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  • #8,781
  • Edited 10:02pm Feb 12, 2009 9:54pm | Edited 10:02pm
I'll play along with you on this one, Knightz

SR
  • #8,782
  • Feb 12, 2009 10:27pm Feb 12, 2009 10:27pm
Quoting Knightz
short at 1.2932... tight SL of 20.
first daily resistance... anyone in?
I shorted at 1.2925
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,783
  • Feb 12, 2009 10:45pm Feb 12, 2009 10:45pm
Quoting Thexder
I shorted at 1.2925
1.2900 is a good support, I believe, if you look at the hourly chart
  • #8,784
  • Feb 12, 2009 11:18pm Feb 12, 2009 11:18pm
Thoughts?

http://i24.photobucket.com/albums/c2...Csupport-1.jpg

Quoting sam0182
USD/CHF Support at 1.15, area for longs.

We would be looking at a breach of the uptrend at that point, my major concern. However, the 1.15 level looks strong with buyers.

Thoughts on this anyone?

**I will get charts up later, can't at the moment**
  • #8,785
  • Feb 12, 2009 11:25pm Feb 12, 2009 11:25pm
Quoting sam0182
Thoughts?

http://i24.photobucket.com/albums/c2...Csupport-1.jpg
I took that trade the last time it got to around 1.1520. But its touched about 3-4 times already and not too much time apart, I dont know what to expect when it gets there again

Anyone have any idea?
  • #8,786
  • Edited Feb 13, 2009 12:00am Feb 12, 2009 11:49pm | Edited Feb 13, 2009 12:00am
Looking to go long usd/cad @ 1.2270 if it gets down there -- trendline, 50 fib of wave up from jan 8 (1.22673); 4hr bucket. One caveat is that it would only be at a daily range of about 180 at that point, and the avg is about 270.
Attached Image (click to enlarge)
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  • #8,787
  • Feb 13, 2009 12:08am Feb 13, 2009 12:08am
Another "if it gets up there" --

AUD/USD short @ .6757-6757

4hr bucket; repeated action at that level over the past few months at least on 4hr; trendline; 50 fib of wave down from Jan 7. And if it does get up there today, it will be a bit past its average daily range and prime for a drop.
Attached Image (click to enlarge)
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  • #8,788
  • Feb 13, 2009 1:02am Feb 13, 2009 1:02am
Finally after 3 hours the top heavy EUR USD continued on down. Up over +30 now.
Attached Image
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,789
  • Feb 13, 2009 1:14am Feb 13, 2009 1:14am
Quoting Thexder
I shorted at 1.2925
seatlerush and thexder - wat TP are u guys on?
  • #8,790
  • Feb 13, 2009 1:17am Feb 13, 2009 1:17am
Quoting Knightz
seatlerush and thexder - wat TP are u guys on?
When I saw it go so fast I just let it go and when it was +40 in profit I set an auto trailing stop of 25 because it ran right into the support below 2900 round number and that prior consolidation, so anything can happen and I have to go to sleep so I will let it run.

If I gave up waiting earlier and went to bed I'd have just used the 2900 number area for a TP because it's the most reasonable spot to expect problems.
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,791
  • Feb 13, 2009 1:33am Feb 13, 2009 1:33am
Quoting orcus
Looking to go long usd/cad @ 1.2270 if it gets down there -- trendline, 50 fib of wave up from jan 8 (1.22673); 4hr bucket. One caveat is that it would only be at a daily range of about 180 at that point, and the avg is about 270.
The daily range is decreasing because this pair is in a wedge.
  • #8,792
  • Feb 13, 2009 1:55am Feb 13, 2009 1:55am
Cable time
Attached Image (click to enlarge)
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  • #8,793
  • Feb 13, 2009 2:20am Feb 13, 2009 2:20am
Quoting orcus
Looking to go long usd/cad @ 1.2270 if it gets down there -- trendline, 50 fib of wave up from jan 8 (1.22673); 4hr bucket. One caveat is that it would only be at a daily range of about 180 at that point, and the avg is about 270.
The ranges I will be watching are 12300-12270 then 12225-12188
  • #8,794
  • Feb 13, 2009 2:45am Feb 13, 2009 2:45am
Quoting RedCabbage
The ranges I will be watching are 12300-12270 then 12225-12188
Morning RC

Did you consider (or take?) the short in the CAD 12525 area like you did on Wednesday? Or was the touch count too high for you this time?
RegardsPaul Eamonn
  • #8,795
  • Edited 3:18am Feb 13, 2009 3:16am | Edited 3:18am
Looking to short the cable in the 1.4560 region. Previous support turn resistance and 50% Fib retracement from 1.4984 high and yesterdays lows
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd130209914gmt.gif Size: 31 KB
  • #8,796
  • Feb 13, 2009 3:24am Feb 13, 2009 3:24am
Quoting islandpippin
Looking to short the cable in the 1.4560 region. Previous support turn resistance and 50% Fib retracement from 1.4984 high and yesterdays lows

Agreed
  • #8,797
  • Feb 13, 2009 4:43am Feb 13, 2009 4:43am
Quoting ScottH
Agreed
did u guys got stopped out by that over spike? or u guys have huge SLs...
  • #8,798
  • Feb 13, 2009 4:46am Feb 13, 2009 4:46am
almost did.
  • #8,799
  • Feb 13, 2009 5:14am Feb 13, 2009 5:14am
Quoting RedCabbage
The ranges I will be watching are 12300-12270 then 12225-12188
Good.

Now I am looking to sell around 12380
  • #8,800
  • Feb 13, 2009 5:16am Feb 13, 2009 5:16am
Quoting PaulEamonn
Morning RC

Did you consider (or take?) the short in the CAD 12525 area like you did on Wednesday? Or was the touch count too high for you this time?
Too many times at that level for me, but I was wrong, there were still orders to be taken out up there.
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