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Trade what you see NOT what you expect

  • #24,101
  • Aug 25, 2009 9:43am Aug 25, 2009 9:43am
Quoting robgsxr
Not experienced enough to say

My broker FXCM quoted 1.627 target since this morning and I generally use their estimates as lines in the sand

It does seem that the 636xx area is a strong demand however.
There will be a truckload of buyers at 628x. I'll be one of them myself more than likely.
Just digging in the trenches like everyone else!
  • #24,102
  • Aug 25, 2009 9:46am Aug 25, 2009 9:46am
How ironic.

I pay some attention to this pair on demo today and caught this long off the 21 just closed half at 15 pips pos.

If this continues maybe I will divorce cable to spend more time with the mistress

sorry Pippi and EO she's kinda obliging


Quoting 4fun
Looks like the 21 caught e/j left without me
  • #24,103
  • Aug 25, 2009 9:50am Aug 25, 2009 9:50am
hello ..
someone think about Cable Shorting.now?
  • #24,104
  • Aug 25, 2009 9:50am Aug 25, 2009 9:50am
Quoting eohater
Does anyone think we can see 628x today?
My short from the 62 would love that. I only wish I had some more on it.
  • #24,105
  • Aug 25, 2009 9:54am Aug 25, 2009 9:54am
Quoting PippiNole
My short from the 62 would love that. I only wish I had some more on it.
I'd like to see it as well, but we do have the dblhc on the h4 that we're currently still working off of. Might be enough to prevent her from going down that low today.
Just digging in the trenches like everyone else!
  • #24,106
  • Aug 25, 2009 9:56am Aug 25, 2009 9:56am
Got to go and sweat out yesterdays new castles check back later give um hell!
  • #24,107
  • Aug 25, 2009 9:58am Aug 25, 2009 9:58am
Quoting 4fun
Got to go and sweat out yesterdays new castles check back later give um hell!
Good job today! Have a great day!
Just digging in the trenches like everyone else!
  • #24,108
  • Aug 25, 2009 9:58am Aug 25, 2009 9:58am
EO (KBJ) did you catch the short on EJ. I missed it off the top because I had to deal with my pest control guy and the yellow jackets.
  • #24,109
  • Aug 25, 2009 10:00am Aug 25, 2009 10:00am
Quoting eohater
Does anyone think we can see 628x today?
Hi eo

if 1.6309 break
  • #24,110
  • Aug 25, 2009 10:03am Aug 25, 2009 10:03am
Quoting deboooo2005
Hi eo

if 1.6309 break
Hi Deboooo! I hope your Holiday is still going well for you!
Just digging in the trenches like everyone else!
  • #24,111
  • Aug 25, 2009 10:05am Aug 25, 2009 10:05am
Quoting PippiNole
EO (KBJ) did you catch the short on EJ. I missed it off the top because I had to deal with my pest control guy and the yellow jackets.
KBJ here! No, I had a PO set at 136 and she didn't get it. I had it set along with another TP on my longs set there. No worries though!
Just digging in the trenches like everyone else!
  • #24,112
  • Aug 25, 2009 10:05am Aug 25, 2009 10:05am
Quoting eohater
Hi Deboooo! I hope your Holiday is still going well for you!
yeah from time to time watch the market ... its going well thank u
  • #24,113
  • Aug 25, 2009 10:07am Aug 25, 2009 10:07am
AmeriTrini! Good to see you bro! Haven't seen you in a couple of days! I hope the markets have been treating you good!
Just digging in the trenches like everyone else!
  • #24,114
  • Aug 25, 2009 10:08am Aug 25, 2009 10:08am
Quoting deboooo2005
yeah from time to time watch the market ... its going well thank u
Outstanding to hear! When is your Holiday over?
Just digging in the trenches like everyone else!
  • #24,115
  • Aug 25, 2009 10:08am Aug 25, 2009 10:08am
Quoting eohater
KBJ here! No, I had a PO set at 136 and she didn't get it. I had it set along with another TP on my longs set there. No worries though!
That's cool, I did jump on her at 135.35 and got 35 out of it.

My pest control guy may have to come back with a bee suit. There are 100's of nasty yellow jackets in that hole in the ground.
  • #24,116
  • Aug 25, 2009 10:10am Aug 25, 2009 10:10am
Quoting PippiNole
That's cool, I did jump on her at 135.35 and got 35 out of it.

My pest control guy may have to come back with a bee suit. There are 100's of nasty yellow jackets in that hole in the ground.
If he doesn't, he might end up like your gardner and stung like a flower!
Just digging in the trenches like everyone else!
  • #24,117
  • Aug 25, 2009 10:14am Aug 25, 2009 10:14am
Quoting eohater
Outstanding to hear! When is your Holiday over?
september 08
  • #24,118
  • Aug 25, 2009 10:15am Aug 25, 2009 10:15am
Hi Chaps,

I have been lurking here for several days now, and I like what I see...

Here's the best elaboration for you that I can provide. All pairs range, whether that range is 1000 pips or only 10 pips. It's just a big range to me. No matter what time frame I look at, it's all just a range. You see, I have no conviction on direction at any point in time.

I used to trade with conviction on a direction, ie I "think" at the moment cable should drop due to budget deficit, QE etc, and in the past I would simply short and hope for the best, no matter how the price moved. Also I would keep trades open far too long, if I was in profit I would simply move my stop and hope the move would continue. I would then watch it reverse and my profit would vanish!

Now I just trade the moves I see, I don't care whether I go long or short, I take some profit when I see it, I move stops to protect capital. I also don't think twice about closing a trade and reversing if my original trade is not working out. As a result my PL has improved considerably!

Thank you eo and the rest!

Andy
  • #24,119
  • Aug 25, 2009 10:16am Aug 25, 2009 10:16am
Quoting deboooo2005
september 08
Excellent! Enjoy the time you have left!
Just digging in the trenches like everyone else!
  • #24,120
  • Aug 25, 2009 10:18am Aug 25, 2009 10:18am
Quoting eohater
Excellent! Enjoy the time you have left!

i'm going to take my breakfast .... i was fasting .... Ramadan Kareem
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