Trade what you see NOT what you expect | Page 595 | Forex Factory

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Trade what you see NOT what you expect

  • #11,881
  • May 12, 2009 7:45am May 12, 2009 7:45am
Quoting cisco
1.5350 is the 161.8% extension of yesterday's range. That's a very common turning point.
its Funny,Bernanke says he wants a Strong Dollar yesterday,and the Market says "REALLY "......
Charts and PA is our Guiding Lights....

baz
  • #11,882
  • May 12, 2009 7:47am May 12, 2009 7:47am
Quoting Komissar
So, pin is forming on 15M. And that pin could be a signal for short?
Maybe a retracement...I don't know. I'm looking for 1.5372, myself.
Hi, my name is Barry and you can keep your doctor...
  • #11,883
  • May 12, 2009 7:49am May 12, 2009 7:49am
Quoting baz
its Funny,Bernanke says he wants a Strong Dollar yesterday,and the Market says "REALLY "......
Charts and PA is our Guiding Lights....

baz
Bernanke has one vote. The market has millions.

Nice call, Baz!
Hi, my name is Barry and you can keep your doctor...
  • #11,884
  • May 12, 2009 7:49am May 12, 2009 7:49am
Quoting Komissar
Thanks, Ken
You are absolutely right about round numbers - they are like mental TL.
And because pins like that one are very tempting, it would be good count to ten and look around one more time.
Sorry for the late input guys but, in regards to your posts earlier about the GU pin, I'd got the 15250 level marked on my charts as the previous day's high (second tap of the double top too) so I just figured it touched and a few took profit.

My overall feeling on GU was still bullish.

Just my take on it.

Macc
  • #11,885
  • May 12, 2009 7:53am May 12, 2009 7:53am
Quoting cisco
Maybe a retracement...I don't know. I'm looking for 1.5372, myself.
Are looking at 5372 to short?
  • #11,886
  • May 12, 2009 7:54am May 12, 2009 7:54am
Quoting Komissar
Are looking at 5372 to short?
TP

If I don't get stopped out first.
Hi, my name is Barry and you can keep your doctor...
  • #11,887
  • May 12, 2009 7:55am May 12, 2009 7:55am
UK Apr Jobs Data To Be Released Early At 1300GMT - ONS

News update
2009-05-12 13:44

(MORE TO FOLLOW) Dow Jones Newswires
May 12, 2009 08:44 ET (12:44 GMT)
  • #11,888
  • May 12, 2009 7:59am May 12, 2009 7:59am
Quoting gammase1
UK Apr Jobs Data To Be Released Early At 1300GMT - ONS

News update
2009-05-12 13:44

(MORE TO FOLLOW) Dow Jones Newswires
May 12, 2009 08:44 ET (12:44 GMT)

thanks for that, same on reuters newswire also.....

release: Ccount: 57k vs 89 expected
Rate 7.1% vs 6.9% expected
Trading is 80% Emotional, 20% Technical
  • #11,889
  • May 12, 2009 8:12am May 12, 2009 8:12am
Quoting cisco
Bernanke has one vote. The market has millions.

Nice call, Baz!
absouletley....Cisco..
we have to trust the PA and our charts.....because thats all we have !!!!!!

baz
  • #11,890
  • May 12, 2009 8:24am May 12, 2009 8:24am
Quoting cisco
TP

If I don't get stopped out first.
MAy I ask at what level did you long it?
  • #11,891
  • May 12, 2009 8:30am May 12, 2009 8:30am
Quoting Komissar
MAy I ask at what level did you long it?
Let's see...I think it was the 6th grade!

On this particular trade, though, It was 1.5146.
Hi, my name is Barry and you can keep your doctor...
  • #11,892
  • May 12, 2009 8:33am May 12, 2009 8:33am
Quoting cisco
Let's see...I think it was the 6th grade!

On this particular trade, though, It was 1.5146.
I am sorry that my question has double meaning.
I'll try to avoid it in the future.

BTW, the entrance was good!
I wish I was awake that time.
  • #11,893
  • May 12, 2009 8:34am May 12, 2009 8:34am
Quoting Komissar
I am sorry that my question has double meaning.
I'll try to avoid it in the future.
Don't be sorry! He's just jokin around.

Good trade Cisco!!
Just digging in the trenches like everyone else!
  • #11,894
  • May 12, 2009 8:40am May 12, 2009 8:40am
Quoting eohater
Don't be sorry! He's just jokin around.

Good trade Cisco!!
Thanks. You're right, I was just joking. Now that I think about it, it was the 5th grade.
Hi, my name is Barry and you can keep your doctor...
  • #11,895
  • May 12, 2009 8:41am May 12, 2009 8:41am
Quoting cisco
Thanks. You're right, I was just joking. Now that I think about it, it was the 5th grade.
Just digging in the trenches like everyone else!
  • #11,896
  • May 12, 2009 8:50am May 12, 2009 8:50am
Hey EO are you still swinging?
  • #11,897
  • May 12, 2009 8:52am May 12, 2009 8:52am
Quoting PippiNole
Hey EO are you still swinging?
Talk about your loaded question. That's like asking a guy if he's still beating his wife. There's no good answer!
Hi, my name is Barry and you can keep your doctor...
  • #11,898
  • May 12, 2009 8:53am May 12, 2009 8:53am

Stop Shaking and Aching
for Nothing

Trying to "fix" the people in your life that cause you pain is like massaging your shoes because your feet ache.
Guy Finley


a great american author.....


baz


  • #11,899
  • May 12, 2009 8:54am May 12, 2009 8:54am
Anybody going to take a long off a bounce of yesterday's high?
Hi, my name is Barry and you can keep your doctor...
  • #11,900
  • May 12, 2009 8:54am May 12, 2009 8:54am
Quoting cisco
Talk about your loaded question. That's like asking a guy if he's still beating his wife. There's no good answer!
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