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  • #301
  • May 23, 2008 3:19am May 23, 2008 3:19am
EJ just paid 20 pips on the bounce.
  • #302
  • May 23, 2008 4:04am May 23, 2008 4:04am
Is this valid?
Attached Image
Those that can, do, those that can't, teach.
  • #303
  • May 23, 2008 4:10am May 23, 2008 4:10am
Quoting pf1966
Is this valid?
Yeah I'm actually shorting it right now off that level. Looking for .9512 or so. Good catch.
  • #304
  • May 23, 2008 4:17am May 23, 2008 4:17am
Quoting pf1966
Is this valid?

There was actually more s/r around 0.9579. Got an hourly close above it, go long. Catch the reversal sign at 0.9616. Go short. Its like playing pong all day long.
  • #305
  • May 23, 2008 4:19am May 23, 2008 4:19am
By the way I was looking to go long EUR/CHF at those lows to form a double-bottom around 1.6165. I think it should stretch down there. Any thoughts?
  • #306
  • May 23, 2008 4:28am May 23, 2008 4:28am
Looking to buy USDJPY at 103.63 to 103.55. Not an official post here but I'm just bored.

Maybe EUR/JPY at 163.00 - 162.90 for a scalp long.

USD/CAD looks like its about to close above solid resistance for a long. Watch out for the diagonal trendline.

EUR is piss not going anywhere and GBP also due for a breakout. Thinking short but not putting $ on it yet.
  • #307
  • May 23, 2008 4:50am May 23, 2008 4:50am
Quoting BillyRayValentine
Looking to buy USDJPY at 103.63 to 103.55. Not an official post here but I'm just bored.

Maybe EUR/JPY at 163.00 - 162.90 for a scalp long.

USD/CAD looks like its about to close above solid resistance for a long. Watch out for the diagonal trendline.

EUR is piss not going anywhere and GBP also due for a breakout. Thinking short but not putting $ on it yet.
Any particular reason why you don't think uj will go lower than 103.55?
Expected the unexpected
  • #308
  • May 23, 2008 4:51am May 23, 2008 4:51am
Quoting BillyRayValentine
Yeah I'm actually shorting it right now off that level. Looking for .9512 or so. Good catch.
Nice to know I'm looking at the same levels as you. I'm interested to know what you use as a trigger for a trade. I took the close below the low of the last up candle at 0.9611 on the 15M chart. In at 0.9608. My 1st TP is 0.9560 S/R on the 4H.
Didn't see the bounce on the 1H at 0.9579. Don't have your expert eye yet.
Not sure about EUR/CHF. Not one I follow.
Been short on USD/JPY since 104.29. Just closed out at 103.53
Those that can, do, those that can't, teach.
  • #309
  • May 23, 2008 4:56am May 23, 2008 4:56am
Quoting pf1966
Nice to know I'm looking at the same levels as you. I'm interested to know what you use as a trigger for a trade. I took the close below the low of the last up candle at 0.9611 on the 15M chart. In at 0.9608. My 1st TP is 0.9560 S/R on the 4H.
Didn't see the bounce on the 1H at 0.9579. Don't have your expert eye yet.
Not sure about EUR/CHF. Not one I follow.
Been short on USD/JPY since 104.29. Just closed out at 103.53
Yeah JPY just bounced on the lower level at 103.45....oh well. I actually missed that mark. So I got in a little too early but still in profit.

Sometimes you have to just go for it, and if you get a push just get rid of it (but not too early, sometimes they take time before finally popping. In terms of a safe trigger, I just saw it was stalling on a 5min chart and went for it. Typical intraday trade.
  • #310
  • May 23, 2008 5:02am May 23, 2008 5:02am
Quoting scyang
Any particular reason why you don't think uj will go lower than 103.55?
Nope, none. Anything is possible. Its selling hard though so I just closed my trade for only a couple pips. Could be premature but I dont like how its acting. I dont want to be part of a bloodbath today. Its Friday.
  • #311
  • May 23, 2008 5:11am May 23, 2008 5:11am
Thanks for the observations.

EUR/USD, USD/CHF, GBP/USD not going anywhere. Needs some news to shift things.
Still watching 103.50 area for a new trade. Long on bounce, short on break.
Those that can, do, those that can't, teach.
  • #312
  • May 23, 2008 5:20am May 23, 2008 5:20am
Quoting pf1966
Thanks for the observations.

EUR/USD, USD/CHF, GBP/USD not going anywhere. Needs some news to shift things.
Still watching 103.50 area for a new trade. Long on bounce, short on break.
I know ex the news I'm looking for a long dollar day but this pullback is still on across the board so I'm waiting for now.
  • #313
  • May 23, 2008 5:30am May 23, 2008 5:30am
GU holding 1.98 for now
  • #314
  • May 23, 2008 5:32am May 23, 2008 5:32am
Quoting BillyRayValentine

USD/CAD looks like its about to close above solid resistance for a long. Watch out for the diagonal trendline.
Me too looking for USCAD long at break of trendline. Looks like its going to be a long wait.
  • #315
  • May 23, 2008 5:43am May 23, 2008 5:43am
Quoting good
Me too looking for USCAD long at break of trendline. Looks like its going to be a long wait.
I know I've scalped that resistance line twice now and was waiting for the break. Obstacles annoy me . Frustrating day so far. Nothing major going on.
  • #316
  • May 23, 2008 10:29am May 23, 2008 10:29am
USD/JPY heading back to 102.75?
Those that can, do, those that can't, teach.
  • #317
  • May 23, 2008 10:37am May 23, 2008 10:37am
Quoting pf1966
USD/JPY heading back to 102.75?
Sooner or later and it might be good for a small bounce but we'll have to see when it gets there. Its got to break it eventually. Its been hit a lot of times now and this last approach is recent.
  • #318
  • May 24, 2008 7:22pm May 24, 2008 7:22pm
USDJPY bouncing off support...


http://i29.tinypic.com/978e12.gif


But it's a close call...


http://i32.tinypic.com/2hi1hxk.gif
  • #319
  • May 25, 2008 4:39pm May 25, 2008 4:39pm
The CHFJPY looks like a pretty clean "No Brainer" to go short, though one would have to se what the gap is gonna be like.

If the gap is up, even better, then I'll short it with a 20 pip S/L and a first target at 100.37.

If the gap is down I have to see how big it is and assess it from there, whether I jump straight in or wait for a gap closure, but a gap anything within 10 pip an immediate short from my side.

Damn, I didn't manage to catch up on Friday, else I would have shorted it then.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 36 KB
Click to Enlarge Name: chfjpy2.gif Size: 54 KB
Be like a post stamp! Stick to it until you get there!
  • #320
  • May 25, 2008 5:35pm May 25, 2008 5:35pm
Quoting Mary Pippins
The CHFJPY looks like a pretty clean "No Brainer" to go short, though one would have to se what the gap is gonna be like.

If the gap is up, even better, then I'll short it with a 20 pip S/L and a first target at 100.37.

If the gap is down I have to see how big it is and assess it from there, whether I jump straight in or wait for a gap closure, but a gap anything within 10 pip an immediate short from my side.

Damn, I didn't manage to catch up on Friday, else I would have shorted it then.
Tough call but I am waiting for 102.76 for a short. IMO price looks like it can go either way as the trading starts on a Sunday night.
History is written by the victors.
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