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Trade what you see NOT what you expect

  • #11,741
  • May 11, 2009 10:56am May 11, 2009 10:56am
Quoting eohater
Yes it is!

BUT, I believe 5000 will hold it.
I see 5000 holding it because we've already played the buyers on the bottom of the wicks that sent us up to 524x from 497x, now the top of the PA candles should come into play along with the 50ema on the h4.
Just digging in the trenches like everyone else!
  • #11,742
  • May 11, 2009 10:56am May 11, 2009 10:56am
Quoting eohater
This is ask price: 35 is at 5123, 50sma: 5152 and 50ema is at 5139.
Thanks bro......

HOLLA
  • #11,743
  • May 11, 2009 11:00am May 11, 2009 11:00am
Quoting Infinity
I agree bro!

Remember guys, the higher timeframes are still quite bullish so upside moves will likely be more aggressive... I still have my eye on the 5350 area... not today but sometime this week.. My longs are still covered and green..

yes i agree bro, covered for +50, will look for another seat on a dip....
Trading is 80% Emotional, 20% Technical
  • #11,744
  • May 11, 2009 11:02am May 11, 2009 11:02am
Quoting eohater
I see 5000 holding it because we've already played the buyers on the bottom of the wicks that sent us up to 524x from 497x, now the top of the PA candles should come into play along with the 50ema on the h4.
The way the buyers came in before we even got to 5050...
Patience + Discipline - Greed = Success
  • #11,745
  • May 11, 2009 11:03am May 11, 2009 11:03am
Quoting fx local
yes i agree bro, covered for +50, will look for another seat on a dip....
Excellent job bro! The h1 hammer was confirmed with the last h1 close, buy on pullbacks.
Just digging in the trenches like everyone else!
  • #11,746
  • May 11, 2009 11:03am May 11, 2009 11:03am
Quoting fx local
yes i agree bro, covered for +50, will look for another seat on a dip....
Good job bro!
Patience + Discipline - Greed = Success
  • #11,747
  • May 11, 2009 11:04am May 11, 2009 11:04am
Quoting Infinity
The way the buyers came in before we even got to 5050...
I'm still northbound and bullish with you bro!
Just digging in the trenches like everyone else!
  • #11,748
  • May 11, 2009 11:06am May 11, 2009 11:06am
Quoting Infinity
The way the buyers came in before we even got to 5050...
Are you thinking more 497x again for buyers since we had such a rush before we got to 5050? This is saying should we get back down there.
Just digging in the trenches like everyone else!
  • #11,749
  • May 11, 2009 11:07am May 11, 2009 11:07am
Quoting Infinity
Good job bro!

thanks guys, done very well yourselves,

small channel on 4hour push above 150 to 5260 a possiblity,

anything is possible these days.....
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour channel.gif Size: 24 KB
Trading is 80% Emotional, 20% Technical
  • #11,750
  • May 11, 2009 11:10am May 11, 2009 11:10am
close above 200sma on daily chart at 1.5163 shall be interesting, cable has been very resilent to set backs of late.....
Attached Image
Trading is 80% Emotional, 20% Technical
  • #11,751
  • May 11, 2009 11:13am May 11, 2009 11:13am
Quoting eohater
I'm still northbound and bullish with you bro!
I know bro! We could get a retracement to the h1 50/62 again but I am thinking we have a temporary bottom in place for now at 5068..
Patience + Discipline - Greed = Success
  • #11,752
  • May 11, 2009 11:15am May 11, 2009 11:15am
hey fellas, just wondering if anyone knows what time sterling fix occurs. I forgot
  • #11,753
  • May 11, 2009 11:17am May 11, 2009 11:17am
Quoting Infinity
I know bro! We could get a retracement to the h1 50/62 again but I am thinking we have a temporary bottom in place for now at 5068..
I agree on the retracement to the h1 50/62 again, I'll add more soldiers should we see that. I can now see the 5068 you're talking about on the h4. I was only focused on the damn pin that sent us north from 407x not the other candles that followed. Thanks for pulling my head outta my ass so I could see.
Just digging in the trenches like everyone else!
  • #11,754
  • May 11, 2009 11:17am May 11, 2009 11:17am
Quoting eohater
Are you thinking more 497x again for buyers since we had such a rush before we got to 5050? This is saying should we get back down there.
If we test 524x again and fail, then I think we will see that price or lower..
Patience + Discipline - Greed = Success
  • #11,755
  • May 11, 2009 11:19am May 11, 2009 11:19am
Quoting Infinity
If we test 524x again and fail, then I think we will see that price or lower..
Yes sir! I can see that too since 524x will have created a ceiling, but I believe we'll break it this time. It's getting weak and the sellers up there are exhausted.
Just digging in the trenches like everyone else!
  • #11,756
  • May 11, 2009 11:19am May 11, 2009 11:19am
Quoting eohater
I agree on the retracement to the h1 50/62 again, I'll add more soldiers should we see that. I can now see the 5068 you're talking about on the h4. I was only focused on the damn pin that sent us north from 407x not the other candles that followed. Thanks for pulling my head outta my ass so I could see.
Patience + Discipline - Greed = Success
  • #11,757
  • May 11, 2009 11:19am May 11, 2009 11:19am
Quoting lexazver
hey fellas, just wondering if anyone knows what time sterling fix occurs. I forgot
It's 5:19pm in London right now. Their fix is done. Usually starts around 1 hour ago.
Just digging in the trenches like everyone else!
  • #11,758
  • May 11, 2009 11:21am May 11, 2009 11:21am
Quoting fx local
thanks guys, done very well yourselves,

small channel on 4hour push above 150 to 5260 a possiblity,

anything is possible these days.....
Good eye bro! Thanks for the chart!
Patience + Discipline - Greed = Success
  • #11,759
  • May 11, 2009 11:22am May 11, 2009 11:22am
looks like a saucer bottom formation on daily chart from late oct 08

sorry for the big ass chart!
Attached Image (click to enlarge)
Click to Enlarge Name: daily saucer.gif Size: 50 KB
Trading is 80% Emotional, 20% Technical
  • #11,760
  • May 11, 2009 11:25am May 11, 2009 11:25am
Quoting fx local
looks like a saucer bottom formation on daily chart from late oct 08

sorry for the big ass chart!
No need to apologise bro .... Excellent chart!
Patience + Discipline - Greed = Success
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