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  • #6,441
  • Nov 26, 2008 7:03am Nov 26, 2008 7:03am
Quoting libb
Thanks for the reassurance ha. You guys see any other setups today?
12428 on USDCAD is a weekly support that is the next level to be tested. Could this be significant if equities are sold off?
  • #6,442
  • Nov 26, 2008 8:17am Nov 26, 2008 8:17am
Trust your analysis ady reminded us!

So I've just missed the breakout at 12000 for USDCHF and fluffed the entry to the breakout of 12904 in EURUSD because I didn't have an auto order on.

Anyone got any more coming up today?
  • #6,443
  • Nov 26, 2008 8:26am Nov 26, 2008 8:26am
Watching 1.2831/00 on the EURUSD. Seems to be a bit oversold and if it reaches I will definitely be looking for longs.
  • #6,444
  • Nov 26, 2008 8:28am Nov 26, 2008 8:28am
1.2800-1.2815 look like a possibility?
  • #6,445
  • Nov 26, 2008 8:45am Nov 26, 2008 8:45am
Quoting lmturek11
1.2800-1.2815 look like a possibility?
yup, would have taken out a couple of minor support by the time it gets there, mainly that band of congestion from yesterday
I need to put up stop losses.
  • #6,446
  • Nov 26, 2008 8:51am Nov 26, 2008 8:51am
Quoting TrendSetter
I am hoping for that 1.5174 Sure would make my day.
Had this marked since yesterday, hope it's worth the 2 day wait.
I need to put up stop losses.
  • #6,447
  • Nov 26, 2008 9:13am Nov 26, 2008 9:13am
Quoting swap
Had this marked since yesterday, hope it's worth the 2 day wait.
You in my friend???
The wait is over
  • #6,448
  • Nov 26, 2008 9:31am Nov 26, 2008 9:31am
Quoting smittens4212
Watching 1.2831/00 on the EURUSD. Seems to be a bit oversold and if it reaches I will definitely be looking for longs.
I got long at 1.2830. I scalped my 40 pips.. I'd like to have a bigger target but there's just not much I can do at work, so pips are pips...
  • #6,449
  • Nov 26, 2008 9:41am Nov 26, 2008 9:41am
Quoting smittens4212
Watching 1.2831/00 on the EURUSD. Seems to be a bit oversold and if it reaches I will definitely be looking for longs.
I also had that level from a 1h chart - a nice quick 45 pips.

Thanks for confirming that one.
  • #6,450
  • Nov 26, 2008 11:18am Nov 26, 2008 11:18am
Quoting TrendSetter
You in my friend???
The wait is over
yes, but only on demo, still feels good when you nail a trade on the head though, took half off at 100 pips will let the other half run.

I'm having problems with a lot of half trades reversing on me though.
I need to put up stop losses.
  • #6,451
  • Nov 26, 2008 1:14pm Nov 26, 2008 1:14pm
Hi Guys... just though I give a heads up on a possible nice short on NZD. It's a good bit away, but the market being so rapid lately, it might come sooner than we think.

Price Range: 0.5640 - 0.5680

Eat pips guys!! Fill your stomachs... lots to go around
Attached Image (click to enlarge)
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  • #6,452
  • Nov 26, 2008 1:34pm Nov 26, 2008 1:34pm
Thanks for the heads up trendsetter. Both 5680 and 5640 look like good levels to me. Even right inbetween those levels looks like an area it might turn around. It lines right up with the 50 fibb on my charts inbetween those levels. I guess I'll see how the price action is moving when it gets to that area to decide on an entry.

I usually don't trade the NZD, what time does it usually like to pick up?
  • #6,453
  • Nov 26, 2008 2:01pm Nov 26, 2008 2:01pm
Quoting libb
Thanks for the heads up trendsetter. Both 5680 and 5640 look like good levels to me. Even right inbetween those levels looks like an area it might turn around. It lines right up with the 50 fibb on my charts inbetween those levels. I guess I'll see how the price action is moving when it gets to that area to decide on an entry.

I usually don't trade the NZD, what time does it usually like to pick up?
It actually does well in the am... both London and US sessions. It really picks up at 10am EST coming to London close at 12 noon EST
  • #6,454
  • Nov 26, 2008 6:37pm Nov 26, 2008 6:37pm
Another one to take advantage of.
Attached Image (click to enlarge)
Click to Enlarge Name: EUShort.jpg Size: 764 KB
  • #6,455
  • Nov 26, 2008 6:42pm Nov 26, 2008 6:42pm
Thanks TrendSetter!
  • #6,456
  • Nov 26, 2008 11:05pm Nov 26, 2008 11:05pm
Quoting TrendSetter
Another one to take advantage of.
I like how you're looking at the stand-out levels, I lack the patience to stick to these only myself. This one's quite some way away but definitely one I'll be looking at.
I need to put up stop losses.
  • #6,457
  • Nov 27, 2008 12:28am Nov 27, 2008 12:28am
Hi guys,

I watched BRV's Breakout video again last night and this looks to be a spot where there could be a lot of long orders sitting just above this 1.5444 area that has been hit 4 times in last 24 hrs.

What do you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd break 27nov.jpg Size: 110 KB
  • #6,458
  • Nov 27, 2008 12:47am Nov 27, 2008 12:47am
Seems to fit the criteria for a good breakout according to BRV. I'm not quite sure how I'm going to play this one. It might just shoot through it, or another technique BRV talks about is let it break through, let it retrace to that point, then buy into it.

Edit, also keep in mind 1.5470. That point also seems to have significance on larger time frames.
  • #6,459
  • Nov 27, 2008 1:01am Nov 27, 2008 1:01am
Quoting libb
Seems to fit the criteria for a good breakout according to BRV. I'm not quite sure how I'm going to play this one. It might just shoot through it, or another technique BRV talks about is let it break through, let it retrace to that point, then buy into it.

Edit, also keep in mind 1.5470. That point also seems to have significance on larger time frames.
Yes I agree libb. Those are the 2 questions in my mind about how to play it. I think I will look to put in a small trade (in case of no pullback) and then get in again if there is a pullback to the level (as long as price action looks ok).

As you say it has to take out the high just above but if it can there could be a good move up.
  • #6,460
  • Nov 27, 2008 1:08am Nov 27, 2008 1:08am
I was looking at the 15m chart and the bottom of the bucket of Tuesdays high looks like a good point to trade a retracement. I'd love to hear what others think.
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