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EURUSD

  • #9,301
  • May 15, 2008 5:29am May 15, 2008 5:29am
* if a candle closes above the 75% confirm level a stay long.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,302
  • May 15, 2008 5:33am May 15, 2008 5:33am
I would wait for close above resistance at 5509 before jumping in.
  • #9,303
  • May 15, 2008 5:34am May 15, 2008 5:34am
Quoting FXCapitalist
BUY AT 1.4592 or the best price you can get now!
Quoting FXCapitalist
Ill give it 5 more minutes to close under the 14.6% if it does, Sell
This is called "SHONG" position.
  • #9,304
  • May 15, 2008 5:35am May 15, 2008 5:35am
Euro is @ the 61% level it will do one of 3 things 1 tank bank lower, 2 go into the retracement channel between 61% and 38% and then tank or go to--> 3 and it will shoot to the 75% and go higher. The next 5-15 minutes will determine where it will go.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,305
  • May 15, 2008 5:36am May 15, 2008 5:36am
Quoting FXCapitalist
Ok sell it short term though. target is 1.5447 and possibly 1.5431 after I'll stop and reverse long again.
What trick is EU playing?
PIPS AND PIPS ONLY... + OF COURSE
  • #9,306
  • May 15, 2008 5:37am May 15, 2008 5:37am
correction its at the 38.2, and will either shoot up to the 75 or tank lower. either way it has to close above 75% or below 25% above 75% = buy, below 25% sell.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,307
  • May 15, 2008 5:40am May 15, 2008 5:40am
Quoting cesarnc
This is called "SHONG" position.
lol that was earlier, you know the day traders mentality changes candle to candle, you can call it the 'lort' position lol. but over all long term trend is up.
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,308
  • May 15, 2008 5:46am May 15, 2008 5:46am
Quoting FXCapitalist
lol that was earlier, you know the day traders mentality changes candle to candle, you can call it the 'lort' position lol. but over all long term trend is up.
Some newbie's account can actually go broke if one were to follow these "mentality changing" calls.
  • #9,309
  • May 15, 2008 5:49am May 15, 2008 5:49am
oh well. their choice their account. i keep my focus always. ttyl i gotta see where it's going its chopping around the 25%
"Diversification is an excuse for a lack of talent" ~FXC
  • #9,310
  • May 15, 2008 5:55am May 15, 2008 5:55am
LOL
  • #9,311
  • May 15, 2008 6:03am May 15, 2008 6:03am
Quoting HarshFX
Some newbie's account can actually go broke if one were to follow these "mentality changing" calls.
  • #9,312
  • May 15, 2008 6:05am May 15, 2008 6:05am
Quoting cesarnc
This is called "SHONG" position.
If I Go Broke Trying Then I Will die happy.
  • #9,313
  • May 15, 2008 6:09am May 15, 2008 6:09am
Any thoughts on Trichet's talk this morning?
  • #9,314
  • May 15, 2008 6:12am May 15, 2008 6:12am
Quoting LearningPIPs
Any thoughts on Trichet's talk this morning?
Trichet AND Bernanke talks...

If both say "inflation is the major concern", FXCapitalist will need 3 more brains, 7 mice and a bag of fingers to trade the mentaly changing strategy

  • #9,315
  • May 15, 2008 6:22am May 15, 2008 6:22am
Looks like everybody is waiting for him to sneeze before trading....never seen it so flat this time of day
  • #9,316
  • May 15, 2008 7:21am May 15, 2008 7:21am
Quoting LearningPIPs
Looks like everybody is waiting for him to sneeze before trading....never seen it so flat this time of day
Trichet's sneez has not had any impact so far
  • #9,317
  • May 15, 2008 7:22am May 15, 2008 7:22am
seems like there will be a good long here
  • #9,318
  • May 15, 2008 7:38am May 15, 2008 7:38am
Hi,

Can anyone see a large move up to 16400ish brewing right now?

Im expecting more downside and am thinking about entering long at 15000, 15344 and 15904
  • #9,319
  • May 15, 2008 7:44am May 15, 2008 7:44am
Quoting Mkhan6
seems like there will be a good long here
Despite the poor unemplyment record and negative news coming out of NewYork the greenback is holding tight
  • #9,320
  • May 15, 2008 7:46am May 15, 2008 7:46am
Quoting kayodAfolab
Despite the poor unemplyment record and negative news coming out of NewYork the greenback is holding tight

well lets see what happens here in 15 mins after the TIC Net Long-Term Transactions release
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