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  • #1,721
  • Jul 29, 2008 4:04am Jul 29, 2008 4:04am
should
buying the EUR/USD at 1.5750 and setting the stop loss at 1.5800 be a good trade?
  • #1,722
  • Jul 29, 2008 4:14am Jul 29, 2008 4:14am
hi seaward and BRV
why not 196.95 to set the short for EJ witch is the highest level ?
thanks
  • #1,723
  • Jul 29, 2008 4:17am Jul 29, 2008 4:17am
Quoting finian204rea
should
buying the EUR/USD at 1.5750 and setting the stop loss at 1.5800 be a good trade?
Sorry, Finian, this doesn't make sense.

Do you mean go short at 1.5750 and Stop Loss at 1.5800 ?

If so, I would say that a short at 1.5782 makes a lot more sense, with a stop above 1.5800, eg 1.5812 maybe.
  • #1,724
  • Jul 29, 2008 8:45am Jul 29, 2008 8:45am
Cable looking for a sweet bounce at 1.9815

+ Lemming
  • #1,725
  • Jul 29, 2008 8:57am Jul 29, 2008 8:57am
short usd/chf @ 1.0400

lol what a bad call
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,726
  • Jul 29, 2008 8:58am Jul 29, 2008 8:58am
Quoting lemmingboiv2
Cable looking for a sweet bounce at 1.9815

+ Lemming
Where to would you say? 1.9889 (fib 50) 1.9906 (fib 62) or maybe 1.9926 (fib 76) ?
  • #1,727
  • Jul 29, 2008 9:03am Jul 29, 2008 9:03am
Quoting djambazov84
short usd/chf @ 1.0400
How about 1.0443 instead?
  • #1,728
  • Jul 29, 2008 9:07am Jul 29, 2008 9:07am
Quoting Grath
How about 1.0443 instead?

reasons ?

I was hoping for the 1.04 bastion to hold...stupid us equities and yields
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #1,729
  • Jul 29, 2008 9:09am Jul 29, 2008 9:09am
Quoting djambazov84
reasons ?

I was hoping for the 1.04 bastion to hold...stupid us equities and yields
It was pretty used and abused as of late.

For the AUD, I'm looking at this 9507-9500 area. Hope it holds, but USD sentiment seems pretty strong ATM
  • #1,730
  • Jul 29, 2008 9:10am Jul 29, 2008 9:10am
Quoting djambazov84
reasons ?
the last resistance 25th June and previous.
  • #1,731
  • Jul 29, 2008 9:15am Jul 29, 2008 9:15am
EUR just made new lows, but touched off TL dating from 02/07 of this year. Shot right up. IDK if it can hold off for long. It's all about oil
  • #1,732
  • Jul 29, 2008 9:23am Jul 29, 2008 9:23am
Quoting finswin56
It was pretty used and abused as of late.

For the AUD, I'm looking at this 9507-9500 area. Hope it holds, but USD sentiment seems pretty strong ATM
did you go long at that area ? next support down is around .9475
  • #1,733
  • Jul 29, 2008 9:24am Jul 29, 2008 9:24am
Quoting finswin56
Long 1.9800-1.9790 Lots of S/R in this tight range plus good fib confluence. Not sure about how my fib is drawn, but I like this range even without it. Only problem is that would be after breaking through a trend line, which it is currently testing. Next area comes in at 1.9750's
Getting really close to this one.
  • #1,734
  • Jul 29, 2008 9:26am Jul 29, 2008 9:26am
Quoting c-note
did you go long at that area ? next support down is around .9475
Yeah, I'm long there. Think I'm okay, unless this is just a resting spot. Not getting much of a bounce, but gold did bounce from the mid $914's. I'm not expecting No Brainer results, but I do think I'll get something here.
  • #1,735
  • Edited 9:28am Jul 29, 2008 9:27am | Edited 9:28am
Quoting Grath
Where to would you say? 1.9889 (fib 50) 1.9906 (fib 62) or maybe 1.9926 (fib 76) ?

Well if this support holds. . . . dear god I hope it does, I didnt think it would fall to the level quite so quickly, but since this drop is being driven by sheer emotion (which usually means a nice rebound once the bulls begin to fight back) I am taking half at 1.9989 and trailing out the rest.

Of course I might get stopped out if the selling continues at this pace! ( I dont think I will though, it is totally oversold at this point)

+Lemming
  • #1,736
  • Jul 29, 2008 9:28am Jul 29, 2008 9:28am
As the shine comes off economy after economy the good ole greenback is gaining strength. The problem is that I see room for the USD to run but in the ST it's stretched thin. Will the market keep pushing the USD out of black gold fever or will it keep it's head . Either way, I see further USD strength (for now). The question is how to play it profitably.

THERE IS NOTHING WORSE THAN HAVING A GOOD HANDLE ON THE MARKET AND LOSING $$$$$$$.
"Timing Is Everything. Really I Swear It Is"
  • #1,737
  • Jul 29, 2008 9:29am Jul 29, 2008 9:29am
Quoting lemmingboiv2
Well if this support holds. . . . dear god I hope it does, I didnt think it would fall to the level quite so quickly, but since this drop is being driven by sheer emotion (which usually means a nice rebound once the bulls begin to fight back) I am taking half at 1.9989 and trailing out the rest.

Of course I might get stopped out if the selling continues at this pace!
How's that? IMO, this move is long over due. The UK keeps talking tough, but their data is consistently weaker at every turn. I'm trying a long at 1.9800, but they could be in for a big drop in the not so distant future.
  • #1,738
  • Jul 29, 2008 9:30am Jul 29, 2008 9:30am
Quoting TexasforEX
As the shine comes off economy after economy the good ole greenback is gaining strength. The problem is that I see room for the USD to run but in the ST it's stretched thin. Will the market keep pushing the USD out of black gold fever or will it keep it's head . Either way, I see further USD strength (for now). The question is how to play it profitably.

THERE IS NOTHING WORSE THAN HAVING A GOOD HANDLE ON THE MARKET AND LOSING $$$$$$$.
Seeing the same thing here. With today's big moves, there should be some pretty decent pull back spots.
  • #1,739
  • Jul 29, 2008 9:36am Jul 29, 2008 9:36am
Quoting finswin56
How's that? IMO, this move is long over due. The UK keeps talking tough, but their data is consistently weaker at every turn. I'm trying a long at 1.9800, but they could be in for a big drop in the not so distant future.

Agreed the UK's false hope baloon is beginning to deflate..... My "emotion" point was on this sell that happened in the last 30 minutes. . . . Overall (in my completely inexpert position) I am looking for a short term bounce before it continues its slope down. . .

+Lemming

(Still waiting for the bulls to come in on this trade)
  • #1,740
  • Jul 29, 2008 9:38am Jul 29, 2008 9:38am
Quoting lemmingboiv2
Agreed the UK's false hope baloon is beginning to deflate..... My "emotion" point was on this sell that happened in the last 30 minutes. . . . Overall (in my completely inexpert position) I am looking for a short term bounce before it continues its slope down. . .
gotcha. I don't know if it's emotion or not. I've started to expect huge swings from Sterling and it's crosses. Just seems to be their way.
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