If GBP/USD break 1,4850 level, then we have short, if he don't break 1,4850 we have up trend. Level 1,4850 is H3 breakout.
Trade what you see NOT what you expect
- #10,842
- May 1, 2009 8:26am May 1, 2009 8:26am
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
Wow, what a great start to the day. I shorted at 1.4933 (red x on chart) and set a TP for 1.4850.
Damned if she didn't hit it!
I love this job!
Damned if she didn't hit it!
I love this job!
Hi, my name is Barry and you can keep your doctor...
- #10,843
- May 1, 2009 8:28am May 1, 2009 8:28am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
If GBP/USD break 1,4850 level, then we have short, if he don't break 1,4850 we have up trend. Level 1,4850 is H3 breakout.
Your 4850 price is where our 15m 35/50 are at. There will be buyers coming into the market from 4850 to 4830. I'm not discounting that a short position might be the position to have, but I'm doubting your entering short because of a "break" of 4850.
Just digging in the trenches like everyone else!
- #10,844
- May 1, 2009 8:29am May 1, 2009 8:29am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #10,845
- May 1, 2009 8:29am May 1, 2009 8:29am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Wow, what a great start to the day. I shorted at 1.4933 (red x on chart) and set a TP for 1.4850.
Damned if she didn't hit it!
I love this job!
Just digging in the trenches like everyone else!
- #10,846
- May 1, 2009 8:31am May 1, 2009 8:31am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
If GBP/USD break 1,4850 level, then we have short, if he don't break 1,4850 we have up trend. Level 1,4850 is H3 breakout.
It also coresponds with the 10 sma 1 hr, the 35/50 ma's on the 15 min . Both of which we veiw as a change of direction with this strategy.. All knowledge is good. Knowing what other traders might be using to take trades can only help us.
Good Trading To All ; Ken Lee
- #10,847
- May 1, 2009 8:31am May 1, 2009 8:31am
Your 4850 price is where our 15m 35/50 are at. There will be buyers coming into the market from 4850 to 4830. I'm not discounting that a short position might be the position to have, but I'm doubting your entering short because of a "break" of 4850.
Do you think this Double top on 1H is expired already?
- #10,848
- May 1, 2009 8:34am May 1, 2009 8:34am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #10,849
- May 1, 2009 8:35am May 1, 2009 8:35am
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
Excellent job bro! Same short I took. You got your entry 5 pips better than mine though and I still have 1 runner on the table covered at +25.
These last 2 days have been especially good for me and I feel like dancing a jig!
Hi, my name is Barry and you can keep your doctor...
- #10,850
- May 1, 2009 8:36am May 1, 2009 8:36am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
I figured if price made it to 1.4850 it would hang around there until the 10:00 news, but like you, I have a small runner still going.
These last 2 days have been especially good for me and I feel like dancing a jig!
Just digging in the trenches like everyone else!
- #10,851
- May 1, 2009 8:39am May 1, 2009 8:39am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Your 4850 price is where our 15m 35/50 are at. There will be buyers coming into the market from 4850 to 4380. I'm not discounting that a short position might be the position to have, but I'm doubting your entering short because of a "break" of 4850.
Good Trading To All ; Ken Lee
- #10,852
- May 1, 2009 8:41am May 1, 2009 8:41am
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
Excellent! I'll dance with you!
Hi, my name is Barry and you can keep your doctor...
- #10,853
- May 1, 2009 8:43am May 1, 2009 8:43am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
What really tickles these old bones is the fact that I managed to recoup last week's losses and still hit this week's goal.
That is outstandling... Great Job... Gives hope to the rest of us..
Good Trading To All ; Ken Lee
- #10,854
- May 1, 2009 8:45am May 1, 2009 8:45am
Thanks again nAVIN... I just found your journal so I will keep you offer in mind.
Thanks to everyone for sharing your wisdom,, now lets learn some more
Thanks to everyone for sharing your wisdom,, now lets learn some more
dont worry joining this thread will certainly help and if u want me to explain a few things..post in my journal and i will be happy to try with a chart why wantever happened..or try at least
trading is complicated make no doubt it 95% lose
- #10,855
- May 1, 2009 8:45am May 1, 2009 8:45am
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
That is outstandling... Great Job... Gives hope to the rest of us..
How's the weather in KW?
Hi, my name is Barry and you can keep your doctor...
- #10,856
- May 1, 2009 8:49am May 1, 2009 8:49am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Thank you, kind sir.
How's the weather in KW?
Another Chamber of Commerce day.. Sunny Warm with a slight breeze.. Gets a bit boring at times. Nice freeze would be nice huddle by the fire
Good Trading To All ; Ken Lee
- #10,857
- May 1, 2009 8:51am May 1, 2009 8:51am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
For someone who doesn't use fibs.. Your 4830 is dead on the 61.8% line.. All ways amazing how the ma's and fibs line up, the 50 ema was right on the 50% fib.
Guys, I'm busy in the office today, so I won't be on the forum much til this afternoon. Wear your bullet proof vests and trade well today!
Just digging in the trenches like everyone else!
- #10,858
- May 1, 2009 8:59am May 1, 2009 8:59am
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Your 4850 price is where our 15m 35/50 are at. There will be buyers coming into the market from 4850 to 4830. I'm not discounting that a short position might be the position to have, but I'm doubting your entering short because of a "break" of 4850.
I hope some of you followed the system and did the cross and reverse order and didn't sell it at the bottom. I'm not discounting a short opportunity, I'm short, but I was discounting shorting it at 4850. My short is from much higher up.
Just digging in the trenches like everyone else!
- #10,859
- May 1, 2009 9:00am May 1, 2009 9:00am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
I just wanted to add , For those who haven't been trading long . That one day can make such a huge difference in your trading. It is like the light gets flipped on. But just is sad or worst is when it gets flipped back off.. LOL emotional roller coaster..
But this thread is full of some of the best information going. The only hard part which will take some time is the location of the patterns in relationship to the ma's. It will take time to know what looks like a great entry signal wasn't because of where it formed in relation to the ma's. Plus we will always have 1 or 2 that don't workout. Some times might get the 3 out of ten that don't work in a row. So don't be discouraged. Just keep on pushing the button.
Trade Well
But this thread is full of some of the best information going. The only hard part which will take some time is the location of the patterns in relationship to the ma's. It will take time to know what looks like a great entry signal wasn't because of where it formed in relation to the ma's. Plus we will always have 1 or 2 that don't workout. Some times might get the 3 out of ten that don't work in a row. So don't be discouraged. Just keep on pushing the button.
Trade Well
Good Trading To All ; Ken Lee
- #10,860
- May 1, 2009 9:18am May 1, 2009 9:18am
- | Joined May 2007 | Status: Trader | 4,716 Posts
Hope everyone is doing well today.
HOLLA
HOLLA