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  #6256 (permalink)  
Old 06-24-2008, 10:29 AM
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Fundamentals would support only a move higher today, the USD Consumer Confidence report for June due out at 14:00 GMT will be dissapointing causing the EUR to go higher. I will go short the USD/CHF just before the release and close the position a few minutes later.
Good luck to all!
I took half the profits at 1.0352 (USD/CHF)
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  #6257 (permalink)  
Old 06-24-2008, 10:30 AM
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RSI = 80,000++ .... do u think we'll have a bump down soon?
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  #6258 (permalink)  
Old 06-24-2008, 10:36 AM
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how come u shorted usdchf and not long eurusd? just curious.
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  #6259 (permalink)  
Old 06-24-2008, 10:42 AM
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how come u shorted usdchf and not long eurusd? just curious.
I have dual citizenship, US and Swiss, I feel as I do know both countries and what's going on, I can also read stuff written in German published in Switzerland. I just feel more in touch!
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  #6260 (permalink)  
Old 06-24-2008, 10:50 AM
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Originally Posted by pf0351 View Post
I have dual citizenship, US and Swiss, I feel as I do know both countries and what's going on, I can also read stuff written in German published in Switzerland. I just feel more in touch!
hhaa, fair enough. Though you have to pay interest selling usdchf but earn interest buying eurusd. what's afew cents? whatever works.

I've got a small short on eurusd now @ 5611 tgt 5580, SL 56325. Overbought conditions plus, stykers on spot once again, im sure he's short. Next wave up tmr! Still holding on to my long!
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  #6261 (permalink)  
Old 06-24-2008, 10:51 AM
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Thanks for your advice pf0351, I could make 12 pips evewnthough I was late into the action.

Keep them coming

Cheers,
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  #6262 (permalink)  
Old 06-24-2008, 10:59 AM
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I'm short on EURUSD at 1.5610 ... i don't know why i have a feeling that this spike isn't more than just a fake break of resistance. i think the trend will keep going down till 1.5480 then maybe up to 1.5750 something.

any ideas guys?
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  #6263 (permalink)  
Old 06-24-2008, 11:00 AM
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stop loss eating-up right now?
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  #6264 (permalink)  
Old 06-24-2008, 11:05 AM
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Short 1.5616, looking for support around 1.5555. Nice ride up from 1.5476 yesterday. Closed longs for now.
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  #6265 (permalink)  
Old 06-24-2008, 11:12 AM
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hhaa, fair enough. Though you have to pay interest selling usdchf but earn interest buying eurusd. what's afew cents? whatever works.
I think I only pay interest if I keep a position open over night, got to read my statement closely, interesting point you made dennisc.
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  #6266 (permalink)  
Old 06-24-2008, 11:15 AM
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smartboy has a little shameless behaviour in the past
time 2 go 2 1.50s

E.o.m ....................
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  #6267 (permalink)  
Old 06-24-2008, 11:28 AM
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E.o.m ....................
someone analyse this ASAP ... we need to know what our next move should be ...
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  #6268 (permalink)  
Old 06-24-2008, 12:13 PM
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you sure about it?
I am still newbie but it can form as rising wedge to above 1.5650 later
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  #6269 (permalink)  
Old 06-24-2008, 01:19 PM
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Like I said, given a long enough time line, anyone can be right.

Keep up the good work smartboy. You will make MILLIONS.
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  #6270 (permalink)  
Old 06-24-2008, 03:15 PM
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hedge shorts in at 5572.. would consider another one around 5605-13 if it gets there...
i think we head down this time hard.. but just to be sure hedge needs to be in...

GL ALL......... now will see after a while..
5477 long out at 5602 on the pull back from the highs, proctective stop got triggered..
5572 shorts closed for 1 pip.. managed shorts from 5606 and 5618 closed them all at 5571...

will reasses tomorrow for fresher trades...

GL ALL........
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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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