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Trade what you see NOT what you expect

  • #20,381
  • Jul 30, 2009 10:26am Jul 30, 2009 10:26am
Quoting Infinity
I move to nominate FOURX.
Infinity, I would be up for it,but i'm hardly here i miss pages of chat, I stay logged in but i just flit in and out
  • #20,382
  • Jul 30, 2009 10:28am Jul 30, 2009 10:28am
Here's a zinger trade for everyone. If we don't break 6529, then we will have made a lower high and yesterday a lower low. So, what does this mean? It means if you can find a seat around 65xx near the end of the US Session, take it and look to target 633x.
Just digging in the trenches like everyone else!
  • #20,383
  • Jul 30, 2009 10:37am Jul 30, 2009 10:37am
Quoting eohater
Here's a zinger trade for everyone. If we don't break 6529, then we will have made a lower high and yesterday a lower low. So, what does this mean? It means if you can find a seat around 65xx near the end of the US Session, take it and look to target 633x.
i'm thinking the next dive will be below 6337? what do you think? are you targeting a double bottom?
  • #20,384
  • Jul 30, 2009 10:43am Jul 30, 2009 10:43am
Quoting PippiNole
Yes on both accounts.
Nice one Bro I knew you would not miss it
  • #20,385
  • Jul 30, 2009 10:58am Jul 30, 2009 10:58am
Quoting davids
Nice one Bro I knew you would not miss it
Thanks!

I take it you are doing well?
  • #20,386
  • Jul 30, 2009 11:02am Jul 30, 2009 11:02am
Quoting PippiNole
Thanks!

I take it you are doing well?
Great day to today bro had longs on ej gy and gu currently long and short on GU, 11 trades no losses


How your day going?
  • #20,387
  • Jul 30, 2009 11:15am Jul 30, 2009 11:15am
Quoting davids
Great day to today bro had longs on ej gy and gu currently long and short on GU, 11 trades no losses


How your day going?
That is great!

I have done pretty well ,rode EJ up to the 15 min 200 then shorted back down to 133.35(support area) then I went back to bed. When I got out of bed I saw that the 21 ema was holding so I added back to my longs at 133.72. Shorted off the top flat candle and hangman. Missed the bounce but back long after the hammer off the 10 ema on the 15 min. That was just EJ but I don't want to overwhelm the note taker of the day.
  • #20,388
  • Jul 30, 2009 11:24am Jul 30, 2009 11:24am
The 5/10/50 on h4 looks like a long could be on soon..possibly in the 6430-50 area.... I'm not convinced yet that we will see a big drop right now... I have taken profit and covered my shorts... will check back later to see what's brewing...
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 37 KB
Patience + Discipline - Greed = Success
  • #20,389
  • Jul 30, 2009 11:30am Jul 30, 2009 11:30am
Quoting PippiNole
That is great!

I have done pretty well ,rode EJ up to the 15 min 200 then shorted back down to 133.35(support area) then I went back to bed. When I got out of bed I saw that the 21 ema was holding so I added back to my longs at 133.72. Shorted off the top flat candle and hangman. Missed the bounce but back long after the hammer off the 10 ema on the 15 min. That was just EJ but I don't want to overwhelm the note taker of the day.
  • #20,390
  • Jul 30, 2009 11:38am Jul 30, 2009 11:38am
Quoting AmeriTrini
i'm thinking the next dive will be below 6337? what do you think? are you targeting a double bottom?
That's exactly what I'm eyeing!
Just digging in the trenches like everyone else!
  • #20,391
  • Jul 30, 2009 11:42am Jul 30, 2009 11:42am
Alright, I'm back from lunch! I hope people cashed in on the short from the 65xx area. Now, let's look at our h4. We see a prior inverted hanging man that followed a full bullish h4. The last h4 closed gave us a pin, with a lower high. I can see a possible run still to the 655x area, but I will short her there should we get that price and be tageting the 633x area. Sellers have shown up and held their ground. I do still have concerns about EU driving price north, would not be surprised to see this happen before the end of our next h4 candle close to get that short from 655x. Short from the 655x with SL above 6589.
Just digging in the trenches like everyone else!
  • #20,392
  • Jul 30, 2009 11:44am Jul 30, 2009 11:44am
Possiblity for longs out of 646x-644x to try and make a charge higher. We should all recognize this level. It's been a key level for a couple of weeks now.
Just digging in the trenches like everyone else!
  • #20,393
  • Jul 30, 2009 11:46am Jul 30, 2009 11:46am
Please pay attention to the trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 37 KB
Just digging in the trenches like everyone else!
  • #20,394
  • Jul 30, 2009 11:47am Jul 30, 2009 11:47am
GBP_USD Spot.png

hi Guys

the monthly,as long as we dont get a spike up today and tommorow,may print a HangMan....at 38% Fibo and also capped by the 200 Sma....BUt if we gat a close above 1.6530 and +150 pip tommorow,we will than print a BULLISH monthly...
so this weeks close may give further clues

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 12 KB
  • #20,395
  • Jul 30, 2009 11:48am Jul 30, 2009 11:48am
Quoting baz
GBP_USD Spot.png

hi Guys

the monthly,as long as we dont get a spike up today and tommorow,may print a HangMan....at 38% Fibo and also capped by the 200 Sma....BUt if we gat a close above 1.6530 and +150 pip tommorow,we will than print a BULLISH monthly...
so this weeks close may give further clues

baz
EXCELLENT post bro! We've been saying this monthly candle will provide us direction. Everyone should print this post and save it and study it and recognize it.
Just digging in the trenches like everyone else!
  • #20,396
  • Jul 30, 2009 11:54am Jul 30, 2009 11:54am
Quoting eohater
EXCELLENT post bro! We've been saying this monthly candle will provide us direction. Everyone should print this post and save it and study it and recognize it.
Hi Eoh
yes,lets hope we dont get a BORING SUMMER RANGE.....

Take care and will keep in touch

Hi Infinity
my sons watching ARSENAL play this W/E,....i told him we are going to find this season Tough...

baz
  • #20,397
  • Jul 30, 2009 11:57am Jul 30, 2009 11:57am
Quoting eohater
Alright, I'm back from lunch! I hope people cashed in on the short from the 65xx area. Now, let's look at our h4. We see a prior inverted hanging man that followed a full bullish h4. The last h4 closed gave us a pin, with a lower high. I can see a possible run still to the 655x area, but I will short her there should we get that price and be tageting the 633x area. Sellers have shown up and held their ground. I do still have concerns about EU driving price north, would not be surprised to see this happen before the end of our next h4 candle close...
Hi,


EO could you post your H4 chart please, i think mine looks different that you explained..Thanx
  • #20,398
  • Jul 30, 2009 11:59am Jul 30, 2009 11:59am
Quoting Isty
Hi,


EO could you post your H4 chart please, i think mine looks different that you explained..Thanx
Sure! I should have included it since some people's h4's close at different times.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 44 KB
Just digging in the trenches like everyone else!
  • #20,399
  • Jul 30, 2009 12:11pm Jul 30, 2009 12:11pm
Quoting eohater
Sure! I should have included it since some people's h4's close at different times.
Thanx, mine is nearly the same, i just misunderstood...
Anyway this week has not been good for me, thanx for my impatience ...Anyone hasa good idea how could i discipline myself???
  • #20,400
  • Jul 30, 2009 12:21pm Jul 30, 2009 12:21pm
Quoting baz
Hi Eoh
yes,lets hope we dont get a BORING SUMMER RANGE.....

Take care and will keep in touch

Hi Infinity
my sons watching ARSENAL play this W/E,....i told him we are going to find this season Tough...

baz
Hey Baz

If everyone was selling gu like how arsenal are selling players we would be back down to 1.35xx by now... ===> ...I think they will be replaced with good players though.. and I am looking forward to the new season...

I trust you guys will have an enjoyable time at the games... I have to see that stadium in the near future...
Patience + Discipline - Greed = Success
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