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  • #107,861
  • Jun 9, 2009 8:58am Jun 9, 2009 8:58am
Quoting notch
It's the cost of doing business so no probs. I expect to regain it and more by the end of play
Look at all the candle wicks in the 240 min chart. Not reassuring for longs.
  • #107,862
  • Jun 9, 2009 9:01am Jun 9, 2009 9:01am
waiting for short position, anyone agree ?
Just Newbie Need Guidance From The Expert
  • #107,863
  • Jun 9, 2009 9:01am Jun 9, 2009 9:01am
Quoting redrose
if it stand above 5-10 day
possible a reversal
but have to take extra caution may be it is changing its mind to go new high
Mr Mohammed what is the price to enterfor a long term to enter
i start sell from tested ema 100 and 200 1.4019 and reversal candle is opened in 1 hour
  • #107,864
  • Jun 9, 2009 9:04am Jun 9, 2009 9:04am
Quoting NoviceInd
waiting for short position, anyone agree ?


i am shorting now
due to reversal candle in 1hr also a fibo line 38.2 act as resistance
but didnot figure my t.p points yet
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #107,865
  • Jun 9, 2009 9:05am Jun 9, 2009 9:05am
reversal candle is opened in 1 hour in gbp tooo
  • #107,866
  • Edited 9:12am Jun 9, 2009 9:06am | Edited 9:12am
Quoting Atlast
Look at all the candle wicks in the 240 min chart. Not reassuring for longs.
I'm not sure. The candlewicks certainly didn't look good for the long side since the 3rd of the month but candle stick activity from yesterday 10am BST shows quite a battle between Bulls and Bears (bullish harami pattern) culminating in what looks like a stalemate at 1.4022ish. You're right!


But having said that, you'd expect more upside than we are experiencing after a Bullish Harami Pattern.
  • #107,867
  • Jun 9, 2009 9:09am Jun 9, 2009 9:09am
By Chris Fournier
June 9 (Bloomberg) -- Goldman Sachs Group Inc. advised buying the euro versus the dollar as risk aversion eases, prices of commodities rebound and talk of alternative reserve currencies undermine confidence in the greenback.
“The dollar has appreciated recently on the back of higher risk aversion,” the Goldman Sachs foreign-exchange research team wrote in a note to clients. “We think this offers a good entry point to go long the euro against the U.S. dollar.” A long position is a bet the currency will appreciate.
Risk appetite is reviving with the recovery in global growth expectations, leading to higher commodity prices. As the correlation between oil prices and the U.S. dollar re-emerges, “higher commodity prices will lead to a weaker dollar,” the Goldman analysts wrote today.
Goldman recommends taking a long position in the euro against the U.S. dollar “with a stop on a close below 1.3720 for an initial target of 1.45.”
The dollar weakened 0.6 percent to $1.3978 per euro at 9:04 a.m. in New York, from $1.39 yesterday.

Source: http://www.bloomberg.com/apps/news?p...refer=currency
  • #107,868
  • Jun 9, 2009 9:09am Jun 9, 2009 9:09am
Buy level adjusted 1.3950...anticipate the 1.4030 level and older 1.4080 to be in focus here.

Bearish $ for now...and this auction does not help....
  • #107,869
  • Jun 9, 2009 9:11am Jun 9, 2009 9:11am
Here comes the last bull I was waiting for as confirmation
  • #107,870
  • Jun 9, 2009 9:15am Jun 9, 2009 9:15am
reversal candle is opened in 1 hour in gbp tooo
  • #107,871
  • Jun 9, 2009 9:18am Jun 9, 2009 9:18am
Quoting notch
I'm not sure. The candlewicks certainly didn't look good for the long side since the 3rd of the month but candle stick activity from yesterday 10am BST shows quite a battle between Bulls and Bears (bullish harami pattern) culminating in what looks like a stalemate at 1.4022ish. You're right!


But having said that, you'd expect more upside than we are experiencing after a Bullish Harami Pattern.
Just went short @1.4010 Low risk, high reward
  • #107,872
  • Jun 9, 2009 9:19am Jun 9, 2009 9:19am
Quoting Atlast
Just went short @1.4010 Low risk, high reward
just what i did.
1.3975 region first than we shall see
  • #107,873
  • Jun 9, 2009 9:19am Jun 9, 2009 9:19am
Quoting TrooperCoope
Here comes the last bull I was waiting for as confirmation
shoot him down ASAP
  • #107,874
  • Jun 9, 2009 9:19am Jun 9, 2009 9:19am
Quoting Atlast
Just went short @1.4010 Low risk, high reward
I'm in with the same targets as before.
  • #107,875
  • Jun 9, 2009 9:20am Jun 9, 2009 9:20am
Shorted at 1.39995 with SL at BE... going to eat. Hope to see a good result when I come back.
  • #107,876
  • Jun 9, 2009 9:22am Jun 9, 2009 9:22am
Initial TP reached, hope you picked that up Notch.
  • #107,877
  • Jun 9, 2009 9:22am Jun 9, 2009 9:22am
I am not quite sure yet

tf 4 hr still have room to push
looking like waiting to retrace to 1.3950 to have a new high to 1.4040
if breaks and stand
interestican dle stick today will confirm as hammer was yesterday candle
what is the suggestion to go long
1.3950 sl 1.3935
  • #107,878
  • Jun 9, 2009 9:22am Jun 9, 2009 9:22am
Quoting Nene
Anyone else seeing this. Watch out for possible mega pippage here.

NE
1.4050 is key for a potential H&S
  • #107,879
  • Jun 9, 2009 9:26am Jun 9, 2009 9:26am
Quoting Atlast
Initial TP reached, hope you picked that up Notch.

I think I'll go for the 4hr forecast low at 1.3866.
  • #107,880
  • Jun 9, 2009 9:27am Jun 9, 2009 9:27am
Don;t attempts longs till we break 1.4050 area. Sell all rallies till then with very tight stops. Best to stay out today till we get a direction. Most likely direction will come during Asian but most likely UK session.
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