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  #8281 (permalink)  
Old 08-07-2008, 11:04 PM
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Quote:
Originally Posted by stryker View Post
you got to be kidding me...

just woke up to drink water and wallah......... im all in red all over.......
placing stops at 5270............. if they are triggered i would be down like 80% of this week's profit....... added longs and 2 more lots to enter at 5280.....
i need 5299 to be out..........

limits are all over.........

i will go back to bed as sitting here im bound to do something crazier then what im into....

BLOOD BATH.................SLAUGHTER HOUSE and it seems like i VOLUNTEER.....

i hope thin mkt conditions would correct itself as pretty sure no more stops to go through..........

ok.......... just changed my s/l to 5240...... if triggered i would be in red for this month........... would add more lots at 5254.......

i hope no once is getting burned........ not the way im.........
any fundies to support this move, as i cannot see any........ don;t matter, it already happened..........

Good Night or Good Day as im hitting the sacks for ZZZZZZZZZZZZZ's...
hope so i can sleep.............

GL ALL.............
Stryker, I hope you have the numbers right. I thought you are long, SL would then go at 51.40, you may missed the last 100 pips drop ? I'm confused...
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  #8282 (permalink)  
Old 08-07-2008, 11:08 PM
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Talking WHO KNOWS?

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Originally Posted by y_2008 View Post
The turning will be quick and big (just like the turning of USD/CAD at 0.9057 and USD/JPY at 95.74). But no one know when and from where. If anyone has any clue from whatever perspective, please share it with us.

I was hit hard with long GBP/USD. The good thing is I moved originial stop loss from 1.9337 to 1.9390.
My charts still say that the dollar bull run has a way to go-MAYBE till the third or fourth week of August. I think there will(must) be a pause and I think it is very close to occurring. The only problem is that my charts are SOOO dollar bullish-when or if will a pause take place?? This pair could go as low as the upper 130's. I know that is very low,but maybe.
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  #8283 (permalink)  
Old 08-07-2008, 11:20 PM
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A lot of buying interests just around 1.5200. 1.5192 could be bottom for this week?
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  #8284 (permalink)  
Old 08-07-2008, 11:20 PM
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Small long from 5230, sl at 5190, just for the heck of it.
Well, Im out at b/e.
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  #8285 (permalink)  
Old 08-07-2008, 11:24 PM
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Talking Why take the chance with your cash?

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Originally Posted by y_2008 View Post
A lot of buying interests just around 1.5200. 1.5192 could be bottom for this week?
You may want to remember something I learned in an FXCM power course-TRADE THE TREND ONLY!
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  #8286 (permalink)  
Old 08-07-2008, 11:29 PM
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Maybe we should try to short this thing and ride it down to sub 150 levels.
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  #8287 (permalink)  
Old 08-07-2008, 11:34 PM
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Originally Posted by willyc View Post
You may want to remember something I learned in an FXCM power course-TRADE THE TREND ONLY!
I almost put a long with 10 pips sl. Now I have to stay back.

Thanks.
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  #8288 (permalink)  
Old 08-07-2008, 11:41 PM
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Going short with a reasonable stop loss seems to be much better strategy right now. TP 5200 and below? Doesn't sound unreasonable to me. For those who still keep short, just trail SL and let the profit run as far as it takes you before your SL got hit.
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  #8289 (permalink)  
Old 08-08-2008, 12:03 AM
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taking new shorts on any decent up move i can. a move back to 5300 would be ideal. then some consolidation and the beating of the euro will resume again next week.
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  #8290 (permalink)  
Old 08-08-2008, 12:25 AM
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EUR/USD weekly trend

The EUR/USD weekly trend is still going bearish. The price may retrace 1.5290 first then it should go down to 1.4450.

Please also look at the P&F chart. The U.S. Dollars Index break upside.
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  #8291 (permalink)  
Old 08-08-2008, 12:29 AM
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hi stryker
what u think how much euro will go down.will it bo to 51 or 50 .......
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  #8292 (permalink)  
Old 08-08-2008, 01:01 AM
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Update since 8/05/08-- post # 8006

RE: a charted take on Jamie's alternate counts & retrace possibilities-- post # 7753
////////////////////////////////////////////

Tuesday 8/05 assessmt.

Quote:
Originally Posted by StriderX View Post

Since neither count and/or retraces panned out to fit the projected wave/fib/TL reactive levels (5782 and 5699)


consider this PA scenario inasmuch as 5514 has been penetrated.
Weekly & Daily Tls as well convincingly violated.

Targets on the way to 5174 (perhaps) 50.0 of 4309--6038
--and the Big C corrective bottom
``

all targets charted reached
--- overshoot too and sooner than expected
Asian stop loss run + option barrier break-out below 5300 and 5200 AS WELL

close to the 50.0 weekly shelf support low of 4309 to high 6038
5174

5191 --a whoping 313ps since the am high (5504)
look for the retest here and potential 20+ p dip below 5174 to settle and base build

excellent accumulation zone 5170/60 to 5200 if the mass dumping short covers and spec longs begin again.
good fader territory at the least.
Expect a sizable retrace into the Euro session--5310/30 a first target to await.

4hr CHARTS
fr. 8/05
and present (possible view to follow)
or may prove to matrix time out into tonight's wash out)


``
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  #8293 (permalink)  
Old 08-08-2008, 01:24 AM
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Stridex I don't understand Whats wrong with Jamie's count

According to Jamies's count wave 3 has completed. alternatively A,B,C where wave A= wave C also seems to completed at 1.5194. So It is very likely that we will see atleast 170-200 point up move for next week or so. I have attached the picture based on Jamie's count which nicely fits all Fibbo levels.

I entered long positions from 195-205 range with a stop loss below 174 the 50% retracement of the last bull run.


GL
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Old 08-08-2008, 01:27 AM
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Originally Posted by pf0351 View Post
Stryker, I hope you have the numbers right. I thought you are long, SL would then go at 51.40, you may missed the last 100 pips drop ? I'm confused...
Yeah, I figure he must mean 51 rather than 52. Probably half asleep.
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  #8295 (permalink)  
Old 08-08-2008, 01:27 AM
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Here is the picture

sorry forgot the attachment
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