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Trade what you see NOT what you expect

  • #1,261
  • Mar 6, 2009 3:26pm Mar 6, 2009 3:26pm
EO , If you please here is another chart showing what I think is the same type Price action you were using for scalping yesterday. the only difference is we aren't crossing the 50 or 35 ema.. But the tricker candle (circled in yellow )looks the same so the enteries would be the same as long as the tricker candle isn't broken.Is that correct ? and as the action is for a long Blue arrows are the enteries areas.correct ? This isn't the GBP/USD,, but was from today..15 min.


Thanks For Everything .. Ken
Attached Image (click to enlarge)
Click to Enlarge Name: more scalping confirmation.JPG Size: 59 KB
Good Trading To All ; Ken Lee
  • #1,262
  • Mar 6, 2009 3:28pm Mar 6, 2009 3:28pm
Quoting KENNETH lEE
EO , If you please here is another chart showing what I think is the same type Price action you were using for scalping yesterday. the only difference is we aren't crossing the 50 or 35 ema.. But the tricker candle (circled in yellow )looks the same so the enteries would be the same as long as the tricker candle isn't broken.Is that correct ? and as the action is for a long Blue arrows are the enteries areas.correct ? This isn't the GBP/USD,, but was from today..15 min.


Thanks For Everything .. Ken
Ken, I'll be on tonight to go over this chart. Right now, I'm following my last trade of the day and I have 32m left.
Just digging in the trenches like everyone else!
  • #1,263
  • Mar 6, 2009 3:32pm Mar 6, 2009 3:32pm
Quoting eohater
Ken, I'll be on tonight to go over this chart. Right now, I'm following my last trade of the day and I have 32m left.

No problem. never a rush.. Ken
Good Trading To All ; Ken Lee
  • #1,264
  • Mar 6, 2009 3:38pm Mar 6, 2009 3:38pm
Quoting KENNETH lEE
No problem. never a rush.. Ken
Appreciate that. I'm wanting to see if my long from 4050 gets to 4100 before my broker closes. I have 20m exactly to get my trade closed before my broker closes for the weekend.
Just digging in the trenches like everyone else!
  • #1,265
  • Mar 6, 2009 3:42pm Mar 6, 2009 3:42pm
I hope everyone did well today. I did better in the London session than I did the US Session. Didn't catch the drop myself. Been scalping since she stopped from her fall. Come on, 7 more pips and my trade will be closed out. Regardless, it'll be a positive trade.
Just digging in the trenches like everyone else!
  • #1,266
  • Mar 6, 2009 3:56pm Mar 6, 2009 3:56pm
Guys, closed my last position at 4090. Didn't get the 4100 I was looking for, but it was still positive pippage. Next week we will have new opportunities. I hope everyone has a great weekend, I'll be on tonight and over the weekend. I'll have some charts posted and the like.
Just digging in the trenches like everyone else!
  • #1,267
  • Mar 6, 2009 4:12pm Mar 6, 2009 4:12pm
Quoting eohater
I remember last year around July, someone came into the cable thread and said their wife said to short it to 1.5, at the time, we were around 1.96. He didn't listen to his wife either.
I guess we should all listen to our wives from time to time.

HOLLA
  • #1,268
  • Mar 6, 2009 4:17pm Mar 6, 2009 4:17pm
Looking at the h1 and h4 charts. It looks like a double bottom here.

Maybe we'll get a pop up Sunday if Obama doesn't figure out another industry to bail out.
Hi, my name is Barry and you can keep your doctor...
  • #1,269
  • Mar 6, 2009 4:57pm Mar 6, 2009 4:57pm
Quoting gammase1
Great thread, EO.

Cool to see many of the Cable thread "old boys" posting, the likes of Shilva, Turtle, Cisco and, of course, Infinity.

I will pop in and silently lurk from time to time, occasionally adding some value, if I can. I see it's a technical thread, which is your successful way of trading, so I'll keep any fundamental comments for the Cable thread. I won't clog up your thread.

Good luck, Paul
Sometimes I will place a lottery trade on a news releases.....

I love fundies!

How u calling "old".
  • #1,270
  • Mar 6, 2009 7:15pm Mar 6, 2009 7:15pm
Just a bigger view of that scalping chart.. In case you eed to see the lead into it.
Again no rush at all , have a nice weekend Ken
Attached Image (click to enlarge)
Click to Enlarge Name: more scalping confirmation.JPG Size: 182 KB
Good Trading To All ; Ken Lee
  • #1,271
  • Mar 7, 2009 10:21am Mar 7, 2009 10:21am
Hi Buddy How are you? Could you please let know what are your moving averages and what time frame you use? Nice analysis Thank you
Quoting KENNETH lEE
Just a bigger view of that scalping chart.. In case you eed to see the lead into it.
Again no rush at all , have a nice weekend Ken
BANDA333
  • #1,272
  • Mar 7, 2009 10:47am Mar 7, 2009 10:47am
Quoting BANDA
Hi Buddy How are you? Could you please let know what are your moving averages and what time frame you use? Nice analysis Thank you
From post 1 this thread.
15m:
10 ema, 21 ema, 35 sma and 50 ema

this is the 15 minute chart

I saw a bounce off the 50 EMA and 50%fib 50/50 next candle didn't make a new low. And see that as a controling PA candle till it is broken.. safer trades long with trend. Entering when price enters P/A candles wick (yellow circle)

This specualtive at this point Looks good but waiting on EO's input.. Ken
Good Trading To All ; Ken Lee
  • #1,273
  • Mar 7, 2009 11:06am Mar 7, 2009 11:06am
Hey buddy Thank you very much. Seems like nice weekend warmer today ........located 5 hours maybe from there ..... Thanks
Quoting KENNETH lEE
From post 1 this thread.
15m:
10 ema, 21 ema, 35 sma and 50 ema

this is the 15 minute chart

I saw a bounce off the 50 EMA and 50%fib 50/50 next candle didn't make a new low. And see that as a controling PA candle till it is broken.. safer trades long with trend. Entering when price enters P/A candles wick (yellow circle)

This specualtive at this point Looks good but waiting on EO's input.. Ken
BANDA333
  • #1,274
  • Edited 8:49pm Mar 7, 2009 11:09am | Edited 8:49pm
Quoting Shilva
Sometimes I will place a lottery trade on a news releases.....

I love fundies!

How u calling "old".
I hear ya, I also hate trading news/data releases and never attempt to do so...

Okay, we'll go for "wise" rather than "old".
  • #1,275
  • Mar 9, 2009 9:11am Mar 9, 2009 9:11am
Good Morning everyone! I've been away from my charts since Friday. Had a busy weekend and a meeting this morning. Looks like we've had some nice movements. I'll be reviewing my charts.
Just digging in the trenches like everyone else!
  • #1,276
  • Mar 9, 2009 9:43am Mar 9, 2009 9:43am
Took a long position at 3781 playing off the prior PA on the 15m. We'll see if it holds or breaks.
Just digging in the trenches like everyone else!
  • #1,277
  • Mar 9, 2009 10:05am Mar 9, 2009 10:05am
Quoting eohater
Took a long position at 3781 playing off the prior PA on the 15m. We'll see if it holds or breaks.
She's holding, but the question now is, how long? Hard to tell!
Just digging in the trenches like everyone else!
  • #1,278
  • Mar 9, 2009 10:09am Mar 9, 2009 10:09am
Morning EO. At this point it doesn't look like the sellers are willing to close their short positions yet.
Hi, my name is Barry and you can keep your doctor...
  • #1,279
  • Edited 10:13am Mar 9, 2009 10:12am | Edited 10:13am
Quoting cisco
Morning EO. At this point it doesn't look like the sellers are willing to close their short positions yet.
Morning Cisco! Yeah! The little buggers need to let go of their positions and send her back up to around 404x.
Just digging in the trenches like everyone else!
  • #1,280
  • Mar 9, 2009 10:24am Mar 9, 2009 10:24am
Did anyone get a position around 377x?
Just digging in the trenches like everyone else!
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