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07-16-2009, 08:44 AM
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Posts: 76
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Quote:
Originally Posted by asherewt
Thats the spirit mate 
It has been first loss since more than 4 weeks now. |
Wow, really good performance!!
I was outside and missed EJ short at 133.10  |
07-16-2009, 08:44 AM
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Looks like
Looks to me like 1.4200 - 1.4239 is coming.
Last edited by Steve125; 07-16-2009 at 08:51 AM..
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07-16-2009, 08:54 AM
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Hello guys! Awaiting coming news.. Got one short at 4149, now looking for one more chance to catch high level for a fat short. In god we trust..
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07-16-2009, 08:57 AM
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Posts: 76
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Quote:
Originally Posted by Icefox
Hello guys! Awaiting coming news.. Got one short at 4149, now looking for one more chance to catch high level for a fat short. In god we trust..
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News?? What news do we have |
07-16-2009, 09:04 AM
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Posts: 1,400
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Quote:
Originally Posted by Bull@bear
News?? What news do we have
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Just out.
16 Jul 9:00:29 AM US PHILADELPHIA FED INDEX FOR JULY DECLINED TO -7.5, worse than expected.
__________________
Live Long And Prosper!
Rickos.
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07-16-2009, 09:07 AM
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Posts: 76
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Quote:
Originally Posted by melbgirl
You guys are brave to go short after a breakout high. It is true however that 1.4130 held which was an important level. But the hysteria in the markets about equities baffles me, who is still buying?
They say that it wasn't the FOMC minutes but news about CIT that is responsible for the pullback.
"22:28 AUD/USD: Easing On News That CIT Unlikely To Get Govt Support Sydney,
July 16: Marketwatch is reporting that troubled US lender CIT has said late
Wednesday that discussions with US government agencies have "ceased" and have
advised that there is "no appreciable likelihood of additional government
support being provided over the near term." There was a trading halt on CIT
during the US session with a number of news sources saying that a government
rescue package for CIT was going to be announced. The report suggests that the
future for CIT is uncertain and the news could undermine the extremely positive
mood that was evident on Wall Street on Wednesday.
The AUD/USD has eased below 0.8020 since the CIT announcement with hourly
support found at 0.8005. The AUD/USD trades 0.8016/21. --
John.Noonan@thomsonreuters.com"
Oil also seems to have made a new high for the week.
After a few pips from extreme overbought levels I am out of the market as I don't have a clear idea on what to do.
Maybe Asher will come with his magic charts to enlighten us. I tried the Ichimoku on my GFT charting software but it's not as pretty as his. |
Melbgirl, we are not brave. To open favorable position is just a half of a deal. The issue is to limit your profit/losses(risks) as well as situation allows you. In this quite bullish case I closed 3 shorts at 23,6 fibo rebound, the last one was let to fail out at 4146. Anyway I've stayed in profit. Just a little rule of money management, and nothing else..
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07-16-2009, 09:08 AM
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TO back up Rickos69
10:00 ECONX July Philadelphia Fed -7.5 vs -4.5 consensus, prior -2.2
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07-16-2009, 09:12 AM
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Hi everyone, I was busy trying to survive the session, unscathed after a major rescue operation on cable, now looking for a bounce in EJ to go short. 132.30 should do.
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07-16-2009, 09:13 AM
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Join Date: Jun 2009
Posts: 76
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Quote:
Originally Posted by Icefox
Hello guys! Awaiting coming news.. Got one short at 4149, now looking for one more chance to catch high level for a fat short. In god we trust..
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Closed at 4098 - 61,8 rebound enough
Last edited by Icefox; 07-16-2009 at 09:19 AM..
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07-16-2009, 09:17 AM
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Posts: 76
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Quote:
Originally Posted by rickos69
Just out.
16 Jul 9:00:29 AM US PHILADELPHIA FED INDEX FOR JULY DECLINED TO -7.5, worse than expected.
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Hmmmmm...On calendar, it says LOW significance news.
But EJ moved 70 pips. Do not understand |
07-16-2009, 09:21 AM
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Posts: 249
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Barrier broken
On my charts I see the barrier got broken at 1.41311. High is seen at 1.41671. A pullback towards 1.41 is imminent IMHO. I bought more at 1.41010, putting a stop loss on that one at 1.4090. 1.41992 barrier should be tested some time late this week. If fails to break 1.42 by end of this week, it looks like it would have a downtrend towards 1.3972-1.4015 (conservative outlook). These are again IMO.
Good morning to people in Americas! and Good night to those in Asia/Australia! Happy Trading all!
*I'm leaving GBP/JPY & EUR/JPY trades as of today. Resulted in a loss of 300 pips overall trading those pips in total. Gonna stick to EUR/USD and AUD/USD and USD/JPY as of now! Don't fall for the monsters guys! Good luck!! 
Last edited by kcooperj; 07-16-2009 at 09:39 AM..
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07-16-2009, 09:31 AM
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Quote:
Originally Posted by kcooperj
On my charts I see the barrier got broken at 1.41311. High is seen at 1.41671. A pullback towards 1.41 is imminent IMHO. I bought more at 1.41010, putting a stop loss on that one at 1.4090. 1.41992 barrier should be tested some time late this week or early next week, again IMO.
Good morning to people in US! and Good night to those in Asia/Australia! Happy Trading all!
*I'm leaving GBP/JPY & EUR/JPY trades as of today. Resulted in a loss of 300 pips overall trading those pips in total. Gonna stick to EUR/USD and AUD/USD and USD/JPY as of now! Don't fall for the monsters guys! Good luck!! |
I want to see result today, at least tomorrow in order not to be gobbled up by monsters)))) So first short is set on 4129 |
07-16-2009, 09:42 AM
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Quote:
Originally Posted by Bull@bear
Hmmmmm...On calendar, it says LOW significance news.
But EJ moved 70 pips. Do not understand
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When they look for excuses, anything is possible.
Of course the fact that it was totally off forecasts made a difference.
__________________
Live Long And Prosper!
Rickos.
Last edited by rickos; 07-16-2009 at 09:48 AM..
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07-16-2009, 09:44 AM
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time to buy ?
Quote:
Originally Posted by Steve125
Looks to me like 1.4200 - 1.4239 is coming.
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seems time to buy at 1.4110 with a tight sl 1.4079 tp 1.4149
Last edited by sibi; 07-16-2009 at 09:54 AM..
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07-16-2009, 09:57 AM
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Quote:
Originally Posted by sibi
seems time to buy at 1.4110 with a tight sl 1.4079 tp 1.4137
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It's not typical for euro to begin upmovement (assault) after a designated double top. Hoping top 4166 would be conquered again after a little bit correction |
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