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Trade what you see NOT what you expect

  • #19,101
  • Jul 16, 2009 11:31pm Jul 16, 2009 11:31pm
Quoting eohater
Anyone in a trade currently?
Morning Bro I was short from 1.6417 and 1.6413 I have just closed them and am looking to go long
  • #19,102
  • Jul 16, 2009 11:38pm Jul 16, 2009 11:38pm
Quoting davids
Morning Bro I was short from 1.6417 and 1.6413 I have just closed them and am looking to go long
Morning bro!

My shorts are still open and I've already taken a long at 6475 as well.
Just digging in the trenches like everyone else!
  • #19,103
  • Jul 16, 2009 11:40pm Jul 16, 2009 11:40pm
Quoting eohater
Morning bro!

My shorts are still open and I've already taken a long at 6475 as well.
My shorts were triggered at 6445 during the end of the US Session.

Good job on your 75 pipparoni's you grabbed during the US Session.
Just digging in the trenches like everyone else!
  • #19,104
  • Jul 16, 2009 11:40pm Jul 16, 2009 11:40pm
Quoting eohater
Morning bro!

My shorts are still open and I've already taken a long at 6475 as well.
long 1.6373 and long EJ 132.057
  • #19,105
  • Jul 16, 2009 11:42pm Jul 16, 2009 11:42pm
Quoting eohater
Morning bro!

My shorts are still open and I've already taken a long at 6475 as well.
6475?
  • #19,106
  • Jul 16, 2009 11:43pm Jul 16, 2009 11:43pm
Quoting eohater
My shorts were triggered at 6445 during the end of the US Session.

Good job on your 75 pipparoni's you grabbed during the US Session.
Ended up with 108 in the end before I bored and hungry great way to trade when there is not much going on.
  • #19,107
  • Jul 16, 2009 11:44pm Jul 16, 2009 11:44pm
Quoting davids
Hi All

I see I picked the pefect day to go to London as not a lot has happened since I left this morning.

I am a bit annoyed I set a pending buy order at 1.6480 thinking that a break of 1.6470 we would see 1.65xxx Well the pending order opened with a spike only to reverse and now I have trade with a negative 42 pips. I am not concerned as at some point we will get back there so will leave it open
How far is London for you bro?

I understand about your PO you had today. This is my biggest problem with setting a PO and walking away. I wanted the h1 to close over 6470 to continue northbound. A stupid ass spike grabbed you and stuck you over a barrel. My h1 closed at 6469. Amazing how just 2 pips can make a difference
Just digging in the trenches like everyone else!
  • #19,108
  • Jul 16, 2009 11:45pm Jul 16, 2009 11:45pm
Quoting davids
6475?
6375 I'm sitting in the dark and not proof reading what I'm typing. Damn fingers.
Just digging in the trenches like everyone else!
  • #19,109
  • Jul 16, 2009 11:46pm Jul 16, 2009 11:46pm
Quoting eohater
6375 I'm sitting in the dark and not proof reading what I'm typing. Damn fingers.
  • #19,110
  • Jul 16, 2009 11:48pm Jul 16, 2009 11:48pm
Quoting eohater
How far is London for you bro?

I understand about your PO you had today. This is my biggest problem with setting a PO and walking away. I wanted the h1 to close over 6470 to continue northbound. A stupid ass spike grabbed you and stuck you over a barrel. My h1 closed at 6469. Amazing how just 2 pips can make a difference

I am 62 miles from london its about an hour by train there is a fast train that does not stop anywhere
  • #19,111
  • Jul 16, 2009 11:49pm Jul 16, 2009 11:49pm
Quoting davids
I am 62 miles from london its about an hour by train there is a fast train that does not stop anywhere
BRB, my daughter is upset.
Just digging in the trenches like everyone else!
  • #19,112
  • Jul 16, 2009 11:52pm Jul 16, 2009 11:52pm
Quoting eohater
How far is London for you bro?

I understand about your PO you had today. This is my biggest problem with setting a PO and walking away. I wanted the h1 to close over 6470 to continue northbound. A stupid ass spike grabbed you and stuck you over a barrel. My h1 closed at 6469. Amazing how just 2 pips can make a difference
I have left her open she will be watched closely today I am hoping we get back there sometime soon if not I will accept the loss and move on to the next train, I am not concerned it is a small lot 0.3 down about £200 right now My breakeven on my 2 trades is 1.6420
  • #19,113
  • Jul 16, 2009 11:53pm Jul 16, 2009 11:53pm
Quoting eohater
BRB, my daughter is upset.
Cool
  • #19,114
  • Jul 16, 2009 11:57pm Jul 16, 2009 11:57pm
as long as EU keeps marching north I will be happy, then longs on GU and EJ could be good
  • #19,115
  • Jul 17, 2009 12:14am Jul 17, 2009 12:14am
Of all the major currency pairs, the GBP/USD saw the least amount of volatility on a percentage basis yesterday. The lack of economic data has given currency traders little to key off of. However the rally in U.S. equities should have helped to push GBP/USD higher and its failure to do so suggests possible exhaustion. There has been a lot of speculation about whether or not the Bank of England will increase their Quantitative Easing program. Based upon the latest comments from Kate Barker who said the easing program has yet to have a meaningful impact on bank lending, another GBP25 billion of asset purchases is not only possible but probable. The IMF and Gordon Brown both warned this morning that the outlook for the U.K. economy is highly uncertain. Because of all of the stimulus programs, the problem lies in the country’s fiscal balances. Debt to GDP is expected to reach 100 percent and to rein that in, the government will either need to cut spending, raise taxes or both. According to Purchasing Power Parity, the British pound is only slightly overvalued. The IMF, who made comments about the U.K. economy today believes that the current level of the pound is “broadly in line” with fundamentals. There is no U.K. economic data on the calendar today which means that the British pound will continue to take its cue from the U.S. dollar.

www.fx360.com
  • #19,116
  • Jul 17, 2009 12:22am Jul 17, 2009 12:22am
Original Strategy: Buy at 1.6310, Target: 1.6470, Stop: 1.6250
New strategy is : Sell at 1.6570, Target: 1.6385, Stop: 1.6630


50% projection of 1.6033 to 1.6470 measuring from 1.6356, the bearish divergences on hourly MACD suggests upside would be limited and price should stay well below 1.6626 61.8% projection level, then cable shall turn south from there.

This off www.actionforex.com


  • #19,117
  • Jul 17, 2009 12:31am Jul 17, 2009 12:31am
Quoting davids
as long as EU keeps marching north I will be happy, then longs on GU and EJ could be good
dont worry long is good on cable..(i think)its just likely going to take another week to go higher...theres a lot of resistance here
this weekly cable will be bullish hopefully and that should push us through next week
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  • #19,118
  • Jul 17, 2009 12:33am Jul 17, 2009 12:33am
Morning David, Guys

Maybe she will move more than 50 pips today hey. Little bombs in India to shake things up but otherwise not much to upset these optimistic overpriced shoppers on the markets yet.
Ride the Bulls bearback!
  • #19,119
  • Jul 17, 2009 12:39am Jul 17, 2009 12:39am
Quoting alcando
Morning David, Guys

Maybe she will move more than 50 pips today hey. Little bombs in India to shake things up but otherwise not much to upset these optimistic overpriced shoppers on the markets yet.
Morning Alan

You are cracking me up
  • #19,120
  • Jul 17, 2009 12:40am Jul 17, 2009 12:40am
Quoting nAVIN2007
dont worry long is good on cable..(i think)its just likely going to take another week to go higher...theres a lot of resistance here
this weekly cable will be bullish hopefully and that should push us through next week

Morning Bro

I agree
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