Trade what you see NOT what you expect | Page 1765 | 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

  • #35,281
  • Mar 30, 2012 1:13am Mar 30, 2012 1:13am
Quoting Trader131
Not me, Trotty. Though it was good for some decent pips. I was waiting for a deeper pullback after such a move- it's too near recent highs on daily for me to go long up here
Yep, agreed there mate, not a trade to hold but I will always play the "bounce" on those really heavy confluences. It's basically working on the priciple that there is too much going on there for a reaction not to be created, very much a scalp entry though at those highs.

When i've taken confluences of 4 or more factors, they very, very rarely fail to deliver at least 10-15 pips on the bounce.
  • #35,282
  • Mar 30, 2012 1:22am Mar 30, 2012 1:22am
Yes, I like those sort of trades too. You're right there's almost always a bounce of some sort. They're perfect when you're in front of the PC and quick to take profit- I'm sure there are traders that just make these sort of plays alone and do very well from it.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,283
  • Mar 30, 2012 1:44am Mar 30, 2012 1:44am
Quoting Trader131
Yes, I like those sort of trades too. You're right there's almost always a bounce of some sort. They're perfect when you're in front of the PC and quick to take profit- I'm sure there are traders that just make these sort of plays alone and do very well from it.
No doubt about it!

How's your week looking this week?
  • #35,284
  • Mar 30, 2012 1:55am Mar 30, 2012 1:55am
It's been a pretty so- so week for me. I'm pleased that I've held trades longer, but the environment- like yesterday (before the big push up!) was pretty choppy, so I ended up taking part profit then getting stopped out at BE. Didn't catch any big moves, so feeling a bit left behind at the bus stop! I have joined the bus again long on eur aussie and cable and just taken some profit so might be a good end to the week though it is the end of the month also so we need to be careful. how about you- I know you've been busy with work- but did the 4hr trades work out?
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,285
  • Mar 30, 2012 2:23am Mar 30, 2012 2:23am
Quoting Trader131
It's been a pretty so- so week for me. I'm pleased that I've held trades longer, but the environment- like yesterday (before the big push up!) was pretty choppy, so I ended up taking part profit then getting stopped out at BE. Didn't catch any big moves, so feeling a bit left behind at the bus stop! I have joined the bus again long on eur aussie and cable and just taken some profit so might be a good end to the week though it is the end of the month also so we need to be careful. how about you- I know you've been busy with work- but did the 4hr trades work out?
I think some of the ability that the likes of EO/Infinity built over time was to get a real feel for what sort of market lay ahead for the week/day/next few hours and were able to trade it with a kind of knowing that only years of practice allows you. It was probably even partially subconscious, they just had that ingrained feel for how to trade each portion of the day or week. Our challenge is to try and do the same at a more conscious level - not easy!!

My 4 hour trades were average as price has chopped around on most of the pairs this week. I am a couple % up on the week but not the sort of growth I can have on a good intraday week. It's been half out of my hands and half choice this week as I pulled together a very, very average week last week and have found the markets not playing too nicely at all of late. Sometimes, when trading isn't your sole source of income, you have to learn to sit it out for a while if you start to see your results being affected. I was taking some pretty ropey intraday setups so switched to H4 for a little while, which is an easier TF to trade, no question about it.
  • #35,286
  • Mar 30, 2012 2:48am Mar 30, 2012 2:48am
Quoting Trotty
I think some of the ability that the likes of EO/Infinity built over time was to get a real feel for what sort of market lay ahead for the week/day/next few hours and were able to trade it with a kind of knowing that only years of practice allows you. It was probably even partially subconscious, they just had that ingrained feel for how to trade each portion of the day or week. Our challenge is to try and do the same at a more conscious level - not easy!!

My 4 hour trades were average as price has chopped around on most of the pairs this week....
Yes, Eo and Infinity certainly had a rare quality and feel for the market, but in fairness, they also had bad days (maybe not weeks! but certainly days) like when EO talked about cable misbehaving and the 1hr 62 ema bounce not working so well. I remember Eo becoming more cautious when things didn't work so well eg waiting for confirmation before taking the 62ema bounce. I'm sure you have days when you feel like you've really got a handle on the markets, and everything seems to come together, but then there are days when the PA just doesn't work as well. Sometimes there can appear to be no explanation for the difference.

Nobody can expect to trade the markets perfectly all the time, and in Eo/Infinity's case they more than made up for it on the good days. That's all we have to try and emulate. We can only get better as we gain experience.

Longs looking good, taking some more off here
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,287
  • Mar 30, 2012 4:27am Mar 30, 2012 4:27am
Quoting Trader131
Yes, Eo and Infinity certainly had a rare quality and feel for the market, but in fairness, they also had bad days (maybe not weeks! but certainly days) like when EO talked about cable misbehaving and the 1hr 62 ema bounce not working so well. I remember Eo becoming more cautious when things didn't work so well eg waiting for confirmation before taking the 62ema bounce. I'm sure you have days when you feel like you've really got a handle on the markets, and everything seems to come together, but then there are days when the PA just doesn't work...
Good job on the longs 131 and Turtle. Too sunny for me to trade today
  • #35,288
  • Mar 30, 2012 5:08am Mar 30, 2012 5:08am
Good trading everyone...

Stopped in for a quick minute, about to head mobile.

And yes, EO, Infinity, Pippi had that great knack to know when to place trades, I even seen EO place a trade on a Friday 30 minutes before closing and still get 10 pips, he was always looking for the setup and really didn't care what time of the day it was.

That is why I'm glad I'm mobile with my laptop, I had been talking about it for a year or so and now glad I did it. I wouldn't been able to take those trades in the afternoon NY session back in the day.

Good luck today, end of month, let's see what kind of close we get.

HOLLA
  • #35,289
  • Mar 30, 2012 5:32am Mar 30, 2012 5:32am
Quoting Trader131

Nobody can expect to trade the markets perfectly all the time, and in Eo/Infinity's case they more than made up for it on the good days. That's all we have to try and emulate. We can only get better as we gain experience.
Amen to that. Happy Friday people!
  • #35,290
  • Mar 30, 2012 6:08am Mar 30, 2012 6:08am
Stopped out at BE on the rest of my Aussie long as she tested the bottom of the flag, still holding cable and Euro longs. I could have kept a wider stop, but it's Friday and the end of the month so not wanting to take any drawdown.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,291
  • Mar 30, 2012 8:28am Mar 30, 2012 8:28am
All positions stoppped at BE now, so that's me done for the week. Enjoy the weekend, guys!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #35,292
  • Mar 31, 2012 12:43am Mar 31, 2012 12:43am
Brother hustlin on the weekends....


DAMM......I got a flyer....ahhh sh-t!!!

HOLLA

P.S. Feels So Close......by Calvin Harris is hot!





http://sphotos.xx.fbcdn.net/hphotos-...02968812_n.jpg
  • #35,293
  • Mar 31, 2012 5:19am Mar 31, 2012 5:19am
Quoting Turtle
Brother hustlin on the weekends....


DAMM......I got a flyer....ahhh sh-t!!!

HOLLA

P.S. Feels So Close......by Calvin Harris is hot!





http://sphotos.xx.fbcdn.net/hphotos-...02968812_n.jpg
Your DJ name is DJ FX?

Sweet!
  • #35,294
  • Mar 31, 2012 9:19am Mar 31, 2012 9:19am
Quoting Trotty
Your DJ name is DJ FX?

Sweet!
Yeah bro, just came up with the name a couple of weeks ago.

Gonna talk to the boss tonight to see if he would let me have my laptop in the DJ booth and trade the 4HR 0800 candle during the week....

I'm starting to enjoy trading while not in the office.

HOLLA
  • #35,295
  • Mar 31, 2012 3:38pm Mar 31, 2012 3:38pm
Closed below my 100 monthly MA........Hang man or continuation with those candlesticks???

3rd week in a row with a bullish weekly.....1.3500 (peru line) is a mutil-year borderline, banging on that TL from 8/28/11...

HOLLA
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  • #35,296
  • Mar 31, 2012 3:41pm Mar 31, 2012 3:41pm
Daily above 100 day MA, and got a close above that TL from 10/27/11.

Makes you wonder......

HOLLA
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  • #35,297
  • Mar 31, 2012 3:42pm Mar 31, 2012 3:42pm
Quoting Turtle
Closed below my 100 monthly MA........Hang man or continuation with those candlesticks???

3rd week in a row with a bullish weekly.....1.3500 (peru line) is a mutil-year borderline, banging on that TL from 8/28/11...

HOLLA
Nice chart bro
I have a view but i prefer to wait till Monday to tell
  • #35,298
  • Mar 31, 2012 3:44pm Mar 31, 2012 3:44pm
Quoting Turtle
Daily above 100 day MA, and got a close above that TL from 10/27/11.

Makes you wonder......

HOLLA
Seems we have same passion about trading even@weekend
We are Nuts
  • #35,299
  • Mar 31, 2012 3:45pm Mar 31, 2012 3:45pm
Monthly bearish candle, banging on that TL from 10/1/08.

Weekly looking bearish....

Both still above my 100 MA's.

HOLLA
Attached Images
  • #35,300
  • Mar 31, 2012 3:48pm Mar 31, 2012 3:48pm
Got a close below my 100 and 200 Day MA's..

Small line going south.....

HOLLA
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