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  #6841 (permalink)  
Old 12-18-2008, 06:38 AM
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BH-Eurofighter is an unknown quantity at this point
Very tight stop on my view. It will be hitten now I think.
gbpusds volatility inside of this correction maybe is reason for wider stop loss?
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  #6842 (permalink)  
Old 12-18-2008, 06:40 AM
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BH-Eurofighter is an unknown quantity at this point
Quote:
Originally Posted by 4Weekfx View Post
We should see 1.5540 - 1.5560 before 10 am and then it should drop maybe around 12-2 pm if it remains below that level

We are long now 1 lot @ 1.5484 stop @ 1.5400 target 1.5540
Quote:
Originally Posted by BH-Eurofighter View Post
Very tight stop on my view. It will be hitten now I think.
gbpusds volatility inside of this correction maybe is reason for wider stop loss?

Stop was hitten.
This is consolidation and on my view isnt time for scalpings now
With few such wrong shortterm directions you can loose hundreeds of pips now.
More than mid or longtermtrader if he is on wrong position. But he can
make 1000 - 2000+ pips if he is on right side now, what you cant with such tradings.
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Last edited by BH-Eurofighter; 12-18-2008 at 06:52 AM..
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  #6843 (permalink)  
Old 12-18-2008, 07:03 AM
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BH-Eurofighter is an unknown quantity at this point
eurusd is much better for scalpings now

gbpusd now at 1.5375 what is near bottom of shortterm upside
moving channel.
In any case stop loss for buy orders have to be below this point
but from theoretical point of view even below first support
at 1.5257 .
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Last edited by BH-Eurofighter; 12-18-2008 at 07:10 AM..
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  #6844 (permalink)  
Old 12-18-2008, 08:27 AM
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fx-liono is an unknown quantity at this point
British interest rate futures
rallied on Thursday after Bank of England Deputy Governor
Charles Bean said it was possible the central bank would have to
cut borrowing costs to zero.

Could this have the same impact downwards as when ECB hawk suggested that the Europeans would shy of cutting rates in January had upwards!

The high 1.5's or even 1.6 seems unlikely now as we will probably see this zero or near zero UK rate being priced in from now on!

Any thoughts?
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  #6845 (permalink)  
Old 12-18-2008, 08:37 AM
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smartboy has a little shameless behaviour in the past
what is wrong with this pair ?
still under 1.60 !
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  #6846 (permalink)  
Old 12-18-2008, 08:58 AM
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hedgehog is an unknown quantity at this point
Adding long 5238 stop 5106. Stop on existing longs remains 5200.
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  #6847 (permalink)  
Old 12-18-2008, 08:59 AM
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Quote:
Originally Posted by BH-Eurofighter View Post
eurusd is much better for scalpings now

gbpusd now at 1.5375 what is near bottom of shortterm upside
moving channel.
In any case stop loss for buy orders have to be below this point
but from theoretical point of view even below first support
at 1.5257 .
Hi BH, 1.5235 stop hit!
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  #6848 (permalink)  
Old 12-18-2008, 09:03 AM
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BH-Eurofighter is an unknown quantity at this point
Again LONG (I wrote about stop BELOW this point)

Quote:
below first support
at 1.5257 .
Stop at 1.5225

p.s. maybe was stop few pips too high. We are on support now
and few pips up or down ... It just touches stop and goes up again.
If brokes now this stop I will wait on more clear situation
This event and data regard 0% was unexpected
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Last edited by BH-Eurofighter; 12-18-2008 at 09:16 AM..
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  #6849 (permalink)  
Old 12-18-2008, 09:27 AM
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smartboy has a little shameless behaviour in the past
i think gbp may hit the 50s before it can go up again .
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  #6850 (permalink)  
Old 12-18-2008, 10:14 AM
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BH-Eurofighter is an unknown quantity at this point
hmmm
I have no lucky with gbpusd today
This event change things shorttermly.
We will see tomorrow.
euro is fallin like a stone now
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  #6851 (permalink)  
Old 12-18-2008, 10:21 AM
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smartboy has a little shameless behaviour in the past
gbp heading too fast to under 50s
As I said .
It is heading south too fast .
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  #6852 (permalink)  
Old 12-18-2008, 10:30 AM
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Last edited by djindyfx; 12-18-2008 at 12:09 PM.. Reason: corrections
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  #6853 (permalink)  
Old 12-18-2008, 10:33 AM
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4weekfx just a heads up, you should add a disclaimer on that blog of yours before someone does as you sugest and then blaimes you for their losses (read lawsuit).

P.S. Keep up with the real time trading suggestions they are helpful.


Quote:
Originally Posted by 4Weekfx View Post
We had a field day with our targets .. our down side targets are met and even on Eur/usd i sold at 1.4600 for a 1.4400 target and got that too .. all in all in the zone today

The wave 3 on GBP will go lot lower .. but we will have a temporary floor and will see atleast 1.5380 before next swing lower.. let us see

V
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Last edited by pizdets; 12-18-2008 at 10:56 AM.. Reason: typos
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  #6854 (permalink)  
Old 12-18-2008, 11:00 AM
ALF ALF is offline
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Quote:
Originally Posted by 4Weekfx View Post
Sell EUR if you get 1.4478 and again at 1.5524 and see it to believe it when it goes down .


Sell GBP @ 1.5360 and 1.5440 ..

This call would be valid till Monday morning

V

Four Week Forex Challenge
Hi 4Weekfx,

Is there a written mistake in your post? I mean, the opinion expressed on the possibility for shorting EUR USD at 1.5524, as you suggest…… till Monday…..

Hope this should be read as 1.4524 level.

Thanks.

ALF
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  #6855 (permalink)  
Old 12-18-2008, 11:06 AM
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fx-liono is an unknown quantity at this point
I think soon as we hit 1.5, it will be a good time to go long for a target of 1.5250, however will only be taking out a small position as very uncertain times.

Fingers crossed!
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