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  • #119,921
  • Jul 9, 2009 6:42am Jul 9, 2009 6:42am
Quoting notch
That level just doesn't look good to me. Considering the PA since the 1st of the month, the price to 1 hour TL configuation and the HUGE MP magnet at 3644 then I can't see it holding. I could be wrong but it looks like the price wants to goto 3645...maybe not today but we'll see.
Have you seen GU. It broke out of its channel decisively and heading towards 1.6400. This is the driving force of the EU today.
  • #119,922
  • Jul 9, 2009 6:48am Jul 9, 2009 6:48am
Quoting Atlast
Have you seen GU. It broke out of its channel decisively and heading towards 1.6400. This is the driving force of the EU today.

I'm on shaky ground here because I usually (>80%) take note of GU direction but I'm also aware that the correlation between the pairs can break down at the time of GBP specific news (even if the news was as expected).

But if I'm fortunate enough to see a drop to 3934ish then I'll move stop to BE. If my stop is hit then it is just the expense of trading.
  • #119,923
  • Jul 9, 2009 6:49am Jul 9, 2009 6:49am
Quoting Atlast
Have you seen GU. It broke out of its channel decisively and heading towards 1.6400. This is the driving force of the EU today.

Hmmm....

The cost of doing business.
  • #119,924
  • Jul 9, 2009 6:50am Jul 9, 2009 6:50am
yea~~~~~
  • #119,925
  • Jul 9, 2009 6:51am Jul 9, 2009 6:51am
stay on target, stay on target lol
  • #119,926
  • Jul 9, 2009 6:53am Jul 9, 2009 6:53am
R2 1.3989. When that gets hit you can then start to see a retrace.

"Yesterday’s arrest of four Rio Tinto employees including an Australian national by Chinese officials as the parties negotiate a steel price dispute further undermines the notion of rule of law and weakens any serious consideration of the yuan as an alternative store of value. The latest political developments in China, therefore, are likely to temper any speculation regarding the dollar’s reserve currency status for the time being and should prove supportive to the buck as the summit progresses."-fx360.com
  • #119,927
  • Jul 9, 2009 6:53am Jul 9, 2009 6:53am
the euro is likely to go up initially. if you must be short. Short from much higher
Attached Image (click to enlarge)
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If you think you can or cannot do it you are correct
  • #119,928
  • Jul 9, 2009 6:54am Jul 9, 2009 6:54am
BANG!

This bear is dead
Greed and impatience are our greatest enemies.
  • #119,929
  • Jul 9, 2009 6:55am Jul 9, 2009 6:55am
Quoting MrTrendy
stay on target, stay on target lol

Nah! I'm out and waiting for the next signal.
  • #119,930
  • Jul 9, 2009 6:56am Jul 9, 2009 6:56am
Quoting Rabax
BANG!

This bear is dead
and the lesson is - trading Ldn lunch time is not wise!!!!
  • #119,931
  • Jul 9, 2009 6:58am Jul 9, 2009 6:58am
Quoting notch
Nah! I'm out and waiting for the next signal.
me too mate, got out on Volty break....US after news is the way forward....
  • #119,932
  • Jul 9, 2009 6:58am Jul 9, 2009 6:58am
We have breakout to the upside...
If you think you can or cannot do it you are correct
  • #119,933
  • Jul 9, 2009 6:58am Jul 9, 2009 6:58am
I'm out, too. My SL was 10pips.

But, maybe later (today) we can see 393x.
  • #119,934
  • Jul 9, 2009 6:59am Jul 9, 2009 6:59am
Quoting MrTrendy
and the lesson is - trading Ldn lunch time is not wise!!!!

MAybe...it's just a setup...it either works or it doesn't. I'll just wait for the next one.

AtLast...
  • #119,935
  • Jul 9, 2009 7:00am Jul 9, 2009 7:00am
Quoting Std-uk
yea~~~~~
congratulations

New Short Add : 1,3989
  • #119,936
  • Jul 9, 2009 7:00am Jul 9, 2009 7:00am
Quoting Rabax
BANG!

This bear is dead
Well, they had a darn good run and they're lying in wait up ahead.
  • #119,937
  • Jul 9, 2009 7:01am Jul 9, 2009 7:01am
Quoting Atlast
Have you seen GU. It broke out of its channel decisively and heading towards 1.6400. This is the driving force of the EU today.

I still expect a sell off. If the price continues up I'll have to call it a day due to being out of synch.
  • #119,938
  • Jul 9, 2009 7:02am Jul 9, 2009 7:02am
There is money to be made in this action, but it's a coin toss. Maybe jobless claims will be hyped for bull, maybe not.
  • #119,939
  • Jul 9, 2009 7:02am Jul 9, 2009 7:02am
The magic of the round numbers may play out. Lots of foolish folks have their stops placed there.
  • #119,940
  • Jul 9, 2009 7:04am Jul 9, 2009 7:04am
Quoting Atlast
The magic of the round numbers may play out. Lots of foolish folks have their stops placed there.
I'm fool
"I will walk before they make me run" K.Richards
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