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  • #13,501
  • Jul 8, 2008 2:47am Jul 8, 2008 2:47am
No,, I don't have a take profit target for now,, but I moved my s/l to 1.5697,, just in case,, but I think the trend is up,, we might see it reaching todays' high at 1.5752,,

GL mate
  • #13,502
  • Jul 8, 2008 2:51am Jul 8, 2008 2:51am
Quoting FxApasionado
No,, I don't have a take profit target for now,, but I moved my s/l to 1.5697,, just in case,, but I think the trend is up,, we might see it reaching todays' high at 1.5752,,

GL mate
It could dip back to 85 i will protect my profits at the first sign of weekness. gl

Everything is pointing up it can change fast.
  • #13,503
  • Jul 8, 2008 2:53am Jul 8, 2008 2:53am
Looks like a triple top on the 5 min.. 1.5715
  • #13,504
  • Jul 8, 2008 2:55am Jul 8, 2008 2:55am
Oil is diving.....It could signal dollar strength....RED FLAG....

Lets see if it finds support and pops a bit


EDIT: NOt diving but heading lower in the range as dollar is going lower...Oil is still well supported on dips
  • #13,505
  • Jul 8, 2008 2:57am Jul 8, 2008 2:57am
WOW looks like Euro wants to get airborne
  • #13,506
  • Jul 8, 2008 2:58am Jul 8, 2008 2:58am
Quoting FxApasionado
Looks like a triple top on the 5 min.. 1.5715
Was watching that it broke throught it like nothing.
  • #13,507
  • Jul 8, 2008 3:00am Jul 8, 2008 3:00am
Time to close 1/2 of my position..
  • #13,508
  • Jul 8, 2008 3:02am Jul 8, 2008 3:02am
Quoting pipmac
Was watching that it broke throught it like nothing.

yeah,, a 5 min triple top is not that big of a resistence...

it might be used as support now.. we'll see
  • #13,509
  • Jul 8, 2008 3:02am Jul 8, 2008 3:02am
Quoting FxApasionado
Time to close 1/2 of my position..
IT will try for the high again after a retrace if it fails i'm out.
  • #13,510
  • Jul 8, 2008 3:05am Jul 8, 2008 3:05am
Locked in 20 pips Oil is looking heavy......i don't think this euro move can hold but time will tell..


EDIT: by hold i mean for the week not this trading session...I think it will trend higher until the US open.
  • #13,511
  • Jul 8, 2008 3:16am Jul 8, 2008 3:16am
Specs increase shorts on USD opening the potential for Dollar to go higher (euro lower)...


http://uk.reuters.com/article/market...43998820080707
  • #13,512
  • Jul 8, 2008 3:19am Jul 8, 2008 3:19am
Quoting pipmac
...I think it will trend higher until the US open.
I was thinking that same thing too until I checked the macd and it seems to me that this run up is not going to hold much longer,, but we'll see,, time will tell...
  • #13,513
  • Jul 8, 2008 3:21am Jul 8, 2008 3:21am
Took profits looking to reenter a decent dip
  • #13,514
  • Jul 8, 2008 3:25am Jul 8, 2008 3:25am
I just did the same
Money often costs too much...
  • #13,515
  • Jul 8, 2008 3:30am Jul 8, 2008 3:30am
Quoting indotrader
I just did the same
I got 50

It's sitting up against that 4H broken channel again.

I think it will retrace here and test it again,
  • #13,516
  • Jul 8, 2008 3:30am Jul 8, 2008 3:30am
I'm nervous,, ,, just waiting for a last push.. hopefully to 1.5752
  • #13,517
  • Jul 8, 2008 3:36am Jul 8, 2008 3:36am
Quoting FxApasionado
I'm nervous,, ,, just waiting for a last push.. hopefully to 1.5752
It might but i don't like what oil is doing. It is not bouncing convincingly at all.
  • #13,518
  • Jul 8, 2008 3:41am Jul 8, 2008 3:41am
Ok,, I'm out
  • #13,519
  • Edited 3:54am Jul 8, 2008 3:43am | Edited 3:54am
First Support is around 1.5710

Much stronger support around 1.5686

Last support 1.5666---------->>>>>>>>>>>>>>Downtown after that.
  • #13,520
  • Jul 8, 2008 4:02am Jul 8, 2008 4:02am
Its holding well....maybe up?
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