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EUR/GBP SHORT for No Brainer

  • #21
  • Jun 24, 2008 2:05pm Jun 24, 2008 2:05pm
these sessions are exactly the session, where i have to work 8 h / day.

Otherwise, i would be a succesfull trader So i trade the daily.

You use PA, SR-Level, someting else ?
  • #22
  • Jun 24, 2008 2:05pm Jun 24, 2008 2:05pm
Still hanging there but overall downtrend still intact, lower STL to 0.7963, still aiming for 0.7223 as ultimate target...it may take a few months but who cares, I can collect daily interests anyway:-)
  • #23
  • Jun 24, 2008 2:09pm Jun 24, 2008 2:09pm
I use FIB, SMA, EMA, S/R No PA but SSD (8-8-5)
  • #24
  • Jun 24, 2008 2:11pm Jun 24, 2008 2:11pm
oh, ok. pretty good forecast, its dropping.
might be dropping more, if dow closes.
have a nice trading, i whatch TV now.
  • #25
  • Jun 24, 2008 2:43pm Jun 24, 2008 2:43pm
will get accelerated once pass 81 EMA on Hourly chart, watch it sky diving:-)
  • #26
  • Jun 25, 2008 6:45am Jun 25, 2008 6:45am
Hello Austin,

What you say today about EUR/JPY? UP or DOWN?
  • #27
  • Jun 25, 2008 6:52am Jun 25, 2008 6:52am
Quoting kijkij
What you say today about EUR/JPY? UP or DOWN?
better not short, wait for big dip and buy
  • #28
  • Jun 25, 2008 10:04am Jun 25, 2008 10:04am
Booked 56 pips last night befor eLondon session, now entered fresh shorts on both EY (168.43) and GJ (212.98), am loving them.
Made total of 305 pips yesterday on three pairs: EY,GU and EG
  • #29
  • Jun 25, 2008 10:17am Jun 25, 2008 10:17am
U/J lloks to be a good candidate today, will set up Short entry at 108.30 with STL at 108.63 target for 103.65 but will adjust depend on market conditions
  • #30
  • Jun 25, 2008 10:37am Jun 25, 2008 10:37am
Perfect!, My Shorts just got filled.
  • #31
  • Jun 25, 2008 10:40am Jun 25, 2008 10:40am
Quoting Austin168
Perfect!, My Shorts just got filled.
That just doesn't sound right. LOL!

Anyway, be careful today with the interest rate announcement at 1415 eastern U.S. time could move it strong one way or another depending on what Bernanke says.

Good luck and hopefully it will move all the way to your target.
  • #32
  • Jun 25, 2008 10:42am Jun 25, 2008 10:42am
Quoting Austin168
Short at current level with STL at 168.66
T1==>166.76
T2==>164.30
T3==>159.60

Hehe, Almost hit my STL, missed by 4 pips.
Entered 2 addtional lots shorts at 1.6856 w STL at 168.66. TG remain unchanged. Should expect down move around 4:30/ 5Pm PM ET.
  • #33
  • Jun 25, 2008 10:47am Jun 25, 2008 10:47am
Personally I think you're nuts to short here. But I've been long for while, so maybe biased. ;-)
There's always money in the banana stand.
  • #34
  • Jun 25, 2008 10:47am Jun 25, 2008 10:47am
got to have guts bro.
  • #35
  • Jun 25, 2008 10:49am Jun 25, 2008 10:49am
Quoting mrmunir
agree with u bro
Wow, so close to mt STL, just shy of 1.5 pips
  • #36
  • Jun 25, 2008 10:55am Jun 25, 2008 10:55am
Well you've got em if you're shorting here. CAn I ask your reasoning?
There's always money in the banana stand.
  • #37
  • Jun 25, 2008 10:57am Jun 25, 2008 10:57am
  •  007
  • | Joined Jun 2007 | Status: "Undisciplined Trader" | 49 Posts
Quoting Austin168
got to have guts bro.
The upward momentum is so steady + the upcoming FOMC in a few hours that certainly increase the volatility.......... then why blindly short for a ridiculous 14:1 RR?
  • #38
  • Jun 25, 2008 11:04am Jun 25, 2008 11:04am
Quoting 007
The upward momentum is so steady + the upcoming FOMC in a few hours that certainly increase the volatility.......... then why blindly short for a ridiculous 14:1 RR?

Blindly short at 108.30??? Strong R around 108.30 to 108.45, bro, also ADX is decreasing and it's over bought.
Never enter my POS without reason besdie R/R ratio
  • #39
  • Jun 25, 2008 11:06am Jun 25, 2008 11:06am
Quoting Austin168
Wow, so close to mt STL, just shy of 1.5 pips
Stopped with loss of 23 pips average, will enter short at 168.76 w STL at 169.06
  • #40
  • Jun 25, 2008 11:12am Jun 25, 2008 11:12am
well guys..i think eurjpy is about to go 169....its just a matter of time
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