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GBP/USD, USD/CHF, USD/JPY

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  • #8,401
  • Feb 5, 2009 9:32am Feb 5, 2009 9:32am
This was a hell of a day for me. Testing my emotions to the extreme...
  • #8,402
  • Feb 5, 2009 9:45am Feb 5, 2009 9:45am
Quoting RedCabbage
Sorry I didn't see your post - yes it was good for +33pip scalp from 8729.
What made this level stand out? I don't see anything there other than maybe a barely perceptible bump on the side of the upslope around Dec 5.
  • #8,403
  • Feb 5, 2009 10:12am Feb 5, 2009 10:12am
Quoting orcus
What made this level stand out? I don't see anything there other than maybe a barely perceptible bump on the side of the upslope around Dec 5.
It's a 4h s/r line used many times and close to 50 Fib of the long rally from Oct-Dec 2008
  • #8,404
  • Feb 5, 2009 10:18am Feb 5, 2009 10:18am
Looks like the cable did stop at 1.47 . I'm currently short again on the GBPJPY... 50+ and counting...

RC, you think it's possible that the beast will go back to 132?
  • #8,405
  • Feb 5, 2009 10:32am Feb 5, 2009 10:32am
Quoting bumasoft
RC, you think it's possible that the beast will go back to 132?
Very likely, although it's at some 5m support now.
  • #8,406
  • Feb 5, 2009 10:33am Feb 5, 2009 10:33am
Quoting RedCabbage
Very likely, although it's at some 5m support now.
Yeah, I'm watching S/R levels on the M1. I might close if it breaks resistance.
  • #8,407
  • Edited 11:35am Feb 5, 2009 11:09am | Edited 11:35am
Anyone watching the resistance line around 1.17 on the USD/CHF...price is coming up on it pretty quick.
  • #8,408
  • Feb 5, 2009 12:48pm Feb 5, 2009 12:48pm
Hey bumasoft how things going,how was your day
  • #8,409
  • Feb 5, 2009 12:51pm Feb 5, 2009 12:51pm
Quoting mattpajek
Hey bumasoft how things going,how was your day
Hey, mattpajek. Well, I didn't pay attention to the news and had some losses on the cable. But got back a good part of that loss and now I'm short on the GBPJPY (90 pips currently), targeting 200 pips. That will bring me all the cash back plus 2 pizzas. LOL


PS: How was your day?
  • #8,410
  • Feb 5, 2009 12:55pm Feb 5, 2009 12:55pm
Now that`s nice to hear i`ve got only +23 pips since i didn`t have time to trade,my regular job is just killing me
  • #8,411
  • Feb 5, 2009 12:57pm Feb 5, 2009 12:57pm
Quoting mattpajek
Now that`s nice to hear i`ve got only +23 pips since i didn`t have time to trade,my regular job is just killing me
Don't worry. 23 pips is great. I'm in the market for 14 hours (yeah, 14 hours) and struggling to walk out of the market with no loss . I'll pay attention to the news next time.

PS: GBJPY is now 103+ pips
  • #8,412
  • Feb 5, 2009 1:03pm Feb 5, 2009 1:03pm
I closed at 100 pips. Enough to cover my losses and leave with some profit for today. I'm going to sleep. Nite nite, guys!
  • #8,413
  • Feb 5, 2009 1:19pm Feb 5, 2009 1:19pm
I had 2 losers today
Sucks for me because I can't stay up during the London session to watch them...have to rely on limit orders.
  • #8,414
  • Feb 5, 2009 7:33pm Feb 5, 2009 7:33pm
Possible breakout of usd/jpy below support @ 90.78. I'm in a long there because it was good-looking SR (also 38 fib of last move up), but it's looking like I'm going to lose on that one -- it's been hanging around that line for hours now, forming an obvious descending triangle.
  • #8,415
  • Feb 5, 2009 7:49pm Feb 5, 2009 7:49pm
Quoting Knightz
usd/jpy... wat triggered the CRAZY spike?

jus managed a short on 92.15

UJ was really crazy, I read that it was because of spread put option playing, not sure what that is though.

Knightz, it looks like you almost caught the top there!
I have difficulty finding this level in my chart, 91.57 seems to be much clearer to me, but it was bursted right away

Could you (or anyone) show me how to find that level being a nice resistance?
Thanks.
  • #8,416
  • Feb 5, 2009 11:37pm Feb 5, 2009 11:37pm
Good morning guys. Is anyone watching 1.2456 - 1.2500 on USDCAD for a short?
  • #8,417
  • Feb 5, 2009 11:39pm Feb 5, 2009 11:39pm
Heres' the chart. Sorry. Looking at oil though, it bounced off resistance, so I'm not sure I'll be going long on USDCAD.

Actually, the area starts from 1.2345, where the spikes are. Pretty big supply area. I'll monitor it and see if I get some reversal confirmation.
Attached Image (click to enlarge)
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  • #8,418
  • Feb 5, 2009 11:49pm Feb 5, 2009 11:49pm
Here's a safer bet. A real no brainer on the EURGBP (0.8600 - 0 .8568). It's very clear on the H4 and Daily charts. Must be a strong area of demand.
Attached Image(s) (click to enlarge)
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  • #8,419
  • Feb 5, 2009 11:53pm Feb 5, 2009 11:53pm
Hi,

I'm not going to be trading on a NFP day but cable sure does look good for a bounce . If it gets there a while before the news hits the fan I might just go in for a few.
Attached Image (click to enlarge)
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  • #8,420
  • Feb 5, 2009 11:54pm Feb 5, 2009 11:54pm
Quoting Siam
Hi,

I'm not going to be trading on a NFP day but cable sure does look good for a bounce . If it gets there a while before the news hits the fan I might just go in for a few.
Nice one! Thanks.
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