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  • #18,141
  • Aug 7, 2008 8:37am Aug 7, 2008 8:37am
Quoting Srikanth
wow... u looking exactly on target
hopefully it will get there...
  • #18,142
  • Aug 7, 2008 8:37am Aug 7, 2008 8:37am
"On the bias, I stick to what I have said. I have no bias." -Trichet
  • #18,143
  • Aug 7, 2008 8:40am Aug 7, 2008 8:40am
Quoting Shadowfx
Took partial profit at 1.539, lets see how DJI reacts and if Oil stays stable...possible retrace here, caution....
Feel a bounce coming.
  • #18,144
  • Aug 7, 2008 8:42am Aug 7, 2008 8:42am
Interesting......DJI drops 200 points...hardly any response on weakening dollar strength...seems anticipated...and a possible confirmation of a further downtrend...not sure about this one...market seems to wait for Housing data...

Just my 2 Cents...
  • #18,145
  • Aug 7, 2008 8:44am Aug 7, 2008 8:44am
Sell Clear Break 1.5385.
{Promotion Removed}
  • #18,146
  • Aug 7, 2008 8:45am Aug 7, 2008 8:45am
Quoting Shadowfx
Interesting......DJI drops 200 points...hardly any response on weakening dollar strength...seems anticipated...and a possible confirmation of a further downtrend...not sure about this one...market seems to wait for Housing data...

Just my 2 Cents...
I agree... something fishy seems to be going on... with unemployment claims up and DJI down... you would think the pair would respond... one way or another... more likely up... I think people are waiting for the Home Sales numbers also...

I'm still short to 5365 however...
  • #18,147
  • Aug 7, 2008 8:45am Aug 7, 2008 8:45am
Would you people relax with the bearish shouting, please, for your own sake..
This downtrend is running out of room as it meets low 53s. To try and trade any target below that is irresponsible to your account, to say the least. This huge daily double top will not give up so easily, at the least it will take some time and ranging down here and there's not much gurantee of either outcome at the moment. Of course, that's just my opinion, if you feel lucky.. then it's your call.
On the path to Enrichment.
  • #18,148
  • Aug 7, 2008 8:46am Aug 7, 2008 8:46am
Quoting Algirdas
Sell Clear Break 1.5385.
There are lots of stops waiting at that level.
  • #18,149
  • Aug 7, 2008 8:49am Aug 7, 2008 8:49am
Quoting Jurrasic
Would you people relax with the bearish shouting, please, for your own sake..
This downtrend is running out of room as it meets low 53s. To try and trade any target below that is irresponsible to your account, to say the least. This huge daily double top will not give up so easily, at the least it will take some time and ranging down here and there's not much gurantee of either outcome at the moment. Of course, that's just my opinion, if you feel lucky.. then it's your call.
Yep, I think 5350 will be the lowest for today, but also agree that a big bounce depends on housing data.
Up or down, gimme a ticket
  • #18,150
  • Aug 7, 2008 8:51am Aug 7, 2008 8:51am
Quoting SpecialEd
Yep, I think 5350 will be the lowest for today, but also agree that a big bounce depends on housing data.
I agree...
  • #18,151
  • Aug 7, 2008 8:52am Aug 7, 2008 8:52am
Quoting Jurrasic
Would you people relax with the bearish shouting, please, for your own sake..
This downtrend is running out of room as it meets low 53s. To try and trade any target below that is irresponsible to your account, to say the least. This huge daily double top will not give up so easily, at the least it will take some time and ranging down here and there's not much gurantee of either outcome at the moment. Of course, that's just my opinion, if you feel lucky.. then it's your call.
I'm with you 100% Jurrasic

good piping
Bogdus
  • #18,152
  • Aug 7, 2008 8:53am Aug 7, 2008 8:53am
Quoting SpecialEd
Yep, I think 5350 will be the lowest for today, but also agree that a big bounce depends on housing data.
It really depends on the buyers.
  • #18,153
  • Aug 7, 2008 8:53am Aug 7, 2008 8:53am
Quoting SpecialEd
Yep, I think 5350 will be the lowest for today, but also agree that a big bounce depends on housing data.
I put a short limmit order at 448, in case we bounce up on the news much.
On the path to Enrichment.
  • #18,154
  • Aug 7, 2008 8:54am Aug 7, 2008 8:54am
somehow.. I feel like this bear move is like a trap.. still hold my shorts.. Im gonna watch the news, set my SL and TP and just gonna watch.. -_-
Money often costs too much...
  • #18,155
  • Aug 7, 2008 8:57am Aug 7, 2008 8:57am
Quoting indotrader
somehow.. I feel like this bear move is like a trap.. still hold my shorts.. Im gonna watch the news, set my SL and TP and just gonna watch.. -_-
1.6 to 1.54 -1.53....over 600 pips...that's a large trap..but then again you need a large trap to catch a bear...
  • #18,156
  • Aug 7, 2008 9:01am Aug 7, 2008 9:01am
Quoting indotrader
somehow.. I feel like this bear move is like a trap.. still hold my shorts.. Im gonna watch the news, set my SL and TP and just gonna watch.. -_-
I would since around 1.5387 or 1.5352 is a possible strong bounce area on the daily chart fib...
  • #18,157
  • Aug 7, 2008 9:01am Aug 7, 2008 9:01am
Quoting Shadowfx
1.6 to 1.54 -1.53....over 600 pips...that's a large trap..but then again you need a large trap to catch a bear...
wow.. Im amazed.. that number.. 5.3%
Money often costs too much...
  • #18,158
  • Aug 7, 2008 9:02am Aug 7, 2008 9:02am
Common baby ! 305 and long !
On the path to Enrichment.
  • #18,159
  • Aug 7, 2008 9:05am Aug 7, 2008 9:05am
Today 9:46am
mikkom http://www.forexfactory.com/images/s...ser_online.gif
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Member Since Mar 2008
Posts: 28


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Quote:
Originally Posted by Algirdas http://www.forexfactory.com/images/buttons/viewpost.gif
Sell Clear Break 1.5385.

There are lots of stops waiting at that level.
{Promotion Removed}
  • #18,160
  • Aug 7, 2008 9:05am Aug 7, 2008 9:05am
US Housing number positive...Big Question now is..."How low can we go"...entering a tricky area now....
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