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  • #100,321
  • Edited 6:30am May 25, 2009 6:05am | Edited 6:30am
Quoting Atlast
I'm out of my shorts at TP, 1.3998.
Watch those shorts Notch. I have this market as having changed tracks, not definite, but likely.

I can't see much in the way of downside in the next hour. Upside to perhaps 1.4021 with a breakout above that level.

but I could be wrong!
  • #100,322
  • May 25, 2009 6:05am May 25, 2009 6:05am
Quoting notch
Scratch that!
i still holding short, soon it will go back to 1.3950 today.
  • #100,323
  • May 25, 2009 6:08am May 25, 2009 6:08am
I can clearly observe that the longer the EUR rally goes without a decent retrace, the more stress on this forum - stress which leads to inadequate behavior. As a trader one of the main thing to conquer are your nerves and your emotions. You have to have a "poker" attitude at all times. Be cool guys. If one would fail holding the sh!t together one would need a hospital visit soon.
  • #100,324
  • May 25, 2009 6:08am May 25, 2009 6:08am
Quoting John Lo
i still holding short, soon it will go back to 1.3950 today.
Direction I agree but I'm not sure if it will be today. I hope it is today!
  • #100,325
  • May 25, 2009 6:10am May 25, 2009 6:10am
Quoting Larseg
short it!!
Larseg
Absorbing excellency...

Member Since May 2009
85 Posts

I think we can downgrade this thread to useless, it all topped when the thinky winky explanation was given

hohoho

___________________________________

Absolutely agree!
  • #100,326
  • May 25, 2009 6:11am May 25, 2009 6:11am
I am short at 1.3998, hoping for a nice retrace soon....we'll see!
  • #100,327
  • May 25, 2009 6:13am May 25, 2009 6:13am
i am still holding the elevator up ticket since london opening lol
  • #100,328
  • May 25, 2009 6:14am May 25, 2009 6:14am
Thought that better loosen up today with few dvd's title..cause not much movement due to U.S & Gbp bank on holiday..might as well take a day off....slimm movement..wasting time if trade
  • #100,329
  • May 25, 2009 6:16am May 25, 2009 6:16am
Quoting jgospoda
I am short at 1.3998, hoping for a nice retrace soon....we'll see!
anyone short cable? i think while waiting EUR, why not shorting cable too..
i know this is EUR room..
  • #100,330
  • May 25, 2009 6:17am May 25, 2009 6:17am
First 2 entries hit at Fib level 23.6 %. If we hit 4.050 and bounce short again we get 72 Pips for our effort. We then add 1 more trades at the 23.6 Fib level to replace the one that hit profit and wait again. If we break 1.4050, we wait till it retraces again and move the Fib to the top and recalibrate the Fib Trades.

MK
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 36 KB
  • #100,331
  • May 25, 2009 6:18am May 25, 2009 6:18am
yeah exactly when you have a couple of 15 year olds throwing around the F and A words with rampant, I would say these posts have little more than No redeeming value.

Quoting JgrB
Larseg
Absorbing excellency...

Member Since May 2009
85 Posts

I think we can downgrade this thread to useless, it all topped when the thinky winky explanation was given

hohoho

___________________________________

Absolutely agree!
Its all in the mind.
  • #100,332
  • May 25, 2009 6:18am May 25, 2009 6:18am
Quoting notch
I can't see much in the way of downside in the next hour. Upside to perhaps 1.4021 with a breakout above that level.

Must I could be wrong!
Could get just below 1.3980 although that's where it has to hold or a breakdown further slowly may be on the way.
  • #100,333
  • May 25, 2009 6:21am May 25, 2009 6:21am
Its holiday for both the major currency bank..& also mossst trader,which mean 'better no trade'..bcoz no movement guyz!!

P/s:take a look at the calendar
  • #100,334
  • May 25, 2009 6:22am May 25, 2009 6:22am
hi yes i am short on that pair...but remind you little action today untill asia with range expected between 5875 and 5944. my stop is now in profit, so to add more if it retraces back to 5950is levels.

US has treasury auctions lined up all through this coming week. that will be very interesting. a little move down on wall street, a reasonably good tsy sales and you could be in good pip count. If otherwise cut that trade lose when it touches 5950, as 6000 beckons then.

Quoting John Lo
anyone short cable? i think while waiting EUR, why not shorting cable too..
i know this is EUR room..
Its all in the mind.
  • #100,335
  • May 25, 2009 6:22am May 25, 2009 6:22am
...NOTCH this is for you...
Attached Image (click to enlarge)
Click to Enlarge Name: hy.gif Size: 20 KB
  • #100,336
  • May 25, 2009 6:23am May 25, 2009 6:23am
Quoting FXexpress
First 2 entries hit at Fib level 23.6 %. If we hit 4.050 and bounce short again we get 72 Pips for our effort. We then add 1 more trades at the 23.6 Fib level to replace the one that hit profit and wait again. If we break 1.4050, we wait till it retraces again and move the Fib to the top and recalibrate the Fib Trades.

MK
The day's downtrend is clear in that chart. Is the red line the 200 SMA?
  • #100,337
  • May 25, 2009 6:25am May 25, 2009 6:25am
Quoting forexer83
...NOTCH this is for you...
Oh bless! I feel loved!
  • #100,338
  • May 25, 2009 6:26am May 25, 2009 6:26am
Quoting John Lo
anyone short cable? i think while waiting EUR, why not shorting cable too..
i know this is EUR room..
why not u short GJ too? haha
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #100,339
  • May 25, 2009 6:29am May 25, 2009 6:29am
Eur/usd. [email protected],sl-1.3925,tp1-1.4070,tp2-1.4130
  • #100,340
  • May 25, 2009 6:29am May 25, 2009 6:29am
..by that standard go short pound-swissie. It is 250 pips in next 24 hours. Betcha!

Quoting Yngwie
why not u short GJ too? haha
Its all in the mind.
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