Trade what you see NOT what you expect | Page 489 | Forex Factory

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Trade what you see NOT what you expect

  • #9,761
  • Apr 23, 2009 3:10pm Apr 23, 2009 3:10pm
Quoting PippiNole
Your mistress is a soccer team??? That doesn't sound like a ladies man to me.
Guilty as charged....
Patience + Discipline - Greed = Success
  • #9,762
  • Apr 23, 2009 3:12pm Apr 23, 2009 3:12pm
Why I'm not too bullish yet....
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 24 KB
Patience + Discipline - Greed = Success
  • #9,763
  • Apr 23, 2009 3:13pm Apr 23, 2009 3:13pm
Ok, one of you runs around naked and the other has a soccer team for a mistress. What is this thread coming too?
  • #9,764
  • Apr 23, 2009 3:14pm Apr 23, 2009 3:14pm
I'm wondering if eu will close above the daily 50ema... the weekly is looking like a hammer....
Patience + Discipline - Greed = Success
  • #9,765
  • Apr 23, 2009 3:15pm Apr 23, 2009 3:15pm
Got to go. Be back for the Asian open. Have a good one everybody.
  • #9,766
  • Apr 23, 2009 3:16pm Apr 23, 2009 3:16pm
Quoting PippiNole
Got to go. Be back for the Asian open. Have a good one everybody.
Have a good one bro...!
Patience + Discipline - Greed = Success
  • #9,767
  • Apr 23, 2009 3:18pm Apr 23, 2009 3:18pm
Quoting Infinity
I'm wondering if eu will close above the daily 50ema... the weekly is looking like a hammer....
Yes Cable as well.......i cant understand the BULLISH SENTIMENT in Cable,after the BUDGET.....BUT i think Proffesional Money SOLD CABLE from Last Thursday,and took Profits into the NEWS...
But i am ONLY a WEE trader....

baz
  • #9,768
  • Apr 23, 2009 3:22pm Apr 23, 2009 3:22pm
Here is the current H4 USDLFX chart.

With such a strong downtrend, I think any trade other than a long is risky. I think there is scope for further down movement, and we could even get to the lower red line.

It's also worth checking out the USDCHF chart. The Swiss bank have said that they will sell foreign currency to weaken the CHF, in order to avoid deflation. Previous interventions have occurred, but these were not known about at the time, however, the bank recently announced this as policy.

It sounds an awful lot like the position the UK was in when it was part of the European Exchange Rate Mechanism. The UK was obliged to keep Sterling within upper and lower limits against a basket of currencies, and Soros bet the Bank of England would run out of reserves before the market would, and we know who was right.
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  • #9,769
  • Apr 23, 2009 3:22pm Apr 23, 2009 3:22pm
Quoting baz
Yes Cable as well.......i cant understand the BULLISH SENTIMENT in Cable,after the BUDGET.....BUT i think Proffesional Money SOLD CABLE from Last Thursday,and took Profits into the NEWS...
But i am ONLY a WEE trader....

baz
Crazy stuff going on.....Here's the daily eu....
Attached Image
Patience + Discipline - Greed = Success
  • #9,770
  • Apr 23, 2009 3:23pm Apr 23, 2009 3:23pm
Quoting daffy
Here is the current H4 USDLFX chart.

With such a strong downtrend, I think any trade other than a long is risky....

Where is SOROs when we need him ....


baz
  • #9,771
  • Apr 23, 2009 3:24pm Apr 23, 2009 3:24pm
We're sitting right on the 50 fib retracement of the last downleg
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Hi, my name is Barry and you can keep your doctor...
  • #9,772
  • Apr 23, 2009 3:37pm Apr 23, 2009 3:37pm
wow $ got a kicking today across the board Eu looks like it might be easing slightly i noticed the last time the stochs held so long in the overbought area (on the 15min) was right before a big rally from 1.3179 - 1.3390
  • #9,773
  • Apr 23, 2009 3:42pm Apr 23, 2009 3:42pm
a chart of GBP LFX

weekly ascending triangle.

anyone dare to sell the £ and hold the trade after seeing this?
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Click to Enlarge Name: pound.JPG Size: 91 KB
  • #9,774
  • Apr 23, 2009 4:14pm Apr 23, 2009 4:14pm
Cable got me today and I'm not to happy about it.

Time to drink some beers...catch ya'll later.

HOLLA
  • #9,775
  • Apr 23, 2009 4:15pm Apr 23, 2009 4:15pm
Quoting ezodisy
a chart of GBP LFX

weekly ascending triangle.

anyone dare to sell the £ and hold the trade after seeing this?
Patience + Discipline - Greed = Success
  • #9,776
  • Apr 23, 2009 4:16pm Apr 23, 2009 4:16pm
Quoting Infinity
I knew I wouldn't be the only one!
Just digging in the trenches like everyone else!
  • #9,777
  • Apr 23, 2009 4:17pm Apr 23, 2009 4:17pm
Quoting Turtle
Cable got me today and I'm not to happy about it.

Time to drink some beers...catch ya'll later.

HOLLA
Sorry to hear that bro!.. consider it a loan.....Have a good one...
Patience + Discipline - Greed = Success
  • #9,778
  • Apr 23, 2009 4:19pm Apr 23, 2009 4:19pm
Quoting eohater
I knew I wouldn't be the only one!
I shorted at 4734... took some profit at the 10ema....I may be stopped out on the remainder... I will evaluate this bounce off the 10ema...
Patience + Discipline - Greed = Success
  • #9,779
  • Apr 23, 2009 4:21pm Apr 23, 2009 4:21pm
friends!!
in EU @ daily chart i draw Fibo from high 13 april to low 20 april and i got 1.3145 @ fibo 50% and in a same time price rech 50 ema .. can i take sale based on 50 50 trade ??
Never sell @ lower upward channel unless breacked and vise versa .
  • #9,780
  • Apr 23, 2009 4:29pm Apr 23, 2009 4:29pm
Quoting WedWed
friends!!
in EU @ daily chart i draw Fibo from high 13 april to low 20 april and i got 1.3145 @ fibo 50% and in a same time price rech 50 ema .. can i take sale based on 50 50 trade ??
I basiclly have been using it on the 15 min and generally there is a trigger that shows up there also. I don't use this strategy to trade dailly charts. Just use them to see areas of interest. and possible turning points.
Good Trading To All ; Ken Lee
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