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Trade what you see NOT what you expect

  • #4,141
  • Mar 26, 2009 12:26am Mar 26, 2009 12:26am
Quoting Infinity
It is looking like it wants to go higher to find the sellers...
I know what you mean. I like it when we're already moving green after entry.
Just digging in the trenches like everyone else!
  • #4,142
  • Mar 26, 2009 12:32am Mar 26, 2009 12:32am
Quoting eohater
I know what you mean. I like it when we're already moving green after entry.
Green is good...
Patience + Discipline - Greed = Success
  • #4,143
  • Mar 26, 2009 2:54am Mar 26, 2009 2:54am
Morning David, Chaps

Looking a bit spiky on the top of this m15 fibo. I am waiting for the turn of the H1 or a puch to 14640 before taking a position. Bias to short from H1 50ema.

Al
Ride the Bulls bearback!
  • #4,144
  • Mar 26, 2009 2:58am Mar 26, 2009 2:58am
Quoting alcando
Morning David, Chaps

Looking a bit spiky on the top of this m15 fibo. I am waiting for the turn of the H1 or a puch to 14640 before taking a position. Bias to short from H1 50ema.

Al
That play looks good, just don't forget news in 90 minutes.

HOLLA
  • #4,145
  • Mar 26, 2009 3:01am Mar 26, 2009 3:01am
Quoting alcando
Morning David, Chaps

Looking a bit spiky on the top of this m15 fibo. I am waiting for the turn of the H1 or a puch to 14640 before taking a position. Bias to short from H1 50ema.

Al
Hi Alan

Trust you are well

My thoughts exactly I had 2 position open from 1.4590 and decided to close them as it struggling, I agree it looks like it might be turning around we shall have to wait and see, up 80 pips so far today, the market has been strange this week strong bias to the upside on Tuesday and then strong bias for most of the day to the downside yesterday until the early evening when it started to go back up.
  • #4,146
  • Mar 26, 2009 3:02am Mar 26, 2009 3:02am
Yes, Altho even if the news is in line with forecast, it is a really bad figure for UK. PA is indicating sellers here but the buy surges are a bit worrying still.

Quoting Turtle
That play looks good, just don't forget news in 90 minutes.

HOLLA
Ride the Bulls bearback!
  • #4,147
  • Mar 26, 2009 3:06am Mar 26, 2009 3:06am
Quoting alcando
Yes, Altho even if the news is in line with forecast, it is a really bad figure for UK. PA is indicating sellers here but the buy surges are a bit worrying still.
Yeah, I been watching that for about 35 minutes, surges of 20+ pips and then drip...drip, back down to the base area of 4590....

I'm on the sides and might go back to bed until the US session, want to see how this next 15 candle closes.

HOLLA
  • #4,148
  • Mar 26, 2009 3:12am Mar 26, 2009 3:12am
It is obvious why there are sellers here as it is the continuation bear flag fibo for the the tumble from 14775 and is a Resistance level combined with the ma confluence.

With the bleak picture painted by the failed gilt auction, and some potential bad data, I am inclined to believe there is likely to be some selling pressure at this level and the next 50% fib at 14640. Above that and I release my bias.

I took the short on the close of the hour on the 14610 level. Lets see if she does the business. The boost in equities may take her to a better level still tho.

That is a great avatar flag Davids. I may modify mine too and we can form an SA army Nice work on the 80.

Quoting davids
Hi Alan

Trust you are well

My thoughts exactly I had 2 position open from 1.4590 and decided to close them as it struggling, I agree it looks like it might be turning around we shall have to wait and see, up 80 pips so far today, the market has been strange this week strong bias to the upside on Tuesday and then strong bias for most of the day to the downside yesterday until the early evening when it started to go back up.
Ride the Bulls bearback!
  • #4,149
  • Mar 26, 2009 3:17am Mar 26, 2009 3:17am
I'm out......good people.........

Catch ya in the US session.

HOLLA
  • #4,150
  • Mar 26, 2009 3:17am Mar 26, 2009 3:17am
Quoting alcando
It is obvious why there are sellers here as it is the continuation bear flag fibo for the the tumble from 14775 and is a Resistance level combined with the ma confluence.

With the bleak picture painted by the failed gilt auction, and some potential bad data, I am inclined to believe there is likely to be some selling pressure at this level and the next 50% fib at 14640. Above that and I release my bias.

I took the short on the close of the hour on the 14610 level. Lets see if she does the business. The boost in equities may take her to a better...
Cheers Mate

Good luck with the trade Alan I am out of here until later see you all at the US session
  • #4,151
  • Mar 26, 2009 3:18am Mar 26, 2009 3:18am
Did anyone else get a message about posting abilities being suspended temporarily?

I just saw it from last night..but I guess everything is ok because I am posting
  • #4,152
  • Mar 26, 2009 3:22am Mar 26, 2009 3:22am
No mate. You been posting naked charts again...?

OK I am flat too. Closed it at BE. I'll just wait and see if the PA battle finds a winner.

Quoting rt4x
Did anyone else get a message about posting abilities being suspended temporarily?
Ride the Bulls bearback!
  • #4,153
  • Mar 26, 2009 3:44am Mar 26, 2009 3:44am
morning all, went long at open this 15m candle, but closed now for a few, this seems to be struggling abit
please DON'T copy my trades I am still learning
  • #4,154
  • Mar 26, 2009 3:50am Mar 26, 2009 3:50am
Quoting ezmystic
morning all, went long at open this 15m candle, but closed now for a few, this seems to be struggling abit
crap should've stayed in that one, oh well
please DON'T copy my trades I am still learning
  • #4,155
  • Mar 26, 2009 4:06am Mar 26, 2009 4:06am
I don't know if anyone got in short around 463x, but I did at 4632
Just digging in the trenches like everyone else!
  • #4,156
  • Mar 26, 2009 4:12am Mar 26, 2009 4:12am
Quoting eohater
I don't know if anyone got in short around 463x, but I did at 4632
Good job bro.

I got to the dance a little late. The band was already playing.
Hi, my name is Barry and you can keep your doctor...
  • #4,157
  • Mar 26, 2009 4:13am Mar 26, 2009 4:13am
Off to bed to get some sleep before the US Session. You guys grab some green pips while I sleep. You can see what Infinity and I were talking about 5 hours ago as to why I went short when I did. Not to mention we were above a pin on the 15m chart by only a few pips.
Just digging in the trenches like everyone else!
  • #4,158
  • Mar 26, 2009 4:14am Mar 26, 2009 4:14am
Quoting cisco
Good job bro.

I got to the dance a little late. The band was already playing.
Thanks!

I think she still has some dancing to do.
Just digging in the trenches like everyone else!
  • #4,159
  • Edited 4:27am Mar 26, 2009 4:20am | Edited 4:27am
EO, why did you short there when the todays high had just been broken?

Ahhh! i see , the 50sma on the 1hr was discussed earlier.

thanks
  • #4,160
  • Mar 26, 2009 4:38am Mar 26, 2009 4:38am
Nice entry EO. Thanks to your comments and previous analysis, I entered at 14631. Luffly now.


Quoting eohater
Off to bed to get some sleep before the US Session. You guys grab some green pips while I sleep. You can see what Infinity and I were talking about 5 hours ago as to why I went short when I did. Not to mention we were above a pin on the 15m chart by only a few pips.
Ride the Bulls bearback!
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