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  • #135,261
  • Aug 26, 2009 9:58am Aug 26, 2009 9:58am
Quoting Hasnaa
Till 61.8 line in picture.
84993?
  • #135,262
  • Aug 26, 2009 9:59am Aug 26, 2009 9:59am
usdx... just hung up a little on resistance.. equitys up... commodities down..what one will win? my money is on commodities lower..
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those who can, do. those who cant, talk about those who can
  • #135,263
  • Aug 26, 2009 10:03am Aug 26, 2009 10:03am
Quoting TheLastCoke
What is your TP?
1.4500 longer term. Today I'm looking for above 1.4300
  • #135,264
  • Aug 26, 2009 10:03am Aug 26, 2009 10:03am
Quoting michiyo
i ve been short frm 4340 targeting 4070 and i need a good enough reason to exit my short position. thanx
Hi michiyo

A very good trade. You are already doing well on your trade.

.
  • #135,265
  • Aug 26, 2009 10:03am Aug 26, 2009 10:03am
Gator its possible that they are getting ready to shoot this thing up after GDP numbers tomorrow. Its probably good so they are tanking this so that they can buy it cheaper.
  • #135,266
  • Aug 26, 2009 10:04am Aug 26, 2009 10:04am
Quoting michiyo
please HASNAA, can u please explain y u are insisting on long positions? Oil is down, there is good news for the usd and better still my 4h trend line has just been broken to the down side. i ve been short frm 4340 targeting 4070 and i need a good enough reason to exit my short position. thanx
oil near 70.. so we may bounce.. then come back
those who can, do. those who cant, talk about those who can
  • #135,267
  • Aug 26, 2009 10:04am Aug 26, 2009 10:04am
IMHO!!
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  • #135,268
  • Aug 26, 2009 10:08am Aug 26, 2009 10:08am
Quoting jacko
Hi michiyo

A very good trade. You are already doing well on your trade.

.
Hi michiyo

Also always look at the 50% Fib for the initial target, as it will mostly rebound. The latest 50% Fib on the 4H chart was 1.4048 (on Aug 17) to 1.4375 (on Aug 21) = 1.4211.
Now go and have a look at where the market just bounced.... 1.4213
  • #135,269
  • Aug 26, 2009 10:08am Aug 26, 2009 10:08am
Quoting Atlast
1.4500 longer term. Today I'm looking for above 1.4300
Today???

How??

  • #135,270
  • Aug 26, 2009 10:13am Aug 26, 2009 10:13am
Quoting Atlast
1.4500 longer term. Today I'm looking for above 1.4300
Whats your SL. Hovering on the brink here and have to go to bed, dont want to get SLed.
  • #135,271
  • Aug 26, 2009 10:20am Aug 26, 2009 10:20am
Quoting hellkkas
Today???

How??

By the big banks picking up a bargain on logic prevailing. Great news from Eurozone, good news out of US, risk appetite should be the order of the day, but it isn't, the market has approached longer term support on the drop, I don't need any other reason to go long, and my chart says it is big day, which it has been so far, though to the downside. Let's see how it ends today. If I am wrong I will take my loss.
  • #135,272
  • Aug 26, 2009 10:22am Aug 26, 2009 10:22am
IMHO, it will hit 1.4150 in this week before jump high again
  • #135,273
  • Aug 26, 2009 10:23am Aug 26, 2009 10:23am
Quoting vinesh2
Gator its possible that they are getting ready to shoot this thing up after GDP numbers tomorrow. Its probably good so they are tanking this so that they can buy it cheaper.
i guess thats possible .. but i dont have a couple hundred billion to move market. it would be much easier to do it through oil.. by having a terrorist blow up a pipeline.. or a big oil company just saying it..even it it didnt happen..

a friend of mine works in oil industy.. he wasnt there when incident happend but he had to install a wall in front a exit door on a construction trailor. constuction trailor was for a pipline being built. they keep a fence around the workers as pipeline is being built. anyway my buddy was going to this sight on plane after his month break... in airports on the way the news was talking about a pipeline attack.. little did he know it was the pipeline and same job he was on..so when he got to the work sight the attack on the piplene was a native threw a spear and hit the guy standing on the porch of the construction trailor. in the chest and yes he lived.. so buddy built a wall to prevent this.. meanwhile oil went up 10$... and i dont know how much it affected currency... but i would dare to say it was a trillian dollar spear not a novelty. the oil companys never told you this.. all we heard was a pipeline was attacked... a pipeline not even online..this is how you move currency..

hey the guy lives near you in jeferson court..
those who can, do. those who cant, talk about those who can
  • #135,274
  • Aug 26, 2009 10:23am Aug 26, 2009 10:23am
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currently smack on a rising TL although there is even stronger support around 1.41 area.

imo overall trend is still up (at least for now) but we might be in the middle of a major reversal
Some drink at the fountain of knowledge. Others just gargle !
  • #135,275
  • Aug 26, 2009 10:23am Aug 26, 2009 10:23am
come on baby! lets go down baby! thats what i m talking about!
  • #135,276
  • Aug 26, 2009 10:24am Aug 26, 2009 10:24am
Quoting Atlast
By the big banks picking up a bargain on logic prevailing. Great news from Eurozone, good news out of US, risk appetite should be the order of the day, but it isn't, the market has approached longer term support on the drop, I don't need any other reason to go long, and my chart says it is big day, which it has been so far, though to the downside. Let's see how it ends today. If I am wrong I will take my loss.
Thank you for your explanation.
But I don't think that goes up 100 pips today!!
  • #135,277
  • Edited 10:28am Aug 26, 2009 10:25am | Edited 10:28am
Quoting discohero
Whats your SL. Hovering on the brink here and have to go to bed, dont want to get SLed.
Check your 4 hour chart. I posted earlier chart where you will see an upsloping trendline. Like I said, I'm trading this one longer (intermediate term). Don't for your own good, stay in a trade if it breaks your SL. I have 1.4070 (EDIT: 1.4170) as get out point, and I'm not adding on the way down only on the way up, when it comes.
  • #135,278
  • Aug 26, 2009 10:28am Aug 26, 2009 10:28am
4235/40 could be now a minor resistance..

3 attempts failed

We'll see if break..
  • #135,279
  • Aug 26, 2009 10:31am Aug 26, 2009 10:31am
Quoting jacko
Hi michiyo

Also always look at the 50% Fib for the initial target, as it will mostly rebound.
The latest 50% Fib on the 4H chart was 1.4048 (on Aug 17) to 1.4375 (on Aug 21) = 1.4211.
Now go and have a look at where the market just bounced.... 1.4213

You are correct, sir.
As you well know, this ain't rocket science... and when it's close enough for govt work, we go with it...

Looks like a little bounce is due....somewhere in the next few pips.
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  • #135,280
  • Aug 26, 2009 10:33am Aug 26, 2009 10:33am
Could see a further drop if it closes below.. thoughts?
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