Trade what you see NOT what you expect | Page 654 | Forex Factory

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Trade what you see NOT what you expect

  • #13,061
  • May 21, 2009 2:40pm May 21, 2009 2:40pm
Quoting PippiNole
Taking a break but will check back a little later.

Ditto see you all ..
Good Trading To All ; Ken Lee
  • #13,062
  • May 21, 2009 2:44pm May 21, 2009 2:44pm
Quoting PippiNole
Taking a break but will check back a little later.
Now its our opportunity to collect the pips that Pippi will let on the way... Hurry up mates
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"Even A Thousand Mile Journey Begins with the First Step"
  • #13,063
  • May 21, 2009 2:52pm May 21, 2009 2:52pm
Quoting ezodisy
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.
wouldnt think toom uch of that triangle.

the breakout is nearly at the end of the triangle which is not a good signal. im not saying that it will not get to 1.60 it can probably surpass it thought but i dont expect it to last too long. i reckon they gonna distribute their long positions before 1.7 level and then we will see nice tankage back into the 1.3 area if not lower.
  • #13,064
  • May 21, 2009 2:59pm May 21, 2009 2:59pm
Quoting analizer
Now its our opportunity to collect the pips that Pippi will let on the way... Hurry up mates

I'm keeping my eye on you with the Mistress.
  • #13,065
  • May 21, 2009 3:30pm May 21, 2009 3:30pm
Quoting PippiNole
I'm keeping my eye on you with the Mistress.
Im out now, my oanda spreads are too high... 5 on both pairs... I will wait some hours & mainwhile enjoy the nature
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"Even A Thousand Mile Journey Begins with the First Step"
  • #13,066
  • May 21, 2009 3:40pm May 21, 2009 3:40pm
Quoting lexazver
wouldnt think toom uch of that triangle.

the breakout is nearly at the end of the triangle which is not a good signal. im not saying that it will not get to 1.60 it can probably surpass it thought but i dont expect it to last too long. i reckon they gonna distribute their long positions before 1.7 level and then we will see nice tankage back into the 1.3 area if not lower.
No offense intended at all, I was just curious how did you come up with this certain conclusion. As I said no offense meant at all, just curiosity.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #13,067
  • May 21, 2009 3:40pm May 21, 2009 3:40pm
Quoting micho
in the last 22 trades i have 13 winners (average around 35) and 9 +0 pips
i have to go back to my 23rd trade to find a negative -3 pips
excellence trades you have there, congratulations
Many happy pips returned ...
  • #13,068
  • May 21, 2009 4:00pm May 21, 2009 4:00pm
Quoting lexazver
wouldnt think toom uch of that triangle.

the breakout is nearly at the end of the triangle which is not a good signal. im not saying that it will not get to 1.60 it can probably surpass it thought but i dont expect it to last too long. i reckon they gonna distribute their long positions before 1.7 level and then we will see nice tankage back into the 1.3 area if not lower.
yes quite likely, which is why I mentioned no shorts before then . My target for a while has been 1.60 for the obvious reason of 38.2% retracement of the whole down move. I can see your situation playing out after that, what with $ nearing around support area I think. We may get some sideways action at that area for a while.
  • #13,069
  • May 21, 2009 4:01pm May 21, 2009 4:01pm
Quoting ezodisy
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.
what does this chart measure? i get confused when i see this chart
  • #13,070
  • May 21, 2009 4:30pm May 21, 2009 4:30pm
Quoting nAVIN2007
what does this chart measure? i get confused when i see this chart
sorry to confuse. It's the £ measured against a basket of currencies, the exact make up of it I don't remember. Hussin uses the LFX baskets as part of his daily candle analysis in his trading thread. Often it is useful as it provides a sort of background info for each separate currency on larger time frames (like daily and weekly).
  • #13,071
  • May 21, 2009 6:03pm May 21, 2009 6:03pm
Ken did you get this nice little short?
  • #13,072
  • May 21, 2009 6:11pm May 21, 2009 6:11pm
Quoting PippiNole
Ken did you get this nice little short?
*#@@@_))!!!! I am trying to go long for some darn reason.
Good Trading To All ; Ken Lee
  • #13,073
  • May 21, 2009 6:15pm May 21, 2009 6:15pm
Quoting KENNETH lEE
*#@@@_))!!!! I am trying to go long for some darn reason.
Guys, may I ask who are you talking about?
Are you still spanking Misstress?
  • #13,074
  • May 21, 2009 6:16pm May 21, 2009 6:16pm
Quoting Komissar
Guys, may I ask who are you talking about?
Are you still spanking Misstress?

Yes the dam E/J.. LOL
Good Trading To All ; Ken Lee
  • #13,075
  • May 21, 2009 6:18pm May 21, 2009 6:18pm
Quoting Komissar
Guys, may I ask who are you talking about?
Are you still spanking Misstress?
I spanked her down and Ken is spanking her up.
  • #13,076
  • May 21, 2009 6:19pm May 21, 2009 6:19pm
Quoting KENNETH lEE
Yes the dam E/J.. LOL
OK. Short, I assume, was from hangman on 15M at 131.26.

Could you please tell me what triggered long?
  • #13,077
  • May 21, 2009 6:24pm May 21, 2009 6:24pm
Quoting Komissar
OK. Short, I assume, was from hangman on 15M at 131.26.

Could you please tell me what triggered long?
Actually I imagine he took it off the inside bar at the top. Before the hangman. Then the close below the 50 ema and the next candle failed to make a new low and started back up... Also the price is higher than the previous price action to the left around 2:15 pm..
Good Trading To All ; Ken Lee
  • #13,078
  • May 21, 2009 6:26pm May 21, 2009 6:26pm
Quoting KENNETH lEE
Actually I imagine he took it off the inside bar at the top. Before the hangman. Then the close below the 50 ema and the next candle failed to make a new low and started back up... Also the price is higher than the previous price action to the left around 2:15 pm..
Thanks, Ken
I wish I join you, guys, early - it was a family dinner.

Let's see how the girl behave later.

Actually, I put Fibs on 15M, and 130.90 was a good point to long - 38.2% retracement, and it was rejectd twice.
  • #13,079
  • May 21, 2009 6:28pm May 21, 2009 6:28pm
I am flat now waiting for a new sit. looking for a retest of the ma's and then backup or a break back down and then the retest.and a short.. Either way is good. but waiting for it to show it's hand..
Good Trading To All ; Ken Lee
  • #13,080
  • May 21, 2009 6:29pm May 21, 2009 6:29pm
Quoting KENNETH lEE
Actually I imagine he took it off the inside bar at the top. Before the hangman. Then the close below the 50 ema and the next candle failed to make a new low and started back up... Also the price is higher than the previous price action to the left around 2:15 pm..
Ken is correct I took the short off the IB.
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