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Trade what you see NOT what you expect

  • #121
  • Dec 28, 2008 2:27pm Dec 28, 2008 2:27pm
Quoting swap
Hi eo,

just dropping by to see what's new.

That looks like a H&S forming on the daily but there isn't much room after the break of the neckline to the trendline. Heck we could even be stuck in that ~1000 pip trading range around 1.46 to 1.56 which would be awesome as well.

Let's see what 2009 brings huh.
You have a nice looking chart there and an even better mindset! Being ready to trade whatever she presents is what it's all about. That is exactly why I started my thread.

I'm currently looking at this for the opening. A gap up and key levels of 4660 and 1h 50/62 for shorting. I'm not too sold on going short right out of the gate at 4660 because of the movement this weekend. Although, it might be a place that I'll consider building a short position from up to the 1h 50/62. This weekend, I saw price yesterday at 4759 around the 1h 50/62 area and last I looked we were at 4630. I'm not setting any PO's at this time, but once we open, if I'm home, I'll be looking at the prices to see how things are developing.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #122
  • Dec 28, 2008 8:50pm Dec 28, 2008 8:50pm
Quoting eohater
You have a nice looking chart there and an even better mindset! Being ready to trade whatever she presents is what it's all about. That is exactly why I started my thread.

I'm currently looking at this for the opening. A gap up and key levels of 4660 and 1h 50/62 for shorting. I'm not too sold on going short right out of the gate at 4660 because of the movement this weekend. Although, it might be a place that I'll consider building a short position from up to the 1h 50/62. This weekend, I saw price yesterday at 4759 around the 1h 50/62...
Took that short from 4730 off of that 1h 50, took some profit @ 4710, because that 15m candle at 9:15pm est, looked like she might bounce, with these thin markets.

Lock in the rest @+2, let's see where she goes!

HOLLA
  • #123
  • Dec 28, 2008 9:38pm Dec 28, 2008 9:38pm
Quoting Turtle
Took that short from 4730 off of that 1h 50, took some profit @ 4710, because that 15m candle at 9:15pm est, looked like she might bounce, with these thin markets.

Lock in the rest @+2, let's see where she goes!

HOLLA
Excellent trade brother! I had two orders filled. One at 4700 and the other at 4725 for a blended price of 47125. I've closed out 2 lots for 15 and the remaining 2 are at +2 SL. She could go back up and then fall some more, who knows, for now I'm happy!
Just digging in the trenches like everyone else!
  • #124
  • Dec 28, 2008 9:48pm Dec 28, 2008 9:48pm
Quoting eohater
Excellent trade brother! I had two orders filled. One at 4700 and the other at 4725 for a blended price of 47125. I've closed out 2 lots for 15 and the remaining 2 are at +2 SL. She could go back up and then fall some more, who knows, for now I'm happy!
I hear bro.......

Good trading.......

I thought about putting some on at 4700, but just wanted a higher price.

She could go back up, and if so I look for another entree, but I'm locked and happy, so no pressure.

HOLLA
  • #125
  • Dec 28, 2008 9:49pm Dec 28, 2008 9:49pm
Quoting Turtle
I hear bro.......

Good trading.......

I thought about putting some on at 4700, but just wanted a higher price.

She could go back up, and if so I look for another entree, but I'm locked and happy, so no pressure.

HOLLA
I didn't have much time once we opened. Family time, bath night with the kids. I just threw some PO's on and walked away. I still have some higher up around the 1h 62 that I've adjusted. Family time is about over. You going to be on for a while?
Just digging in the trenches like everyone else!
  • #126
  • Dec 28, 2008 9:57pm Dec 28, 2008 9:57pm
Quoting eohater
I didn't have much time once we opened. Family time, bath night with the kids. I just threw some PO's on and walked away. I still have some higher up around the 1h 62 that I've adjusted. Family time is about over. You going to be on for a while?

I just happen to be at my laptop, when price hit. Nice PO's for a Sunday night!

I'll be up for at least until midnight!!

HOLLA
  • #127
  • Dec 28, 2008 10:35pm Dec 28, 2008 10:35pm
Quoting Turtle
I just happen to be at my laptop, when price hit. Nice PO's for a Sunday night!

I'll be up for at least until midnight!!

HOLLA
Wife is calling bro........

I'll catch ya at the NY session!

HOLLA
  • #128
  • Dec 28, 2008 10:56pm Dec 28, 2008 10:56pm
Quoting eohater
Excellent trade brother! I had two orders filled. One at 4700 and the other at 4725 for a blended price of 47125. I've closed out 2 lots for 15 and the remaining 2 are at +2 SL. She could go back up and then fall some more, who knows, for now I'm happy!
Closed one out at 4651. The other at +25 now SL.
Just digging in the trenches like everyone else!
  • #129
  • Dec 29, 2008 1:09am Dec 29, 2008 1:09am
Quoting eohater
Closed one out at 4651. The other at +25 now SL.
Holding zero positions currently. My last short has been closed out. I have another PO short set around the 1h 62 at 4750. She has the makings of a double bottom around 4655 which concerns me. She could play out and make a higher high, fall back down but not make a lower low, then continue back northbound. Please understand I'm talking from the current session were in to the close of the US Session.
Just digging in the trenches like everyone else!
  • #130
  • Dec 29, 2008 7:32am Dec 29, 2008 7:32am
Quoting eohater
.... I have another PO short set around the 1h 62 at 4750. ...
TP at 4600
Just digging in the trenches like everyone else!
  • #131
  • Dec 29, 2008 8:46am Dec 29, 2008 8:46am
Quoting eohater
TP at 4600
Nice ride bro.......

Took a long @ 4602, TP @ 4630.

She had look to be struggling, will wait for another seat!

HOLLA
  • #132
  • Dec 29, 2008 9:01am Dec 29, 2008 9:01am
Quoting Turtle
Nice ride bro.......

Took a long @ 4602, TP @ 4630.

She had look to be struggling, will wait for another seat!

HOLLA
Thanks bro!

I just jumped in myself at 4605 looking a little higher though. 4650-4670 area.
Just digging in the trenches like everyone else!
  • #133
  • Dec 29, 2008 9:06am Dec 29, 2008 9:06am
Quoting eohater
Thanks bro!

I just jumped in myself at 4605 looking a little higher though. 4650-4670 area.
Nice bro...I hope you get it.

That's where I'm looking for a short (4650-4670)

HOLLA
  • #134
  • Dec 29, 2008 9:14am Dec 29, 2008 9:14am
Quoting Turtle
Nice bro...I hope you get it.

That's where I'm looking for a short (4650-4670)

HOLLA
Exactly! That's what I'm looking at as well. Ride her up and then back down. I would like to see her go to the 15m 50ema
Just digging in the trenches like everyone else!
  • #135
  • Dec 29, 2008 9:21am Dec 29, 2008 9:21am
Quoting eohater
...I just jumped in myself at 4605 looking a little higher though. 4650-4670 area.
DAMMIT! Greed got the best of me. Closed out for +2 when I could of had +25. Next seat please!
Just digging in the trenches like everyone else!
  • #136
  • Dec 29, 2008 9:22am Dec 29, 2008 9:22am
Quoting eohater
Exactly! That's what I'm looking at as well. Ride her up and then back down. I would like to see her go to the 15m 50ema
That would be beautiful.........

You got the 15m 50, 1h 10, 4h 5/10 all right there

Let's see how she rides!!!

HOLLA
  • #137
  • Dec 29, 2008 9:23am Dec 29, 2008 9:23am
Quoting Turtle
That would be beautiful.........

You got the 15m 50, 1h 10, 4h 5/10 all right there

Let's see how she rides!!!

HOLLA
She's falling harder right now than a 3 year old on the playground!
Just digging in the trenches like everyone else!
  • #138
  • Dec 29, 2008 9:29am Dec 29, 2008 9:29am
Quoting eohater
She's falling harder right now than a 3 year old on the playground!
Yep.....got slapped hard....miss the entry, on the phone with my Grandma's caregiver.

Will wait for another seat!

HOLLA
  • #139
  • Dec 29, 2008 9:31am Dec 29, 2008 9:31am
Quoting Turtle
Yep.....got slapped hard....miss the entry, on the phone with my Grandma's caregiver.

Will wait for another seat!

HOLLA
Hope your Grandma is good!

Now, it's time to look for a new long order!
Just digging in the trenches like everyone else!
  • #140
  • Dec 29, 2008 9:37am Dec 29, 2008 9:37am
Quoting eohater
Hope your Grandma is good!

Now, it's time to look for a new long order!
Thanks man, she's doing good, just getting an update!

So let's see how this London fix plays out!!! :nerd:

HOLLA
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