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Trade what you see NOT what you expect

  • #13,241
  • May 26, 2009 9:39am May 26, 2009 9:39am
Quoting Infinity
Morning guys,

I hope everyone had a great weekend.... I know I did! I only had one trade so far this week that was a long from 5785 which I closed at 5935.
I would like a retest of the m15 50s, h1 50/62 or h4 5/10 for another long entry..
Good afternoon.. Great trade...

Thanks for the chart.... and advice...
Good Trading To All ; Ken Lee
  • #13,242
  • May 26, 2009 9:47am May 26, 2009 9:47am
Quoting KENNETH lEE
Good afternoon.. Great trade...

Thanks for the chart.... and advice...
Patience + Discipline - Greed = Success
  • #13,243
  • May 26, 2009 9:50am May 26, 2009 9:50am
Quoting Infinity
Morning guys,

I hope everyone had a great weekend.... I know I did! I only had one trade so far this week that was a long from 5785 which I closed at 5935.
I would like a retest of the m15 50s, h1 50/62 or h4 5/10 for another long entry..
Had a great weekend also but spent a little to much time with Mr. Crown on Sunday.

Nice trade!
  • #13,244
  • May 26, 2009 11:01am May 26, 2009 11:01am
Quoting Infinity
Morning guys,

I hope everyone had a great weekend.... I know I did! I only had one trade so far this week that was a long from 5785 which I closed at 5935.
I would like a retest of the m15 50s, h1 50/62 or h4 5/10 for another long entry..
We may not be going higher at this time. It kinda looks like we're retesting the tl. Plus, the daily looks like it might be rolling over.
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Hi, my name is Barry and you can keep your doctor...
  • #13,245
  • May 26, 2009 12:25pm May 26, 2009 12:25pm
Quoting cisco
We may not be going higher at this time. It kinda looks like we're retesting the tl. Plus, the daily looks like it might be rolling over.
well i dont like it when it doesn't retrace but there are signs of strength still. so i guess we are in a no trading zone until it retraces a bit further... but there is possibility to get a new high and then retrace more...
When life gives you lemons, make lemonade
  • #13,246
  • May 26, 2009 3:24pm May 26, 2009 3:24pm
It looks to me like some awful big boys stepped on that mid-morning rally and every time it started back up the rest of the day it was stepped on again! Up 2 and down 2.

I would say that the 6000 level looks as if it is being protected. Could be the Fed doing it! Political reasons i suspect! Who knows.

Retrace time???? I have been looking for one since 5500. Where did this rally start??? 5100 or so?

I see it signaling a turn on a failure to break 5970. Price may try to test it again but if it fails then...........
  • #13,247
  • May 26, 2009 3:52pm May 26, 2009 3:52pm
Is anybody in a trade. I have a small position in EJ.
  • #13,248
  • May 26, 2009 3:58pm May 26, 2009 3:58pm
im not in a trade

well 1.6xx looks possible... we will get some direction soon maybe when London opens, i wouldn't want to buy from here... price still showing strength but still no retracement...
When life gives you lemons, make lemonade
  • #13,249
  • May 26, 2009 3:58pm May 26, 2009 3:58pm
Quoting PippiNole
Is anybody in a trade. I have a small position in EJ.

your long ? I am waiting Don't feel to confident about a direction yet.. Took a couple of scalps this afternoon about 7 pips each.
Good Trading To All ; Ken Lee
  • #13,250
  • May 26, 2009 4:03pm May 26, 2009 4:03pm
Quoting KENNETH lEE
your long ? I am waiting Don't feel to confident about a direction yet.. Took a couple of scalps this afternoon about 7 pips each.
I still have one soldier from this morning that is covered at +80 and I added some off the last touch of the 21 ema and took 20 off and have 1 more from that area at +2.
  • #13,251
  • May 26, 2009 4:04pm May 26, 2009 4:04pm
Quoting PippiNole
I still have one soldier from this morning that is covered at +80 and I added some off the last touch of the 21 ema and took 20 off and have 1 more from that area at +2.
Great way to build the position.....
Good Trading To All ; Ken Lee
  • #13,252
  • May 26, 2009 4:06pm May 26, 2009 4:06pm
Quoting KENNETH lEE
Great way to build the position.....
Thanks, there is a pretty good trend line in the 133.50-60 area.
  • #13,253
  • May 26, 2009 4:15pm May 26, 2009 4:15pm
yeah E/J and G/J looking great

targets at 133.5x and 152.2x now that we made a new high price can retrace alot so you better set your stop loss at gain or BE
GOOD LUCK
When life gives you lemons, make lemonade
  • #13,254
  • May 26, 2009 4:17pm May 26, 2009 4:17pm
Quoting micho
yeah E/J and G/J looking great

targets at 133.5x and 152.2x now that we made a new high price can retrace alot so you better set your stop loss at gain or BE
GOOD LUCK
  • #13,255
  • May 26, 2009 4:20pm May 26, 2009 4:20pm
Hey Infinity how was your day? Are you in any trades?
  • #13,256
  • May 26, 2009 4:29pm May 26, 2009 4:29pm
Quoting PippiNole
there is an E/J target at 133.38 hit already... 133.5x might some time cause euro is near overbought
When life gives you lemons, make lemonade
  • #13,257
  • May 26, 2009 4:46pm May 26, 2009 4:46pm
little jpy news 4 minutes
Good Trading To All ; Ken Lee
  • #13,258
  • May 26, 2009 4:50pm May 26, 2009 4:50pm
Quoting KENNETH lEE
little jpy news 4 minutes
  • #13,259
  • May 26, 2009 5:12pm May 26, 2009 5:12pm
Ken did you take the short?
  • #13,260
  • May 26, 2009 5:22pm May 26, 2009 5:22pm
Quoting PippiNole
Ken did you take the short?

Yes but not so sure it will go down far..
Good Trading To All ; Ken Lee
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