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- Zsx replied Mar 5, 2010
Trying to take my little profit away from me?
- Zsx replied Mar 5, 2010
Short positions at 3600/14/22. We keep getting closer and closer to our long term trend line from December. 4 weeks of doji's tell me it's only a matter of time before the big bears wake up.
- Zsx replied Mar 5, 2010
Battle between trying to establish support at 3600 and trying to establish resistance at 3614/3622. Actually looks like a small H&S is showing up on 5m chart. Not much, but it demonstrates the short term battle for direction.
- Zsx replied Mar 1, 2010
Dead cat bounce off of support hasn't even made it up to the 38.2 fib from 1.3545... If it makes it there I'll add shorts. If not, we could drop straight through support to 1.3390/50
- Zsx replied Mar 1, 2010
You have to look at doji as what they are. A balance between bears and bulls, just one type of sideways movement. Just because a drop starts to balance doesn't mean it is going to bounce back up, it simply means there is a combination of profit ...
- Zsx replied Feb 25, 2010
Strong downtrend for 2 months, we keep making lower highs, soon to be a new lower low. I think this is a good opportunity to sell a rally.
- Zsx replied Feb 25, 2010
Mixed news... hopefully the risk-aversion we've been seeing will stay in effect.
- Zsx replied Feb 25, 2010
I have a small short open at 80. Let's see how the market reacts to the news. As always, 20 pip SL with Anti-Hedging in case it goes bad. GBP made a new low last night, I think EUR is going to do the same today.
- Zsx replied Feb 25, 2010
The details say the data was leaked 5 minutes early, that's why they did that.
- Zsx replied Feb 24, 2010
Wait for the round of EUR news to come out. Market sentiment has brought us to this support, and it's going to wait for direction, bounce or new lows. I flipped a coin, it said bad news and break into the 3300's by NY open.
- Zsx replied Feb 24, 2010
Something is missing from the thread right now... oh wait... Looks like a good entry for a target at 1.4000/1.4500! ^^^Sarcasm, not investment advice^^^
- Zsx replied Feb 24, 2010
If market sentiment gets us down to 1.3450 before the news comes out, bad news for the EUR is going to send this plummeting down.
- Zsx replied Feb 24, 2010
Haha, don't worry about it. With all the crap on the internet(my posts included), we all have a tendency to just skim through it.
- Zsx replied Feb 24, 2010
Let's say you enter short at 3600, SL at 3650. You get stopped out, and the price goes to 3750 before turning around. At 3650, you would re-enter, and now the short-term trend would be on your side. In essence, you never closed your trade, but ...
- Zsx replied Feb 24, 2010
Of course, Support turned resistance. This area has been used on both sides. Sorry for the typo.
- Zsx replied Feb 24, 2010
4 Hour Chart for 2/25/10 — EUR news, and to lesser degree GBP news tomorrow might give the boost we need for the downtrend to continue. USD news can take the market either way... I see it more of a continuation whether it is good or bad. If ...
- Zsx replied Feb 24, 2010
I think tomorrow we test the low, and depending on the news, break through.
- Zsx replied Feb 24, 2010
Trend, MA, support/resistance lines, and pivots. Even if the up move isn't over, I'll trade short and anti-hedge any losing trades when it comes back down. I feel more comfortable with thinking that over the next week or two we will make lower lows ...
- Zsx replied Feb 24, 2010
Until the high breaks I'm not going to say this hasn't made a lower low. I don't think the down move is over and I think we will see the lower low tomorrow during NY session.
- Zsx replied Feb 24, 2010
Everything closed. Waiting for a retrace to 1.3560 to re-enter short. Target 1.3500.