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  • #15,501
  • Jul 22, 2008 3:43am Jul 22, 2008 3:43am
Shadowfx, very good thoughts, I'm with you on this one, maybe that is why the exact opposite will happen I was wooting for eurusd fall since the recent head and shoulders formation but it just doesn't want to start to drop. It doesn't want to go up either....
  • #15,502
  • Edited 4:05am Jul 22, 2008 3:48am | Edited 4:05am
Quoting MarkGavalda
I sold eur/usd at the top of current channel / wedge, 1.5935. One has to scalp this idiot sideways market to stay alive. I hope we'll see some action today because I'm getting tired of this ugly environment.
Cheers mate. Can you post your chart? Coz i see your working with TA as well
  • #15,503
  • Jul 22, 2008 4:06am Jul 22, 2008 4:06am
Hey guys,

You have to remember, it's prime vacation time from now thru mid August. The big boys are probably taking vacation for the next 4 weeks. I consider a 20 pip channel a Godsend. Mine is drawn now after adjustment at 1.5913 - 1.5934 and with a 2 pip spread you can really make some dough. Try Martingale some time, EXA: first trip go 1/2 lot then bump it up as you go. Notice my alerts I put on the Horizontal lines.

Jim



Quoting robertsonakp
infact i am so bored, fraustrated and annoyed with this ugly ranging of eurusd. cant it just go away from this stupid ranging area of 1.5800-1.6000 ? where are the carry traders ? let them push the hell out of this pair down ? its disgusting me!
Attached Image (click to enlarge)
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  • #15,504
  • Jul 22, 2008 4:09am Jul 22, 2008 4:09am
I've exited my eur/usd short quick scalp with +12pips. Let's see if it worth it to reverse... Until no breakout I will use scalping with light positions. If it does break out, I'll rethink
  • #15,505
  • Jul 22, 2008 4:15am Jul 22, 2008 4:15am
Quoting belekas
Cheers mate. Can you post your chart? Coz i see your working with TA as well
Hey,
Here it is!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-22-07-08--0913.jpg Size: 118 KB
  • #15,506
  • Jul 22, 2008 4:22am Jul 22, 2008 4:22am
here come the bears
  • #15,507
  • Jul 22, 2008 4:26am Jul 22, 2008 4:26am
Oil is on the LTL of the 1hr ascending triangle. If it breaks it will pull EU along...
  • #15,508
  • Jul 22, 2008 4:27am Jul 22, 2008 4:27am
why they drop it ?

any budy have any info?
  • #15,509
  • Jul 22, 2008 4:30am Jul 22, 2008 4:30am
uncle forex,should buying the EURUSD at 1.5975 and setting stop loss at 1.6030 which was the all time high and take profit at 1.5790 risking 55pips to gain 185pips.pls is it a good idea?
  • #15,510
  • Jul 22, 2008 4:43am Jul 22, 2008 4:43am
Quoting finian204rea
uncle forex,should buying the EURUSD at 1.5975 and setting stop loss at 1.6030 which was the all time high and take profit at 1.5790 risking 55pips to gain 185pips.pls is it a good idea?
I have u/j shorts since like yesterday.

G/u longs.

usd/chf shorts since yesterday. E/U mostly I closed already . But can't resist to open a new long just now @ 1.59225 for 30pips up.

I have g/j short which is in negative. Waiting for big u/j down to pull g/j down too.

That's all. If it goes my way later...then I will go for holidays already.
  • #15,511
  • Jul 22, 2008 4:51am Jul 22, 2008 4:51am
Quoting uncleforex
I have u/j shorts since like yesterday.

G/u longs.

usd/chf shorts since yesterday. E/U mostly I closed already . But can't resist to open a new long just now @ 1.59225 for 30pips up.

I have g/j short which is in negative. Waiting for big u/j down to pull g/j down too.

That's all. If it goes my way later...then I will go for holidays already.
patience for gj, meanwhile check out cad/jpy,,,, cad/usd going up, usd/jpy going down,,
  • #15,512
  • Jul 22, 2008 4:51am Jul 22, 2008 4:51am
so what is your suggestion? should i take the position or possibly make corrections?what do you think i should do pls?
  • #15,513
  • Jul 22, 2008 4:53am Jul 22, 2008 4:53am
Quoting uncleforex
I have u/j shorts since like yesterday.

G/u longs.

usd/chf shorts since yesterday. E/U mostly I closed already . But can't resist to open a new long just now @ 1.59225 for 30pips up.

I have g/j short which is in negative. Waiting for big u/j down to pull g/j down too.

That's all. If it goes my way later...then I will go for holidays already.
Oil might drop from the ascending 1hr triangle...then you can say bye bye to UJ shorts...
  • #15,514
  • Jul 22, 2008 4:59am Jul 22, 2008 4:59am
But that bearish flag on 1hr UJ chart looks like it might break so shorts would be in favour. Sorry for posting in EU thread.
  • #15,515
  • Jul 22, 2008 5:00am Jul 22, 2008 5:00am
Quoting finian204rea
so what is your suggestion? should i take the position or possibly make corrections?what do you think i should do pls?

Hey Finian, in the nicest possible way if you havent got an exit strategy for when you enter you should not be taking that position.

Baring that in mind its probably worth exiting now. I am of the opinion there will be a minor retrace down to around 15880 ish before continuing on the uptred but i wouldnt hold out for a lower price if you want to save your bacon.
  • #15,516
  • Jul 22, 2008 5:03am Jul 22, 2008 5:03am
Quoting finian204rea
so what is your suggestion? should i take the position or possibly make corrections?what do you think i should do pls?
With all respect to Uncle Forex...You cant expect him or anyone to make statements nor answer questions like this in a public forum...

Learn to trade FX via reading, asking the right questions, try out what you learned via demo accounts before entering the real trade world and get burned...

Share opinions is good...but always make your own decisions..do NOT rely on others

Just my 2 cents...
  • #15,517
  • Jul 22, 2008 5:08am Jul 22, 2008 5:08am
Quoting hard1head1
Hey guys,
You have to remember, it's prime vacation time from now thru mid August. The big boys are probably taking vacation for the next 4 weeks.
Jim
yeah, well, I dunno. last year there were some crazy rallies during long holiday weekend....
  • #15,518
  • Jul 22, 2008 5:11am Jul 22, 2008 5:11am
i would do just that.i would get out at that area.
  • #15,519
  • Jul 22, 2008 5:14am Jul 22, 2008 5:14am
said it yesterday and i will say it today, NO Trade to flat to risk my money

  • #15,520
  • Jul 22, 2008 5:33am Jul 22, 2008 5:33am
got to wait for our New York friends to help us get out of this sideways movement
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