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- sswilli99 replied Mar 1, 2010
My advise is to close them both to teach yourself a lesson, The biggest one you will ever need to know in this market.... do not trade without a plan. It may sound harsh but if you do not learn this you will blow acct after acct.
- sswilli99 replied Feb 26, 2010
Interesting — Watch price action and dont be easily fooled before this announcement tonight. BOE will be looking to get in at the best price possible bad or good IMHO url Shawn
- sswilli99 replied Feb 26, 2010
yes, short at 1.5276 will add at 1.5325 if it makes it there.
- sswilli99 replied Feb 18, 2010
2144 GMT [Dow Jones] USD gained strongly vs EUR and JPY in a rare late-afternoon surge after the Fed raised its discount rate by 25 bps to 0.75 as part of the Fed's steps away from its emergency-lending program. EUR/USD at 1.3565 from 1.3607 late ...
- sswilli99 replied Feb 4, 2010
Here is my analysis for the night. I am expecting it to top out around london open and look for a sell at the 38% fib. Of course this is just a plan so it all depends on price action around that time. I have a pending sell at 1.5949. Shawn
- sswilli99 replied Feb 3, 2010
Thanks I agree, I have moved back to manual stop, as that was only there for the news event. The trendline we broke thru was also right in that area so we may test that as well before heading south but most likely we will turn south in the next few ...
- sswilli99 replied Feb 3, 2010
I have set my hard stop to 1.5984 due to news coming out in a few.
- sswilli99 replied Feb 3, 2010
Short entry — Here is a good low risk short entry. The test of the DP. I added a short at 1.5954 and my stop will be any sustained price action above the pivot. Shawn
- sswilli99 replied Feb 3, 2010
yes absolutely at this point I am looking for 1.57xx on this swing down. So I will be looking for it to drift up and then continue down tonight at london open. NFP may keep things quiet until then, but for me it is showing its hand early.
- sswilli99 replied Feb 3, 2010
UPDATE — Price went 16 pips higher then my highest entry and turned within 1 hour of the cycle line, so over all a very good setup for me. Currently I am +100 and +60 on my trades will look to close one of them at London close perhaps. the ...
- sswilli99 replied Feb 2, 2010
I played with the cycle lines and you can see how this down move has been very timed so far. I am expecting it to stay that way and when it breaks the timeline, then I will be thinking that the momentum overall has changed.
- sswilli99 replied Feb 2, 2010
I see this move up stopping between 1.6014 and 1.6052. The price bounced exactly at the 38% fib and should stop between the 50 and 61% then continue down. I will be selling at both of those levels with my stop at 1.6210. Most likely will close ...
- sswilli99 replied Jan 25, 2010
Well we just broke out of a nice ascending wedge on the 15/30 minute chart, that exactly ended at the 50% retrace of the last move down. My guess is we are headed south from here.
- sswilli99 replied Jan 13, 2010
That is what I just entered for at 1.6190 stop 1.6200 very small risk and will add on confirmation. Much better R/R than going long right now. Shawn
- sswilli99 replied Jan 8, 2010
Yep just like clock work
- sswilli99 replied Jan 8, 2010
Yes, but wrong time of day to trust a breakout, IMO
- sswilli99 replied Jan 8, 2010
sell triggered at 1.5976, expecting one more test in the next few minutes of that level, and maybe one last push up, before falling for a couple of hours then flat before NFP
- sswilli99 replied Jan 8, 2010
Yes I have a pending sell in at the 50. I figure in the next 15-30 minutes it will trigger.
- sswilli99 replied Jan 8, 2010
Take a look at this chart. The blue X's on top are stopping volume and have picked the tops of this down move pretty good. Just gave another one. Will look for one more spike up to enter short.