multiple time frames (on mt4 ideally) please let me know.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,838
  • Mar 19, 2012 5:29am Mar 19, 2012 5:29am
Quoting Trader131
Just trying to protect my cash.

I had a go on that free simulator you posted yesterday, had 3 mt4's open- 4hr, 1hr and 15min, but found it too frustrating trying to get them to synch together, and gave up, I'll look into getting a "proper" one, or if anyone has found a good free way of sim trading multiple time frames (on mt4 ideally) please let me know.
The proper one I got was Forex Tester which was around £100 when I got it. The problem you have when you a trading a pretty much discrectionary trading methodology is that it's almost impossible to back test without a sim. That's why I stumped the money up for it because I was struggling to gain confidence in my ability to trade this approach properly without one. Now, I tend to try and think of my live trades just the same as my sim trades and manage them with as little emotion as I can, just as it it's the "computer game" that the sim is. Can't say that i'm 100% there with it but am trying to get to that destination.

Why don't you throw a new thread up to see if anyone has had any joy with any free sims?

There's a little part of me that wants to take a GU long position here but it just isn't quite clear enough for my tastes
  • #34,839
  • Mar 19, 2012 5:37am Mar 19, 2012 5:37am
Where is EO?
  • #34,840
  • Mar 19, 2012 5:43am Mar 19, 2012 5:43am
Quoting hubby7
Where is EO?
The story goes that he showed his hatred of the EOs once too often and the EOs finally snapped. They surrounded him, gaffer taped his mouth, tied him up in twine and kidnapped him. They now keep him in their cave where he is forced at knife point to grunt once when they should go long and twice when they should go short.

He still really, really hates EOs.
4 traders viewing now