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  • #1,341
  • Jul 21, 2008 7:06pm Jul 21, 2008 7:06pm
In regards to our discussion on EUR, here's what I have in the near future:
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  • #1,342
  • Edited 7:29pm Jul 21, 2008 7:08pm | Edited 7:29pm
Quoting BillyRayValentine
In regards to our discussion on EUR, here's what I have in the near future:
sorry billy
  • #1,343
  • Jul 21, 2008 7:18pm Jul 21, 2008 7:18pm
Quoting rogerdoger
so that would be a short at 1.5948?
RogerD please reeeeeeead...........There are a few posts about it already on this page and the previous.
  • #1,344
  • Jul 21, 2008 7:19pm Jul 21, 2008 7:19pm
Quoting BillyRayValentine
RogerD please reeeeeeead, again...........There are a couple posts about it already on this page and the previous.
sorry, I got too excited . I'll try to be more alert next time
  • #1,345
  • Jul 21, 2008 8:18pm Jul 21, 2008 8:18pm
Looks like 212.60 - 212.84 could provide a nice reaction, and as we have an ascending wedge, a break topside could be good for 500+. This could be a runner.
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  • #1,346
  • Jul 21, 2008 8:55pm Jul 21, 2008 8:55pm
Quoting pipeye
Looks like 212.60 - 212.84 could provide a nice reaction, and as we have an ascending wedge, a break topside could be good for 500+. This could be a runner.
Problem I see with this is 214.00 resistance area which has held since JAN 2008.
Just my 2 cents.
  • #1,347
  • Jul 21, 2008 9:12pm Jul 21, 2008 9:12pm
Quoting Rustyyy
Problem I see with this is 214.00 resistance area which has held since JAN 2008.
Just my 2 cents.
Agreed. All the more power behind the move, if it breaks topside. Also, from a technical perspective, it could have room to run-up to the 221 area, where the 50% fib (07/15/07 high - 03/16/08 low) and neckline from the major Head and Shoulders pattern reside. Not to mention, the bottom of a major Wave 1 down.
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  • #1,348
  • Jul 21, 2008 9:14pm Jul 21, 2008 9:14pm
Hi,

I have an order to go long at 0.9725 on this one on the 4hr. if it doesn't hold we have some more heavy support just below @ 9700 area.
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  • #1,349
  • Jul 21, 2008 10:32pm Jul 21, 2008 10:32pm
Come on already...an hourly close under 169.40 and we should be off to the races!


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  • #1,350
  • Jul 21, 2008 10:34pm Jul 21, 2008 10:34pm
I still prop myself with the three crutches under the chart you see.

Slowly though I am being healed of my addiction by Billyrayvalentine!
  • #1,351
  • Jul 21, 2008 11:03pm Jul 21, 2008 11:03pm
Quoting pipeye
Agreed. All the more power behind the move, if it breaks topside. Also, from a technical perspective, it could have room to run-up to the 221 area, where the 50% fib (07/15/07 high - 03/16/08 low) and neckline from the major Head and Shoulders pattern reside. Not to mention, the bottom of a major Wave 1 down.
I'm following this pair closely as well. For the purposes of our "no brainer" theme. The beast is a buy no questions asked buy if it ever breaks the infamous 214 level. I'm not sure equities will allow it though.
"Timing Is Everything. Really I Swear It Is"
  • #1,352
  • Jul 21, 2008 11:07pm Jul 21, 2008 11:07pm
Quoting TexasforEX
Although I'd prefer another 100+ pips down I like todays price action. Initial retracement after yesterdays plunge was up to the daily 38.2%. It basically stayed flat until a spike up to the 50%, which was also a brief consolidation period yesterday (resistance turning into support and an exact 100% extension on ST charts). I added between 7630/40 and will hold until at least RBNZ meeting.

Have a great weekend to all.
To hold my kiwi short is still a no brainer. This pair has stayed low and slow while watching the aussie, pound and euro gain vs the USD. PA is showing a tight consolidating downward sloping channel on the lower TF's. This baby is primed to go lower, maybe before the RBNZ maybe after.

I think I better sell some more RIGHT NOW. LOL
"Timing Is Everything. Really I Swear It Is"
  • #1,353
  • Jul 21, 2008 11:13pm Jul 21, 2008 11:13pm
Quoting TexasforEX
I'm following this pair closely as well. For the purposes of our "no brainer" theme. The beast is a buy no questions asked buy if it ever breaks the infamous 214 level. I'm not sure equities will allow it though.
If they would only be so kind!
  • #1,354
  • Jul 22, 2008 12:09am Jul 22, 2008 12:09am
Quoting Siam
Hi,

I have an order to go long at 0.9725 on this one on the 4hr. if it doesn't hold we have some more heavy support just below @ 9700 area.
Nice call, was looking at that one as well
  • #1,355
  • Jul 22, 2008 1:05am Jul 22, 2008 1:05am
someone already posted this, but does this qualify as a no-brainer?

the s/r level coincides with a daily fib level
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  • #1,356
  • Jul 22, 2008 3:12am Jul 22, 2008 3:12am
Selling short @ 15930 - 15937
  • #1,357
  • Jul 22, 2008 4:34am Jul 22, 2008 4:34am
Scalp trade that I will enter if level is triggered
AUDUSD Short @0.9790 15 pips TP


2nd Scalp candidate:
EURCHF Long @1.6172
  • #1,358
  • Edited 7:34am Jul 22, 2008 4:36am | Edited 7:34am
Here is a gbp short that's looking good. Sell area 2.0056 to 2.0072. BRV you can track my trade calls if you like.
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  • #1,359
  • Jul 22, 2008 4:39am Jul 22, 2008 4:39am
Could we maybe have a separate thread for people who'd like to say thanks to Billy Ray and the other fine ladies and gentlemen who've been giving valuable input in here?

It's been the most remarkable education so far - but I'm sure it would carry on providing that education far better if people like me didn't keep interrupting it to say thanks...;-)
  • #1,360
  • Jul 22, 2008 4:43am Jul 22, 2008 4:43am
looks like the market is preparing to launch into a break out,i am short eur/usd hope i catch the ride when it starts, still watching closely 214 on gbp/jpy and 170 eur/jpy, happi pips to all.iron man where in the world are you,pls can you say sometn,missing your post.why the silence
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