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  • #4,761
  • Feb 28, 2008 6:34am Feb 28, 2008 6:34am
Feeling the resistance at 1.5150... Looks like that might be the turning point headed into the weekend. I wouldn't be surprised if it breaks through first thing next week, though. Just playing the dips until then...
  • #4,762
  • Feb 28, 2008 6:35am Feb 28, 2008 6:35am
did anyone notice that EU broke the 2007 high earlier and is looking keen on 5464 roundabouts.

though i am still handling it on 1 hour charts for safety, using fx sniper's ergodic cci & trigger

i am buying on dips and closing every 10 pips
  • #4,763
  • Feb 28, 2008 7:49am Feb 28, 2008 7:49am
All clear for take off....


EDIT: My T/P got hit for 50 pips. No longer in this market, though it's not a bad idea. I will POSSIBLY enter long again upon the next retracement.
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  • #4,764
  • Feb 28, 2008 7:54am Feb 28, 2008 7:54am
Bernanke giving euro/usd new highs! I knew we could count on him today.
  • #4,765
  • Feb 28, 2008 7:58am Feb 28, 2008 7:58am
Quoting sooperthug
i think im going to close all longs at 5174 aroundthe end of fib 38.2 (22/01/08 - 01/02/08 daily) extension. i think there maybe some retracement there which will allow me to buy into the trend at dips...i think

Yipee it hit, now for a tight stop and trail just in case it goes further
  • #4,766
  • Feb 28, 2008 8:00am Feb 28, 2008 8:00am
1.52 and then a possible retrace
  • #4,767
  • Feb 28, 2008 8:00am Feb 28, 2008 8:00am
Bush said in speech, he believe in "Strong Dollar", That's when it rallied.

F'N guy...does he have a clue?
  • #4,768
  • Feb 28, 2008 8:07am Feb 28, 2008 8:07am
This is monthly fib, lets see if 1.52 holds of breaks.
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  • #4,769
  • Feb 28, 2008 9:10am Feb 28, 2008 9:10am
Quoting TIckerShuffl
Bush said in speech, he believe in "Strong Dollar", That's when it rallied.

F'N guy...does he have a clue?
when, i dont see it in the charts...
  • #4,770
  • Feb 28, 2008 9:10am Feb 28, 2008 9:10am
Quoting kharvell
All clear for take off....


EDIT: My T/P got hit for 50 pips. No longer in this market, though it's not a bad idea. I will POSSIBLY enter long again upon the next retracement.
40 pips here Same about staying out too. Nice..
On the path to Enrichment.
  • #4,771
  • Edited 10:02am Feb 28, 2008 9:30am | Edited 10:02am
Quoting Jurrasic
40 pips here Same about staying out too. Nice..
Nice work my man!

I entered long again on a retracement off the hourly chart, and am up 30 pips now. T/P set at 50 again.


EDIT: T/P hit for 50 pips. +5% for me today
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  • #4,772
  • Feb 28, 2008 9:34am Feb 28, 2008 9:34am
Quoting kharvell
Nice work my man!

I entered long again on a retracement off the hourly chart, and am up 30 pips now. T/P set at 50 again.
I went to have a tea break, because I made 2 percent on this move together with 2 parrallel trades on EUR/GBP and GBP/JPY just closing a bit later, all in all in about 20 minutes. May that always be the case...
On the path to Enrichment.
  • #4,773
  • Feb 28, 2008 9:50am Feb 28, 2008 9:50am
Quoting xxDavidxSxx
Who buys here at 1.5? Big banks and major market players. A mile stone has been crossed.
David, that brings up an interesting question. Do you think that now that we're well above it - almost 1.52, there is very little chance it could cross back again ? Like for example if there is a retrace soon that comes close above it, would you buy a low in the 1.5 - 1.505 area if the price lingers there for say a day or two ?
On the path to Enrichment.
  • #4,774
  • Feb 28, 2008 10:09am Feb 28, 2008 10:09am
Has anyone seen anything like this before on EUR/USD. this trend just keeps on going and going with little retracement.
  • #4,775
  • Feb 28, 2008 10:11am Feb 28, 2008 10:11am
Quoting sooperthug
Has anyone seen anything like this before on EUR/USD. this trend just keeps on going and going with little retracement.
October 9th 2007

ps. if you can't see the retracements, go down a timeframe.
  • #4,776
  • Feb 28, 2008 10:17am Feb 28, 2008 10:17am
dollar is crashing as usd index lost support and forget the idea ara traders who are dumping heavily the dollar.

are countries and big banks around the world. the question is when the usd index going to take a pause or stop falling.
dang!.

Ben Bernanke.... i dont know who hired this man.
wrong man, at wrong time....

bad idea when greenspan left the fed. just last night hearing some comparisons between their speeches, and ben is a Moron.
ok, forget i told him Moron, just make a reality check....
  • #4,777
  • Feb 28, 2008 10:25am Feb 28, 2008 10:25am
Was watching Bernie talk and in the back round all I could hear was that old song "Don't Worry Be Happy" This man don't have a clue
  • #4,778
  • Feb 28, 2008 10:32am Feb 28, 2008 10:32am
This is incredible, something is wrong here!
Forex wants to clean all shorts!
Will be 1.5280 a good level to short? This have to stop to consolidate for about 150/200 pips!!
  • #4,779
  • Feb 28, 2008 11:08am Feb 28, 2008 11:08am
Quoting BoredToLoose
This is incredible, something is wrong here!
Forex wants to clean all shorts!
Will be 1.5280 a good level to short? This have to stop to consolidate for about 150/200 pips!!
oh man, if this dont retrace right now.
i am gonna quit forex as all i have learned does not work...

at least we hit a fibo extension theory.

this is probably also worth to read, and even the comentaries.
http://advisor.fxstreet.com/2008/02/...ro-has-no.html
  • #4,780
  • Feb 28, 2008 11:23am Feb 28, 2008 11:23am
Quoting acidguy
oh man, if this dont retrace right now.
i am gonna quit forex as all i have learned does not work...

at least we hit a fibo extension theory.

this is probably also worth to read, and even the comentaries.
http://advisor.fxstreet.com/2008/02/...ro-has-no.html
You are holding a short?! Wow... I mean it's one thing to speculate about downturn but after it broke 1.49 I think it was obvious what's next...

You may not even see 1.4999 this year and if you do load up as fast as you can!
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