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EURUSD

  • #6,941
  • Apr 22, 2008 9:55am Apr 22, 2008 9:55am
Quoting Turveyd
Loved that stop hitting, push just over 1.6000 then TANK!!!!

OBVIOUS or what!!!
Not quite obvious. Remember how it took over 1.45, 1.50, 1.55? Never retraced below
"Luxury is one of the basic needs", (c), Don Corleone
  • #6,942
  • Apr 22, 2008 9:56am Apr 22, 2008 9:56am
forming a spike it can be dipper retracement and further if nothing unexpected won't happen it break 1.6
  • #6,943
  • Apr 22, 2008 9:58am Apr 22, 2008 9:58am
gold don't want to go higher
  • #6,944
  • Apr 22, 2008 10:00am Apr 22, 2008 10:00am
Quoting Firstboss
Not quite obvious. Remember how it took over 1.45, 1.50, 1.55? Never retraced below
There is no news really supporting this move. I think it's more hype than actual strength, if this makes sense. I figured it would bounce off of 1.6000, but I like to try at every major level. If I'm wrong, what do I lose? 5 pips. But I won here.
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  • #6,945
  • Apr 22, 2008 10:02am Apr 22, 2008 10:02am
what in hell happened there, when it touched 1.5 it boosted, 1.55, it boosted.....now it got 1.6002 at TOPS and went down almost 40 pips!?
  • #6,946
  • Apr 22, 2008 10:04am Apr 22, 2008 10:04am
Quoting pamelomarcos
what in hell happened there, when it touched 1.5 it boosted, 1.55, it boosted.....now it got 1.6002 at TOPS and went down almost 40 pips!?
It's volatile right now... Everyone was looking at home sales. Home sales was not very definitive. I think we're just going to range for a while. If we do push new high's it's not very meaningful, just volatile tug-o-war. All my opinion of course.
  • #6,947
  • Apr 22, 2008 10:08am Apr 22, 2008 10:08am
Quoting Firstboss
Not quite obvious. Remember how it took over 1.45, 1.50, 1.55? Never retraced below
Just a quick stop hunting move, knock out all the shorts who'd got in sub 1.6000 then retrace so fast they can't setup there shorts near the top, get annoyed and make stupid moves

Mate was considering with no stop, shorting near and keep adding as it went up, till I pointed out, if he'd did that at 1.5000 he'd of never gotten out with a profit and likely of blown his account.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #6,948
  • Apr 22, 2008 10:08am Apr 22, 2008 10:08am
Quoting czesio
gold don't want to go higher
This run is different, seems to be oil driven ($118.47 high).

It will be back for at least 1 more try today. I think.
  • #6,949
  • Apr 22, 2008 10:13am Apr 22, 2008 10:13am
Quoting Ultraman
u have good in ur daily trade,
but i think EURUSD need to make retracement b4 head up to 1.6
i think

what do you think about USDCAD?
hhrmm EURUSD just hit sharp at 1.6000
and fundamentally it's finish to head up..and rite now technically will take over,

for me i'm looking good entry for short
i'm trade at TF15M,
so, if have any trade call for EURUSD..i will share it

trade at ur own risk
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  • #6,950
  • Apr 22, 2008 10:13am Apr 22, 2008 10:13am
I don't open a short it' too risky wait for a good dip
  • #6,951
  • Apr 22, 2008 10:28am Apr 22, 2008 10:28am
1.6000 fail, again it's always the 3rd strike the shorts get confident pile on, then they power it through.

I always used to pile in on the 3rd strike, I know from experience!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #6,952
  • Apr 22, 2008 10:37am Apr 22, 2008 10:37am
Quoting Turveyd
1.6000 fail, again it's always the 3rd strike the shorts get confident pile on, then they power it through.

I always used to pile in on the 3rd strike, I know from experience!!
Care to explain this further?
  • #6,953
  • Apr 22, 2008 10:42am Apr 22, 2008 10:42am
It takes 3 tests of the high for the average trader to spot it and short it, then the average trader wonders why it always break out on him and costs him, well 9 times outta 10.

After I got stopped out 20times in a row most likely I realised this little trap.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #6,954
  • Apr 22, 2008 10:46am Apr 22, 2008 10:46am
market makers?
  • #6,955
  • Apr 22, 2008 10:52am Apr 22, 2008 10:52am
WTI Crude $119.74
Hold on tight, it's going to get bumpy!
The question is...
Will the US or EU try to intervene?
  • #6,956
  • Apr 22, 2008 10:55am Apr 22, 2008 10:55am
does any one know what time the new cot report comes out?
Thanks
It's All About Attitude ...
  • #6,957
  • Apr 22, 2008 10:58am Apr 22, 2008 10:58am
Whao 1.6012
  • #6,958
  • Apr 22, 2008 10:58am Apr 22, 2008 10:58am
beautiful
"Luxury is one of the basic needs", (c), Don Corleone
  • #6,959
  • Apr 22, 2008 11:01am Apr 22, 2008 11:01am
Quoting Fx_Genius
WTI Crude $119.74
Hold on tight, it's going to get bumpy!
The question is...
Will the US or EU try to intervene?
How do you expect the FED to intervene What will they sell? They only have more freshly printed dollars. Or do you suggest they will go short on EUR and cover it later? :-)
"Luxury is one of the basic needs", (c), Don Corleone
  • #6,960
  • Apr 22, 2008 11:03am Apr 22, 2008 11:03am
Shall We Stand Back And Let The Fireworks Fly Its Gone Through 1,60, This Is Like Watching Oil
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