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Kenneth Lee replied May 14, 2009There were a couple of quick trades just now.. The GBP had retest of the 21 ema , without going higher 20 pip candle could have grabbed 12 to 15.. I didn't take that one but I dd take the similar trade off the E/J retest of the 35 sma.. didn't make ...
Trade what you see NOT what you expect
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Kenneth Lee replied May 14, 2009The cable closed above the 50 EMA on the HR but not a great pin about 50% wick and 50% body.. The E/J closed back above the HR trend line..Indescisive also..
Trade what you see NOT what you expect
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Kenneth Lee replied May 14, 2009Could jst use your consolidation patterns.. It Normally exits consolidation in the same direction it enters. SO if it was a short entry it will be a short exit. about 80% of the time.. Just a thought and to much time stareing at a computer screen.
Trade what you see NOT what you expect
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Kenneth Lee replied May 14, 2009I think the close of the 4hr in 10 minutes might lead the way.. a pin above the 50 ema would I think help us back up a tad. But as usual we will let price show us the way.. Yes I had taken 15 off the hangman and didn't jump on the 21.. Darn, But ...
Trade what you see NOT what you expect
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Kenneth Lee replied May 14, 2009If you notice most morning around 6:00 to 6:30 we get some movement pre us open.. Maybe below (IGM)[CABLE] is starting to lose its underlying bid as risk aversion steps up a notch at... [CABLE] is starting to lose its underlying bid as risk aversion ...
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009EO 35/50 reverse trade with chart. — EO; On the 35/50 reverse trade. Volume in the market bro! Like the one that happend today during the US lunch time. The trend had been established to be a downward trend, she hit a nice low, 200sma on the ...
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009Here is my 4 hr. It just closed nice pin above the trendline and the shelf...
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009There will be self flogging classes after the sessions over...
Sorry about the miss info about the 50 ema and sma.Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009I don't what EO's reasoning for that price is but I see a shelf on the dailly around there...and a trendline about there . time it gets to that level thes might intersect..
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009My broker doesn't honor orders during news.. So no way to do it.. stop order would get filled to their advantage..
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009THAT'S WHAT I'M TALKING ABOUT BABY !!!

image Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009I was long lucklly I took my profit before the news.. I will wait for the news to settle before I decide. Before the news looked like it was going to go back above the TL.. Boy if anyone is still short of the 62 EMA 1 hr. touch trade on the E/J ...
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009I think you mean 35/50 cross on the 15 minute chart.. One candle must pass through the 35 SMA and the 50 EMA then we reverse on the open of the next candle...
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009EO has staed previouslly that if you wanted cleaner charts stick with the EMA and drop the SMA .
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009Now if I can just remember to look at the higher time frames and trust my eyes... It is all there for us to see, no secrets, just facts.. Should be so easy to do. Any other job you have so much miss-information to weed through.

Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009Herre is a 4 hr shows those areas.
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009Way to go... great trade
,,,Don't worry about the missed trades there will be plenty more. actually I think the 62 ema on the 1 hour confirmed with the 50% fib level was the trade of the day, could still be in play..Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009yes but I was late more off the pin than the reversal trade. I actually had laid back down and got back up..
Trade what you see NOT what you expect
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Kenneth Lee replied May 13, 2009I took some of it but got out when it turned back the first time ..It was a 62 ema at the 50% fib level.
Trade what you see NOT what you expect
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Kenneth Lee replied May 12, 2009Working on my mental aspect of trading....it is a huge part and has been the cause of prior losing trades. I agree it is very frustrating to really understand the strategy and to KNOW it is successfull and not be able to make it work.. So like you I ...
Trade what you see NOT what you expect