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Trade what you see NOT what you expect

  • #13,641
  • May 29, 2009 9:33am May 29, 2009 9:33am
Quoting Turtle
Sounds like a great idea Ken, as you seen today, folks get an entry, take profit and covered while looking at longer term targets. :nerd:

HOLLA
No even worse they make more money asleep then I ever have awake.. But it is why we love it here we can learn from people that are doing it right.
Good Trading To All ; Ken Lee
  • #13,642
  • May 29, 2009 9:34am May 29, 2009 9:34am
6115 is the 161.8 fib extension of yesterday's range. Price can't seem to get above it and sustain it. We may indeed be headed for a H1 62 trade.

Not a prediction...just something to be aware of.
Hi, my name is Barry and you can keep your doctor...
  • #13,643
  • May 29, 2009 9:35am May 29, 2009 9:35am
Quoting fx local
interesting monthly charts
could well say its all a dollar play, when it weakens in the main crude will rally,

it shall be interesting to see when the tide turns around.....
Trading is 80% Emotional, 20% Technical
  • #13,644
  • May 29, 2009 9:35am May 29, 2009 9:35am
Quoting Infinity
I second that! ==>
Thanks brother!
Just digging in the trenches like everyone else!
  • #13,645
  • May 29, 2009 9:37am May 29, 2009 9:37am
Quoting fx local
interesting monthly charts
looks like the same pair!
Patience + Discipline - Greed = Success
  • #13,646
  • May 29, 2009 9:39am May 29, 2009 9:39am
Quoting fx local
interesting monthly charts
I've never looked at an oil chart, my position was built purely on historical prices. But, based upon your chart, I'll short the hell out of it at $120. I don't think it'll go that high though.
Just digging in the trenches like everyone else!
  • #13,647
  • May 29, 2009 9:41am May 29, 2009 9:41am
Quoting eohater
I've never looked at an oil chart, my position was built purely on historical prices. But, based upon your chart, I'll short the hell out of it at $120. I don't think it'll go that high though.

stranger things have happened!! if it goes goes to $120 cable then go to 2.00+ .... does seem like one for a few years perhaps not just yet....
Trading is 80% Emotional, 20% Technical
  • #13,648
  • May 29, 2009 9:42am May 29, 2009 9:42am
Quoting cisco
6115 is the 161.8 fib extension of yesterday's range. Price can't seem to get above it and sustain it. We may indeed be headed for a H1 62 trade.

Not a prediction...just something to be aware of.
Nice to see you Cisco!
Just digging in the trenches like everyone else!
  • #13,649
  • May 29, 2009 9:43am May 29, 2009 9:43am
Quoting KENNETH lEE
No even worse they make more money asleep then I ever have awake.. But it is why we love it here we can learn from people that are doing it right.
That's so true Ken.

I actually read my charts very well at midnight.

Did a demo GU long @ 5968 and EU long @ 3990. They hit both my 1st and 2nd targets while sleeping and now I got a runner who is covered.

Want to work on this because once school starts in August I will be trading 4HR charts. This way I wil have both styles working.

It's all about learning everyday.....:nerd:

HOLLA
  • #13,650
  • May 29, 2009 9:44am May 29, 2009 9:44am
Quoting Infinity
Yep.... I see it....!! I think the 639x level may be significant as well...
Yup bro for sure, failure there, would indicate interim top in cable for a move down ....
Trading is 80% Emotional, 20% Technical
  • #13,651
  • May 29, 2009 9:45am May 29, 2009 9:45am
Quoting cisco
6115 is the 161.8 fib extension of yesterday's range. Price can't seem to get above it and sustain it. We may indeed be headed for a H1 62 trade.

Not a prediction...just something to be aware of.

got 4hour 5/10 emas at 1.6040/1.6000 also

200sma 15min & 62ema 1 hour at 1.5982 area
Trading is 80% Emotional, 20% Technical
  • #13,652
  • May 29, 2009 9:48am May 29, 2009 9:48am
Quoting fx local
stranger things have happened!! if it goes goes to $120 cable then go to 2.00+ .... does seem like one for a few years perhaps not just yet....
It's possibly though. But here's one item everyone needs to research and understand. Recessions that are spurred by a financial demise are long and harder to come out of than any other type of recession. They can sometimes lead from one recession into another. Look at the early 80's, we had two back to back financial recessions, then Reganomics came along to spurr us out of it. I truely do not believe the world is coming out of this, I think we will see 6700 on the DOW again, I think dollar strength or risk aversion will come alive again in the dollar, or we could see it in the YEN more than the dollar this time. Only time will tell, but everyone here in the States is jumping up and down screaming we're headed back for 10000 on the DOW and I'm saddened to say otherwise. I pissed people off when we got up to 14000 and said we would be going down and no one believed me then either. I don't really care if one believes me or not, but don't have blinders on. Do your homework and understand history. It repeats itself because many dumbasses don't want to learn from prior dumb ass mistakes. Sorry for the rant!
Just digging in the trenches like everyone else!
  • #13,653
  • May 29, 2009 9:49am May 29, 2009 9:49am
Quoting eohater
Nice to see you Cisco!
Thanks bro, nice to be here.

I'm just glad I'm not the asshole who said this method was hammers and pins.
Hi, my name is Barry and you can keep your doctor...
  • #13,654
  • May 29, 2009 9:50am May 29, 2009 9:50am
Quoting cisco
Thanks bro, nice to be here.

I'm just glad I'm not the asshole who said this method was hammers and pins.
Shit, I about spit my coffee out on the screen!
Just digging in the trenches like everyone else!
  • #13,655
  • May 29, 2009 9:54am May 29, 2009 9:54am
maybe a 50 /50 on the cable 50 ema and 50 fib.. .
Good Trading To All ; Ken Lee
  • #13,656
  • May 29, 2009 9:56am May 29, 2009 9:56am
Quoting KENNETH lEE
maybe a 50 /50 on the cable 50 ema and 50 fib.. .
I took it at 6058 long, 20 pips lower than the price that closed through the 15m 35 with sl at 6040. Profit has been taken at 6095 and covered on the rest.
Just digging in the trenches like everyone else!
  • #13,657
  • May 29, 2009 9:57am May 29, 2009 9:57am
Who likes this pa....?....that is the quickest 40 pips I made this week...
Anybody else bought near 6050...?
Patience + Discipline - Greed = Success
  • #13,658
  • May 29, 2009 9:58am May 29, 2009 9:58am
Quoting eohater
I took it at 6058 long, 20 pips lower than the price that closed through the 15m 35 with sl at 6040. Profit has been taken at 6095 and covered on the rest.
Turtle, you should know this trade setup! We've talked about it with the cross of the 35/50 and the 35 pip rule.
Just digging in the trenches like everyone else!
  • #13,659
  • May 29, 2009 9:58am May 29, 2009 9:58am
Quoting eohater
I took it at 6058 long, 20 pips lower than the price that closed through the 15m 35 with sl at 6040. Profit has been taken at 6095 and covered on the rest.
Quoting Infinity
Who likes this pa....?....that is the quickest 40 pips I made this week...
Anybody else bought near 6050...?
Patience + Discipline - Greed = Success
  • #13,660
  • May 29, 2009 9:58am May 29, 2009 9:58am
Quoting eohater
It's possibly though. But here's one item everyone needs to research and understand. Recessions that are spurred by a financial demise are long and harder to come out of than any other type of recession. They can sometimes lead from one recession into another. Look at the early 80's, we had two back to back financial recessions, then Reganomics came along to spurr us out of it. I truely do not believe the world is coming out of this, I think we will see 6700 on the DOW again, I think dollar strength or risk aversion will come alive again in the...
No problem with the rant bro.....

It's all about the media, hyping every little thing up.

Like I said before until unemployment goes down and the housing market turns around, it's all just hype from CNBC.

HOLLA
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