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  • #9,381
  • Mar 2, 2009 11:01pm Mar 2, 2009 11:01pm
Quoting G550
Are you talking about euro/yen? And why do you say that level is abused?
I'm talking about EUR/USD. Look at the daily chart and see how many times the level was broken in Oct-Nov.

Quoting Siam
But forgive me if I'm wrong if that level does indeed go with all the abuse it's taken and $ strenghth is all accross the board as you predict 127.35 is in the opposite direction to what you are stating.
Just because I think it's going to break doesn't mean everybody else does.
  • #9,382
  • Mar 2, 2009 11:10pm Mar 2, 2009 11:10pm
So if you take the break and then eveyone fades it that's good?

Ok, now i'm really confused
  • #9,383
  • Edited 11:12pm Mar 2, 2009 11:12pm | Edited 11:12pm
Quoting racetrack
I'm talking about EUR/USD. Look at the daily chart and see how many times the level was broken in Oct-Nov.
I see...you mean 1.2513, not 125.13 which is why I though eur yen. I like the 2700 area for shorts.
  • #9,384
  • Mar 2, 2009 11:20pm Mar 2, 2009 11:20pm
Quoting Shermenator
Seems lke we will get good setups tnight...let the market mature a bitt and go to major levels...make sure the pair is in a clear direction and no rangy market...if its in a range dont try and figure out how itrs going to break out instead look at another pair that looks obvious what its going to do ...
Good advice, and what I've been doing lately.
  • #9,385
  • Mar 2, 2009 11:45pm Mar 2, 2009 11:45pm
Quoting Siam
So if you take the break and then eveyone fades it that's good?

Ok, now i'm really confused
No, I just meant that different people in the market have different opinions. The people buying the 1.2550 area may not have the "flight to quality" view and think that area is a longer term bottom.

Quoting G550
I see...you mean 1.2513, not 125.13 which is why I though eur yen.
Yeah, I tend to do that...
  • #9,386
  • Mar 3, 2009 12:22am Mar 3, 2009 12:22am
Alright I was trying to long this thing earlier today but it did not give me the shot I desired...

Pay attention for shorts though..

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  • #9,387
  • Mar 3, 2009 1:11am Mar 3, 2009 1:11am
Quoting Siam
Morning,

1.2512 is a level to watch out for on the Euro this morning.

Agreed! Been waiting for this one for a while.
  • #9,388
  • Mar 3, 2009 2:18am Mar 3, 2009 2:18am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Looking for shorts 2705-2749. Seems like a nobrainer to me.
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"Wishful thinking dies hard." Igor T.
  • #9,389
  • Mar 3, 2009 2:28am Mar 3, 2009 2:28am
Quoting FxChi
Looking for shorts 2705-2749. Seems like a nobrainer to me.

Yep I am looking for shorts as well
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  • #9,390
  • Mar 3, 2009 3:02am Mar 3, 2009 3:02am
G/U sell limit @ 1.4172.
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  • #9,391
  • Mar 3, 2009 3:16am Mar 3, 2009 3:16am
Alright I am now short in the audusd lets see how it plays out...

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  • #9,392
  • Mar 3, 2009 3:35am Mar 3, 2009 3:35am
Alright up about 11 pips....when the price action is right I will move my stop to break even....I will mention it...

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  • #9,393
  • Mar 3, 2009 3:37am Mar 3, 2009 3:37am
Me too. Took the same trade almost to the pip.
  • #9,394
  • Mar 3, 2009 3:42am Mar 3, 2009 3:42am
makes 3 of us? =)
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  • #9,395
  • Mar 3, 2009 3:42am Mar 3, 2009 3:42am
Alright the market is moving correctly ....will move stop to break even preety soon...never let a winner turn into a loser...thats men law lol

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  • #9,396
  • Mar 3, 2009 3:45am Mar 3, 2009 3:45am
I'm BE now.
  • #9,397
  • Mar 3, 2009 3:53am Mar 3, 2009 3:53am
Quoting fx-Junior
I'm BE now.
Me as well.
  • #9,398
  • Mar 3, 2009 3:54am Mar 3, 2009 3:54am
Alright I am up 28 pips stop is not at plus 1 pip....good trade guys to the once who took it as well...

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  • #9,399
  • Mar 3, 2009 3:57am Mar 3, 2009 3:57am
Closed half of the position @ 0.6415 +36pips. Target for the second is 0.6390.
  • #9,400
  • Mar 3, 2009 3:59am Mar 3, 2009 3:59am
Alright I am now securing 10 pips on this trade....up 40 pips currently

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