Trade what you see NOT what you expect

I started to go short after the H1 hangingman closed...Anyway i am thinking to open an other account as well...As soon as i can cover one of them at BE could not be a big problem....Better probability to make more profit...Any warnings or good advice about that???I would apretiate your opinion about that...

stopped out

now this mofo needs too cross this...then we hit a home run!..place the seat belts

thats one hell of a short brother!..keep it up bro

Hi Navin

Thanks Mate

We break 1.6550 it is is going to be huge as R3 is not far away

I have longs at

1.6280
1.6387
1.6481
another long will be placed around 1.6580

come on cable go to the sky

according to a professional broker I was talking to on Sunday he says it is fairly common for GBPUSD to go a further a 100 pips once it crosses R3, we will have to see if what he says is correct

Hey bro! Just to let you know, I've taken another short from 6550, I still have my long position open as well, covered green. Not necessarily looking for a run to 6260 from here, but I believe we will pullback. SL on my shorts are at 6570.

I'll be back on later on.

Be well!

yo EO
I do agree, i think this is quite a interesting area, and likely to be a pullback b4 we fly through..market will do all it can make shorters feel that caught the top and buyer to believe this is the blasted top..

learning fast aye bro?

so far its all going to plan bro!..just one more hurdle

Nice One Bro, you know me I may join you in a little short, I love pullbacks as it gives one a chance to add to the longs, chat to you later

How are you Ken?

Did you have a good weekend?

It was nice and quite,, looks like your doing well.. Great trading keep it up.

Here was a interesting article that showed up on my news ticker..Can't post a link ( sorry)

(DJ) =DJ FOREX VIEW: Retail Forex Trade Grew Due To Lehman's Demise

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

By Riva Froymovich
Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--Investors have sold stocks, fretted over the value of U.S. debt and switched savings accounts from one bank to another over the past year, but foreign exchange retail clients have been far from crisis mode.
Even as volumes have been declining among institutional currency investors, the retail side keeps growing, unabated and undeterred by headlines and general market fears that usually send non-professional investors running.
The collapse of Lehman Brothers had no negative effect on retail currency traders, but created more opportunities.
This has been the product of historically high levels of volatility in exchange rates and fresh technology that has offered a lucrative alternative to equities. "Even when it sounded like the world was going to end, [retail investors] continued to see they could make some money in foreign exchange...even retail, who usually leave the market in these periods," said Jonathan Butterfield, director of communications for currency settlement firm CLS Group in London.
Independent research and advisory firm Aite Group confirms that this is a broad trend.
"[Interviews] with execution venues, large foreign exchange banks, and CLS suggest that the retail market continues to grow," said Sang Lee, co-founder and managing partner of Aite, updating a report released in January that showed average daily trade volume in the retail market increased from $10 billion in 2001 to close to $100 billion by end of 2008.
The commercials on 24-hour business channels could be evidence enough. Who could miss the unremitting Forex.com ads? The company is currently expanding from the U.S. into the U.K. and Europe.
This comes despite the fact that foreign exchange trading is recognized as a very risky endeavor, and at a time when the consequences of taking on too much risk is so apparent.
"As a result of the financial crisis, retail investors have lost faith in the stock markets and are unhappy with low interest rates on savings," Matthew Wright, regional director of FOREX.com UK, said in a statement. "In lieu of traditional investments, research shows retail investors are increasingly looking at alternative asset classes such as forex as an opportunity to generate positive returns."
Technology has played no small role here.
Sang Lee of Aite says, "there have been growing interest and investment in establishing better automation in the client to dealer market."
A former top currency trader at Morgan Stanley, Douglas Borthwick, recently launched Cinneas Foreign Exchange, a new commodity trading adviser, with another Morgan Stanley veteran.
"Now, people are looking at something else...and we have the technology platforms to offer it," said Borthwick.
Technology has come to foreign exchange from the same source as clients: the equity market.
Execution management systems (EMS), which aggregate different liquidity sources, and complex event processing (CEP) vendors, which analyze market events with algorithmic models, are being applied in the retail space, said Mayiz Habbal, head of securities and investments practice at Celent in New York. Online platforms have also incorporated stop and limits orders, relatively risky levels of leverage and customizable charts and interfaces. "If you are tech savvy, there are plenty of opportunities right now that give you access," said Habbal.

Thanks Ken

Good evening lady and gentlemen.

Great job bro! I'm still in my longs and even added a bit at the m15 21 ema... I will be adding at the m15 50 should we get there as well... I see 6600 and higher in our future...

Great going Nav....

Good evening Pippi....

Hello my brother from another mother.

I am on the long bus on GU with you and am both ways on the Mistress. I made some very nice pips since last nights Asian session and I see you have as well.