Trade what you see NOT what you expect | Page 566 | Forex Factory

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Trade what you see NOT what you expect

  • #11,301
  • May 7, 2009 7:05am May 7, 2009 7:05am
Quoting damo9893
Im long at 1.5067 from the hanging man on the M15, the 62EMA touch and it touched a trend line i have placed on the H4. Anyone else in with me?

Good trading to all
Good call, Damo, but a little bit dangerous - it was exactly news time.
I hope you got it covered.
  • #11,302
  • May 7, 2009 7:27am May 7, 2009 7:27am
Quoting Komissar
Good call, Damo, but a little bit dangerous - it was exactly news time.
I hope you got it covered.
Yer mate had it covered, its been taken out no but.
  • #11,303
  • May 7, 2009 7:50am May 7, 2009 7:50am
anyone catch the nutty price action in the Euro, absolutely bananas, 100 pip swings in mins.....
Trading is 80% Emotional, 20% Technical
  • #11,304
  • May 7, 2009 7:54am May 7, 2009 7:54am
Quoting fx local
anyone catch the nutty price action in the Euro, absolutely bananas, 100 pip swings in mins.....
Nah i wish i got some was thinking bout getting in on the hangman on the EJ but was waiting for 1H confirmation.
  • #11,305
  • May 7, 2009 8:01am May 7, 2009 8:01am
Quoting fx local
anyone catch the nutty price action in the Euro, absolutely bananas, 100 pip swings in mins.....
Caught the 1HR 62 ema bounces on GBPUSD, both long up to .51 First one was a blind bounce. Second had confirming PA but damn the market went absolutely wild and I got very lucky on the second one.

EURUSD chart looks like two hedgehogs trying to fight eachother at the moment . Madness. Im looking at Trichet on bloomberg, damn he wears some nice suits.
  • #11,306
  • May 7, 2009 8:32am May 7, 2009 8:32am
Im on the train north on the EJ at 132.99. Anyone on the same journey?
  • #11,307
  • May 7, 2009 8:36am May 7, 2009 8:36am
Quoting damo9893
Im on the train north on the EJ at 132.99. Anyone on the same journey?
I still have a soldier on from 131.15.
  • #11,308
  • May 7, 2009 8:42am May 7, 2009 8:42am
Quoting damo9893
Im on the train north on the EJ at 132.99. Anyone on the same journey?
Quoting PippiNole
I still have a soldier on from 131.15.
Good job guys .

Pippinole - were you long from the 15Min Bullish Engulfing ? Or what was your entry there if you don't mind me asking bro.

Jig
  • #11,309
  • May 7, 2009 8:42am May 7, 2009 8:42am
Quoting PippiNole
I still have a soldier on from 131.15.
134.6 - 134.9 is where I want to see EJ for a swing position short.

Nice entry btw!
Just digging in the trenches like everyone else!
  • #11,310
  • May 7, 2009 8:46am May 7, 2009 8:46am
Quoting Jigsaw
Good job guys .

Pippinole - were you long from the 15Min Bullish Engulfing ? Or what was your entry there if you don't mind me asking bro.

Jig
The next candle after the bullish engulfing retested the Ma's and that was my entry with a tight stop just below the bullish candle.
  • #11,311
  • May 7, 2009 8:48am May 7, 2009 8:48am
Quoting eohater
134.6 - 134.9 is where I want to see EJ for a swing position short.

Nice entry btw!
Thanks, and I can see that area also.
  • #11,312
  • May 7, 2009 8:50am May 7, 2009 8:50am
Quoting eohater
134.6 - 134.9 is where I want to see EJ for a swing position short.

Nice entry btw!
Im looking at taking profit at about 134.30 - 134.60 if we make it there
  • #11,313
  • May 7, 2009 8:51am May 7, 2009 8:51am
Looks like im going to get stopped out at BE
  • #11,314
  • May 7, 2009 8:53am May 7, 2009 8:53am
Quoting damo9893
Looks like im going to get stopped out at BE
Its taken me out, its bed time for me guys.

Hope yas all have a good positive US session

Catchyas later
  • #11,315
  • May 7, 2009 8:59am May 7, 2009 8:59am
Looks like a pin in EJ 1H
  • #11,316
  • May 7, 2009 9:03am May 7, 2009 9:03am
Quoting damo9893
Its taken me out, its bed time for me guys.

Hope yas all have a good positive US session

Catchyas later
Have a good night.
  • #11,317
  • May 7, 2009 9:08am May 7, 2009 9:08am
When the US Fed announced QE a while back the $$$$ weakened substantially. Now MPC has also announced that they will be doing QE for the next 3 months or so.

However, ECB is expected to cut rates but announce no QE for now but alternative methods.

Beranke is sure beating a positive drum on the US economy.

Seems like he is setting us up for a bad bank stress test report later today! I am sure he knows the results way before he releases it.

What does all this mean, who knows.

I am going to not pay any attention to the fundies and just follow the signals the best I can.

  • #11,318
  • May 7, 2009 9:18am May 7, 2009 9:18am
Quoting Shilva
When the US Fed announced QE a while back the $$$$ weakened substantially....

American stocks surge after leaked results of banking stress tests bring relief to investors

http://business.timesonline.co.uk/to...MC-Bltn=NKSEMA
  • #11,319
  • May 7, 2009 9:21am May 7, 2009 9:21am
Loks like could be another opportunity to long from 62ema bounce off.
  • #11,320
  • May 7, 2009 9:22am May 7, 2009 9:22am
Quoting Shilva
When the US Fed announced QE a while back the $$$$ weakened substantially. Now MPC has also announced that they will be doing QE for the next 3 months or so.

However, ECB is expected to cut rates but announce no QE for now but alternative methods.

Beranke is sure beating a positive drum on the US economy.

Seems like he is setting us up for a bad bank stress test report later today! I am sure he knows the results way before he releases it.

What does all this mean, who knows.

I am going to not pay any attention to the fundies and just...
already known leaked yesteday...

Bank stocks soared Wednesday as results of the stress tests on the USA's 19 largest banks started leaking out. The results, to be officially released at 5 p.m. ET, will likely say at least 10 banks have to raise capital, with Bank of America (BAC) needing up to $34 billion, Citigroup (C) up to $55 billion and Wells Fargo (WFC), $15 billion, according to a person briefed on the findings, who wasn't permitted to comment publicly on the results ahead of the announcement.
Good Trading To All ; Ken Lee
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