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  • #9,841
  • Mar 19, 2009 8:03am Mar 19, 2009 8:03am
Quoting Shermenator
Alright I am up about 40 pips ....will mention when I move my stop to break even...like stealing candy from a baby lol

Attachment
The baby got angry ! Hope you could save your trade in time.
  • #9,842
  • Mar 19, 2009 8:04am Mar 19, 2009 8:04am
I would sell usdcad if it comes to 303 as per chart, and aim for 127. It just might happen as last nights sign off post did really well and I was not there, just as I will not be tonight if this comes off. Not really game to put in automatic settings so just have to miss all the action as it is late here. goodnight all.
  • #9,843
  • Mar 19, 2009 8:25am Mar 19, 2009 8:25am
I'm watching the 1.375-1.3795 on the EUR/USD & GBP/USD just shy of 1.46.
  • #9,844
  • Mar 19, 2009 8:31am Mar 19, 2009 8:31am
I'm watching for 1.3850 on Euro. Its really gotta push it for me to take it today. Thats a good area from a few months ago.

Aussie maybe around .7000
  • #9,845
  • Mar 19, 2009 8:49am Mar 19, 2009 8:49am
Quoting Khalys
The baby got angry ! Hope you could save your trade in time.
Its a long term trade I am taking so I simply added to it...

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 25 KB
  • #9,846
  • Mar 19, 2009 9:04am Mar 19, 2009 9:04am
Alright I am about break even in my longs today ....I will add to it if the conditions are correct ...

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 27 KB
  • #9,847
  • Mar 19, 2009 9:14am Mar 19, 2009 9:14am
Quoting Tori
Hi Shermenater
I would like to ask you a question about this trade. There is a 1.2395 option expiry on this in a couple of hours. Does this mean that the bounce you hope for might be stalled till later. Or because it has broken that level now, does that mean the expiry is over. I wonder about this often and whether it must be taken into account. thanks.
Where is the option expiry information available?
  • #9,848
  • Mar 19, 2009 10:19am Mar 19, 2009 10:19am
Quoting sam0182
I'm watching the 1.375-1.3795 on the EUR/USD & GBP/USD just shy of 1.46.
Short with 1/2 size at 1.4594, will add to full size if we move above 1.46
  • #9,849
  • Mar 19, 2009 10:20am Mar 19, 2009 10:20am
Quoting sam0182
Short with 1/2 size at 1.4594, will add to full size if we move above 1.46
Stops to b/e, at +20

**Took half off at +13, the remaining position was stopped out.

Watching 1.456ish for further G/U action...EUR/USD around 1.38
  • #9,850
  • Mar 19, 2009 10:34am Mar 19, 2009 10:34am
Quoting sam0182
Stops to b/e, at +20

**Took half off at +13, the remaining position was stopped out.

Watching 1.456ish for further G/U action...EUR/USD around 1.38
It's always a little sick seeing the trade run nicely in your favor, minutes after being stopped out.
  • #9,851
  • Mar 19, 2009 11:23am Mar 19, 2009 11:23am
Alright I am now manking good money in long...

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 26 KB
  • #9,852
  • Mar 19, 2009 11:53am Mar 19, 2009 11:53am
Quoting Shermenator
Alright I am now manking good money in long...

Attachment
Nice trading. What made you think that U/C was going to rise after 200pips drawdown?
  • #9,853
  • Mar 19, 2009 12:09pm Mar 19, 2009 12:09pm
Quoting fx-Junior
Nice trading. What made you think that U/C was going to rise after 200pips drawdown?

The more the market goes down the more it whants to go up and vice versa
  • #9,854
  • Mar 19, 2009 12:12pm Mar 19, 2009 12:12pm
Alright guys it was a good trade...I will go to sleep and let this puppy run I have other orders on place while I sleep ...

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 26 KB
  • #9,855
  • Mar 19, 2009 1:34pm Mar 19, 2009 1:34pm
Quoting Shermenator
The more the market goes down the more it whants to go up and vice versa
I see.

Found one post by BRV about that:


http://www.forexfactory.com/images/icons/icon1.gif
"Anytime you hear the word "fix" it means that price action in one session will reverse the price action in the previous session, basically. NY will "fix" (reverse) the movement of price in the London session." -BRV
  • #9,856
  • Mar 19, 2009 7:25pm Mar 19, 2009 7:25pm
Alright I just woke up and I am up about 70 pips in my long when both of my longs are averaged...I will now start getting ready to add to it as it whe the time is correct...

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 21 KB
  • #9,857
  • Mar 20, 2009 12:15am Mar 20, 2009 12:15am
Things I'm watching, feeback welcome as always:

USD/JPY short @ 95.60 -- obvious SR; long-term SR in this area (95.70-80); 38 fib of drop down (95.61); trend continuation of the death of the dollar

EUR/USD long @ 1.3540 -- obvious SR with previous reactions from both sides in January, October, etc; 61 fib of this last surge up after consolidating a bit, trend continuation

GBP/USD long -- kind of torn here. 1.4340 is the closer, more obvious one, but 1.4240 has more confirminations -- "bucket" formation; 50 fib of the surge up from 3/18 and 38 fib from the swing low on 3/11. Something I'm never sure of -- if it drops that low, by that point wouldn't a bounce really be counter-trend?
  • #9,858
  • Mar 20, 2009 12:47am Mar 20, 2009 12:47am
Hi Here is my gbpusd chart. I will buy at 1.4278 if it drops that far. I dont really care about counter trend at the moment because the weak usd alters the dynamics a little I think. I am just looking at the S/R levels and the strength of the movement, and the confirmation of what the dollar is doing on the other charts at the time I take my trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #9,859
  • Mar 20, 2009 2:30am Mar 20, 2009 2:30am
I am only looking at 2 charts tonight and then calling it quits. The audusd for a buy from 6840, target 6942, which I am in, and the usdcad from 1.2403 for a sell which I am in, target 1.2303. I will babysit both and get out if sticky. Nothing else on my radar tonight.,
  • #9,860
  • Mar 20, 2009 2:42am Mar 20, 2009 2:42am
Watching 1.46 & 1.466 GBP/USD for a sell.

*Also keeping an eye on the EUR/USD 1.378-1.38 for a sell area.
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