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Trade what you see NOT what you expect

  • #13,021
  • May 21, 2009 11:52am May 21, 2009 11:52am
There's that resistance I was looking for. 131.40 area. Took 24 off that little scalp. Now Lunch...
Good Trading To All ; Ken Lee
  • #13,022
  • May 21, 2009 11:52am May 21, 2009 11:52am
I'm a jumper and got back in on GU after the close above 5800.
  • #13,023
  • May 21, 2009 11:53am May 21, 2009 11:53am
Quoting fx local
next stop 1.60...... im in long for it, got level at 15920 b4 that

1.40... next stop for euro??
I hear that!... I took some more off the bus at 5880...
Patience + Discipline - Greed = Success
  • #13,024
  • May 21, 2009 11:54am May 21, 2009 11:54am
Quoting PippiNole
I'm a jumper and got back in on GU after the close above 5800.
yes you are.. And don;t forget it..
http://www.halcyonmagazine.com/wp-co...ages/bjump.jpg
Good Trading To All ; Ken Lee
  • #13,025
  • May 21, 2009 11:54am May 21, 2009 11:54am
eur just broke the correct side of the wedge, sending cable up..this will go 1.63 area..(me thinks)

weekly has to close above blue line thou...
target (first time back to the 60ema) 1.63 area
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 24 KB
  • #13,026
  • May 21, 2009 12:01pm May 21, 2009 12:01pm
Quoting Infinity
I hear that!... I took some more off the bus at 5880...
good stuff bro, that down move this morning was just a flush out....

had PC problems all day today, but caught a nice portion of it,

shame i didnt max my account on it!!!! oh well next time!!!!
Trading is 80% Emotional, 20% Technical
  • #13,027
  • May 21, 2009 12:05pm May 21, 2009 12:05pm
Quoting fx local
good stuff bro, that down move this morning was just a flush out....

had PC problems all day today, but caught a nice portion of it,

shame i didnt max my account on it!!!! oh well next time!!!!
That's how it is bro... there will be more!.. I'm glad you were able to get in on it! Everything lined up perfectly for me on that long..
Patience + Discipline - Greed = Success
  • #13,028
  • May 21, 2009 12:09pm May 21, 2009 12:09pm
Quoting Infinity
That's how it is bro... there will be more!.. I'm glad you were able to get in on it! Everything lined up perfectly for me on that long..
cool bro, long after that shake out was the way, been in and out jumping all the way myself!!

, need to work on my trade management -can spot monitor trades well, my exits are subject to abit of emotion if im honest!!
Trading is 80% Emotional, 20% Technical
  • #13,029
  • May 21, 2009 12:10pm May 21, 2009 12:10pm
I just can not seem to get it through my thick head not to short cable!

I shorted again for 5800 to hold on those reversal candles on the 15m.

-21 on that. 5800 should of held!
  • #13,030
  • May 21, 2009 12:13pm May 21, 2009 12:13pm
Quoting Shilva
I just can not seem to get it through my thick head not to short cable!

I shorted again for 5800 to hold on those reversal candles on the 15m.

-21 on that. 5800 should of held!
watch the euro also bro, saw it breaking higher also

the fact that cable falied to hold the lows meant it was inevintable that here would be a new high printed....

once it went past 50-60% of the the downmove it had to break 5800,

sorry for your loss, im sure ull get it back!!
Trading is 80% Emotional, 20% Technical
  • #13,031
  • May 21, 2009 12:16pm May 21, 2009 12:16pm
Originally Posted by Infinity http://www.forexfactory.com/images/buttons/viewpost.gif
I hear that!... I took some more off the bus at 5880...

Originally Posted by fx local http://www.forexfactory.com/images/buttons/viewpost.gif
good stuff bro, that down move this morning was just a flush out....

had PC problems all day today, but caught a nice portion of it,

shame i didnt max my account on it!!!! oh well next time!!!!

Great trading guys. You are inspiration to us all. We can see the possiblities.
Good Trading To All ; Ken Lee
  • #13,032
  • May 21, 2009 12:17pm May 21, 2009 12:17pm
Quoting Shilva
I just can not seem to get it through my thick head not to short cable!

I shorted again for 5800 to hold on those reversal candles on the 15m.

-21 on that. 5800 should of held!
look to buy dips bro...this may retrace up to 50% (1.72)then try head down again, form a double bottom, then buy on the way up..(monthly chart)

rounded bottom on monthly cannot be ignored...trade safe guys
  • #13,033
  • May 21, 2009 12:17pm May 21, 2009 12:17pm
Quoting KENNETH lEE
yes you are.. And don;t forget it..
http://www.halcyonmagazine.com/wp-co...ages/bjump.jpg
I may have to go to a 12 step program.
  • #13,034
  • May 21, 2009 12:21pm May 21, 2009 12:21pm
dow and sp500 had a clear sell signal, didnt get chance to post chart yday, 4hour pin,
Attached Image (click to enlarge)
Click to Enlarge Name: DOW SP500.GIF Size: 40 KB
Trading is 80% Emotional, 20% Technical
  • #13,035
  • May 21, 2009 12:36pm May 21, 2009 12:36pm
Quoting PippiNole
I may have to go to a 12 step program.
1 step,2 step,3 step ....10,11,12, JUMP !!!!!
Good Trading To All ; Ken Lee
  • #13,036
  • May 21, 2009 12:40pm May 21, 2009 12:40pm
Quoting Shiva
I just can not seem to get it through my thick head not to short cable!

I shorted again for 5800 to hold on those reversal candles on the M.

-21 on that. 5800 should of held!
Don't beat yourself up about it .. That is the same thing I do.. Trying to pick the top to soon . But at least there was a trigger. There are so many complexities to trading it will take time to KNOW it will continue up FX-Local had a great take on it . We will get there also.
Good Trading To All ; Ken Lee
  • #13,037
  • May 21, 2009 12:43pm May 21, 2009 12:43pm
Somebody beat me with a stick...I want to sell this again!

  • #13,038
  • May 21, 2009 12:44pm May 21, 2009 12:44pm
Quoting KENNETH lEE
Don't beat yourself up about it .. That is the same thing I do.. Trying to pick the top to soon . But at least there was a trigger. There are so many complexities to trading it will take time to KNOW it will continue up FX-Local had a great take on it . We will get there also.

I would just like to get to the level where I can set a PO and see it do anything good by itself. That way I can quit trading 24 hrs a day
Good Trading To All ; Ken Lee
  • #13,039
  • May 21, 2009 12:49pm May 21, 2009 12:49pm
Quoting Shilva
Somebody beat me with a stick...I want to sell this again!

I am going to show you a picture that will ensure you don't sell cable at least until 1.60.

This is the £ LFX basket.

On the weekly it's breaking out of a massive ascending triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: pound.JPG Size: 93 KB
  • #13,040
  • May 21, 2009 12:49pm May 21, 2009 12:49pm
Quoting Shilva
Somebody beat me with a stick...I want to sell this again!


Shock therapy here we come..

http://www.cerebromente.org.br/n04/historia/ect.gif
Good Trading To All ; Ken Lee
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