I'm taking a small position (0.2 lots) over the holidays. Let's see how this goes.
long @147.47 sl @145.25
Good luck & enjoy your holidays
long @147.47 sl @145.25
Good luck & enjoy your holidays
Thank You 
- #782
- Apr 9, 2009 9:33am Apr 9, 2009 9:33am
- | Membership Revoked | Joined Feb 2008 | 9,794 Posts
I'm taking a small position (0.2 lots) over the holidays. Let's see how this goes.
long @147.47 sl @145.25
Good luck & enjoy your holidays
I've got a slightly different take on the dragon lol.
If price respects the current channels(and horizontal res) I think she'll go down to 141-ish before resuming the northbound journey - JMO but what do I know we'll have to wait and see I guess.
GL
- #783
- Apr 9, 2009 10:24am Apr 9, 2009 10:24am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hi Wb,
I've got a slightly different take on the dragon lol.
If price respects the current channels(and horizontal res) I think she'll go down to 141-ish before resuming the northbound journey - JMO but what do I know we'll have to wait and see I guess.
GL
Attachment
Thank You
- #784
- Apr 13, 2009 4:23pm Apr 13, 2009 4:23pm
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
Don't chase the market, Let the market come to you
- #785
- Apr 13, 2009 10:01pm Apr 13, 2009 10:01pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Good morning fellas. Hope everyone had a great weekend & enjoyed the holidays. I sure did 
Nothing much had changed since I took the decision to go long ( post#781 ). The magenta line which are drawn on the 4hourly & daily (147.47) was where I took the position is currently serving as a small support. Let's see if it'll hold. If it does, 156 levels is a realistic area to watch in the days to come.
We'll see. Good luck.
Nothing much had changed since I took the decision to go long ( post#781 ). The magenta line which are drawn on the 4hourly & daily (147.47) was where I took the position is currently serving as a small support. Let's see if it'll hold. If it does, 156 levels is a realistic area to watch in the days to come.
We'll see. Good luck.
Thank You
- #786
- Apr 13, 2009 10:16pm Apr 13, 2009 10:16pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Same chart, different day. 4950 resistance level is key. Break that and we're looking at 5225 levels as a possibility. But, we'll see how this play unfolds.
Been reading the other thread and saw some that went short during the holidays & hoping for a miracle. None of my business but
Anyway good luck.
Been reading the other thread and saw some that went short during the holidays & hoping for a miracle. None of my business but
Anyway good luck.
Thank You
- #788
- Apr 13, 2009 10:48pm Apr 13, 2009 10:48pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Hi sofia, I hope you had a blast during the holidays 
Btw, your take on euro dollar looks spot on. I am however leaning towards a bullish move. The double bottom on the 4 hourly had me convinced.
But, as you said, it'll be wise to wait for London open & see how it goes.
Good luck with your trade for this pair sofia
Btw, your take on euro dollar looks spot on. I am however leaning towards a bullish move. The double bottom on the 4 hourly had me convinced.
But, as you said, it'll be wise to wait for London open & see how it goes.
Good luck with your trade for this pair sofia
Thank You
- #789
- Apr 13, 2009 11:23pm Apr 13, 2009 11:23pm
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
Same chart, different day. 4950 resistance level is key. Break that and we're looking at 5225 levels as a possibility. But, we'll see how this play unfolds.
Been reading the other thread and saw some that went short during the holidays & hoping for a miracle. None of my business but
Anyway good luck.
hello you mean it wont back on 46 level i
until it wont touch 4950 or 5200??please clear it i have short position so i have to close it or wait for it to back on 4790??
thanks
Ub
- #790
- Apr 14, 2009 6:32am Apr 14, 2009 6:32am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
As mentioned in post #786. 4950 level is critical, this resistance gets taken out & we're headed towards 5225 level. Failure will most likely result in a double top formation & chances are we might be headed down from there on.
But, smart money don't try to be smart & buck against the trend
That's almost 300 points surge you'd be missing if you've been trying to fight the market. So good luck.
But, smart money don't try to be smart & buck against the trend
That's almost 300 points surge you'd be missing if you've been trying to fight the market. So good luck.
Thank You
- #791
- Apr 14, 2009 6:42am Apr 14, 2009 6:42am
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
hello you mean it wont back on 46 level i
until it wont touch 4950 or 5200??please clear it i have short position so i have to close it or wait for it to back on 4790??
thanks
Ub
Delta is quite a powerful tool to learn, not an easy one but powerful nonetheless
Don't chase the market, Let the market come to you
- #792
- Apr 14, 2009 12:08pm Apr 14, 2009 12:08pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Follow up to the earlier chart on post #786. Cable is still testing the 4950 resistance level. Many early bears got slaughtered today. Like Elvis said, only fools rush in 
Thank You
- #793
- Apr 14, 2009 12:59pm Apr 14, 2009 12:59pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Follow up to the earlier chart on post #786. Cable is still testing the 4950 resistance level. Many early bears got slaughtered today. Like Elvis said, only fools rush in
It's all good though, as it was in profit...
I am watching this resistance area closely.... if we make a new high.. I see 5300 on the horizon, if not, we could head down towards 45xx.. I will be waiting to pounce....
Patience + Discipline - Greed = Success
- #794
- Apr 14, 2009 1:11pm Apr 14, 2009 1:11pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I heard it was you that stopped out one of my shorts.....
It's all good though, as it was in profit...
I am watching this resistance area closely.... if we make a new high.. I see 5300 on the horizon, if not, we could head down towards 45xx.. I will be waiting to pounce....
Good to hear the trade was safe tho. And I agree completely with the levels should we break or bounce from here. Nice spot as usual bro
Thank You
- #795
- Apr 14, 2009 1:58pm Apr 14, 2009 1:58pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
This is what we currently have on the 8hr. No trade for me still on cable.
I'm off now, Champions League on tele. Good luck everyone
I'm off now, Champions League on tele. Good luck everyone
Thank You
- #796
- Edited 4:58pm Apr 14, 2009 4:28pm | Edited 4:58pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I'm taking a small position (0.2 lots) over the holidays. Let's see how this goes.
long @147.47 sl @145.25
Good luck & enjoy your holidays
Anyway, long still intact unless the lower line gets taken out.
So, let's see how this goes. Goodnite!
Thank You
- #798
- Apr 14, 2009 4:44pm Apr 14, 2009 4:44pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #800
- Apr 14, 2009 4:59pm Apr 14, 2009 4:59pm
- Joined Feb 2008 | Status: Trader | 5,732 Posts
Man UTD is my Team..........
Arsenal are a Great Football playing team...
BUT....Barcelona...will win the Cup
baz
ARSENAL for the Champions League and Fa cup....
Patience + Discipline - Greed = Success