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Trade what you see NOT what you expect

  • #11,181
  • May 6, 2009 2:21am May 6, 2009 2:21am
Quoting KENNETH lEE
Sleep tight.. Once around the Island for me.. ( Bicycle)
Enjoy Ken
  • #11,182
  • May 6, 2009 4:11am May 6, 2009 4:11am
Morning, fellows

Did anybody catch this GU drop?
What happened?

35/50 cross/reverse?
  • #11,183
  • May 6, 2009 4:26am May 6, 2009 4:26am
Quoting Komissar
Morning, fellows

Did anybody catch this GU drop?
What happened?

35/50 cross/reverse?

Maybe the news was leaked ?? I have a news ticker hasn't printed any reason why yet.. They normally do about 15 minutes after the move.. I took the reversal on the E/J closed already. It bounced right off the 21 ma.
Good Trading To All ; Ken Lee
  • #11,184
  • May 6, 2009 4:30am May 6, 2009 4:30am
Quoting KENNETH lEE
Maybe the news was leaked ?? I have a news ticker hasn't printed any reason why yet.. They normally do about 15 minutes after the move..
The only explanation I found is Fibs on 15M.

But it was so sudden. I was checking EU chart - and in next 30 sec it's down 40 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 104 KB
  • #11,185
  • May 6, 2009 4:34am May 6, 2009 4:34am
Quoting Komissar
The only explanation I found is Fibs on 15M.

But it was so sudden. I was checking EU chart - and in next 30 sec it's down 40 pips!
I thought you were asking why the large impulse candle which happened on all the pairs I watch... Maybe just Lunchtime squaring away prior to news time. GBP was at a good fib turning level so was the E/J it was at 50%..
Good Trading To All ; Ken Lee
  • #11,186
  • May 6, 2009 4:38am May 6, 2009 4:38am
Quoting KENNETH lEE
I thought you were asking why the large impulse candle which happened on all the pairs I watch... Maybe just Lunchtime squaring away prior to news time. GBP was at a good fib turning level so was the E/J it was at 50%..
Now there is a question if 62ma holds? I mean on 1H.
  • #11,187
  • May 6, 2009 4:39am May 6, 2009 4:39am
Anyone going for this 1h 62ema bounce?
  • #11,188
  • May 6, 2009 4:43am May 6, 2009 4:43am
Quoting riggster
Anyone going for this 1h 62ema bounce?

I am but watching it closelly has been touched a bunch latelly.. Taking profit and covering quick
Good Trading To All ; Ken Lee
  • #11,189
  • May 6, 2009 4:43am May 6, 2009 4:43am
Quoting KENNETH lEE
Maybe the news was leaked ?? I have a news ticker hasn't printed any reason why yet.. They normally do about 15 minutes after the move.. I took the reversal on the E/J closed already. It bounced right off the 21 ma.
Good job Kenneth

I also took the reversal back to the 21ma (13079 for me).

I couldn't figure the reason for the drop but trusted the 35/50 reversal
  • #11,190
  • May 6, 2009 4:45am May 6, 2009 4:45am
Quoting macc
Good job Kenneth

I also took the reversal back to the 21ma (13079 for me).

I couldn't figure the reason for the drop but trusted the 35/50 reversal
Same to you... Great little trade.
Good Trading To All ; Ken Lee
  • #11,191
  • May 6, 2009 4:46am May 6, 2009 4:46am
Quoting KENNETH lEE
I am but watching it closelly has been touched a bunch latelly.. Taking profit and covering quick
Done also

Had good ride off that last one this morn...2nd ever attempt , got stopped out of mondays.
  • #11,192
  • May 6, 2009 4:50am May 6, 2009 4:50am
Anyone trading the E/J be carefull as the 1 hr is above the 10 sma now. Might be turning back up.. Will have to wait and see. 10 min to candles close anyway. And we are between the 50 and 35 ma/s on the 15 min. we were LOL
Good Trading To All ; Ken Lee
  • #11,193
  • May 6, 2009 5:07am May 6, 2009 5:07am
I went long at 5018. I liked the way we failed to break support at 4990 and the how the two prior M15 candles had similar lows.

EDIT: and stopped out for +1, pays for the coffee.
  • #11,194
  • May 6, 2009 5:19am May 6, 2009 5:19am
I hope some of you caught that move on cable. I failed to reenter because I was on the phone, and then saw it shoot up. Ah well, I got 1 pip out of it, and profit is profit.
  • #11,195
  • May 6, 2009 5:23am May 6, 2009 5:23am
Quoting KENNETH lEE
Anyone trading the E/J be carefull as the 1 hr is above the 10 sma now. Might be turning back up.. Will have to wait and see. 10 min to candles close anyway. And we are between the 50 and 35 ma/s on the 15 min. we were LOL
I hope you took your own good advice Kenneth and grabbed a position North
  • #11,196
  • May 6, 2009 5:34am May 6, 2009 5:34am
Quoting macc
I hope you took your own good advice Kenneth and grabbed a position North
Unfortuatelly no I don't trade during news.. especially employment and interest statements. But hope some got it..
Good Trading To All ; Ken Lee
  • #11,197
  • May 6, 2009 5:48am May 6, 2009 5:48am
Quoting KENNETH lEE
Unfortuatelly no I don't trade during news.. especially employment and interest statements. But hope some got it..
I agree with this policy of yours Ken I have been burnt to often,
  • #11,198
  • May 6, 2009 5:50am May 6, 2009 5:50am
Infinity I offer you my condolences. That was the first time I have ever watched soccer on TV and I was pulling for your team.
  • #11,199
  • May 6, 2009 6:04am May 6, 2009 6:04am
H4 closed as a hanging man.
Hi, my name is Barry and you can keep your doctor...
  • #11,200
  • May 6, 2009 6:50am May 6, 2009 6:50am
Quoting PippiNole
Infinity I offer you my condolences. That was the first time I have ever watched soccer on TV and I was pulling for your team.
Thanks man! After the second goal, I felt like I just lost 200 pips... I'm over it now... I still believe in my team and we will get something next year....

H1 62ema gave me some good pips twice today...
Patience + Discipline - Greed = Success
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