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  • #1,641
  • Jun 13, 2007 3:43am Jun 13, 2007 3:43am
Maybe you should use a draw string to leave your hands free for other pursuits.
quote of the day: . It's like deja-vu all over again
  • #1,642
  • Jun 13, 2007 3:49am Jun 13, 2007 3:49am
usd core retail in about 1.5 hrs.
BAM BAM BOOM! -bravado
  • #1,643
  • Jun 13, 2007 3:50am Jun 13, 2007 3:50am
Quoting Gmak
Maybe you should use a draw string to leave your hands free for other pursuits.
i have thought about this. but i rather stay sexy.
BAM BAM BOOM! -bravado
  • #1,644
  • Jun 13, 2007 3:52am Jun 13, 2007 3:52am
Quoting markpro
Time to cut loss on all my buy! -100!
Should read the posts of jacko. Never risk more than 50pips/trade. And go with the trend. When stopped and the market reverses you get back in at last entry -50.
  • #1,645
  • Jun 13, 2007 4:03am Jun 13, 2007 4:03am
Quoting AmatPro
Should read the posts of jacko. Never risk more than 50pips/trade. And go with the trend. When stopped and the market reverses you get back in at last entry -50.
Generally the approach I take but with smaller stops. Less risk involved if you just take a small loss then reevaluate it later for another entry. Greater profit to be had as well. Once I'm positive I'll go larger for a longer term trend, but until I'm positive it's kept rather small.
  • #1,646
  • Jun 13, 2007 4:05am Jun 13, 2007 4:05am
I realise it may be too early to tell but does anyone else believe we are starting to witness the unfolding of a change in the long term trend?

News is constantly dollar bullish, we have a trendline break on the monthlies and Elliot wave practitioners would point to the recent top as the end of a long term five or three wave bull cycle (depending on who you talk to).

We are currently at the point of 50% retrace which if broken may signal a fall to the trendlines around 1.32 and 1.30.

due to this I'm fairly bearish in the medium term and like Bravado waiting for the market to pull my shorts down.
quote of the day: . It's like deja-vu all over again
  • #1,647
  • Jun 13, 2007 4:12am Jun 13, 2007 4:12am
If I see a good breach past 240-50 then I'm fully bearish on this pair. Until that point it's just a correction to me. But that being said I always give credence the current trend which is down now. Not to say I don't try for small corrections off the trend, although this one hasn't been playing along.
  • #1,648
  • Jun 13, 2007 4:14am Jun 13, 2007 4:14am
Quoting Gmak
too early to tell..unfolding of a change in the long term trend?
correct. it is too early to tell.
BAM BAM BOOM! -bravado
  • #1,649
  • Jun 13, 2007 4:14am Jun 13, 2007 4:14am
tru expert and a pro trader such as myself.
BAM BAM BOOM! -bravado
  • #1,650
  • Jun 13, 2007 4:16am Jun 13, 2007 4:16am
take 1/2 for profit. leave rest to run @ 3274.
BAM BAM BOOM! -bravado
  • #1,651
  • Jun 13, 2007 4:24am Jun 13, 2007 4:24am
do you see how eddie is going up soon after i unloaded 1/2.

expected.
BAM BAM BOOM! -bravado
  • #1,652
  • Jun 13, 2007 4:26am Jun 13, 2007 4:26am
Quoting bravado
take 1/2 for profit. leave rest to run @ 3274.
Might be a good call, with us news coming out, most feel it will be bullish, but then it's not like the projections are ever wrong.
  • #1,653
  • Jun 13, 2007 4:28am Jun 13, 2007 4:28am
Quoting bravado
do you see how eddie is going up soon after i unloaded 1/2.

expected.
That's because pro's know when to tp.
  • #1,654
  • Jun 13, 2007 4:45am Jun 13, 2007 4:45am
anyway.

the point i was trying to make since yesterday is this.

to never take signals from others.
stick to your trading plan.

and you are correct shadeslay. usd data out soon. it doesn't hurt to take profit at this level and time.
BAM BAM BOOM! -bravado
  • #1,655
  • Jun 13, 2007 4:55am Jun 13, 2007 4:55am
Quoting bravado
anyway.

to never take signals from others.
stick to your trading plan.
Quote for truth, not to say I don't try to see what others are seeing. But it's best not to trade it unless you see what they are talking about.
  • #1,656
  • Jun 13, 2007 4:59am Jun 13, 2007 4:59am
Quoting shadeslay
Quote for truth, not to say I don't try to see what others are seeing. But it's best not to trade it unless you see what they are talking about.
yap.
BAM BAM BOOM! -bravado
  • #1,657
  • Edited 7:25am Jun 13, 2007 7:05am | Edited 7:25am
Dear sirs,
My name is Giorgio, I write from Italy and this is my first post on this forum.
I've read the past messages and I think that here are very prepared people.

I work on the Eur/Usd cross by using the technical analisys system but I obviously take an eye on the macroeconomic data.

I think that in the next months the Eur/Usd will shine. One reason is that the ECB have to rise the rate to 4,75% by March 2008 and to do this needs a weaker Euro against the USD.
My focus is on the EUR/JPY too, but this is not the correct post to discuss about it.

Attached is a 5 day EUR/USD graphic that I use to operate.

I think to SELL EUR at 1,3306, 1,3314 or 1,3329.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 41 KB
Sell in May and go (H)away.
  • #1,658
  • Jun 13, 2007 7:07pm Jun 13, 2007 7:07pm
Quite a few moves building up to something, this is one of them imho.

Heres a chart showing the current down trend converging with the longer term up trend. The long term trend actually dates back to 2/11/06, I generally just shorten them to spare my chart provider.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 22 KB
  • #1,659
  • Jun 13, 2007 7:32pm Jun 13, 2007 7:32pm
Playing with the longer term suppports...
added more position up at 3280...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 38 KB
  • #1,660
  • Jun 14, 2007 6:55am Jun 14, 2007 6:55am
Since yesterday there obviously is some serious defending of the 1,3315 level going on. Who is acting? The ECB? Others? Why?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 14 06 07 900.jpg Size: 47 KB
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