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  • #110,201
  • Edited 12:22am Jun 15, 2009 12:02am | Edited 12:22am
i dont know what your style is but i would not give too much back.. maybe move sl to 3975 0r 3987... if it passes below 3928 where it may bounce .. keep moving tp down to next level..id shoot for 3831 then 3800 ish then 3793...


fixed it.. long night..
those who can, do. those who cant, talk about those who can
  • #110,202
  • Jun 15, 2009 12:05am Jun 15, 2009 12:05am
Quoting Duce
I'm still short from 1.4120. Looking for TP at 1.3856. Any intelligent advice to close short early?
I was looking to close @ 3950...still waiting for some move
  • #110,203
  • Jun 15, 2009 12:09am Jun 15, 2009 12:09am
went short from 3990 with tp 44 pips,
tp hitted 5 mins ago
nice start
  • #110,204
  • Jun 15, 2009 12:11am Jun 15, 2009 12:11am
Quoting Duce
I'm still short from 1.4120. Looking for TP at 1.3856. Any intelligent advice to close short early?
If you're sitting on 180 pips profit and let's face it, didn't cost anything but the spread
and you made that back also, why not let the market stop you out if the current downtrend began to reverse ?

Otherwise, I'd stick to my target and look to make more pips.

The worst that could happen right now is you could get stopped out with some profit,
provided your stop is where it should be (well into profit, not just break even).
Like Gator said, don't give too much back.

On the other hand, I think your target in the 38's is well within the scope of the next session or so.

So, I gotta say, I leave money on the table all the time and usually look back and say,
"why didn't I keep a little of that ?" The other option is to take off some units and ride the rest to target.

You've got a very favorable problem that most ppl wish they had to deal with more often.

Protect those profits. As long as you do that, you should be okay.

Some people can mess up anything they touch, so unless you have some kind of curse like that,
I'd be sitting happy right about now.
  • #110,205
  • Jun 15, 2009 12:11am Jun 15, 2009 12:11am
...............1.3930, anyone else see it that way?
Good Trading. (keep it simple).
  • #110,206
  • Jun 15, 2009 12:15am Jun 15, 2009 12:15am
Quoting gatorinla
i dont know what your style is but i would not give too much back..
maybe move sl to 3975 0r 2987... if it passes below 3928 where it may bounce ..
keep moving tp down to next level..id shoot for 2831 then 2800 ish then 2793...

Well hell yes I'll take 1100 pips, thank you !

I hope it doesn't take all night, I'm in a hurry dammit !
  • #110,207
  • Jun 15, 2009 12:17am Jun 15, 2009 12:17am
Maybe it's your market guardian angel or subconscious or something telling you
the market's about to plunge into darkness. Having any dreams lately ?
  • #110,208
  • Jun 15, 2009 12:20am Jun 15, 2009 12:20am
Quoting Jasper
...............1.3930, anyone else see it that way?
Perhaps everybody seeing 1.3965 to 1.3943-28. less/no/delayed? reaction to strong sr below ,may happen to down with everybody's support to max 1.3737 if so.just watching

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #110,209
  • Jun 15, 2009 12:21am Jun 15, 2009 12:21am
Quoting 4newbie
went short from 3990 with tp 44 pips,
tp hitted 5 mins ago
nice start
That was the very best entry you could have taken, well done.
Keep a watch on the 1.3930 area, it may reverse!
Good Trading. (keep it simple).
  • #110,210
  • Jun 15, 2009 12:21am Jun 15, 2009 12:21am
EUR-USD which has been fluctuating between APEX and SUPPORT on the daily chart seems to be headed south. The 'red' candle for Friday suggests that we may go lower.

Looking at the 4 H chart we find that we may have a H&S formation that indicates that we if break the SUPPORT the prices should target 1.3272 level.

For Monday:

The fundamentals are light for the EuroZone. In USA we have TIC Long-Trem Purchases, NAHB Housing Market Index report releases. And FOMC member Evans, Treasury Sec. Geither speaking which should move the EUR-USD pair.
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  • #110,211
  • Jun 15, 2009 12:22am Jun 15, 2009 12:22am
Quoting gatorinla
i dont know what your style is but i would not give too much back.. maybe move sl to 3975 0r 3987... if it passes below 3928 where it may bounce .. keep moving tp down to next level..id shoot for 3831 then 3800 ish then 3793...


fixed it.. long night..
ok
those who can, do. those who cant, talk about those who can
  • #110,212
  • Jun 15, 2009 12:22am Jun 15, 2009 12:22am
Yes, it's nice to be in the green, but I've been in the red 180 pips before too, and then some.

Gator, I think I mentioned this before...I swing trade daily, but will scalp hours and 15m when I'm bored.

I don't have any SL on right now, and I was thinking of just letting it ride down. According to my charts, my worst case scenario is a bounce back up to 1.413xx. Below 1.3856 I see 1.3780/1.3746. But I agree with some, I'm watching oil big time, especially with my USD/CAD trade.
Si vis pacem, para bellum.
  • #110,213
  • Jun 15, 2009 12:26am Jun 15, 2009 12:26am
Quoting Duce
Yes, it's nice to be in the green, but I've been in the red 180 pips before too, and then some.

Gator, I think I mentioned this before...I swing trade daily, but will scalp hours and 15m when I'm bored.

I don't have any SL on right now, and I was thinking of just letting it ride down. According to my charts, my worst case scenario is a bounce back up to 1.413xx. Below 1.3856 I see 1.3780/1.3746. But I agree with some, I'm watching oil big time, especially with my USD/CAD trade.
oww owww owwwww!!!!!!!
  • #110,214
  • Jun 15, 2009 12:26am Jun 15, 2009 12:26am
Quoting Jasper
...............1.3930, anyone else see it that way?
think take [email protected]~10, from 1m,5m,30m, 1H chart.
  • #110,215
  • Jun 15, 2009 12:27am Jun 15, 2009 12:27am
Quoting Duce
Yes, it's nice to be in the green, but I've been in the red 180 pips before too, and then some.

Gator, I think I mentioned this before...I swing trade daily, but will scalp hours and 15m when I'm bored.

I don't have any SL on right now, and I was thinking of just letting it ride down. According to my charts, my worst case scenario is a bounce back up to 1.413xx. Below 1.3856 I see 1.3780/1.3746. But I agree with some, I'm watching oil big time, especially with my USD/CAD trade.
dont give it back.. if it bounces that high you will have other chances to re-enter.. there is always another trade.. wait your time.. dont rush it.. ambush it on your terms.. you will miss trades..so what.. dont chase the trade. let it come to you..
those who can, do. those who cant, talk about those who can
  • #110,216
  • Jun 15, 2009 12:28am Jun 15, 2009 12:28am
3893....
  • #110,217
  • Jun 15, 2009 12:29am Jun 15, 2009 12:29am
I placed my trade June 4th. Yes, there has been a lot of 'ouch' along the way, but as bad of shape the US is in, the Euro Zone is in denial. I see some unavoidable pain for the EUR. Just my 2 cents.
Si vis pacem, para bellum.
  • #110,218
  • Edited 12:45am Jun 15, 2009 12:30am | Edited 12:45am
I think the sellers are going for 3907 or lower. The impulse waves have transfered to the downside on the daily and hourly charts. It looks like they are going for the 50% daily fibo @ 1.38794.
A. Finesse Williams Making Millions One Pip At A Time!
  • #110,219
  • Jun 15, 2009 12:32am Jun 15, 2009 12:32am
closed short @ 3934...will open new position after waiting for a while now
  • #110,220
  • Jun 15, 2009 12:33am Jun 15, 2009 12:33am
My neighbor in bumf*ck, Mississippi when I was growin up was Mr. Arthur G., a millionaire farmer, schoolteacher, and Korean war veteran. Whenever the coversation turned to politics overseas, he basically only had one thing to say:

"Nuke 'em."

Commies in Nicaragua? "Nuke 'em." Arabs chargin too much for oil? "Nuke 'em." Mr. Arthur will probly like a stronger dollar these days....
"If The Fool persists in his Folly he will become wise." - William Blake
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