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Ask DRT

  • #101
  • May 28, 2008 9:51am May 28, 2008 9:51am
Agressive traders can reverse at the G/U Target to short.

Current Target = 9768

or you can just take a nap and take a nice day's pay
  • #102
  • May 28, 2008 9:54am May 28, 2008 9:54am
Forget the nap DRT, I shorted the GU at 9818.

TG
  • #103
  • May 28, 2008 9:55am May 28, 2008 9:55am
The eur/gbp is going down fast and with it pushing the GU up.

TG
  • #104
  • May 28, 2008 9:55am May 28, 2008 9:55am
ADjust G/U target up to 9835 if you have time
  • #105
  • May 28, 2008 9:57am May 28, 2008 9:57am
Any idea why GU has gone up so much, yet eurusd has come down even when crude and gold have gone higher?
Expected the unexpected
  • #106
  • May 28, 2008 9:58am May 28, 2008 9:58am
Quoting tennisguy
The eur/gbp is going down fast and with it pushing the GU up.

TG
Hurting our E/U trade too
  • #107
  • May 28, 2008 10:02am May 28, 2008 10:02am
True DRT, it is hurting the eur. it seems now at 11 am EST. the euro reached the 1.5630 and the demand (your term not mine (supply and demand) might start again as it happened during the durable goods ordered. wait and see.

TG




Quoting DownRiverTrader
Hurting our E/U trade too
  • #108
  • May 28, 2008 10:06am May 28, 2008 10:06am
Stay long if you can...

Adjustments as of 11:00. Things should stablize now so the updates will be less frequent.

E/U - Target 5729
G/U - Target 9839
U/J - Target 103.99

Good luck. Nice trade TG
  • #109
  • May 28, 2008 10:19am May 28, 2008 10:19am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Excellent stuff DRT! Very impressive!! Regarding E/U do you still have a bull bias on it? Technically it's broken a 4 hr trendline that's provided a lot of support, so I'm questioning the strength of the trend now. If so, what are the levels you'll be looking at or is it too early in the day to ask this?
"Wishful thinking dies hard." Igor T.
  • #110
  • May 28, 2008 10:27am May 28, 2008 10:27am
Hello KG I sent you a private message.

TG
  • #111
  • May 28, 2008 10:41am May 28, 2008 10:41am
Thanks for all the great info DRT. How did you call the reversal on U/J ? Was it a pivot point indicator?

Ash, thanks for the reminder on fibs.
  • #112
  • May 28, 2008 11:50am May 28, 2008 11:50am
Adjustments as of 1:00. Just in case anybody is still awake out there.



E/U - Target 5720
G/U - Target 9839
U/J - Target 103.91
  • #113
  • May 28, 2008 11:54am May 28, 2008 11:54am
DRT what do you think about EUR/JPY ? It will go down or up.
  • #114
  • May 28, 2008 11:58am May 28, 2008 11:58am
Hi, DRT...what do you think anout AUDUSD?
  • #115
  • May 28, 2008 12:00pm May 28, 2008 12:00pm
At 3:00 PM EST, I usually make a determination about whether to exit or hold based on where I am. I will post shortly after this time and let you know.
It's been a little crazy today with the Euro.
  • #116
  • May 28, 2008 12:02pm May 28, 2008 12:02pm
Quoting Küster
Hi, DRT...what do you think anout AUDUSD?
if you mean short term,


I would set shorts at 9625/35 and target 9589.
  • #117
  • May 28, 2008 12:04pm May 28, 2008 12:04pm
Quoting DownRiverTrader
if you mean short term,


I would set shorts at 9625/35 and target 9589.
That`s exactly what i`ve done some minutes ago...Thanks.
  • #118
  • May 28, 2008 12:09pm May 28, 2008 12:09pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting DownRiverTrader
Adjustments as of 1:00. Just in case anybody is still awake out there.



E/U - Target 5720
G/U - Target 9839
U/J - Target 103.91
Still awake over here... Thank you very much for the update.
"Wishful thinking dies hard." Igor T.
  • #119
  • May 28, 2008 12:09pm May 28, 2008 12:09pm
Quoting DownRiverTrader
At 3:00 PM EST, I usually make a determination about whether to exit or hold based on where I am. I will post shortly after this time and let you know.
It's been a little crazy today with the Euro.

As of now, and this could change a little...

In order to stay long the E/U. It needs to close above 5664
In order to stay long the G/U. It needs to close above 9776
In order to stay short the U/J. It need to close below 104.61.

Give or take a few ticks.
  • #120
  • May 28, 2008 12:50pm May 28, 2008 12:50pm
Quoting DownRiverTrader
As of now, and this could change a little...

In order to stay long the E/U. It needs to close above 5664
In order to stay long the G/U. It needs to close above 9776
In order to stay short the U/J. It need to close below 104.61.

Give or take a few ticks.
DRT,

When you metioned: It needs to close above/below ......
Is it Hourly bar or Daily bar usually?


trader8686
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