EURUSD

anyone watchin gold 850 dollars from 935 woah 85 dollar drop from da high!!!

Hold 1/4 position as much as you can

11 OCT 08 1744 GMT

History
Shorted 1.48 22 SEP 08
Added short at top of the week's range. 09 OCT 08


Pretty much a consolidation week.

Bouncing between 2 of my fibo lines. Expected due to extreme uncertainty.
1.3443 - 1.3784

Pair is currently breaking below 1.3400. Closure of market below this price is a plus sign for bear.

The boat remains bearish based on fundamentals and sentiments. We are beginning to see EURO/GB zone problems escalating. However caution is being considered due to G7 mtg over the weekend. Point to note,

1)Weekend gaps do happen
2)Never count on it to always close gap.

it will carry its positions to the fourth week over the weekend.

Take note that proper MM calculations have been done to determine that risk is almost nil for account wipe out.

( Personal views, do not follow. I blew up my account 3 times prior )

Good trading to all!

Done and busted.

Twilight zone at Red question mark in play.

If you've been around this thread for a few months this post may look familiar.

Same pattern - different numbers.

It's self explanatory by now.

I was in at .20 and out at .00. (Actually... right before)

Mike

T.S how's them AU shorts lookin?

.3320 is 61.8 of last big down move.

It's also near S3.

Confluence.

m

AU shorts = great.

guess it was a bear flag after all on the 30M

http://www.forexfactory.com/showpost...ostcount=37308

so let's start the poll:

who's gonna keep some positions open for the w.e.?

nice move...

Me

going to keep a small one. 5 minis only.

Only 2 minis for me. Too much of a gamble on any weekend, esp. this one.

what's your TP?

I have .6325

Or really stupid... keep them open... if not... may I suggest the cash option.

m

I took profit at 6350. I am waiting for a small retrace.

It is not necessary. As has been said a gazillion times in this thread, the market will be there next week.

No open positions no worries.

Not me for shure... I can't tell how this is going to end for the weekend or how the G8 (G7 whatever) is going to do to stop the carnage.

Actually this is the smartest thing to do. I'm all cash.