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  • #11,761
  • Jun 25, 2008 1:27am Jun 25, 2008 1:27am
By the looks of it that was quite a sharp break. But we can never be so sure....but a tip sell right now at 1.5554 keep your stop tight @ about 10-15 pips, what have you got to lose? just that little for a highly probable ride of the downward momentum.


the rest of you, keep buying
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,762
  • Jun 25, 2008 1:30am Jun 25, 2008 1:30am
The COT reports dont lie, alot of bearish sentiment for the EUR/USD but as I say...we shall see. will we be a part of it or watch on the sidelines...hmmm...decisions...decisions....
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,763
  • Jun 25, 2008 1:31am Jun 25, 2008 1:31am
my sl is 5530, a little above BE, i think it should be a safe one, holding out for 5800 and above. going to watch tv, see u in a bit.
  • #11,764
  • Jun 25, 2008 1:33am Jun 25, 2008 1:33am
Quoting Clouds
my sl is 5530, a little above BE, i think it should be a safe one, holding out for 5800 and above. going to watch tv, see u in a bit.

forsure man, i think im gonna walk away for now. bbl in 30 min
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,765
  • Jun 25, 2008 1:34am Jun 25, 2008 1:34am
Quoting FXCapitalist
The COT reports dont lie, alot of bearish sentiment for the EUR/USD but as I say...we shall see. will we be a part of it or watch on the sidelines...hmmm...decisions...decisions....
lol, but there's no bearish action, look at the charts. you want see bearish action? Look at eur/aud or gbp/aud, charts don't lie.
  • #11,766
  • Jun 25, 2008 1:41am Jun 25, 2008 1:41am
I cant walk away, I can say I was wrong on the last lot, however i still won =]
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,767
  • Jun 25, 2008 1:42am Jun 25, 2008 1:42am
Quoting Clouds
lol, but there's no bearish action, look at the charts. you want see bearish action? Look at eur/aud or gbp/aud, charts don't lie.

they dont lie, to a point which is the last candle of the past. other than that, anything goes.
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,768
  • Jun 25, 2008 1:45am Jun 25, 2008 1:45am
Quoting FXCapitalist
they dont lie, to a point
whats the link , is there percentages or something? ive heard many traders do use them to an extent. but aud/usd, gbp/usd, eur/usd, all seem go together like chocolates in a box.
  • #11,769
  • Jun 25, 2008 1:54am Jun 25, 2008 1:54am
Took EUR/USD short!!!
  • #11,770
  • Jun 25, 2008 1:54am Jun 25, 2008 1:54am
Off the subject, but tempting trade none the less, GBP/CAD, crossed line on daily could go to 9350, maybe if goes down 30-40 more pips, I might consider it. 600+ pips.
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  • #11,771
  • Jun 25, 2008 1:56am Jun 25, 2008 1:56am
Well there may be a correlation, but never a 100% correlation, we can leave it at that.
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,772
  • Jun 25, 2008 1:56am Jun 25, 2008 1:56am
Hey guys....Don't forget Trichet in next 1,5 hours
  • #11,773
  • Jun 25, 2008 1:59am Jun 25, 2008 1:59am
Whats your target FX??

Maybe hold till US?
  • #11,774
  • Jun 25, 2008 2:01am Jun 25, 2008 2:01am
Quoting pipmac
Whats your target FX??

Maybe hold till US?

LOL my target is my stop. I have no target. All i do is manage risk i dont care when I get out.


*REMEMBER dont consider my statements as financial advice =] consult your financial planner accordingly****
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,775
  • Jun 25, 2008 2:04am Jun 25, 2008 2:04am
Quoting FXCapitalist
LOL my target is my stop. I have no target. All i do is manage risk i dont care when I get out.


*REMEMBER dont consider my statements as financial advice =] consult your financial planner accordingly****

What do you mean...So you move your SL every few pips down??
  • #11,776
  • Jun 25, 2008 2:04am Jun 25, 2008 2:04am
And this is significant due to EUR Session picking up.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #11,777
  • Jun 25, 2008 2:05am Jun 25, 2008 2:05am
Quoting pipmac
What do you mean...So you move your SL every few pips down??

something like that, I calculate stuff based on the price action and my risk and reward ratios. of course Ill move my stop. That's my main focus on a trade, my stop.
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,778
  • Jun 25, 2008 2:06am Jun 25, 2008 2:06am
Quoting sonicdeejay
Took EUR/USD short!!!
lol welcome to the club thanks for helping the move south, i been short since i dont know when. =]
"Diversification is an excuse for a lack of talent" ~FXC
  • #11,779
  • Jun 25, 2008 2:07am Jun 25, 2008 2:07am
out of my eur/usd trade, into short gbp/cad.
  • #11,780
  • Jun 25, 2008 2:07am Jun 25, 2008 2:07am
Short at 1.5564, looking to take profit around 1.5500
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