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  #10486 (permalink)  
Old 09-30-2009, 06:46 AM
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Quote:
Originally Posted by mostafa99 View Post
I think we are now near a point of a massive short how much do you guys think it's going to go down? I think 1.52 which is equal to the length of the head
If you are bearish and looking for a minimum drop with head and shoulder set up, then per my chart, it's around 1.527
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  #10487 (permalink)  
Old 09-30-2009, 06:55 AM
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30pips
Made another 30pips
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  #10488 (permalink)  
Old 09-30-2009, 06:58 AM
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Hi everyone,

cable - daily chart - price is at tenkan sen resistance now - next level is kijun sen at 1.6250 and then the kumo wall.

Chikou span (yellow line)is also touching price - this is where it should stop - daily close below 1.6151

I`m short from here because 1.6113 is a very important multiframe MurreyMath level of resistance - price could fall from here - anyways - I`ll add more shorts if it goes higher.

good trading to all

Patryk
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  #10489 (permalink)  
Old 09-30-2009, 07:02 AM
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Long 1.6111. SL 1.6081
Congrats Patryk
Last edited by mikelgcsdv; 09-30-2009 at 07:19 AM..
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  #10490 (permalink)  
Old 09-30-2009, 07:15 AM
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Lost 30pips Uptrend hit by Tsunami!!
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  #10491 (permalink)  
Old 09-30-2009, 07:36 AM
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Entry Order Long 1.5948 SL 1.5918

Patryck, what is your target to close your shorts?
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  #10492 (permalink)  
Old 09-30-2009, 07:39 AM
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Originally Posted by mikelgcsdv View Post
Entry Order Long 1.5948 SL 1.5918

Patryck, what is your target to close your shorts?
Hi

1.51, or lower hopefully

here`s a weekly chart with MurreyMath lines-

1.5141 is a 3/8 daliy octave, since 1.6113 is a 5/8 and markets tend to range between theese two lines this is my initial target

But, 1.4648 is a 3/8 weekly and mothly line. This years top is half octave above monthly and weekly 5/8 line so there is a chance cable could drop that low. That is my second mid-term target

Edit: In addition some weekly ichi speculation - chikou span (yellow line) should cross the price to confirm bearish bias, and then it could bounce up from kijun sen (red line , 1.5 roughly) in a corrective rally.
It could also struggle with a price wall, penetrating it to 1.51 but without closing below price - we`ll see.


Patryk
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  #10493 (permalink)  
Old 09-30-2009, 08:00 AM
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just my view
hmmmm just for shorterm maybe like this i drwa X for down n up
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  #10494 (permalink)  
Old 09-30-2009, 08:01 AM
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Angry Just a MOAN!!
Hi all,

At the moment, I am suffering from trading PARALYSIS!!, in another words, I am being a BiG FAT stuffed CHICKEN!!. After several losing trades, I now make the right calls but keep watching until the opportunity goes!!!

Looking to short around 1.6150 and some more at 1.6250

PS.. I hate you guys especially JohnG!! How do you do it?!!!! WOW, you seem to have a time machine!!!! :-)
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  #10495 (permalink)  
Old 09-30-2009, 08:02 AM
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SNB out with the big guns again ! selling CHF against Euro and USD

Defending EUR/CHF - straight up 140 pips from 1.5070's
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Last edited by JohnG_FX; 09-30-2009 at 08:07 AM..
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  #10496 (permalink)  
Old 09-30-2009, 08:03 AM
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short entry at 1.6110
thank you very much
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  #10497 (permalink)  
Old 09-30-2009, 08:04 AM
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Originally Posted by JohnG_FX View Post
SNB out with the big guns again !
bang, bang

good seeing you around again John

All the best
PEACE
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  #10498 (permalink)  
Old 09-30-2009, 08:07 AM
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Yes, I am also LONG GU , short term target is 6200
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  #10499 (permalink)  
Old 09-30-2009, 08:08 AM
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Originally Posted by FXforFUN View Post
Hi all,

At the moment, I am suffering from trading PARALYSIS!!, in another words, I am being a BiG FAT stuffed CHICKEN!!. After several losing trades, I now make the right calls but keep watching until the opportunity goes!!!

Looking to short around 1.6150 and some more at 1.6250

PS.. I hate you guys especially JohnG!! How do you do it?!!!! WOW, you seem to have a time machine!!!! :-)

Im glad your name is sarcastic! I have done exactly the same lately, quite a few wrongly time trades causing a few to be without profit i.e. long position on USD/JPY literally minutes before a 100pip fall on Sunday night caused my stop to activate, I was so angry! If I had timed it 10 minutes later I would be sat with a nice profit right now. But thats just the way it goes I suppose!
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  #10500 (permalink)  
Old 09-30-2009, 08:12 AM
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Paulw19: Ouch!!.. better luck (and timing!) next time :-). been there, done that!!!!!
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