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Trade what you see NOT what you expect

  • #14,261
  • Jun 3, 2009 7:22pm Jun 3, 2009 7:22pm
I'm flat on GU and still have some longs on EJ. Have a good night.
  • #14,262
  • Jun 3, 2009 7:24pm Jun 3, 2009 7:24pm
Quoting PippiNole
I'm flat on GU and still have some longs on EJ. Have a good night.

good night Great trading... CYA tomorrow..
Good Trading To All ; Ken Lee
  • #14,263
  • Edited 12:21am Jun 4, 2009 12:03am | Edited 12:21am
Hi all,

4H closed as pin back inside the tl and above the 5

1H candle is bullish also back inside tl

1H 62 pretty much inline with 38.2 fib from yesterdays move, think we could at least see 1637xx first.....

Alot of news to be aware of today also...could knock this baby around a fair bit.
  • #14,264
  • Jun 4, 2009 12:36am Jun 4, 2009 12:36am
Quoting riggster
Hi all,

4H closed as pin back inside the tl and above the 5

1H candle is bullish also back inside tl

1H 62 pretty much inline with 38.2 fib from yesterdays move, think we could at least see 1637xx first.....

Alot of news to be aware of today also...could knock this baby around a fair bit.
Good morning to you.
what if we break the 1,637xx level?
Keep It Simple Stupid
  • #14,265
  • Jun 4, 2009 12:52am Jun 4, 2009 12:52am
Quoting Alastair
Good morning to you.
what if we break the 1,637xx level?
Morning mate,

I really dont Know, we certainly havnt broken this strong uptrend yet.

We can only go on what we see and im just going to stick with the setups when they come.

The news today will either help her back up and continue the uptrend, or to break the lows for a move lower.

Saying this i have very little experience compared with most of the others in here...still got a way to go to understand PA..getting there but i believe it takes a lot of time..theres so much i miss when looking at the charts.

So i await the next setup! Have a safe day, dont forget the news releases
  • #14,266
  • Jun 4, 2009 12:54am Jun 4, 2009 12:54am
thanx for your input, i have a long at the mo but i always close my green posis to soon i have this one covered in green but decided to just let it be!
Quoting riggster
Morning mate,

I really dont Know, we certainly havnt broken this strong uptrend yet.

We can only go on what we see and im just going to stick with the setups when they come.

The news today will either help her back up and continue the uptrend, or to break the lows for a move lower.

Saying this i have very little experience compared with most of the others in here...still got a way to go to understand PA..getting there but i believe it takes a lot of time..theres so much i miss when looking at the charts.

So i await the next setup! Have...
Keep It Simple Stupid
  • #14,267
  • Jun 4, 2009 12:57am Jun 4, 2009 12:57am
Quoting Alastair
thanx for your input, i have a long at the mo but i always close my green posis to soon i have this one covered in green but decided to just let it be!
Ok, News in 3 minutes !
  • #14,268
  • Jun 4, 2009 1:16am Jun 4, 2009 1:16am
Quoting riggster
Ok, News in 3 minutes !
you going to wait for the pull back and go long?
Keep It Simple Stupid
  • #14,269
  • Jun 4, 2009 1:26am Jun 4, 2009 1:26am
Quoting Alastair
you going to wait for the pull back and go long?
I am, i was long from earlier 316 but closed at 1H 62 and news.

Just wanted to lock those profits.

Guarantee Eo, pippi and co were long from the very bottom
  • #14,270
  • Jun 4, 2009 1:42am Jun 4, 2009 1:42am
Quoting Alastair
you going to wait for the pull back and go long?
Keep your eye on the 4 hr 10 ema and it is sitting on a 50% fib level.
Good Trading To All ; Ken Lee
  • #14,271
  • Jun 4, 2009 1:47am Jun 4, 2009 1:47am
Quoting KENNETH lEE
Keep your eye on the 4 hr 10 ema and it is sitting on a 50% fib level.
thanx for the heads up.
Keep It Simple Stupid
  • #14,272
  • Jun 4, 2009 4:59am Jun 4, 2009 4:59am
Wowwowweewaaa!!
  • #14,273
  • Jun 4, 2009 5:03am Jun 4, 2009 5:03am
Quoting riggster
Wowwowweewaaa!!
Quickest 200 pips i have ever locked in!
Keep It Simple Stupid
  • #14,274
  • Jun 4, 2009 5:04am Jun 4, 2009 5:04am
what happened, was some news?
  • #14,275
  • Jun 4, 2009 5:06am Jun 4, 2009 5:06am
Quoting Alastair
Quickest 200 pips i have ever locked in!
Awesome mate! id look at taking whats on the table!

Just my opinion though
  • #14,276
  • Jun 4, 2009 5:10am Jun 4, 2009 5:10am
Quoting riggster
Awesome mate! id look at taking whats on the table!

Just my opinion though
my stop was hit @ +200.
Keep It Simple Stupid
  • #14,277
  • Jun 4, 2009 5:12am Jun 4, 2009 5:12am
Quoting Alastair
my stop was hit @ +200.

35/50 anyone??
  • #14,278
  • Jun 4, 2009 5:14am Jun 4, 2009 5:14am
(IGM)[CABLE] is dumping anew and the moves coincide with loose talk of [PM BROWN] resigning. A previously...

[CABLE] is dumping anew and the moves coincide with loose talk of [PM BROWN] resigning. A previously outperforming Gbp market is getting smashed and the headline dumped around 300 points in a few minutes. Low so far is 1.6082 and some bears will inevitably be eyeing the sub-1.60 stops in very thin markets.
Good Trading To All ; Ken Lee
  • #14,279
  • Jun 4, 2009 5:15am Jun 4, 2009 5:15am
(DJ) DJ MARKET TALK: EUR/USD Dragged Down By Sterling Selloff


http://live.gftforex.com/news/dow_jones_logo.gif

1211 GMT [Dow Jones] EUR/USD hits the day's low of 1.4070, dragged down by GBP/USD selling on unconfirmed rumors of UK PM Brown resigning. A trader says the market rushed to sell the pound and when it couldn't get enough sold, hit the euro next. EUR/USD is back up at 1.4115, sterling is now back at 1.6220 after the UK Government says Brown resignation rumor "complete nonsense." (GST)
Good Trading To All ; Ken Lee
  • #14,280
  • Jun 4, 2009 5:16am Jun 4, 2009 5:16am
News feed says a us name sold the pound on rumours of Brown resigning, however, a later news post indicates sceptism about the rumour, as the earliest any resignation news would come would be after the european election results were known, which would be Friday.
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