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EURUSD

  • #124,501
  • Jul 23, 2009 5:03am Jul 23, 2009 5:03am
Quoting orangeRANGE
...YOUR ENTRY @?
Quoting toshi
Am now committed to a small short around 4255.
Entered right around the European open. Stop at BE +5
  • #124,502
  • Jul 23, 2009 5:06am Jul 23, 2009 5:06am
Quoting toshi
Entered right around the European open. Stop at BE +5
Very nice...way to go....
  • #124,503
  • Jul 23, 2009 5:10am Jul 23, 2009 5:10am
Quoting trading801
koala is almost flipping.......... come on dont let me down
Can't quite get that parallel groove thing going on yet.

We're always learning as we go. If this setup repeats in the future,
and they always do, could be worth remembering how your system handles these.
I'm sure you've got a library of Koala setups already, but this one looks common.
I'd give them technical sounding names like R2D2 and C3PO.
You know, something original.
Attached Image (click to enlarge)
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  • #124,504
  • Jul 23, 2009 5:17am Jul 23, 2009 5:17am
Quoting orangeRANGE
Very nice...way to go....
Thank you thank you....

I actually want to hold this one if possible, but need to see how the price reacts at the Daily PP.

If it gets bullish, I could consider locking in a few more pips and moving the stop down.

But, I really want to see a breach of the 4200 handle for any sign of the onset of serious weakness.
You know, real selling. with news due out in a shot while, it could be worth 50 to 100 pips.

Same goes for 4300. Needs something decisive with real volume. The week is getting close to end.

Either way, I go FLAT on Friday at noon eastern, whether it's one pip or hundreds.
  • #124,505
  • Jul 23, 2009 5:19am Jul 23, 2009 5:19am
Quoting trading801
koala is almost flipping.......... come on dont let me down
hehe come down
  • #124,506
  • Jul 23, 2009 5:23am Jul 23, 2009 5:23am
Quoting Jm4x
This was a good Zappa?
So was Movin' to Montana.

I remember it:

"...I'm gonna find me a horse
Just about this big
And ride him all along the border line

Raisin' my lonely Dental Floss....

Gonna be a Dental Floss Tycoon.."

And stuff like that...


Zappa was a trip
  • #124,507
  • Jul 23, 2009 5:24am Jul 23, 2009 5:24am
Here is 1.4218 again, the most traded level of the week...
Getting it right is NOT as important as not getting it wrong.
  • #124,508
  • Jul 23, 2009 5:26am Jul 23, 2009 5:26am
Quoting toshi
Thank you thank you....

I actually want to hold this one if possible, but need to see how the price reacts at the Daily PP.

If it gets bullish, I could consider locking in a few more pips and moving the stop down.

But, I really want to see a breach of the 4200 handle for any sign of the onset of serious weakness.
You know, real selling. with news due out in a shot while, it could be worth 50 to 100 pips.

Same goes for 4300. Needs something decisive with real volume. The week is getting close to end.

Either way, I go FLAT on Friday at noon...
You are welcome.

As per my H4 chart, 21EMA is quite a strong support lately. If the price manage to break below ellipse area, that's the real deal for you...that's for sure...
Attached Image (click to enlarge)
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  • #124,509
  • Jul 23, 2009 5:27am Jul 23, 2009 5:27am
Quoting toshi
But, I really want to see a breach of the 4200 handle for any sign of the onset of serious weakness.
You know, real selling. with news due out in a shot while, it could be worth 50 to 100 pips.
I'm with you this time. There's something cookin'. Stock markets stall, Dollar will gain heavily the next days - maybe for the last time.

Expectations for the Euro till the year end goes down to 1.2850. I don't expect prices below 1.30 again but at least a test of the 1.37/38 support.
  • #124,510
  • Jul 23, 2009 5:32am Jul 23, 2009 5:32am
Quoting Xaron
I don't expect prices below 1.30 again but at least a test of the 1.37/38 support.
I agree with this. It is nearby 365EMA of my D1.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 48 KB
  • #124,511
  • Jul 23, 2009 5:32am Jul 23, 2009 5:32am
Quoting Xaron
I'm with you this time. There's something cookin'. Stock markets stall, Dollar will gain heavily the next days - maybe for the last time.

Expectations for the Euro till the year end goes down to 1.2850. I don't expect prices below 1.30 again but at least a test of the 1.37/38 support.
Let's make some pips then !!!
  • #124,512
  • Jul 23, 2009 5:36am Jul 23, 2009 5:36am
Quoting Xaron
I'm with you this time. There's something cookin'. Stock markets stall, Dollar will gain heavily the next days - maybe for the last time.

Expectations for the Euro till the year end goes down to 1.2850. I don't expect prices below 1.30 again but at least a test of the 1.37/38 support.

Thank you Xaron,

But I still think USD is ruined and worthless now and should be dumped to Hell

Then EUR will go up and up

TKS
  • #124,513
  • Jul 23, 2009 5:37am Jul 23, 2009 5:37am
Quoting Beacon
Have initiated a small short at 1.4231 to position for the US Unemployment data.
Possible double top on hourly chart forming. Entered another short at 1.4210.
  • #124,514
  • Jul 23, 2009 5:40am Jul 23, 2009 5:40am
Quoting Beacon
Possible double top on hourly chart forming. Entered another short at 1.4210.

You just sold the daily pivot.

I see a small bounce in here.

After the bounce, then I'd sell.

But at least you won't miss the money shot.

I was prepared for some draw down too.
If you've got control of your risk levels, there's no worry.
Attached Image (click to enlarge)
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  • #124,515
  • Jul 23, 2009 5:43am Jul 23, 2009 5:43am
Quoting learntowin
Thank you Xaron,

But I still think USD is ruined and worthless now and should be dumped to Hell

Then EUR will go up and up

TKS
That's the long term story, yes. But we are here to make some money. And the way I see it that the US will recover first. That will light some fire under the USD because rate hike expectations will pop up and blur the debts problems for a while (maybe till the end of year / first half of 2010).

Plus the Dollar has still this risk aversion benefit status. This might change again but is currently still valid. Just ask yourself the simple question if you would buy stocks right now after those multiple days gain without any retracement? Who would buy right now where everything possible positive scenario is priced in and only a small bad news might send this back to hell...
  • #124,516
  • Jul 23, 2009 5:44am Jul 23, 2009 5:44am
Quoting gatorinla
4249 holding .. time will tell.. just in case 64 and 81 should be ok with neutral news..but any euro positive news and we move... if nothing else happens this week, next week i think we slide down.. maybe sooner with dollar possitive news.. on earnings alone we should be higher then we are.. but there is a lot of skys falling gloom.. still holding a short longer term.. and scalping.
oh well....64 got it
those who can, do. those who cant, talk about those who can
  • #124,517
  • Jul 23, 2009 5:45am Jul 23, 2009 5:45am
My targets:
EUR/USD: 1.4080
AUD/USD: 0.8000
USD/CAD: 1.1100
GBP/JPY: 152.50
  • #124,518
  • Jul 23, 2009 5:48am Jul 23, 2009 5:48am
Quoting gatorinla
oh well....64 got it
You 'da man, gator !
  • #124,519
  • Jul 23, 2009 5:51am Jul 23, 2009 5:51am
Quoting Beacon
Possible double top on hourly chart forming. Entered another short at 1.4210.
Geeez, not much of a bounce. I guess it's weaker that I thought.

Well I'll give it few more minutes, else that's just what I wanted to see.

How was the action at the daily pivot ? And the answer is: it looks weak.
Attached Image (click to enlarge)
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  • #124,520
  • Jul 23, 2009 5:53am Jul 23, 2009 5:53am
So here we are back at the daily pivot again. 14 hours of this is enough for me.....time to sleep. Good luck to all for the US session
Doing what you like is Freedom. Liking what you do is Happiness.
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