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06-06-2008, 09:52 AM
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how about Yen, bro?
Quote:
Originally Posted by stryker
the charts posted were for 8 hrs. they are not as precise as 4 hrs.
i have loaded up b/w 166.03 and 14 and i had more waiting uptil 166.30 as NFP could spike things out.
nevertheless i have shed about 30% around 165.65 previous stall on the surge.. others intact and would be getting out gradually and only 1 or 2 would be left for perhaps 2-300 pips drop if it comes...
furthermore i have longs in euro shorts on swissy and longs in gbp doing wonders...
this has been a blessed NFP and i look forward to more gains against USD.... hopefully after the 10 AM we should accelerate.......
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Been shorting it above 106..... any prospects in this trade? how low can it go? |
06-06-2008, 09:59 AM
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This thread has gotten pretty busy!
EURUSD has been more or less drifting in my opinion. I have avoided the choppy back and forth since the break from the rising trend channel back in April lost steam.
Instead, I'm keeping a close eye on USDCHF which is finding itself more closely correlated to EURUSD and losing its ties to USDJPY. If this continues, we could be seeing something interesting happening soon as USDCHF has consolidated into the apex of a tight wedge. It's looking more and more like a major breakout is in the works. Of course since USDJPY and EURUSD aren't offering the same setup - the franc-based pair may just trickle through the technical push rather than make for the massive breakout since the most aggressive move would come from dollar selling or buying encouraged through the more liquid pairs - since USDCHF is a follower and typically catches its draft from big dollar moves in the other pairs.
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06-06-2008, 10:02 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Quote:
Originally Posted by pound yen
Been shorting it above 106..... any prospects in this trade? how low can it go?
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i dunno how and where it would go, just that my stops resides above 166.36 and henceforth my heavier lots are rt before them...
it is a tech approach and simply to me was worth a risk.
my initial tgt is 165.10
followed by 164.30
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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06-06-2008, 10:02 AM
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Join Date: Feb 2008
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Watch trendline on th 8 hour chart
We are approaching two TL on the 8h chart EUR/USD. T1 highs established on 4-22, 5-26 at 1.5749 and T2 with highs established on 4-22, 5-21, 5-25, 5-26 at 1.5703. EUR/USD could bounce back short term.
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06-06-2008, 10:16 AM
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Also see a couple of resistance lines coming in between 5703 and 5710
Clear break and not too much before the 5816 may high
gonna short 5700 for pull back towards 5620 with tight SL (5715)
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06-06-2008, 10:32 AM
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Break of 1.57 on Monday?
Quote:
Originally Posted by bvl
Also see a couple of resistance lines coming in between 5703 and 5710
Clear break and not too much before the 5816 may high
gonna short 5700 for pull back towards 5620 with tight SL (5715)
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There will be a lot of buying interest above 1.5710/20 due to heavy stop loss activity. Today the break above 1.57 might not happen as it is Friday but there are allways Mondays following. |
06-06-2008, 10:37 AM
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Join Date: May 2008
Posts: 87
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Quote:
Originally Posted by pf0351
There will be a lot of buying interest above 1.5710/20 due to heavy stop loss activity. Today the break above 1.57 might not happen as it is Friday but there are allways Mondays following.
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true, if we're not moving lower today, i'll have a TP around 1,5665 for asian opening. and the stop stays at 5715 for a max 10 pips loss. it's worth a try as i made some money on the move up (only from 5660 to 5705 so not the whole move, but still a cool 45 pips in 20 mins)
Also short the S&P, so had a good day and trying to push my luck now......let's see how that goes (if it goes well i'll be buying a lottery ticket this weekend!) lol
Last edited by bvl; 06-06-2008 at 10:41 AM..
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06-06-2008, 10:44 AM
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no lottery ticket for me  |
06-06-2008, 11:27 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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closed swissy / pounder / fiber all for a very decent gains.. i went long minutes before the NFP.. single lots on swissy and gbp closing at around the highs of the day. euro i have 1 lot still running for a possible 5810 test.....
swissy reversed at 1214 with a single lot and might take hedge shorts on euro on next failure to top 5750 which also happnes to be a decent resis.
eurppy needs to drop below 165.40 soon or i will bail out on all and leave one open from the high.....
i hope we all made out on this one......
GL ALL.......
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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06-06-2008, 11:29 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,908
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Quote:
Originally Posted by fxaprendiz
Just opened a small short at 1.5720...stop loss 50pips away... TP to be decided.
price just formed what looks to me like a small bearish butterfly... if it goes up to 1.5732 it will form a crab...and it should go down from there; if it goes beyond that, well, my short go to hell, lol... altought I think with +450pips profits from yesterday, I can afford it
P.S. Does anyone know how to make a signature to post in every message? I dont see that feature anywhere in the thread.
Well, for now, here's this temporary one:
Don't do anything just because I say I did it!!! I'll say it again, I'm only a beginner, an apprentice, and my posts are only for sharing and hopefully help each other. They don't constitute trading signals or forex advise.
Ok...now my conscience is at peace |
you should find it through the EDIT option...
i like the discipline you carry on your trades.......... it is a must next to emotions and on a longer run would yield better trading results....
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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06-06-2008, 12:09 PM
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Registered User
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Join Date: Jun 2008
Posts: 3
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Jackclown Style
Hello all,
Here goes my "Jackclown Style" chart 
Best Regards |
06-06-2008, 12:25 PM
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Join Date: Jan 2008
Posts: 4
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Euro/USD Gartley pattern
Fxaprendiz,
Now that your Gartley has been completed so successfully at 1.5345, what is the upside reversal calculations for the Euro, currently at 1.5740, or do you still believe in the lower butterfly forming later
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06-06-2008, 01:09 PM
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Join Date: Feb 2008
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crude is setting new record highs at $ 135+
Crude oil is on fire!! Bad for the Dollar. . .
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06-06-2008, 01:48 PM
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Join Date: Feb 2008
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crude now at $ 136.60
still going up, there is no end to it!!
Federal Reserve Bank member Richard Fisher (Dallas) will be live on CNBC at 14:00 hours Eastern time. He is known to be hawkish on inflation.
Bio, of Richerd Fisher, click on this link:
http://www.dallasfed.org/news/bios/fisher.html
Last edited by pf0351; 06-06-2008 at 02:08 PM..
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06-06-2008, 02:24 PM
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crude above $ 138
Crude still raising, above $ 138 now!
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