1.4400 graced
- #127,823
- Aug 3, 2009 9:27am Aug 3, 2009 9:27am
Shorted at .4393, let's hope for a big tasty retracement
Sold again at 1.4390. USDCHF hitting S1 and Gold hitting R1 and this pair is super overbought. I'll be holding this one a while.
cut losses short, let profits run.
- #127,827
- Aug 3, 2009 9:29am Aug 3, 2009 9:29am
Can someone explain: if the news were good for dollar, shouldn't it strenghten?
I see that construction spending numbers are in the green but that means more materials are imported and it is bought in foreign currency, same to manufacturing prices, and maybe automobile/vehicle sales since most of it come from japan and german companies. I hope you understand what i said.
- #127,829
- Aug 3, 2009 9:30am Aug 3, 2009 9:30am
- | Joined Aug 2006 | Status: Trader | 1,355 Posts
Getting it right is NOT as important as not getting it wrong.
- #127,833
- Aug 3, 2009 9:33am Aug 3, 2009 9:33am
Yes, but only if more people actually buy or convert currencies to the dollar.
I see that construction spending numbers are in the green but that means more materials are imported and it is bought in foreign currency, same to manufacturing prices, and maybe automobile/vehicle sales since most of it come from japan and german companies. I hope you understand what i said.
cut losses short, let profits run.
- #127,834
- Aug 3, 2009 9:34am Aug 3, 2009 9:34am
- | Joined Jun 2009 | Status: Trader | 1,944 Posts
Careful people, we're in daily breakout mode.
It's the start of the week and the start of the month.
Market could be establishing a monthly range higher, and 1.47xx is not impossible in the next 48-72 hours.
This could run away quite fast... Check your risks and MM.
Market will still be there tomorrow.
I was thinking 1.47.. in the possible target, last higher
"I will walk before they make me run" K.Richards 
- #127,835
- Aug 3, 2009 9:35am Aug 3, 2009 9:35am
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
Careful people, we're in daily breakout mode.
It's the start of the week and the start of the month.
Market could be establishing a monthly range higher, and 1.47xx is not impossible in the next 48-72 hours.
This could run away quite fast... Check your risks and MM.
Market will still be there tomorrow.
The daily range since the begining of June has well and truly been broken.
- #127,837
- Edited 9:56am Aug 3, 2009 9:40am | Edited 9:56am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
- #127,838
- Aug 3, 2009 9:44am Aug 3, 2009 9:44am
- | Joined Aug 2006 | Status: Trader | 1,355 Posts
If bulls have to lose control, they should first fail below 1.4355.
Above this level, I would not challenge the uptrend...
But that's just me
Above this level, I would not challenge the uptrend...
But that's just me
Getting it right is NOT as important as not getting it wrong.