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  #20341 (permalink)  
Old 07-03-2009, 03:25 AM
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Originally Posted by rickos69 View Post
Hi Jolopino. where have you been??? Thank you for sharing.
Hello Rickos. I was busy with my studies and at work. Good sharing is time consuming thing. And there was not a lot of good entries.
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  #20342 (permalink)  
Old 07-03-2009, 03:29 AM
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After a while market give a chance to sell. It was very choppy market. Not always best trades was made by me. Now more or less sure. I am selling pair from 1.4014. you can sell now also. Target will be divided in free steps. First will be fullfiled after 80 pips gaine. Than 150. and longer term target under construction . Stop around 90 from entry
1st target was reached. i am planing to traile stop to 70 pips from entry.
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  #20343 (permalink)  
Old 07-03-2009, 04:14 AM
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Anyone shorting today ?

European Trade is on, anyone shorting today ?

I've entered a Short EURUSD trade at 1.4019

Will wait for some time to add more positions if it continues to go in that direction ...
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  #20344 (permalink)  
Old 07-03-2009, 04:22 AM
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Originally Posted by asherewt View Post
European Trade is on, anyone shorting today ?

I've entered a Short EURUSD trade at 1.4019

Will wait for some time to add more positions if it continues to go in that direction ...
I went long at 1.400 ...
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  #20345 (permalink)  
Old 07-03-2009, 04:25 AM
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Originally Posted by Vilgax View Post
I went long at 1.400 ...
There might be a chance to return to 1.4000 in about 6 hours for some option expiries, but in the meantime cable could break under 1.6320.
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  #20346 (permalink)  
Old 07-03-2009, 04:51 AM
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Originally Posted by melbgirl View Post
There might be a chance to return to 1.4000 in about 6 hours for some option expiries, but in the meantime cable could break under 1.6320.
I went in for 20/30 pips as it looks to me like it will go to 1.4040 and then reverse or just carry on up...you know SuperEuro style...
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  #20347 (permalink)  
Old 07-03-2009, 05:23 AM
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Question party is over?

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Originally Posted by asherewt View Post
Hi Sibi,

Just wondering how did you go yesterday and what the closing revealed on EUR/GBP/AUD against Greenback

Dont take me wrong but I'm really interested to understand the basis of your call yesterday.
i was looking yesterday 1.4124 range.It didnt hold.today if it cant hold above 1.4060,seems to me like it is on its way back to 3830 level.
if some positive news comes favoring euro from china or from any high officials then, chance for the dip to 1.3830 will accelerate i think.
Yesterday if it could manage to above 4124 and close 4170-80, then i think a fresh long term break out to a range of 1.4800 level can emerge.
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Old 07-03-2009, 05:52 AM
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a quick look at the basic fundamentals will reveal everything about where USD is heading. ASX, Nikei, DAX, CAC, FTSE, and Dow Jones Futures are all printed in RED color today.



Quote:
Originally Posted by sibi View Post
i was looking yesterday 1.4124 range.It didnt hold.today if it cant hold above 1.4060,seems to me like it is on its way back to 3830 level.
if some positive news comes favoring euro from china or from any high officials then, chance for the dip to 1.3830 will accelerate i think.
Yesterday if it could manage to above 4124 and close 4170-80, then i think a fresh long term break out to a range of 1.4800 level can emerge.
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  #20349 (permalink)  
Old 07-03-2009, 06:17 AM
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I would rather close the week with last night's positive results than getting in on either side on a Friday which happens to be a US holiday. Covered last short cable trades at another failure at 1.6320.

See you next week.
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  #20350 (permalink)  
Old 07-03-2009, 06:55 AM
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happy weekend

that's it for me as well.

closed my shorts on the eur-usd yesterday around 1.3940 and pretty happy that the pair came back that much.

just took 10 pips on the gbp-usd when it dipped below 1.6320.

in the end not much profit for me this week, but at least i came out of the drawdown and even ended with a small profit. i feel there is some room for both the eur-usd and the gbp-usd to fall, but it may rebounce and start another wave any time as well.

good luck everybody and happy weekend!
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  #20351 (permalink)  
Old 07-03-2009, 07:16 AM
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Something Diff: S&P 500 Analysis on Light Holiday Trade

S&P 500: We are not recommending any trades on the holiday lightened session of trade and instead will take the opportunity to broaden our scope outside of currencies to take a look at developments within the equity markets. A closer look at the daily S&P chart shows the potential formation of a head & shoulders topping pattern which looks to be in the process of carving out the right shoulder and on the verge of a break of neckline support by the 880 area. Look for a close below 880 to confirm and open the door for a more significant decline over the coming days back towards a measured move pattern objective by 800. As things have been correlating of late, any pickup in equity selling could very well translate into additional broad based USD buying on a flight to safety mentality trade.

Happy 4th!!


All my best,

Joel
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  #20352 (permalink)  
Old 07-03-2009, 07:18 AM
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hi everyone i am also of great week and can enjoy my weekend market are to slow today enjoy
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  #20353 (permalink)  
Old 07-03-2009, 07:26 AM
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Out

Agreed Melbgirl

Out with a small profit at 1.3985.

Too much of risk as being last day of the week.

Good luck to everyone and have a nice weekend.



Quote:
Originally Posted by asherewt View Post
European Trade is on, anyone shorting today ?

I've entered a Short EURUSD trade at 1.4019

Will wait for some time to add more positions if it continues to go in that direction ...
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  #20354 (permalink)  
Old 07-03-2009, 07:38 AM
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finally it's going up....dang if one learns anything in this game it's PATIENCE...
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  #20355 (permalink)  
Old 07-03-2009, 07:49 AM
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Thumbs up Euro target at 1.388

Dollar remains generally firm despite smaller than expected losses in Asia and low volume activity in Europe. With US markets out for a long weekend, market activity to start unwinding in a couple of hours. Weaker than expected UK services PMI and disappointing Eurozone retail sales may signal the beginning of the next consolidation in data following the phase of slowing deterioration-which was zealously cheered by the markets. GBPUSD looks to test 1.6270 while recovery cpaped at 1.64 and EURUSD gains seen limited at $1.4070.
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