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  • #133,141
  • Aug 19, 2009 2:51pm Aug 19, 2009 2:51pm
Yuchen , hold on to your short should pay out nicely in next couple of days. If we break 1.33 then you should consider closing it but other then that hold on to it
  • #133,142
  • Aug 19, 2009 2:57pm Aug 19, 2009 2:57pm
Quoting vinesh2
Yuchen , hold on to your short should pay out nicely in next couple of days. If we break 1.33 then you should consider closing it but other then that hold on to it
Thank you, I set a 100 pips stop at 1.4360 and I will wait to see if it will break 1.4000 in the future.
  • #133,143
  • Aug 19, 2009 3:01pm Aug 19, 2009 3:01pm
Good risk to reward ratio Yuchen
  • #133,144
  • Aug 19, 2009 3:02pm Aug 19, 2009 3:02pm
Quoting vinesh2
Yuchen , hold on to your short should pay out nicely in next couple of days. If we break 1.33 then you should consider closing it but other then that hold on to it
Hi to all,

First time i came to EU section. I'm short EU 1.4233. Don't you think that 1.33 is very far target and shows that US economy is very bad. News of today and days before indicates a better US health. Could you explain, if possible, how did you establish that target? Thanks.
If you resist at heart attack, you will be rich from trading.
  • #133,145
  • Aug 19, 2009 3:05pm Aug 19, 2009 3:05pm
my euro analyze for next 2 days, if dont break my blue trendline
good luck everyone as bears as bulls

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  • #133,146
  • Aug 19, 2009 3:06pm Aug 19, 2009 3:06pm
my view......
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  • #133,147
  • Aug 19, 2009 3:08pm Aug 19, 2009 3:08pm
Quoting Yuchen
Thank you, I set a 100 pips stop at 1.4360 and I will wait to see if it will break 1.4000 in the future.
But you are already in profit why don't you trail and save yourself stress?
  • #133,148
  • Aug 19, 2009 3:17pm Aug 19, 2009 3:17pm
i made a pip after expence... as much as i would like to i cant short this pair now... bull flag on eu/bear on usdx are the reason
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those who can, do. those who cant, talk about those who can
  • #133,149
  • Aug 19, 2009 3:21pm Aug 19, 2009 3:21pm
Dow Jones advanced and it caused EURUSD to come up, but it should be a correction and we should have soon a market for USD(At least my trendlines show that, consider they could be broken nothing in market is 100%).
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  • #133,150
  • Aug 19, 2009 3:24pm Aug 19, 2009 3:24pm
Quoting gatorinla
i made a pip after expence... as much as i would like to i cant short this pair now... bull flag on eu/bear on usdx are the reason
Don't worry I'll take profit for you
see you at 4100
ROBOT FOREX
  • #133,151
  • Aug 19, 2009 3:26pm Aug 19, 2009 3:26pm
Ilovefx i don't pay too much attention to news. I trade the charts and 1.33 is a significant resistance level. If we break then most likely we will go to 1.44 and higher. US economy is bad yes but $ is still safe heaven and if ppl see US economy bad they will take money out from equties and put it to safe areas like USD.
  • #133,152
  • Aug 19, 2009 3:27pm Aug 19, 2009 3:27pm
Quoting Forbes55
Don't worry I'll take profit for you
see you at 4100

Forbes55...

what makes you think it will go to 4100?

thanks.
  • #133,153
  • Aug 19, 2009 3:34pm Aug 19, 2009 3:34pm
up over 10% taking a break.. not giving it back...ill wait for direction.. if flag is still there in 4 hrs i may short..
those who can, do. those who cant, talk about those who can
  • #133,154
  • Aug 19, 2009 3:36pm Aug 19, 2009 3:36pm
Quoting Forbes55
Don't worry I'll take profit for you
see you at 4100
mine is in my account..
those who can, do. those who cant, talk about those who can
  • #133,155
  • Aug 19, 2009 3:37pm Aug 19, 2009 3:37pm
Yep, difficult time to go long or short. These trading hours have low volality and can generate a bull flag just because all is going so slow. I hope we go to 1.43 (not more) I still have a long hanging there

Quoting gatorinla
up over 10% taking a break.. not giving it back...ill wait for direction.. if flag is still there in 4 hrs i may short..
Close your eyes when you feel you are going under.
  • #133,156
  • Aug 19, 2009 3:39pm Aug 19, 2009 3:39pm
Quoting gatorinla
up over 10% taking a break.. not giving it back...ill wait for direction.. if flag is still there in 4 hrs i may short..
I'm with you homes, I shorted a bunch from .4264, had a stranded short way down yonder I hoped to rescue. But I closed them all out around .4230 & will see about the bull flag breakout.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #133,157
  • Aug 19, 2009 3:41pm Aug 19, 2009 3:41pm
http://www.zerohedge.com/article/anx...pai-gow-gamers

todays summary ;P

i give up on logic, off with the herd
  • #133,158
  • Aug 19, 2009 3:49pm Aug 19, 2009 3:49pm
I got some easy pips today because Gold sky rocketing and EURUSD was lagging behind. I've entered a long EURUSD position, and after some M5 candles EUR/USD went north as well. That was easy... A pity I was at work and did set a TP, could have been much more... But no complaints.
At the moment Gold is ranging a bit, and is not going slightly southwards like EURUSD, so I'm waiting to short EURUSD. It's not very clear for me.
Close your eyes when you feel you are going under.
  • #133,159
  • Aug 19, 2009 4:02pm Aug 19, 2009 4:02pm
Hi guys,

It has been a hell of a day but good one for me. Last trade of the day is short at 4240. Being the scraper i am, hate to lose a positive trade so set my SL at BE+1, TP open. Hopefully will wake up to see a 41 next morning.

Going to bed now and good luck to those still in it. Nite!
  • #133,160
  • Aug 19, 2009 4:12pm Aug 19, 2009 4:12pm
Quoting Nick35
my view......

Couldn't agree more. Was just about to post that descending channel
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