Trade what you see NOT what you expect | Page 1806 | 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

  • #36,101
  • Jun 13, 2012 6:45am Jun 13, 2012 6:45am
In long again on Euro, got a slightly lower entry than where I was stopped out. Seeing the 15min 21ma supporting price, doesn't look like much bear momentum. Entry at 30 with stop at 23
Attached Image (click to enlarge)
Click to Enlarge Name: eurr15.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,102
  • Jun 13, 2012 6:47am Jun 13, 2012 6:47am
Hi Passerby

I have tried a LOT of brokers! Best one by a MILE is: svsfx.com

You can trade microlots
Very good spreads
no re-quotes
no slippage even at news times
no commissions




Quoting Passerby
I think I have enough with this one, next week I will try to contact roboforex local representative. The actually have lower house commission, $3 per 1 standar lot compared to $5.3(I think, or it was 5.2). Tonight, I will open demo account and try their service for a few weeks to compare their spread and execution speed. Actually, I want to open mini account as they are swap free, but some broker have maximum limit on these account.

You could think that I was a bit stingy but I have a choice here, why not. Few pennies could be several hundred...
  • #36,103
  • Jun 13, 2012 7:02am Jun 13, 2012 7:02am
Taking half off here, +15 pips (better than 1:2 R/R), and near resistance
Attached Image (click to enlarge)
Click to Enlarge Name: eur15min1sttp.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,104
  • Jun 13, 2012 7:04am Jun 13, 2012 7:04am
SL to BE and time for lunch!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,105
  • Jun 13, 2012 7:44am Jun 13, 2012 7:44am
mmm... stopped out to the pip. I had a feeling I had moved my SL too soon, I should have kept it where it was in hindsight, but wanted to get some lunch, and not be tied to the PC. Oh well still at least it's not a loss
Attached Image (click to enlarge)
Click to Enlarge Name: eur15min.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,106
  • Jun 13, 2012 7:50am Jun 13, 2012 7:50am
Morning,

Took a short on the GU, away from the 15M 10 EMA at the touch at 58 and covered 1/2 at 48. S/L at 66 so B/E +1 on position. GU is looking weak compared to AU/EU today.

Attached Image

Attached Image
  • #36,107
  • Jun 13, 2012 7:58am Jun 13, 2012 7:58am
Morning Dharma,
Looks like you're back on a roll! Good to get covered, as you've got a few obstacles on the 1hr chart to get through that I'm sure you're aware of. Hope you have a better day today!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,108
  • Jun 13, 2012 8:04am Jun 13, 2012 8:04am
Quoting Trader131
Morning Dharma,
Looks like you're back on a roll! Good to get covered, as you've got a few obstacles on the 1hr chart to get through that I'm sure you're aware of. Hope you have a better day today!
I was planning to take the 1H 62 EMA touch but missed it. Yes, I prefer to get covered and then let 1/2 run.

I took a couple bonehead trades yesterday and then got shaken out on an AU long right before it really took off into the close.

Had a really good day on Monday so just need to keep my patience and discipline and the consistency will follow.
  • #36,109
  • Jun 13, 2012 8:12am Jun 13, 2012 8:12am
Quoting DharmaTrader
I was planning to take the 1H 62 EMA touch but missed it. Yes, I prefer to get covered and then let 1/2 run.

I took a couple bonehead trades yesterday and then got shaken out on an AU long right before it really took off into the close.

Had a really good day on Monday so just need to keep my patience and discipline and the consistency will follow.
You have a lower trendlline on the 1hr to get through too at about the 30 level (and the daily pivot, 50and 62ma's!), but euro and aussie are starting to weaken a little, so that should help.

I think you are always going to get trades when you are stopped out only to see it take off without you, no matter where you put it- that's just trading!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,110
  • Jun 13, 2012 8:14am Jun 13, 2012 8:14am
So much for the GU looking weaker...
  • #36,111
  • Jun 13, 2012 8:16am Jun 13, 2012 8:16am
Also been watching this TL on the AU 1H which has held for this entire bull move...

Attached Image


And the EU 1.2500 level looks like it would be a good resistance turned support level with the 1H 62 and the Weekly pivot confluence.

Attached Image
  • #36,112
  • Jun 13, 2012 8:27am Jun 13, 2012 8:27am
Quoting Trader131
Sorry to hear that, Forexforce. The methods in this thread are not easy to begin with. There is so much more to learn than just reading the pdf or even the thread. To start with avoid the CT trade, that should reduce your no. of trades significantly, but also increase your win rate. Set yourself a rule- that you will only trade long above the 15min 50ema and short below for instance (or the 1hr 50 if you prefer). Take the trades away from the ma's, not into them. One step at a time. Also get a simulator, and run it on past data, to build your confidence...
Thanks Trader131, I'll put ur suggestions into practice, and keep posting and learning this method, btw I'm using ForexTester2 simulator, and have a very profitable track record, wich somehow doesn't translate into the live market, probably because of speed issues...but again, ur tips helped a lot.
  • #36,113
  • Jun 13, 2012 8:33am Jun 13, 2012 8:33am
Morning Dharma,

I close my long several minutes after the news right in the middle of the long candle up. Load some short and add another after it looks like revisit of the broken neckline.

We have support near fib, this one is strong but I think I will be just fine with my short.
Attached Image (click to enlarge)
Click to Enlarge Name: position building.gif Size: 22 KB
  • #36,114
  • Jun 13, 2012 8:38am Jun 13, 2012 8:38am
Quoting ForexForce
Thanks Trader131, I'll put ur suggestions into practice, and keep posting and learning this method, btw I'm using ForexTester2 simulator, and have a very profitable track record, wich somehow doesn't translate into the live market, probably because of speed issues...but again, ur tips helped a lot.
No problem, glad to help. Good luck with it!
Dharma, thanks for the heads up on Aussie, I just bought the 1hr 62ema for a bounce at 16
Attached Image (click to enlarge)
Click to Enlarge Name: eur15min.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,115
  • Jun 13, 2012 8:38am Jun 13, 2012 8:38am
on Euro..
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,116
  • Jun 13, 2012 8:39am Jun 13, 2012 8:39am
Cross my finger and enter another short. Still looking for TP.
Attached Image (click to enlarge)
Click to Enlarge Name: position building.gif Size: 23 KB
  • #36,117
  • Jun 13, 2012 8:42am Jun 13, 2012 8:42am
This is a great thread, some great traders and knowledge within, would love you all to check out my videos in my journal, just starting to post more and get more into the site, it is very rewarding.

Here's the journal link:-

http://www.forexfactory.com/showthread.php?t=367277
  • #36,118
  • Jun 13, 2012 8:44am Jun 13, 2012 8:44am
Quoting Passerby
Cross my finger and enter another short. Still looking for TP.
Looks like you are shorting right at the 15m 50EMA area and just above the major confluence at 2510 or so. Personally, I would have been looking to cover 1/2 of your first short where you added to the position.
  • #36,119
  • Jun 13, 2012 8:45am Jun 13, 2012 8:45am
Just taken a quick 12pips on half Sl to -8
Attached Image (click to enlarge)
Click to Enlarge Name: eur15min.gif Size: 19 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #36,120
  • Jun 13, 2012 8:45am Jun 13, 2012 8:45am
Quoting Trader131
No problem, glad to help. Good luck with it!
Dharma, thanks for the heads up on Aussie, I just bought the 1hr 62ema for a bounce at 16
In looking at the EU 1H 62 again the only thing I'm not sure about is the flatness of it. I need to review but seem to recall that the angle should be steep when taking the touch trade. Of course you have the other support just under your entry point as well...
9 traders viewing now