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  • #13,681
  • Jul 9, 2008 3:08am Jul 9, 2008 3:08am
Goodnight, ill let my EU and AU longs sit and dry, could be a couple days before we break out of this tight range, but hopefully when I wake up PS. 55 HR SMA at 5680, maybe it'll be the low.
  • #13,682
  • Jul 9, 2008 3:09am Jul 9, 2008 3:09am
Quoting pipmac
Why don't you cover? And wait for another long signal?

Edit: As the saying gos never let a winning trade turn into a losing one.

nah, it's already covered, that's why the SL & breakeven point is at 1.5643, when another long signal comes, I'll stack up, i'm aiming for infinity gain..
  • #13,683
  • Jul 9, 2008 3:10am Jul 9, 2008 3:10am
Quoting pipmac
Why don't you cover? And wait for another long signal?

Edit: As the saying gos never let a winning trade turn into a losing one.

also there's no short signal from the drop from 1.5726 either, that's why I'm still holding, if there were short signal, I would've hedged until I get the long signal again
  • #13,684
  • Jul 9, 2008 3:13am Jul 9, 2008 3:13am
Quoting dragoncat
aiming for infinity gain

  • #13,685
  • Jul 9, 2008 3:17am Jul 9, 2008 3:17am
This is what I see, a triangle formation..
I'm waiting for price to drop to 1.5641 or 1.5616,,
Attached Image (click to enlarge)
Click to Enlarge Name: triangleeurusd.GIF Size: 33 KB
  • #13,686
  • Jul 9, 2008 3:19am Jul 9, 2008 3:19am
Quoting pipmac

you never know, EUR, still looks bullish medium to long term, if it holds 1.5610, it could be on the way to test 1.5908, although it's not looking good! As JPY, CHF & GBP all turned around and became bearish in the short term, but i will look to long while it's still above 1.5610, if EURUSD becomes bearish, I'll long USDCHF to save on interest...
  • #13,687
  • Jul 9, 2008 3:23am Jul 9, 2008 3:23am
Still long the EURO, rapid ascent to 1.62 coming.
  • #13,688
  • Jul 9, 2008 3:24am Jul 9, 2008 3:24am
Perfect Mirror.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 31.png Size: 20 KB
  • #13,689
  • Jul 9, 2008 3:26am Jul 9, 2008 3:26am
Quoting DownRiverTrader
Still long the EURO, rapid ascent to 1.62 coming.

makes me feel better to have someone on the same boat... haha..
sign of reversal, but need to find support and form a base around 1.5675, in the mean time, I'm getting something to eat!
  • #13,690
  • Jul 9, 2008 3:36am Jul 9, 2008 3:36am
Quoting DownRiverTrader
Still long the EURO, rapid ascent to 1.62 coming.
then max out if ur so sure ahahahha

No offense i don't know maybe
  • #13,691
  • Jul 9, 2008 3:38am Jul 9, 2008 3:38am
Quoting Fx_Genius
This is what I use for the future...
Works every time.

http://www.imagi-nation.com/moonstruck/question.html
Love it.
  • #13,692
  • Jul 9, 2008 3:39am Jul 9, 2008 3:39am
What is about to happen is that the last leg of a powerful bull market will complete it's course. Likely to 1.65.

The consensus view on the EUR has changed. Weak hands have bailed and now the media is jumping on a different bandwagon. These are times when the most money is made on longer term holds. There is certainly a ground swell of EURO bearishness brewing and it will likely turn the currency down later this year, early 2009. By that time the media will be saying EURO to 2.0 and just when everyone is getting long the fundamental swell will take hold and a multi year move down will occur. It is just not time yet in my very humble opinion.

The currency markets have nothing to trade on right now except the US Equities plays. It is a sad time.
  • #13,693
  • Jul 9, 2008 3:41am Jul 9, 2008 3:41am
Quoting pipmac
then max out if ur so sure ahahahha

No offense i don't know maybe
oh, im sure the guy saying EURUSD to 1.4 when it was 1.3 was not believed either.
  • #13,694
  • Jul 9, 2008 3:41am Jul 9, 2008 3:41am
Quoting Clouds
oh, im sure the guy saying EURUSD to 1.4 when it was 1.3 was not believed either.
Nice call on that but you gave up on it b4 it got there
  • #13,695
  • Jul 9, 2008 3:44am Jul 9, 2008 3:44am
Euro is approaching the 1.5660 and no sign of reversal yet....So please don't go long. GL
  • #13,696
  • Jul 9, 2008 3:48am Jul 9, 2008 3:48am
it shouldn't make a lower low. the last low was at 5645, night
  • #13,697
  • Jul 9, 2008 3:49am Jul 9, 2008 3:49am
Quoting Clouds
it shouldn't make a lower low.

But it could...I see no convincing bounce yet.

If it flys above 1.5672 then maybe.
  • #13,698
  • Jul 9, 2008 3:51am Jul 9, 2008 3:51am
Quoting pipmac
But it could...I see no convincing bounce yet.

If it flys above 1.5672 then maybe.
'unless it makes a lower low' i'm still bullish. the last low was 5645, anywy, im still long, and goodnight.
  • #13,699
  • Jul 9, 2008 3:56am Jul 9, 2008 3:56am
Quoting Clouds
'unless it makes a lower low' i'm still bullish. the last low was 5645, anywy, im still long, and goodnight.
Just curious..Where's your stop?
  • #13,700
  • Jul 9, 2008 3:59am Jul 9, 2008 3:59am
1.5600 please...
this week i see 1.55 at least...everything is possible...
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