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  • #16,641
  • Jul 29, 2008 9:11am Jul 29, 2008 9:11am
WOW!!!

I dont think it will be retrace at moment..
  • #16,642
  • Jul 29, 2008 9:12am Jul 29, 2008 9:12am
My 1.5635 tp all cashed all having big lots & now new short sets with tp 50 pips or target 1.5508
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,643
  • Jul 29, 2008 9:13am Jul 29, 2008 9:13am
As it looks now the retrace when it will happen will not exceed 1,5660 and after that we will see it again below 1,56
  • #16,644
  • Jul 29, 2008 9:14am Jul 29, 2008 9:14am
Quoting CTGUY
Once again...very much appreciated my friend
Your welcome...

Out at 1.5630...strong resistance level now at 1.560..(LTL Daily & Lowest Support) waiting for the dust to settle..

As always...Just my 2 cents...
  • #16,645
  • Jul 29, 2008 9:15am Jul 29, 2008 9:15am
hurry everyone go short now. Please
  • #16,646
  • Jul 29, 2008 9:16am Jul 29, 2008 9:16am
Quoting fontu
My 1.5635 tp all cashed all having big lots & now new short sets with tp 50 pips or target 1.5508
fontu
do u think i should sell now?
  • #16,647
  • Jul 29, 2008 9:18am Jul 29, 2008 9:18am
That paid for lunch
Redefining Reality
  • #16,648
  • Jul 29, 2008 9:18am Jul 29, 2008 9:18am
is this the perfect time to long ?
  • #16,649
  • Jul 29, 2008 9:19am Jul 29, 2008 9:19am
Gold is at 915$ now, strong support, 100 MA and has limited downside for past month, perfect time to go long against the dollar, IMHO
  • #16,650
  • Jul 29, 2008 9:20am Jul 29, 2008 9:20am
Quoting finian204rea
do u think i should sell now?
Your call..but my motto is: NEVER chase a trade...1.560 is strong resistance..if breaks..freeway to 1.55...but I wait till possible retrace and further market reaction

Just my 2 cents...
  • #16,651
  • Jul 29, 2008 9:20am Jul 29, 2008 9:20am
Quoting Shadowfx
Your welcome...

Out at 1.5630...strong resistance level now at 1.560..(LTL Daily & Lowest Support) waiting for the dust to settle..

As always...Just my 2 cents...
so what do u think now should we take a long or short position?
  • #16,652
  • Jul 29, 2008 9:21am Jul 29, 2008 9:21am
Personally I am waiting. If it breaks 56, I will short. But not now --possible retrace IMO
  • #16,653
  • Jul 29, 2008 9:21am Jul 29, 2008 9:21am
I`m long , expecting a retracement at least to 1.5650
  • #16,654
  • Jul 29, 2008 9:22am Jul 29, 2008 9:22am
Quoting finian204rea
so what do u think now should we take a long or short position?
Please do NOT follow my advice blind...I'm on sideline now, took profit on my shorts, still some small positions open...

Tip: NOT to enter a trade (patience) is part of trading

Just my 2 cents...
  • #16,655
  • Jul 29, 2008 9:25am Jul 29, 2008 9:25am
I think this is strong resistance.
  • #16,656
  • Jul 29, 2008 9:25am Jul 29, 2008 9:25am
Quoting Shadowfx
Your call..but my motto is: NEVER chase a trade...1.560 is strong resistance..if breaks..freeway to 1.55...but I wait till possible retrace and further market reaction

Just my 2 cents...
hello.....brother finian204rea. this is a million dollar advice.i wish everybody can follow rule of thumb.

by the way, are you a mentor mr.Shadowfx ?

impressed ..

i'm done with trading for today.i got my so call 10 pips..

chao ..
Fools Rushing
  • #16,657
  • Jul 29, 2008 9:27am Jul 29, 2008 9:27am
im no longer long biased. but i will make a better decision following the trend the price has just bounced off (low of 13/6/08 and 17/08/07
  • #16,658
  • Jul 29, 2008 9:30am Jul 29, 2008 9:30am
It seems to be running out of momentum going down. Let it start going up, then im going to ride the bus up if it does..
  • #16,659
  • Jul 29, 2008 9:32am Jul 29, 2008 9:32am
Quoting MTF Test
hello.....brother finian204rea. this is a million dollar advice.i wish everybody can follow rule of thumb.

by the way, are you a mentor mr.Shadowfx ?

impressed ..

i'm done with trading for today.i got my so call 10 pips..

chao ..
Just a professional trader trying to make a few bucks....

Dont have time to mentor...to high an impact on my time and market focus...glad to be of help here at FF..which is a form of mentoring I guess....glad to see you made good profits..
  • #16,660
  • Jul 29, 2008 9:32am Jul 29, 2008 9:32am
My suggestion is - if your insisting for a long trade wait till 1.5620.if it break above , you might be able to catch up few pips till 1.5640/50. if not go short and wait and tp @1.5680/90

peace..all the traders out there..
Fools Rushing
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