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  • #1,161
  • Jul 16, 2008 10:32am Jul 16, 2008 10:32am
Quoting djambazov84
BRV long @ eur/usd 1.5800 area ?
Yeah still looks pretty good for now.
  • #1,162
  • Jul 16, 2008 10:43am Jul 16, 2008 10:43am
brv--did you long gbp/usd at 1.9663 support area ?
  • #1,163
  • Edited 11:08am Jul 16, 2008 10:55am | Edited 11:08am
Quoting BillyRayValentine
Long GBP/USD 1.9965-1.9958

Under normal conditions price should hit this right on the head and make a decent retrace ex any news - its sticking out like a sore thumb.
+42 from the .9960 mark so far, right at the top of the bar on the 4hr chart about.

2.000 is an obstacle to break, then after that maybe 2.0030. But there is some decent USD buying going on today so trying to tell what we have here as I write.....
  • #1,164
  • Jul 16, 2008 11:12am Jul 16, 2008 11:12am
Quoting xPiP
Attachment

A thing of beauty
Hahaha - awesome man - keep it going....
  • #1,165
  • Jul 16, 2008 11:24am Jul 16, 2008 11:24am
Quoting BillyRayValentine
+42 from the .9960 mark so far, right at the top of the bar on the 4hr chart about.

2.000 is an obstacle to break, then after that maybe 2.0030. But there is some decent USD buying going on today so trying to tell what we have here as I write.....
Gah, been away all day. Had my entry set at .9959 for this one. Oh well, on to the next one.
  • #1,166
  • Jul 16, 2008 11:38am Jul 16, 2008 11:38am
Quoting BillyRayValentine
Long GBP/USD 1.9965-1.9958

Under normal conditions price should hit this right on the head and make a decent retrace ex any news - its sticking out like a sore thumb.
Just going to follow procedure on this one - took some partial at 2.000, leaving the rest going, stop just about at breakeven. I think we'll be in a relative range for the rest of the day to time for BRV to get some zzzz's.
  • #1,167
  • Jul 16, 2008 12:17pm Jul 16, 2008 12:17pm
1.0250 looks like the next good short position on the USDCHF. Beyond that 1.0350. What do you think?

(Red lines are significant price action points from a few months back, blue are from the latest downtrend.)
Attached Image (click to enlarge)
Click to Enlarge Name: 07-16-08 usdchf 2.gif Size: 53 KB
  • #1,168
  • Jul 16, 2008 12:19pm Jul 16, 2008 12:19pm
By the way, I'm loving this thread. It has opened my eyes in so many ways.
  • #1,169
  • Jul 16, 2008 12:59pm Jul 16, 2008 12:59pm
BRV/Zentrader,

I've been looking at this pair too - USDCHF, and I'd have thought there's a stronger band of S&R at :
1.0216-1.0227
followed by as you point out ZT
1.0251-1.0260
and finally:
1.0348-1.0361
I've never thought about trades in these terms before, so go easy if I'm wildly off the mark!
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot.jpg Size: 202 KB
  • #1,170
  • Jul 16, 2008 1:09pm Jul 16, 2008 1:09pm
1.0217 does look good too, but I'd rather buy at more of a discount, than buy too early and be wrong. Fundamentally, it looks bad for the USD near future, so I suspect it will drop back down at some point.
  • #1,171
  • Jul 16, 2008 1:37pm Jul 16, 2008 1:37pm
Quoting triphop
BRV/Zentrader,

I've been looking at this pair too - USDCHF, and I'd have thought there's a stronger band of S&R at :
1.0216-1.0227
followed by as you point out ZT
1.0251-1.0260
and finally:
1.0348-1.0361
I've never thought about trades in these terms before, so go easy if I'm wildly off the mark!
Youre not wildly off at all. 1.0217 should work out, and the higher levels are all within reason.
  • #1,172
  • Jul 16, 2008 1:41pm Jul 16, 2008 1:41pm
long eur/usd 1.58 BRV
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,173
  • Edited 1:57pm Jul 16, 2008 1:43pm | Edited 1:57pm
Quoting djambazov84
long eur/usd 1.58 BRV
yup - use caution though. The US equity markets are running full steam right now in a positive direction for the dollar. If this gets taken out just use the next rung on the ladder, which should be around 1.5760.

But given the situation trade this defensively.

I thought I was getting some sleep until this hit. I guess that's what vacations are for. I'm up about 16 pips so far.
  • #1,174
  • Jul 16, 2008 1:45pm Jul 16, 2008 1:45pm
EU/$ already breached weekly pivot 1.5827 ......... I think 1.5800 too early to long?
Advice me I maybe wrong big time
BANDA333
  • #1,175
  • Jul 16, 2008 1:46pm Jul 16, 2008 1:46pm
Looks like 1.5760 wont come into play....I hope!
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,176
  • Jul 16, 2008 1:48pm Jul 16, 2008 1:48pm
Quoting PipRipper
Attachment

USDCHF is hitting resistance and is in upper fib projection area. Get your shorts on.
I dont see any clear sign to short now. I think we can get price bounce @ 1.5765 eurusd 1.0215 usdchf. 30 pips to go on both pairs ;]
  • #1,177
  • Jul 16, 2008 1:49pm Jul 16, 2008 1:49pm
BRV apologize for the following quesiton and I know you have probably explained it a milion times. How did you derive the 1.5760 level. I admit I have not read all the posts so if you could direct me to one on how to derive upper/lower boundaries of a dense level of S&R would be of great appreciation.

A thousand thanks !
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,178
  • Jul 16, 2008 1:54pm Jul 16, 2008 1:54pm
Quoting djambazov84
BRV apologize for the following quesiton and I know you have probably explained it a milion times. How did you derive the 1.5760 level. I admit I have not read all the posts so if you could direct me to one on how to derive upper/lower boundaries of a dense level of S&R would be of great appreciation.

A thousand thanks !
Correct me if i'm wrong BRV, but on my 1H chart it shows that 1.576 was used as support on July 10 and has been used as resistance prior to that.
  • #1,179
  • Jul 16, 2008 2:00pm Jul 16, 2008 2:00pm
Quoting AxMix
Correct me if i'm wrong BRV, but on my 1H chart it shows that 1.576 was used as support on July 10 and has been used as resistance prior to that.
Correct AmMix. Thanks!
  • #1,180
  • Jul 16, 2008 2:13pm Jul 16, 2008 2:13pm
105.00 looks like an interesting S&R level for usd/jpy i think it just bumped against some major selling pressure

also great call on long @ 1.5800 BRV. At least from a scalping perspective
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
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