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  • #14,961
  • Jul 16, 2008 7:14pm Jul 16, 2008 7:14pm
........ lol lol lol ...............

Quoting NuckingFuts


You still short Clouds?

I too can tell my kids I shorted Euro from 1.60
BANDA333
  • #14,962
  • Jul 16, 2008 7:21pm Jul 16, 2008 7:21pm
Quoting Clouds
We'll be swimming in 1.57 tomorrow, and 1.56 is going to be a tough nut to crack, but it will, and see you at 1.53 next week. Just info, not a reco
Hope you are right Clouds I'll be buying all the way down to hell every 50 pips or so. (Just like the suits)
  • #14,963
  • Jul 16, 2008 7:41pm Jul 16, 2008 7:41pm
Decided to keep my e/u longs.

If it goes below 1.5740 then Im closing all my longs.
  • #14,964
  • Jul 16, 2008 7:43pm Jul 16, 2008 7:43pm
Unfortunately I took that hopefully temporary pain as well, hang in there the trend has to work for us eventually
99% of Traders fail, so don't follow the herd
  • #14,965
  • Jul 16, 2008 8:15pm Jul 16, 2008 8:15pm
Sorry, I meany to say 1.5750 at UTL. Dont know what I was thinking.

Jim

Quoting dragoncat
not good idea to try to catch the falling dagger, all trends from 4 hour charts and below are pointing down right now... you will not know when it will stop falling.. unless you've got a really good reason, but i don't see 1.5800 as any significant support... but you may have your point...
Attached Image (click to enlarge)
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  • #14,966
  • Jul 16, 2008 8:17pm Jul 16, 2008 8:17pm
Short @ 1.5815, initial SL 1.5845, adjusted above swing high at 11:45 est to 1.5855

Price is currently 1.5837

Anyone using fibs or any indicators where it will resume downtrend.
Thanks

edit: i didn't see any significant support around 1.5700 either which is why i took the short.
  • #14,967
  • Jul 16, 2008 8:27pm Jul 16, 2008 8:27pm
Quoting scott087
Short @ 1.5815, initial SL 1.5845, adjusted above swing high at 11:45 est to 1.5855

Price is currently 1.5837

Anyone using fibs or any indicators where it will resume downtrend.
Thanks

edit: i didn't see any significant support around 1.5700 either which is why i took the short.
Look at the daily candle.

Definitely it will hit ur SL
  • #14,968
  • Jul 16, 2008 8:29pm Jul 16, 2008 8:29pm
might reach up to 1.5860 - 1.5870 before it goes down. If it passes that further then we resume the uptrend.
  • #14,969
  • Jul 16, 2008 8:49pm Jul 16, 2008 8:49pm
I love how so many pair respects the figures and fifty cent pieces
  • #14,970
  • Jul 16, 2008 9:00pm Jul 16, 2008 9:00pm
Hmmmmmmm
Ganbatte
  • #14,971
  • Jul 16, 2008 9:07pm Jul 16, 2008 9:07pm
Fed Worried About Inflation, But Uncertainty Lingers About Next Move
Ganbatte
  • #14,972
  • Edited 10:11pm Jul 16, 2008 9:34pm | Edited 10:11pm
Euro will reach daily pivot near 1.5860. A much better selling price would be near falling channel resistance (blue line). Next significant support (red line) is rising channel support found near 1.5750. You will also notice a falling wedge on the hourly chart which indicates a possible resumption of the uptrend once the correction is over.

http://img150.imageshack.us/img150/6...sd1huz0.th.jpg



P.S. pls excuse the image quality
  • #14,973
  • Jul 16, 2008 11:37pm Jul 16, 2008 11:37pm
Stopped out @ 1.5755... -40
  • #14,974
  • Jul 16, 2008 11:38pm Jul 16, 2008 11:38pm
I think we could be in the lowest level of the week. Now, at 1.5849 is a good long entry point with stop loss in 1.5800.
  • #14,975
  • Jul 17, 2008 12:06am Jul 17, 2008 12:06am
Hmmm Im short @ 1.5854 - SL @ about 1.5870 & targeting 1.5790ish
  • #14,976
  • Jul 17, 2008 12:29am Jul 17, 2008 12:29am
I am going to say 1.576. That is the 38.2 retrace of the entire movement and there is also very large trendline. If we break that most likely the euro will continue downward.
  • #14,977
  • Jul 17, 2008 12:31am Jul 17, 2008 12:31am
Quoting Dest_unknown
Hmmm Im short @ 1.5854 - SL @ about 1.5870 & targeting 1.5790ish
Thats a beautiful flower u got there for your avatar...
  • #14,978
  • Jul 17, 2008 12:38am Jul 17, 2008 12:38am
Very tasty, thats for sure......

my lower TL is around 1.5774 - 1.5784 so just going to go for 5790 to be on the safe side. If I dont get stopped out here but i wont let that happen until price breaks the upper TL
  • #14,979
  • Jul 17, 2008 12:42am Jul 17, 2008 12:42am
Quote
Hmmm Im short @ 1.5854 - SL @ about 1.5870 & targeting 1.5790ish

waiting to short it too but did not get my signal yet
  • #14,980
  • Jul 17, 2008 1:08am Jul 17, 2008 1:08am
Quoting Dest_unknown
Hmmm Im short @ 1.5854 - SL @ about 1.5870 & targeting 1.5790ish
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