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  • #12,621
  • Jul 15, 2009 11:00am Jul 15, 2009 11:00am
Quoting Siam
Bad day today.
Stp taken right out.
Quoting Shermenator
Alright I got hit on my stops .....
$ has become weak on the $-crosses.
jpy crosses moving up.
USDX also broke below a triangle/trendline starting around june2'09.

Anyway, next trade..
  • #12,622
  • Jul 15, 2009 11:05am Jul 15, 2009 11:05am
Quoting chazlanning
Any takers??
Quoting supremeChaos
Greetings,
I have an eye on this since july10 (i have been expecting it to stall around this area).
i'll probably wait for further weakness, before i take this.
just mho.
chazlanning,
with the current price, i hope u get what i meant in my above post.

i saw 93.50, 94 & 94.50 as possible immediate resistance, as seen here in my July12 post (dodger blue horizontal lines).
Hope this helps
  • #12,623
  • Jul 15, 2009 11:34am Jul 15, 2009 11:34am
interesting area if your short usdjpy..76% on the big selling bar , sometimes pulls back(DAILY CHART)
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.gif Size: 16 KB
  • #12,624
  • Jul 15, 2009 11:43am Jul 15, 2009 11:43am
Quoting booker66
interesting area if your short usdjpy..76% on the big selling bar , sometimes pulls back(DAILY CHART)
Attachment
I am short on this pair from 94.00, stop at 94.30. Looks like I was a little early on my entry, but time to see how it plays out!
  • #12,625
  • Jul 15, 2009 11:45am Jul 15, 2009 11:45am
EURJPY same pattern as above, happens a lot..? thanks sam for uploading advice !
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.gif Size: 16 KB
  • #12,626
  • Jul 15, 2009 11:54am Jul 15, 2009 11:54am
Quoting vijay s.
I am short on this pair from 94.00, stop at 94.30. Looks like I was a little early on my entry, but time to see how it plays out!
Stopped out. A bit aggressive on this one, but no worries, onto finding the next setup!
  • #12,627
  • Jul 15, 2009 12:08pm Jul 15, 2009 12:08pm
vijay s.
see my post above.
jpy crosses are moving up. no need to drop a parachute over a just-launched rocket, or go head-on with a moving train. if u have time to monitor the charts/trends, u can't simply enter a S/R area, as S/R's either hold or it doesn't.
more careful next time.
  • #12,628
  • Jul 15, 2009 12:20pm Jul 15, 2009 12:20pm
short AUD/USD from .8042, anybody else on this?
  • #12,629
  • Jul 15, 2009 12:24pm Jul 15, 2009 12:24pm
Quoting booker66
EURJPY same pattern as above, happens a lot..? thanks sam for uploading advice !
Attachment
Glad to see the charts, no prob Booker.
  • #12,630
  • Jul 15, 2009 12:41pm Jul 15, 2009 12:41pm
Eur/ Jpy seems busting all resistance levels. It is closing on 1.357-1.364 level. This one looks like complete non brainer. but I am having second thoughts. i shorted pair few times today but only scalped some profits but it keeps moving slowly up. It is the worst trend to contratrade, when it moves like this slowly. So, it all started looking too risky to me.
What consensus thnks?
  • #12,631
  • Jul 15, 2009 12:45pm Jul 15, 2009 12:45pm
Next level is 1.387 looks like non brainer too.
  • #12,632
  • Jul 15, 2009 12:56pm Jul 15, 2009 12:56pm
tell you want I think of today - its time to go home and rest and wait for better set ups tomorrow.
got blown up all over the place with stops getting hit left right and centre.
  • #12,633
  • Jul 15, 2009 12:57pm Jul 15, 2009 12:57pm
Caution for awhile now. FOMC minutes about to be released. Could cause some volatility which some people see a the brokers going stop hunting. Nothing of the sort, of course, but s**t does happen around this kind of news event.

SR
  • #12,634
  • Jul 15, 2009 1:06pm Jul 15, 2009 1:06pm
If we can see a continued upwards movement on the EUR/USD, 1.407 may be a nice place to long for a bounce/continuation of the move up. However, I would really like to see a good 80-100 point move up and then retrace...the EUR needs to continue up to validate this.

http://img512.imageshack.us/img512/7269/eu14070.th.png
  • #12,635
  • Jul 15, 2009 1:15pm Jul 15, 2009 1:15pm
Quoting sam0182
If we can see a continued upwards movement on the EUR/USD, 1.407 may be a nice place to long for a bounce/continuation of the move up. However, I would really like to see a good 80-100 point move up and then retrace...the EUR needs to continue up to validate this.
Wash your mouth out, Sam. I am short on the Gartley. http://www.forexfactory.com/images/icons/icon10.gif

SR
  • #12,636
  • Jul 15, 2009 1:17pm Jul 15, 2009 1:17pm
Quoting seattlerust
Wash your mouth out, Sam. I am short on the Gartley. http://www.forexfactory.com/images/icons/icon10.gif

SR
My mistake, I'll have the EUR/USD diving shortly, per your/Gartley's request.

  • #12,637
  • Jul 15, 2009 1:20pm Jul 15, 2009 1:20pm
Thank you, kind Sir!

SR
  • #12,638
  • Jul 15, 2009 1:41pm Jul 15, 2009 1:41pm
sam0182, seattlerust,
lol
  • #12,639
  • Jul 15, 2009 2:16pm Jul 15, 2009 2:16pm
Im game if it pullsback sam... its just broke the 76% on the daily if it carries on im looking at 142.00 level for resistance, it coincides with 76% retrace from 3rd june high and the eur seems to be sideways range at the moment, just my humble thoughts!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.gif Size: 13 KB
  • #12,640
  • Jul 15, 2009 4:57pm Jul 15, 2009 4:57pm
I'm actually quite glad to see a big trending day, I thought it would be a long time before we saw one of those again.
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