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EURUSD

  • #46,281
  • Nov 19, 2008 3:18pm Nov 19, 2008 3:18pm
Was Alg right?
  • #46,282
  • Edited 3:39pm Nov 19, 2008 3:29pm | Edited 3:39pm
Edited: sorry - wrong post - hadn't seen Alg's last update...
  • #46,283
  • Nov 19, 2008 3:29pm Nov 19, 2008 3:29pm
Quoting TradeWell
Was Alg right?
If you're talking about his earlier post, so far, he's hanging in there, but in danger. He advised buy "near" 2523. We still qualify, but 30-minute candles are setting up like bear flag. On the other hand, we could get a morningstar doji and RUSH north.
Up or down, gimme a ticket
  • #46,284
  • Nov 19, 2008 3:31pm Nov 19, 2008 3:31pm
Quoting SpecialEd
If you're talking about his earlier post, so far, he's hanging in there, but in danger. He advised buy "near" 2523. We still qualify, but 30-minute candles are setting up like bear flag. On the other hand, we could get a morningstar doji and RUSH north.
Yep could go either way...
  • #46,285
  • Nov 19, 2008 3:33pm Nov 19, 2008 3:33pm
Quoting Driver55
Guys,
as said yesterday .. 2555 is the key to many things.
I am slightly long at 2555
Hey Driver55 - hope this long didn't sting too bad.
  • #46,286
  • Nov 19, 2008 3:37pm Nov 19, 2008 3:37pm
Quoting dwildes
Hey Driver55 - hope this long didn't sting too bad.
Driver may still look like a hero with that trade.
Up or down, gimme a ticket
  • #46,287
  • Nov 19, 2008 3:45pm Nov 19, 2008 3:45pm
Quoting SpecialEd
Driver may still look like a hero with that trade.
Anything's possible I suppose.
I guess I'm the villain then with my short at 1.2606?
Just closed for around 100 more pips.
  • #46,288
  • Nov 19, 2008 3:45pm Nov 19, 2008 3:45pm
Psiholog, what do you think?
Up or down, gimme a ticket
  • #46,289
  • Nov 19, 2008 3:46pm Nov 19, 2008 3:46pm
Quoting dwildes
Anything's possible I suppose.
I guess I'm the villain then with my short at 1.2606?
Just closed for around 100 more pips.
Nothing villainous about that. I'm guessing you closed it for a reason.
Up or down, gimme a ticket
  • #46,290
  • Nov 19, 2008 3:49pm Nov 19, 2008 3:49pm
I'm long EU @ 2502 SL 2460 as well as AUDUSD @ 6364 SL 6325. Both are extreme support levels which I don't think will break. Fingers are crossed because technical wise it definately can go both ways. Gotta go with gut instincts though.
  • #46,291
  • Nov 19, 2008 3:49pm Nov 19, 2008 3:49pm
Quoting SpecialEd
Nothing villainous about that. I'm guessing you closed it for a reason.
Well - I guess it's a bad habit. I just hate giving back profit, and we are at the 1.2500 point with all the major markets closed. It could sit around this area for hours.

When I'm uncertain, I take my profit - 100pips isn't chump change to me.
  • #46,292
  • Nov 19, 2008 3:59pm Nov 19, 2008 3:59pm
Quoting dwildes
Well - I guess it's a bad habit. I just hate giving back profit, and we are at the 1.2500 point with all the major markets closed. It could sit around this area for hours.

When I'm uncertain, I take my profit - 100pips isn't chump change to me.
I was just kidding you. On a serious note, I think price has been waiting for 1700est, and will start north then. 1 minute to prove me right or wrong.

Edit@1704est: Still dropping.
Up or down, gimme a ticket
  • #46,293
  • Nov 19, 2008 4:04pm Nov 19, 2008 4:04pm
All markets are down....just made me wonder. I went short the EUR at 1.2510. The dow is now below 8000. Last week it caused a spike, a stock buying frenzy if you will this week I think it will continue downward since nobody is secure holding stocks and pending what the US will do concerning the BIG 3 and maybe nothing until the new congress is seated in January
  • #46,294
  • Nov 19, 2008 4:04pm Nov 19, 2008 4:04pm
Quoting SpecialEd
I was just kidding you. On a serious note, I think price has been waiting for 1700est, and will start north then. 1 minute to prove me right or wrong.
Oh yeah - I figured, sorry I guess my reply sounded defensive?
Wish I did hold on to it looking at it fall another 30 pips. But the nice thing is - I can go about my day now. Plan for my attack tomorrow.

Happy trading to ya!
  • #46,295
  • Nov 19, 2008 4:08pm Nov 19, 2008 4:08pm
Just curious - why are you guys going long without any kind of confirmation? It needs to go up, come back to support and start to go up again - trading 101. It hasn't done that yet, are you just guessing?
  • #46,296
  • Nov 19, 2008 4:10pm Nov 19, 2008 4:10pm
Quoting dwildes
Oh yeah - I figured, sorry I guess my reply sounded defensive?
Wish I did hold on to it looking at it fall another 30 pips. But the nice thing is - I can go about my day now. Plan for my attack tomorrow.

Happy trading to ya!
No worries. Yeah, those extra pips would be nice, but you did great hanging onto the trade until +100. I usually get out far earlier, or maybe do incremental close/opens. Nice trade there.

I'm still working my situation... Have a good evening.
Up or down, gimme a ticket
  • #46,297
  • Nov 19, 2008 4:12pm Nov 19, 2008 4:12pm
Quoting SpecialEd
No worries. Yeah, those extra pips would be nice, but you did great hanging onto the trade until +100. I usually get out far earlier, or maybe do incremental close/opens. Nice trade there.

I'm still working my situation... Have a good evening.
Thanks!
hahaha - yeah, I usually start to get itchy around 50 pips of profit. Typcially there is one more push down before retracement up, and that's when I cash out. Just today was relentless on the downward push, no retracement at all, so it made re-entry a lot tougher than normal.
  • #46,298
  • Nov 19, 2008 4:13pm Nov 19, 2008 4:13pm
Quoting dwildes
Just curious - why are you guys going long without any kind of confirmation? It needs to go up, come back to support and start to go up again - trading 101. It hasn't done that yet, are you just guessing?
I really thought 2500 would be the bottom for the day. Still not too far wrong about that, just off by 28 pips presently.
Up or down, gimme a ticket
  • #46,299
  • Nov 19, 2008 4:17pm Nov 19, 2008 4:17pm
Quoting SpecialEd
I really thought 2500 would be the bottom for the day. Still not too far wrong about that, just off by 28 pips presently.
Maybe I'm a little more conservative, but to go against the bear I'd have to see a good retracement, come back to around a strong support, like the weekly around the 1.2610. It couldn't breach it, much less hold a close over it, but continued to make lower lows.

Hopefully this thing will rocket back up 150 pips so I can get back in a short.
  • #46,300
  • Nov 19, 2008 4:20pm Nov 19, 2008 4:20pm
Quoting dwildes
Maybe I'm a little more conservative, but to go against the bear I'd have to see a good retracement, come back to around a strong support, like the weekly around the 1.2610. It couldn't breach it, much less hold a close over it, but continued to make lower lows.

Hopefully this thing will rocket back up 150 pips so I can get back in a short.
Gotta run. Have a good one.
Up or down, gimme a ticket
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