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  • #81
  • Edited 7:16am May 28, 2008 7:05am | Edited 7:16am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I've used this in the past with other traders: http://www.tradingrooms.com/
Have you used it before? It works pretty well overall and it's free. Let us know if you create a room there.

EDIT: Just logged in to tradingrooms and it's fairly straightforward to create a room, but I'm not sure how to share charts. You might have to play around with those features and I'm assuming trading hours probably aren't best for that. Well hopefully we'll be able to figure something out.
"Wishful thinking dies hard." Igor T.
  • #82
  • May 28, 2008 7:12am May 28, 2008 7:12am
Oops made an error above in the post . Posted targets instead of entries. Sorry.

Current session reversals.

Long EURUSD at 5650. Current Target is 5760.
Long GBPUSD at 9735. Current Target is 9832
Short USDJPY at 104.88. Current Target is 103.99

There it is right now
  • #83
  • May 28, 2008 7:15am May 28, 2008 7:15am
Quoting DownRiverTrader
Oops made an error above in the post . Posted targets instead of entries. Sorry.

Current session reversals.

Long EURUSD at 5650. Current Target is 5760.
Long GBPUSD at 9735. Current Target is 9832
Short USDJPY at 104.88. Current Target is 105.93

USDJPY 105.93 ??? SHORT target ???

KG

Edit: ups... you have fix it.. ok
  • #84
  • May 28, 2008 7:20am May 28, 2008 7:20am
Durable Good at 8:30. Use the news to get positioned. It will likely be volatile. This type of trading is not for the weak of heart
  • #85
  • May 28, 2008 7:33am May 28, 2008 7:33am
much better numbers than expected. doe not look like 103 is in the cards for now.
  • #86
  • May 28, 2008 7:42am May 28, 2008 7:42am
Quoting mtrmth
much better numbers than expected. doe not look like 103 is in the cards for now.
Durable goods is a very volatile number. The bigger players don't pay attention to this very much. Ironically, it is because of a weaker dollar mostly.
  • #87
  • May 28, 2008 7:44am May 28, 2008 7:44am
Quoting FxChi
I've used this in the past with other traders: http://www.tradingrooms.com/
Have you used it before? It works pretty well overall and it's free. Let us know if you create a room there.

EDIT: Just logged in to tradingrooms and it's fairly straightforward to create a room, but I'm not sure how to share charts. You might have to play around with those features and I'm assuming trading hours probably aren't best for that. Well hopefully we'll be able to figure something out.
Thanks. I will check it out sometime.
  • #88
  • May 28, 2008 7:49am May 28, 2008 7:49am
Quoting DownRiverTrader
Oops made an error above in the post . Posted targets instead of entries. Sorry.

Current session reversals.

Long EURUSD at 5650. Current Target is 5760.
Long GBPUSD at 9735. Current Target is 9832
Short USDJPY at 104.88. Current Target is 103.99

There it is right now
Hi DRT..

The fundamentals looks against you..

Do u still believe in this trades??

What's your SL?
  • #89
  • May 28, 2008 7:52am May 28, 2008 7:52am
oil is down to 126 due to saudi increase in production. will that make a difference with the dollar??? or is that just noise to be filtered out??? dow futures are up pretty good right now, and the jpy has a tendency to follow the dow pretty closely, i have noticed. or is this just a patience move??
  • #90
  • May 28, 2008 7:56am May 28, 2008 7:56am
KG,

I think this is typo. I think DRT meant 103.93.

Please check your personal private message in FF. I sent you one.

TG


Quoting Kang_Gun
USDJPY 105.93 ??? SHORT target ???

KG

Edit: ups... you have fix it.. ok
  • #91
  • May 28, 2008 8:10am May 28, 2008 8:10am
Quoting DownRiverTrader
Oops made an error above in the post . Posted targets instead of entries. Sorry.

Current session reversals.

Long EURUSD at 5650. Current Target is 5760.
Long GBPUSD at 9735. Current Target is 9832
Short USDJPY at 104.88. Current Target is 103.99

There it is right now
Here are the revised levels as of 9:00 after the data.

Long E/U 5650. Target 5749. Alt target = 5680.
Long G/U 9735. Target 9827. Alt target = 9765
Short U/J 104.88. Target 104.03. Alt target = 104.65

I included a very short target for those of you who want to watch it. Will update after the US equities get going.

I will also give some guidance on what to do if we do not reach the longer targets intraday later on.

Use proper risk on this as it is surely risky. Might be best to just play these on paper for a while if you are not comfortable.
  • #92
  • May 28, 2008 8:15am May 28, 2008 8:15am
Hello DRT,

I took advantage of the durable goods. entered the GU at an average of 9730 and exited now 1st position at 9750 for 20 p. will re-enter if a retracement happens. I am still in the other pairs.

TG
  • #93
  • May 28, 2008 8:26am May 28, 2008 8:26am


Quoting tennisguy
Hello DRT,

I took advantage of the durable goods. entered the GU at an average of 9730 and exited now 1st position at 9750 for 20 p. will re-enter if a retracement happens. I am still in the other pairs.

TG
  • #94
  • May 28, 2008 9:05am May 28, 2008 9:05am
Here are the revised target levels as of 10:00. We are slowly chopping wood.

Long E/U 5650. Target 5737. Alt target = 5680.
Long G/U 9735. Target 9821. Alt target = 9765 - TARGET HIT
Short U/J 104.88. Target 103.91. Alt target = 104.65

I will also give some guidance on what to do if we do not reach the longer targets intraday later on.

Use proper risk on this as it is surely risky. Might be best to just play these on paper for a while if you are not comfortable
  • #95
  • May 28, 2008 9:10am May 28, 2008 9:10am
Quoting DownRiverTrader
Here are the revised target levels as of 10:00. We are slowly chopping wood.

Long E/U 5650. Target 5737. Alt target = 5680.
Long G/U 9735. Target 9821. Alt target = 9765 - TARGET HIT
Short U/J 104.88. Target 103.91. Alt target = 104.65

I will also give some guidance on what to do if we do not reach the longer targets intraday later on.

Use proper risk on this as it is surely risky. Might be best to just play these on paper for a while if you are not comfortable
I did two of the three positions you suggested before I saw your posting. Hope it will pan out.
Expected the unexpected
  • #96
  • May 28, 2008 9:10am May 28, 2008 9:10am
Quoting DownRiverTrader
Here are the revised target levels as of 10:00. We are slowly chopping wood.

Long E/U 5650. Target 5737. Alt target = 5680.
Long G/U 9735. Target 9821. Alt target = 9765 - TARGET HIT
Short U/J 104.88. Target 103.91. Alt target = 104.65

I will also give some guidance on what to do if we do not reach the longer targets intraday later on.

Use proper risk on this as it is surely risky. Might be best to just play these on paper for a while if you are not comfortable
Hey DRT!

Do you also utilize Fibs in your calculations by any chance? The reason I ask is that your targets are almost dead on my fib calculations.
Humble Lifetime Member
  • #97
  • May 28, 2008 9:21am May 28, 2008 9:21am
Hello DRT,

I closed my other GU unit at 1.9795. I dont know how you saw the daily reversal but that was a good call.

TG
  • #98
  • May 28, 2008 9:25am May 28, 2008 9:25am
Adjust targets

E/U 1.5735
U/J 103.91
G/U 1.9825
  • #99
  • May 28, 2008 9:36am May 28, 2008 9:36am
Stay Long. Adjust G/U target

E/U 1.5733
U/J 103.91
G/U 1.9829
  • #100
  • May 28, 2008 9:47am May 28, 2008 9:47am
Stay Long. Adjust G/U target

E/U 1.5733
U/J 103.91
G/U 1.9831
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