Trade what you see NOT what you expect | Page 1747 | 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

  • #34,921
  • Mar 20, 2012 6:57am Mar 20, 2012 6:57am
35/50 reversal possible here on EU and cable if we close with a short wick. Interesting to how it pans out. May try just a small position.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,922
  • Mar 20, 2012 7:02am Mar 20, 2012 7:02am
Quoting Trader131
That sounds like a good idea. Did you find you were mostly in agreement?
Sometime yes, sometimes i'm still left scratching my head as to exactly why EO and particularly Infinity entered where they did and why they did. It just shows me that I still have loads to learn but it's much more fun learning when you are profitable than learning when you are just losing all the time.
  • #34,923
  • Mar 20, 2012 7:04am Mar 20, 2012 7:04am
Entered eurusd short, as a bit of an experiment, movin stop to BE early and will take profit at 50sma
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
  • #34,924
  • Mar 20, 2012 7:06am Mar 20, 2012 7:06am
Out at 24- momentum south running out of steam
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,925
  • Mar 20, 2012 7:06am Mar 20, 2012 7:06am
not a trade to hold onto
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,926
  • Mar 20, 2012 7:09am Mar 20, 2012 7:09am
Ouch, shorts getting squeezed again.

HOLLA
  • #34,927
  • Mar 20, 2012 7:11am Mar 20, 2012 7:11am
From my understanding it's a quick in and out trade, and normally price will retrace to one of the ma's before either bouncing back up or continuing down. When it stalled I bailed, as I'm not confident with this setup and it is like stepping in front of a train! Glad I bailed, as she's not stopping!
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
  • #34,928
  • Mar 20, 2012 7:21am Mar 20, 2012 7:21am
Quoting Trader131
From my understanding it's a quick in and out trade, and normally price will retrace to one of the ma's before either bouncing back up or continuing down. When it stalled I bailed, as I'm not confident with this setup and it is like stepping in front of a train! Glad I bailed, as she's not stopping!
Exactly the problem I have. You are not only trading against a big candle that is not in your favour but often a spike that suggests a fundemental change of market sentiment. For me, it will probably always remain a unique trade to EO and one i'll never have the balls to take.

Back of trendline test coming up on GU
  • #34,929
  • Mar 20, 2012 7:34am Mar 20, 2012 7:34am
Quoting Trotty
Exactly the problem I have. You are not only trading against a big candle that is not in your favour but often a spike that suggests a fundemental change of market sentiment. For me, it will probably always remain a unique trade to EO and one i'll never have the balls to take.

Back of trendline test coming up on GU
Yes that 35/50 coincided with the bullish hourly close as well, so you had those watching the 1 hr chart entering after it closed. maybe that's why it didn't pan out (it might still pan out, but I was looking for a quick profit not being comfortable with it). Still I managed to grab 6 pips!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,930
  • Mar 20, 2012 7:34am Mar 20, 2012 7:34am
loads of pc and internet issues here today which is annoying but I can only see one trade possibly two I would have wanted to take on EU. Little bit on the wild side now
  • #34,931
  • Mar 20, 2012 8:01am Mar 20, 2012 8:01am
Choptastic on GU today. Had another trade where I very nearly reached TP1 and was stopped BE again. Frustration reigns.

One of the problems with working is that sometimes you miss the good setups and end up taking the less good ones, can lead to frustrating days sometimes....
  • #34,932
  • Mar 20, 2012 8:06am Mar 20, 2012 8:06am
Quoting Trotty
Choptastic on GU today. Had another trade where I very nearly reached TP1 and was stopped BE again. Frustration reigns.

One of the problems with working is that sometimes you miss the good setups and end up taking the less good ones, can lead to frustrating days sometimes....
Thats true but sometimes it works the other way as well
  • #34,933
  • Mar 20, 2012 8:07am Mar 20, 2012 8:07am
Quoting lazyboy
Thats true but sometimes it works the other way as well
Without doubt!
  • #34,934
  • Mar 20, 2012 8:09am Mar 20, 2012 8:09am
Could see 250 cap the EU for US session today...
  • #34,935
  • Mar 20, 2012 8:14am Mar 20, 2012 8:14am
Quoting Trotty
Choptastic on GU today. Had another trade where I very nearly reached TP1 and was stopped BE again. Frustration reigns.

One of the problems with working is that sometimes you miss the good setups and end up taking the less good ones, can lead to frustrating days sometimes....
yes, been away from the pc, but I see that last 4hr close on cable changed from being bullish to bearish in the last few minutes. Lots of traders getting caught out today, but if you're just getting stopped at BE you're doing well. I know what you mean about taking less good setups just because it's ther when you're looking in and you missed a couple earlier..Patience is key in this business.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,936
  • Mar 20, 2012 8:22am Mar 20, 2012 8:22am
Quoting Trader131
yes, been away from the pc, but I see that last 4hr close on cable changed from being bullish to bearish in the last few minutes. Lots of traders getting caught out today, but if you're just getting stopped at BE you're doing well. I know what you mean about taking less good setups just because it's ther when you're looking in and you missed a couple earlier..Patience is key in this business.
Amen to that!

All this chopping around and only 60 odd pips done, tsk.
  • #34,937
  • Mar 20, 2012 9:47am Mar 20, 2012 9:47am
Anyone eyeballing the AU long setup?
  • #34,938
  • Mar 20, 2012 10:20am Mar 20, 2012 10:20am
Quoting Trotty
Anyone eyeballing the AU long setup?
I noticed that, looks good, no trading for me until my tech issues are sorted.
  • #34,939
  • Mar 20, 2012 10:30am Mar 20, 2012 10:30am
You mean after this 4hr pin I assume. Looks good, but not a great time of the day to trade, could just consolidate here, though we may see some movement into US close.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie4hr.gif Size: 23 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #34,940
  • Mar 20, 2012 11:39am Mar 20, 2012 11:39am
Quoting Trader131
You mean after this 4hr pin I assume. Looks good, but not a great time of the day to trade, could just consolidate here, though we may see some movement into US close.
It sure does.......I got an eye on it.

I know the Euro gonna have an interesting afternoon if sellers don't get price under 1.3200.

HOLLA
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