Trade what you see NOT what you expect | Page 604 | Forex Factory

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Trade what you see NOT what you expect

  • #12,061
  • May 13, 2009 2:07am May 13, 2009 2:07am
Mervyn King is speaking in 24 minutes, be interesting if what he says affects sterling.
  • #12,062
  • May 13, 2009 2:09am May 13, 2009 2:09am
Quoting KENNETH lEE
Herre is a 4 hr shows those areas.
Glad to see my chart looks the same as yours Ken. At least I'm getting some things correct now and again.

Macc
  • #12,063
  • May 13, 2009 2:14am May 13, 2009 2:14am
Quoting macc
Glad to see my chart looks the same as yours Ken. At least I'm getting some things correct now and again.

Macc
Now if I can just remember to look at the higher time frames and trust my eyes... It is all there for us to see, no secrets, just facts.. Should be so easy to do. Any other job you have so much miss-information to weed through.
Good Trading To All ; Ken Lee
  • #12,064
  • May 13, 2009 2:18am May 13, 2009 2:18am
Quoting KENNETH lEE
Now if I can just remember to look at the higher time frames and trust my eyes... It is all there for us to see, no secrets, just facts.. Should be so easy to do. Any other job you have so much miss-information to weed through.


I can't believe how easy it is
  • #12,065
  • May 13, 2009 2:20am May 13, 2009 2:20am
Quoting KENNETH lEE
Herre is a 4 hr shows those areas.
nice chart ken either this week will be a pin or bullish candle hopefully its the third soilder marching up the hill
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  • #12,066
  • May 13, 2009 2:23am May 13, 2009 2:23am
if this goes down then cable should go up and swissy down hopefully...its these factors which lead me to be bullish on cable...otherwise too trades gonna fail
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  • #12,067
  • May 13, 2009 2:27am May 13, 2009 2:27am
I know it's all there on FF news page for all to see but just thought I'd stick it here while it's relevant:

"BOE Governor Mervyn King;

Due to hold a press conference about the Inflation Report, in London;

More hawkish than expected = Good for currency;

BOE Governor Jul 2003 - Jun 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;"

I'm flat at the moment

Macc
  • #12,068
  • May 13, 2009 2:30am May 13, 2009 2:30am
Quoting macc
I know it's all there on FF news page for all to see but just thought I'd stick it here while it's relevant:

"BOE Governor Mervyn King;

Due to hold a press conference about the Inflation Report, in London;

More hawkish than expected = Good for currency;

BOE Governor Jul 2003 - Jun 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;"

I'm flat at the moment

Macc
being flat is the place to be..i have been in these trades for 2 days now and theres no bias movement so far and everything is sandwiched between ema's
  • #12,069
  • May 13, 2009 2:37am May 13, 2009 2:37am
Has Mervin King opened his speech with "We're all doomed!"?


Macc
  • #12,070
  • May 13, 2009 2:47am May 13, 2009 2:47am
Quoting macc
Has Mervin King opened his speech with "We're all doomed!"?


Macc
what the hell is he saying cable is sinking like the mary rose
  • #12,071
  • May 13, 2009 2:51am May 13, 2009 2:51am
Quoting macc
Has Mervin King opened his speech with "We're all doomed!"?


Macc
I missed the beginning of the speech, but bloomberg are showing the quotes

BOE's King says reasons to question if recovery will be sustained.
King sees 'solid reasons to expect slower spending recovery'
King says uk has massive policy stimulus
King says collapse in global trade has hurt uk trade

He's basically saying that recovery will be slow, and he is cautious, which will have knocked some of the bullish momemtum.

Listening to King, I wish he had more influence on economic policy, he actually comes across as someone who knows what he is talking about, and takes action solely for economic reasons and never for political reasons.
  • #12,072
  • May 13, 2009 3:00am May 13, 2009 3:00am
Thanks Daffy.

I also hold the view that Merve goes about his task in the right way (though I'm not saying he's completely free from political influence).

Now then Navin, about my bullish sentiment

Macc
  • #12,073
  • May 13, 2009 3:10am May 13, 2009 3:10am
long 15150 off 1hour and 4hour trendlines, tight stop given the news
Trading is 80% Emotional, 20% Technical
  • #12,074
  • May 13, 2009 3:11am May 13, 2009 3:11am
Hi all, Long from tl 163.5 covered +10

so far so good
  • #12,075
  • May 13, 2009 3:12am May 13, 2009 3:12am
GBP_USD Spot.png

STAY FOCUSED ON YOUR CHARTS......TARGET HIT on 1 Hr at present...

baz
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  • #12,076
  • May 13, 2009 3:14am May 13, 2009 3:14am
Not this time Pehaps should have kept her BE a bit longer
  • #12,077
  • May 13, 2009 3:14am May 13, 2009 3:14am
Quoting macc
Thanks Daffy.

I also hold the view that Merve goes about his task in the right way (though I'm not saying he's completely free from political influence).

Now then Navin, about my bullish sentiment

Macc
very big bearish candle...damn
  • #12,078
  • May 13, 2009 3:15am May 13, 2009 3:15am
Quoting fx local
long 15150 off 1hour and 4hour trendlines, tight stop given the news
good to see u back bro! congrats
  • #12,079
  • May 13, 2009 3:15am May 13, 2009 3:15am
Quoting fx local
long 15150 off 1hour and 4hour trendlines, tight stop given the news
Hope your stop wasn't too tight. Great pick up off the bottom of that drop (you too riggster)

Macc
  • #12,080
  • May 13, 2009 3:19am May 13, 2009 3:19am
Quoting fx local
long 15150 off 1hour and 4hour trendlines, tight stop given the news
4hour chart,

baz is spot on there,

good to see u navin also
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Trading is 80% Emotional, 20% Technical
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