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  • #16,721
  • Jul 29, 2008 12:06pm Jul 29, 2008 12:06pm
Remember me telling you guys this was going to happen? Eur is so overvalued, even at 1.55.
  • #16,722
  • Jul 29, 2008 12:06pm Jul 29, 2008 12:06pm
Quoting MTF Test
hey .. guys...watch out for a retracement.probably 1.5650 level. hourly chart's are deeply oversold.13.341

MTF
I am looking at more of the 1.5660-1.5670 levels.........but I agree a retracement is coming.
  • #16,723
  • Jul 29, 2008 12:25pm Jul 29, 2008 12:25pm
I swear this thread must have tons of transplants from the Federal Reverse pushing the strong dollar every time the USD rallies, and use words like retracement, instead of continuation of trend.
  • #16,724
  • Jul 29, 2008 12:27pm Jul 29, 2008 12:27pm
Not yet a retrace, I think a small dip and EJ will be dragged below 168.50 first.
On the path to Enrichment.
  • #16,725
  • Jul 29, 2008 12:34pm Jul 29, 2008 12:34pm
Kicked out for +10.... flat now
  • #16,726
  • Jul 29, 2008 12:37pm Jul 29, 2008 12:37pm
Quoting Jurrasic
Not yet a retrace, I think a small dip and EJ will be dragged below 168.50 first.
some crazy action today...
  • #16,727
  • Jul 29, 2008 12:41pm Jul 29, 2008 12:41pm
Quoting Clouds
some crazy action today...
Excuse my language but this is F'ed up. I'm out closed my shorts and gonna actually get some work done.
  • #16,728
  • Jul 29, 2008 12:42pm Jul 29, 2008 12:42pm
Quoting Clouds
some crazy action today...
Nah.. the action as I see it was partially predictable from the weekend even. The amount of stupidity on my part in terms of trading myself to a sizable loss today despite this predictability is just HUGE. Anyway, I see EU and GU nearing their lows and EJ probably won't drop much more so I longed all 3 a bit. According to the trendlines we should be close to the dip and should climb up from here. At least, I hope.
On the path to Enrichment.
  • #16,729
  • Jul 29, 2008 12:51pm Jul 29, 2008 12:51pm
Quoting Shadowfx
Gonna take a break....dip in the pool...

My expectations still overall bearish..but:

Possible retrace to monthly pivot (1.563), rangebound 1.560 - 1.563

Two important news items tomorrow, Unemployment & Crude OiL

Keeping a short position open with TP @ 1.55..just in case we drop further today, don't see the EUR recovering to soon from this blow...

As always...Just my 2 Cents...
Nothing better then stepping away from the screens, relax.....come back and to be happy I left another short open.......on its way to reach my TP target of 1.55...

Loving my 2 cents...
  • #16,730
  • Jul 29, 2008 12:54pm Jul 29, 2008 12:54pm
Quoting Shadowfx
TP target of 1.55...
Doubt that.. but good luck anyway.
On the path to Enrichment.
  • #16,731
  • Jul 29, 2008 1:01pm Jul 29, 2008 1:01pm
Quoting Jurrasic
Doubt that.. but good luck anyway.
1.55... the dots are important here for TP today......1.55 (6) or (5) or lower...profit on this one is just an extra bonus today.

I agree we might see a retrace, but minor IMO, specially with tomorrows news, a turning market sentiment..have a glance at the weekly RSI...52.7 and slowly dropping...

As Always..Just my 2 cents...
  • #16,732
  • Jul 29, 2008 1:01pm Jul 29, 2008 1:01pm
Quoting Jurrasic
Nah.. the action as I see it was partially predictable from the weekend even. The amount of stupidity on my part in terms of trading myself to a sizable loss today despite this predictability is just HUGE. Anyway, I see EU and GU nearing their lows and EJ probably won't drop much more so I longed all 3 a bit. According to the trendlines we should be close to the dip and should climb up from here. At least, I hope.
What's interesting is AUD seems to have found a bottom at .95 about 1-2 hour ago, while the USD kept gaining against the EUR & other currencies.
I'm short UJ now.
  • #16,733
  • Jul 29, 2008 1:04pm Jul 29, 2008 1:04pm
Quoting Shadowfx
Nothing better then stepping away from the screens, relax.....come back and to be happy I left another short open.......on its way to reach my TP target of 1.55...

Loving my 2 cents...

I'm short from 1.59684 (more than +407 pips now) my TP is at 1.55 too. So to get there ....

BTW 132% of account ballance in 11 days is not bad

m.
  • #16,734
  • Jul 29, 2008 1:07pm Jul 29, 2008 1:07pm
Quoting Shadowfx
1.55... the dots are important here for TP today......1.55 (6) or (5) or lower...profit on this one is just an extra bonus today.

I agree we might see a retrace, but minor IMO, specially with tomorrows news, a turning market sentiment..have a glance at the weekly RSI...52.7 and slowly dropping...

As Always..Just my 2 cents...
I'm looking at the lower trend line on 3h or 4h for you. And a parallel ascending lower trend line on daily - parallel to the upper trendline of the recent bullish pattern on Daily and the Daily 100 ema. All 3 say that 5530-5540 should be the low. Same goes with the lower trend line on 3h-4h GU. And somewhat similar with EJ. We've seen EU recover quickly from more massive falls than this one and there's no been any retrace strangely. Anyway just my 2 cents.
On the path to Enrichment.
  • #16,735
  • Jul 29, 2008 1:08pm Jul 29, 2008 1:08pm
Quoting vancom
I'm short from 1.59684 (more than +407 pips now) my TP is at 1.55 too. So to get there ....

BTW 132% of account ballance in 11 days is not bad

m.
LOL Now THAT's overleveraging Keep it up!
On the path to Enrichment.
  • #16,736
  • Jul 29, 2008 1:11pm Jul 29, 2008 1:11pm
Quoting vancom
I'm short from 1.59684 (more than +407 pips now) my TP is at 1.55 too. So to get there ....

BTW 132% of account ballance in 11 days is not bad

m.
Very nice..keep listening to yourself. Sounds like you aren't subject to irrational exumberance.
  • #16,737
  • Jul 29, 2008 1:16pm Jul 29, 2008 1:16pm
Quoting Seaward22
Very nice..keep listening to yourself. Sounds like you aren't subject to irrational exumberance.
..Seaward, give the guy a break, his first post in here and I guess he's just honestly exited about having made +400 pips...well done for him...
  • #16,738
  • Jul 29, 2008 1:17pm Jul 29, 2008 1:17pm
Time for EUR.USD Longs. SL 50 pips below.
  • #16,739
  • Jul 29, 2008 1:19pm Jul 29, 2008 1:19pm
Quoting vancom
I'm short from 1.59684 (more than +407 pips now) my TP is at 1.55 too. So to get there ....

BTW 132% of account ballance in 11 days is not bad

m.
lol thats is awesome.. congratulation
Money often costs too much...
  • #16,740
  • Jul 29, 2008 1:21pm Jul 29, 2008 1:21pm
Quoting Seaward22
Very nice..keep listening to yourself. Sounds like you aren't subject to irrational exumberance.

If you are sure about your system than it's easy. Step in .... leave market to do it's job (better not to interference with it) ... and at the right time to get off

m.
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