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09-06-2009, 02:07 PM
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Join Date: Jul 2008
Posts: 216
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cvilata, I think you will
Quote:
Originally Posted by cvilalta
Thats, for the advice. I still have like US$1000 in usable marg.
This happens to me every fridays since I know the market will close at 4 pm and I want to make some more bucks in so short time.
actually I'm making 100 - 120 US a day I open the accoun with 500 US and climb it to 2000 in 3 weeks after that I've been taking 500-600 US a week until this last 3 weeks when my account drop to 1000US and now I have a mess with the GBP/USD currency. I oppen all those buy positions to hedge the shorts.
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recover back very close to your 1.6350ish area come this early next week. But as john g said?, I think it was john g or the sterling bull. Take your shorts off as close as you can in that area. I see this on the 15 & 30 min charts with my techs showing it will come back down quick to the 93.50ish area, and then heading back up into the 1.6450 area and as high as a possible 1.65++ area and then down she BLOWS. I'm posting a few charts showing my analysis and trend lines? I waiting for a pull back into the 1.636+ area for a short term gain into the the 1.644+ and will pull the pin on that one and will monitor the charts for a short position in the mid 64.s to the low 65's for a pull down back into the low to mid 62's again. Hope this helps? The attachment is in the 4 hr chart. Use thes indicators of mine in the 5 15 30 and 1 hr and you will see where my anaysis is coming from. Especially where the rsi and stochs are for your hopeful pullback into the 9350ish area, and then back up??? 
caps out!!! 
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09-06-2009, 06:23 PM
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Registered User
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Join Date: Sep 2009
Posts: 2
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Hello,
I've been watching these forums for a lil while, but this is my first so bear with me =)
I made a rather poor call of selling low (1.628) expecting an eventual downward trend (1.622). Course this hasn't been happening and seems like the USD is getting weaker from the past week.
Should I cut my losses now, or should I hang in there?
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09-06-2009, 08:08 PM
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Join Date: Jun 2009
Posts: 341
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Quote:
Originally Posted by sugaki
Hello,
I've been watching these forums for a lil while, but this is my first so bear with me =)
I made a rather poor call of selling low (1.628) expecting an eventual downward trend (1.622). Course this hasn't been happening and seems like the USD is getting weaker from the past week.
Should I cut my losses now, or should I hang in there?
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Price might pull back to 16360 level and then go upward from there to probably 16450 and possibly 16550. After reaching these upside targets, there should be downward correction. |
09-07-2009, 02:45 AM
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Moderator
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Join Date: Oct 2003
Posts: 193
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GBP/AUD Buy Rec Issued
The market continues to drop to post fresh +10 year lows on a daily basis. However, daily, weekly and monthly technicals are showing oversold and with the cross set to test some falling trend-line support off of the January 2009 lows just over 1.9000, wee see good reason for attempting a very playable counter-trend long position. We have incorporated out ATR analysis to ensure that entry will only be triggered on an overextended intraday move on Monday. STRATEGY: BUY @1.9075 FOR AN OPEN OBJECTIVE, STOP 1.8825. RECOMMENDATION TO BE REMOVED IF NOT TRIGGERED BY CLOSE (5PM NY TIME) ON MONDAY.
All my best,
Joel
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09-07-2009, 05:18 PM
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Member
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Join Date: Mar 2009
Posts: 266
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Support Resistance Levels
1,6402 - 1,6419 - 1,646 - 1,6504 - 1,6535
1,6348
1,6249 - 1,6205 - 1,6178 - 1,6148 - 1,6098
S + R = $$$ |
09-08-2009, 04:10 AM
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Join Date: Jul 2009
Posts: 390
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Went short at 1.6517
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09-08-2009, 04:17 AM
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Member
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Join Date: Aug 2009
Posts: 88
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Quote:
Originally Posted by straty01
Went short at 1.6517
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hey Straty. I'm v. tempted to do the same. Just wondering what was your reasoning for shorting here? |
09-08-2009, 04:41 AM
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Join Date: Jul 2009
Posts: 390
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Looks like the beginning of resistance on the daily chart over last 3 months, possibly a little early so I reduced my position size accordingly.
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09-08-2009, 04:54 AM
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Registered User
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Join Date: Sep 2009
Posts: 2
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Quote:
Originally Posted by straty01
Went short at 1.6517
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I did a similar move, what are you putting for limit gain/stop loss? I put stop loss at 1.66 |
09-08-2009, 05:09 AM
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Member
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Join Date: Jul 2009
Posts: 390
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200 pip range, s/l 1.6717 but now I'm worried this might be hit within the next hour the way the usd is getting belted at the moment!!!!
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09-08-2009, 05:19 AM
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Join Date: Aug 2009
Posts: 88
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hehe this is fun. Not even NY open yet..
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09-08-2009, 06:23 AM
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Member
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Join Date: Jul 2009
Posts: 390
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gotta love it
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09-08-2009, 06:43 AM
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Member
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Join Date: May 2009
Posts: 50
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went in short at 16580, rationale behind the trade is that from now till the BoE announcement i expect the market to get spooked by teh BoE's unpredicatable behaviour, stop at 16590
also some interesting headlines in the Uk telegraph point to negative interest rates? possibly just chinese whispers but could be enough to drive the pound down
if my trade get's stopped out, i'll be looking to short after London closes.
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09-08-2009, 07:27 AM
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Member
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Join Date: Jul 2009
Posts: 16
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BoE announcement
Hi Tokyo_London, When is the BoE announcement ?
thanks
Quote:
Originally Posted by tokyo_london
went in short at 16580, rationale behind the trade is that from now till the BoE announcement i expect the market to get spooked by teh BoE's unpredicatable behaviour, stop at 16590
also some interesting headlines in the Uk telegraph point to negative interest rates? possibly just chinese whispers but could be enough to drive the pound down
if my trade get's stopped out, i'll be looking to short after London closes.
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09-08-2009, 08:11 AM
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Member
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Join Date: May 2009
Posts: 50
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Quote:
Originally Posted by ams_fx
Hi Tokyo_London, When is the BoE announcement ?
thanks
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hello, it is at 12pm (London time) on Thursday
tomorrow we have the Nationwide consumer confidence at midnight (London time) and visible trade balance figures at 9:30
it's going to be really interesting to see what happens on thursday
i think todays move in gbpusd has more to do with the dollar falling against the yen
good luck |
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