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  • #4,981
  • Mar 3, 2008 12:57am Mar 3, 2008 12:57am
Quoting Jurrasic
Aaah... this is just a bad day to trade anything... :S
Yea needs a bit more momentum for me to short.. like another 16 hours worth.
USD Est Non Mortuus
  • #4,982
  • Mar 3, 2008 1:02am Mar 3, 2008 1:02am
Quoting LuckyLurker
This could be very interesting.. My eye is on 5162, what to doo what to doo
News are a little bit better. 5162 is daily pivot, lets see if it will be able to cross
  • #4,983
  • Mar 3, 2008 1:09am Mar 3, 2008 1:09am
Quoting sDRs
News are a little bit better. 5162 is daily pivot, lets see if it will be able to cross
Yea I'm working cable tonight..
USD Est Non Mortuus
  • #4,984
  • Mar 3, 2008 1:46am Mar 3, 2008 1:46am
My shorts are closed.

Out of market for now.
  • #4,985
  • Mar 3, 2008 2:08am Mar 3, 2008 2:08am
Quoting Hammad
Euro/Usd
1.5228-38 level Broken Then our 1st target wil be 1.5320 and then 1.5464
If pivot & 1.5144-38 level broken from downside then 1.5065 and 1.4950 possible

Right now all indicators are bullish on my side. i am waiting to break that levels then i will jump in.

My Strategy is If market will start retracment then i will keep buying from dips.
again gona write here According to Merrill forcast 1.57 is possible by the end of March.
----------------------------------------------
today we have ISM so Be carefull Its very High Impact news.
waiting waiting for above levels to break and go down or go above.. If will go down , I will Add long position from 1.5065,1.5, 1.4950.
I mean while trading EJ, UJ, AU
Not going for any Short positions in EU, will be against the major trend.
  • #4,986
  • Mar 3, 2008 4:19am Mar 3, 2008 4:19am
Quoting Hammad
waiting waiting for above levels to break and go down or go above.. If will go down , I will Add long position from 1.5065,1.5, 1.4950.
I mean while trading EJ, UJ, AU
Not going for any Short positions in EU, will be against the major trend.
but economist started to talk about the fact that too weak dollar is bad, i believe, that banks will give strenght to $
  • #4,987
  • Edited 6:29am Mar 3, 2008 5:04am | Edited 6:29am
I should have flipped long when I closed shorts @ 1.5170, but going long here, - must more intimidated by the rush to the topside vs a huge drop. The rate is appraoching 20SMA on 4hour support...looking for a bounce to new highs. With my luck lately I am not counting on it, however. AFter calling 1.54 a month ago when it was at 1.45, with my banker buddies, I'd fell like a real jackass if it went to 1.54 and didn't even have a position. So I am taking the risk to back up my words.

edit:
There she goes...will it sustain? new recent high, probability in long favor.
  • #4,988
  • Mar 3, 2008 6:41am Mar 3, 2008 6:41am
Quoting Hammad
waiting waiting for above levels to break and go down or go above.. If will go down , I will Add long position from 1.5065,1.5, 1.4950.
I mean while trading EJ, UJ, AU
Not going for any Short positions in EU, will be against the major trend.
You see.. 1.5144 level no broken and Market reversed was expecting this.. and have been waiting since start of London session.
ISM news with in 19 min, just waiting for that.
  • #4,989
  • Mar 3, 2008 6:47am Mar 3, 2008 6:47am
long to 1,5275 looks like...... IMO
  • #4,990
  • Mar 3, 2008 6:52am Mar 3, 2008 6:52am
this baby just doesnt want to go down...
its just money
  • #4,991
  • Mar 3, 2008 6:58am Mar 3, 2008 6:58am
Closed longs. I'll take the 60 pips and 4.6% for the day.

Rebuilding capital requires some profit taking, I will look for reentry or signs of future direction
  • #4,992
  • Mar 3, 2008 7:02am Mar 3, 2008 7:02am
As expected, corrective wave was ended, and this is the last impulsive wave in euro, expecting it to stall ahead of 1.5450 for a reversal.
  • #4,993
  • Mar 3, 2008 7:11am Mar 3, 2008 7:11am
After see my Daily Chart, price almost reach my ideal level to short at 1.5277.
Trendline from 1.2970 to 1.4955, and RSI line at limit!
GOLD at 990.


BIG DROPS we may see soon!
  • #4,994
  • Mar 3, 2008 7:15am Mar 3, 2008 7:15am
Talk about calling tops. Geez I just woke up and I'm already getting paid. Guess I shouldn't complain Strong correction in last 12 minutes, may enter long again for giggles.

Can someone explain to me how anyone here thinks we are in a downtrend without it actually being confirmed. Wait, I get it, you guys are mystic fortune tellers....
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  • #4,995
  • Mar 3, 2008 7:16am Mar 3, 2008 7:16am
Quoting BoredToLoose
After see my Daily Chart, price almost reach my ideal level to short at 1.5277.
Trendline from 1.2970 to 1.4955, and RSI line at limit!
GOLD at 990.


BIG DROPS we may see soon!
I don't think so
1.5320 and then 1.5465 wil have to touch.. lets see ..
  • #4,996
  • Mar 3, 2008 7:24am Mar 3, 2008 7:24am
Quoting kharvell
Talk about calling tops. Geez I just woke up and I'm already getting paid. Guess I shouldn't complain Strong correction in last 12 minutes, may enter long again for giggles.

Can someone explain to me how anyone here thinks we are in a downtrend without it actually being confirmed. Wait, I get it, you guys are mystic fortune tellers....
Who said we in downtrend?
  • #4,997
  • Mar 3, 2008 7:29am Mar 3, 2008 7:29am
Quoting TIckerShuffl
Who said we in downtrend?
Ummm read the last 20 posts and look for the word "Short"
  • #4,998
  • Mar 3, 2008 7:30am Mar 3, 2008 7:30am
I got out of that roller coaster. I got in long when it started rallying before news. Price stalled and started heading back to the entry so I got out tried to b/e but got me for a pip. Now price fell back 1.5200(wew! glad I got out)
I was going for a big pay day there because I thought a direct rally to 1.5365 was coming.
I learned that if price runs 40 pips and then returns to entry to get the **** out fast because the market has no direction.
certain direction would not returned to entry because I had a good jump on the news to start with.
Price must still be working itself out. Means its nearing a top because bulls can't sustain rallies.
  • #4,999
  • Mar 3, 2008 7:33am Mar 3, 2008 7:33am
Quoting kharvell
Ummm read the last 20 posts and look for the word "Short"
There is money to be made on the corrections. Not necessarily indicative of change of trend. We'll have to wait and see, I guess.
  • #5,000
  • Mar 3, 2008 7:33am Mar 3, 2008 7:33am
I can't read the waves in this sideways correction.
Double zig zag any one? That could mean a change in direction or just a prolonged correction.
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