after two spinning top and appearance a shooting star in EJ ,we must will see a free fall for EJ
- #683
- Jul 23, 2008 6:51pm Jul 23, 2008 6:51pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
.....
Hey bro, way too soon for that!! I just remember a bunch of us on the gy thread wonderin for weeks why it just wouldn't go down when it was sooooo obvious it couldn't keep goin up... Anyway, current thoughts now that it's many hours into this trade and I keep smackin my screen to see if it's stuck... For a pair at such high levels for so long now, and holding such good support, I'm just not seeing any tendency to collapse. This is as much a strategy experiment as anything else. Haven't bet the farm on it.
One concern is that there has to be a lot of stops right below the figure there and it'd be so easy to take them out before the move up again, so I have a buy limit waiting in that case. Hope it works better than my sell limit that was set for 9.96...
I'm just thinking this is a typical asian session and I should go get ice cream or something.
FUBAR...
Anyway, current thoughts now that it's many hours into this trade and I keep smackin my screen to see if it's stuck... For a pair at such high levels for so long now, and holding such good support, I'm just not seeing any tendency to collapse. This is as much a strategy experiment as anything else. Haven't bet the farm on it.
One concern is that there has to be a lot of stops right below the figure there and it'd be so easy to take them out before the move up again, so I have a buy limit waiting in that case. Hope it works better than my sell limit that was set for 9.96...
I'm just thinking this is a typical asian session and I should go get ice cream or something.
i'm short so hopefully you are wrong
- #685
- Jul 23, 2008 7:04pm Jul 23, 2008 7:04pm
after two spinning top and appearance a shooting star in EJ ,we must will see a free fall for EJ
Also, those who trade this pair should look at the last candlestick and the current candlestick on the weekly chart. Just my two cents.
- #686
- Jul 23, 2008 7:12pm Jul 23, 2008 7:12pm
Anyway, current thoughts now that it's many hours into this trade and I keep smackin my screen to see if it's stuck... For a pair at such high levels for so long now, and holding such good support, I'm just not seeing any tendency to collapse. This is as much a strategy experiment as anything else. Haven't bet the farm on it.
One concern is that there has to be a lot of stops right below the figure there and it'd be so easy to take them out before the move up again, so I have a buy limit waiting in that case. Hope it works better than my sell limit that was set for 9.96...
I'm just thinking this is a typical asian session and I should go get ice cream or something.
Go figure.. Simplicity work
- #687
- Jul 23, 2008 7:20pm Jul 23, 2008 7:20pm
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
after two spinning top and appearance a shooting star in EJ ,we must will see a free fall for EJ
Thx anyway bro,, http://www.forexfactory.com/images/icons/icon14.gif I,m still holding my short as it well closed below daily pivot but with tight SL. Hopefully you are right then I can make some pips on the retracement.
We just need a clean break of 169.000 and hang on it will fall ...
- #690
- Jul 23, 2008 7:29pm Jul 23, 2008 7:29pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
My short doesnt look promising...
No worries, my stops are tight, and just below those are my sell stops... R/R is very good at these levels. Risk a few for the upside,and if I'm wrong then the downside shorts more than make up for the losses. And I get to test a fib strategy to boot. What's not to like??
When you factor in the fundamentals and other surprising price movements on other pairs, this is really a fascinating setup imo. Another wildcard is the raft of UK news tonite.
FUBAR...
- #691
- Jul 23, 2008 7:42pm Jul 23, 2008 7:42pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
We just need a clean break of 169.000 and hang on it will fall ...
FUBAR...
Well, another few pips down, and my long won't look so good either.
No worries, my stops are tight, and just below those are my sell stops... R/R is very good at these levels. Risk a few for the upside,and if I'm wrong then the downside shorts more than make up for the losses. And I get to test a fib strategy to boot. What's not to like??
When you factor in the fundamentals and other surprising price movements on other pairs, this is really a fascinating setup imo. Another wildcard is the raft of UK news tonite.
Guys,
It might be somewhat of a wise idea to discard the technicals for just a brief moment and look at all the EUR data to come at 4am EST. This is interesting because I am almost certain that the
German Ifo Business Climate Index forecase of 100.2 is somewhat aggresive given the data we have thus far for Germ. Been researchin :-)
Normally I never trade the news but this might be a good setup.
I do expect the Euro to Tank tonight with the data, along with it will come a great short of the E/J however tight stops may not be wise cause prior to the release of this significant ammount of data their are often traps before it plummets. I'm stick with a little bit of a loose SL to avoid this ..
Anyone have thoughts based on the upcoming fundamentals.
- #693
- Jul 23, 2008 7:54pm Jul 23, 2008 7:54pm
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
Thanks for the heads-up based on your research Powerbuyer!
! I'm not good on FA 
but I'm digesting carefully now.. 