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Trade what you see NOT what you expect

  • #6,781
  • Apr 9, 2009 6:33am Apr 9, 2009 6:33am
Good morning to all..
Looking at the 4H, she's been ranging beautifully between the 23.6 and 38.2 of the last up move. The BoE release has not done much...we'll see if the red reports at 8:30 est will tickle our candles to lead the way and breakout..
Well....we have a nice 15m close !!!

ps. did i mention ranging for DAYS ?!?!?!?!
  • #6,782
  • Apr 9, 2009 6:57am Apr 9, 2009 6:57am
Question for Pippinole..
I understand you have been trading another pair besides this one...may I ask which one and do you trade it using this style of PA, candles and MA's?
  • #6,783
  • Apr 9, 2009 7:06am Apr 9, 2009 7:06am
did anyone go long on the inverted hammer pair on the 15M?

I was initially undecided whether it was a rejection of the MA or a trend change, but, the combination of it not hitting the low of the last pin, and that the second inverted hammer closed green, and the close was higher than the previous candle (which suggests to me, yes, there were sellers that entered, but, buyers were still able to make progress), and that the wick of the second inverted reached higher than the previous (again, an indicator that buyers made progress, and sellers had to work harder), gave me confidence enough to enter long at 4643.
  • #6,784
  • Apr 9, 2009 7:12am Apr 9, 2009 7:12am
Quoting daffy
did anyone go long on the inverted hammer pair on the 15M?

I was initially undecided whether it was a rejection of the MA or a trend change, but, the combination of it not hitting the low of the last pin, and that the second inverted hammer closed green, and the close was higher than the previous candle (which suggests to me, yes, there were sellers that entered, but, buyers were still able to make progress), and that the wick of the second inverted reached higher than the previous (again, an indicator that buyers made progress, and sellers had...
Good play....

HOLLA
  • #6,785
  • Apr 9, 2009 7:39am Apr 9, 2009 7:39am
still with my 2 shorts
When life gives you lemons, make lemonade
  • #6,786
  • Apr 9, 2009 7:42am Apr 9, 2009 7:42am
Attached Image
When life gives you lemons, make lemonade
  • #6,787
  • Apr 9, 2009 7:49am Apr 9, 2009 7:49am
i think she is kissing 1.47 good bye and 1.47 is telling her okay now ride down and take care
When life gives you lemons, make lemonade
  • #6,788
  • Apr 9, 2009 7:58am Apr 9, 2009 7:58am
she ate my first short at BE
errr
When life gives you lemons, make lemonade
  • #6,789
  • Edited 8:09am Apr 9, 2009 7:58am | Edited 8:09am
Quoting rt4x
Question for Pippinole..
I understand you have been trading another pair besides this one...may I ask which one and do you trade it using this style of PA, candles and MA's?

I don't think Pipin Ol'e is available this morning, errands.. But it isn't any secret if you look back in the thread. He and I both trade the Eur/Jpy, and yes using everything taught here. We just don't discusse it as to not contaiment the thread with to much information. Better to keep on topic or people don't know which pair your talking about. But like any strategy once you understand it you cna start to look for other pairs it works on..

At times one will do better than the other. E/J is really good for the start of the asian session of course. being a yen cross. anyway there you go..

Happy Pre-Friday to all Ken
Good Trading To All ; Ken Lee
  • #6,790
  • Apr 9, 2009 8:04am Apr 9, 2009 8:04am
Quoting KENNETH lEE
I don't think Pipin Ol'e is available this morning, errands.. But it isn't any secret if you look back in the thread. He and I both trade the Eur/Jpy, and yes using everything taught here. We just don't discusse it as to not contaiment the thread with to much information. Better to keep on topic or people don't know which pair your talking about. But like any strategy once you understand it you cna start to look for other pairs it works on..

At times one will do better than the other. E/J is really good for the start of the asian session of course....
I second that with the EJ.

Gotta run, catch ya at the London close.

HOLLA
  • #6,791
  • Apr 9, 2009 8:25am Apr 9, 2009 8:25am
Just a fundamental note to note. Wells Fargo reported very good results on the hour. As the performance of the £ is closely linked to the dilemna and performance of the banks, she seems to be benefiting from the strength of all the banks since those results came out. All the bank shares have popped too.

Nice to see some strength in the £ again and with all the nerves wrt to the bank statement out of the way, we may get to see the bullish patterns play out now. I went long on 14635 and altho it is on half, I would like to visit Micho at the top there with it sometime.

I might look for longs later for the snack shots.
Ride the Bulls bearback!
  • #6,792
  • Apr 9, 2009 9:08am Apr 9, 2009 9:08am
seems volume is a bit thin on the ground, don't think I'll trade anymore today unless something happens. All greened anyway so all good
please DON'T copy my trades I am still learning
  • #6,793
  • Apr 9, 2009 9:15am Apr 9, 2009 9:15am
Quoting alcando
Just a fundamental note to note. Wells Fargo reported very good results on the hour. As the performance of the £ is closely linked to the dilemna and performance of the banks, she seems to be benefiting from the strength of all the banks since those results came out. All the bank shares have popped too.

Nice to see some strength in the £ again and with all the nerves wrt to the bank statement out of the way, we may get to see the bullish patterns play out now. I went long on 14635 and altho it is on half, I would...
Good price.... I have longs at 4650 that I took some profit on already and covered... playing the range for the time being.. but taking mostly longs...
Patience + Discipline - Greed = Success
  • #6,794
  • Apr 9, 2009 9:19am Apr 9, 2009 9:19am
Quoting KENNETH lEE
I don't think Pipin Ol'e is available this morning, errands.. But it isn't any secret if you look back in the thread. He and I both trade the Eur/Jpy, and yes using everything taught here. We just don't discusse it as to not contaiment the thread with to much information. Better to keep on topic or people don't know which pair your talking about. But like any strategy once you understand it you cna start to look for other pairs it works on..

At times one will do better than the other. E/J is really good for the start of the asian session of course....
What he said. I think I might hire him for public relations. Na, he is probably too expensive.
  • #6,795
  • Apr 9, 2009 9:34am Apr 9, 2009 9:34am
Thanks, yes had to BE a few times to get it..
I have taken half off covered at +10 and will leave her as I cant trade further today. Longs always battle but hopefully we see some more. Oh well, Babysitting my one year old now and it is a lot more fun. Have a Happy Easter weekend guys. Don't fall down and hurt yourselves when you party on.
c ya.

Quoting Infinity
Good price.... I have longs at 4650 that I took some profit on already and covered... playing the range for the time being.. but taking mostly longs...
Ride the Bulls bearback!
  • #6,796
  • Apr 9, 2009 9:37am Apr 9, 2009 9:37am
Quoting alcando
Thanks, yes had to BE a few times to get it..
I have taken half off covered at +10 and will leave her as I cant trade further today. Longs always battle but hopefully we see some more. Oh well, Babysitting my one year old now and it is a lot more fun. Have a Happy Easter weekend guys. Don't fall down and hurt yourselves when you party on.
c ya.

Have a great easter and don't steal all the babys candy.. Cheers
Good Trading To All ; Ken Lee
  • #6,797
  • Apr 9, 2009 9:42am Apr 9, 2009 9:42am
Quoting alcando
Thanks, yes had to BE a few times to get it..
I have taken half off covered at +10 and will leave her as I cant trade further today. Longs always battle but hopefully we see some more. Oh well, Babysitting my one year old now and it is a lot more fun. Have a Happy Easter weekend guys. Don't fall down and hurt yourselves when you party on.
c ya.
Take care bro!
Patience + Discipline - Greed = Success
  • #6,798
  • Apr 9, 2009 9:42am Apr 9, 2009 9:42am
actually... now that you mention it thats exactly what I am doing while her mum is at work. a small nibble for her and a big bite for me... she doesn't seem to mind...
Quoting KENNETH lEE
Have a great easter and don't steal all the babys candy.. Cheers
Ride the Bulls bearback!
  • #6,799
  • Apr 9, 2009 9:55am Apr 9, 2009 9:55am
Quoting micho
i think she is kissing 1.47 good bye and 1.47 is telling her okay now ride down and take care
now just one short open from 1.4875, other one at 1.4724 got stopped at BE sadly... but its my mistake shouldn't have set the BE
When life gives you lemons, make lemonade
  • #6,800
  • Apr 9, 2009 10:01am Apr 9, 2009 10:01am
Now Maybe 1.47 One Last Time And Then Down
When life gives you lemons, make lemonade
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