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  #20491 (permalink)  
Old 07-07-2009, 09:19 AM
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Good shot Ash! Just come from the job, but had enough time to jump to the train))
It can rebound on 3980, but thinking the drop is too sharp
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  #20492 (permalink)  
Old 07-07-2009, 09:30 AM
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Out - enough for today

I'm already out at 1.3985 (just touched my TP) its been a great run since last Thursday.

Enough for today, sleeping time here in Australia

BTW, my long term trade started from 1.4173 is still alive until the exit signal is generated on 4H chart.

Cheers, good luck and Good night.



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It can rebound on 3980, but thinking the drop is too sharp
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  #20493 (permalink)  
Old 07-07-2009, 09:37 AM
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watch out for 1.3900 support levels
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  #20494 (permalink)  
Old 07-07-2009, 09:40 AM
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Good night to Australia!

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Originally Posted by asherewt View Post
I'm already out at 1.3985 (just touched my TP) its been a great run since last Thursday.

Enough for today, sleeping time here in Australia

BTW, my long term trade started from 1.4173 is still alive until the exit signal is generated on 4H chart.

Cheers, good luck and Good night.
Yearh nice drop)) Good night to Australia! I'm just 19.37 here in West Siberia, have enough time to trade and to have my training in a gym))
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  #20495 (permalink)  
Old 07-07-2009, 09:43 AM
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Very well picked up SterlingBull. I posted a chart few days back showing a very strong Kumo cloud curve on that level. Am watching that level for my long term trade.

Thanks.

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watch out for 1.3900 support levels
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  #20496 (permalink)  
Old 07-07-2009, 09:47 AM
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Smile Hoping it turns to be truth

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watch out for 1.3900 support levels
Oh, double bottom! It would be so nice to start looong long from there))
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  #20497 (permalink)  
Old 07-07-2009, 09:54 AM
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Any reversal on that point might be a short term trend only. Have a look at the Crude Oil chart the picture is quite clear for USD over there.

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Oh, double bottom! It would be so nice to start looong long from there))
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  #20498 (permalink)  
Old 07-07-2009, 09:56 AM
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Very well picked up SterlingBull. I posted a chart few days back showing a very strong Kumo cloud curve on that level. Am watching that level for my long term trade.

Thanks.
I'm on short. Do you really think 1.39000 could happen today?
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  #20499 (permalink)  
Old 07-07-2009, 09:58 AM
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Options

Hi, what happens when options expire at 1.3975?? i dont know much about options
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  #20500 (permalink)  
Old 07-07-2009, 10:13 AM
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hold on my friend not so fast ... just hang in there ...

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I'm on short. Do you really think 1.39000 could happen today?
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  #20501 (permalink)  
Old 07-07-2009, 10:17 AM
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Can it get some divergance over there?

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Any reversal on that point might be a short term trend only. Have a look at the Crude Oil chart the picture is quite clear for USD over there.
Yeah, I see. Can it get some divergence over there? I'm not an expert in crude oil affairs..

Last edited by Icefox; 07-07-2009 at 10:24 AM..
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  #20502 (permalink)  
Old 07-07-2009, 10:39 AM
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stop trailed now to 1.4030.
stop was activated, situation unclear for me. from three trades on average I gaine small profit.
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  #20503 (permalink)  
Old 07-07-2009, 10:46 AM
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Hi, what happens when options expire at 1.3975?? i dont know much about options
Well, until they expire, chances are if the people holding the options have the power, the price will hang around the option strike price un til expiration. Then, price will move in the direction that it wanted to in the first place.
What expiration do they have? Today? New York? London?
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  #20504 (permalink)  
Old 07-07-2009, 10:56 AM
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Yeah, I see. Can it get some divergence over there? I'm not an expert in crude oil affairs..
In crude "light sweet" you get contango, and backwardation, for futures contracts, both leading indicators if USD follows the trend of if oil futures go up dollar goes down, and inversely if UDS goes up when futures contracts go down. we had contango, but now we have backwardation.
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  #20505 (permalink)  
Old 07-07-2009, 11:00 AM
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Well, until they expire, chances are if the people holding the options have the power, the price will hang around the option strike price un til expiration. Then, price will move in the direction that it wanted to in the first place.
What expiration do they have? Today? New York? London?
FX/USA Morning Brief

EUR/USD hits a session high at 1.4000 after better than expected German factory orders, with analysts also noting talk of large option expiry in EUR/USD at 1.3975, approx. EUR 500mln. (IFR)
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