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EURUSD

  • #142,921
  • Sep 15, 2009 12:57pm Sep 15, 2009 12:57pm
Quoting nvcK
You get lucky or margin call.
When it comes to Forex you have a better chance of getting struck by lightning than having luck.
  • #142,922
  • Sep 15, 2009 12:58pm Sep 15, 2009 12:58pm
Quoting GulfCoastPip
I think you mean strengthen to 1.47+++++. We'll see 1.4750 before the end of the week.
yes strenthen lol. I love days where my profit targets are met.
  • #142,923
  • Sep 15, 2009 12:59pm Sep 15, 2009 12:59pm
Bernanke is out of touch with the people.

Re: http://www.google.com/hostednews/ap/...BqpdwD9ANSQ880

what a douche bag.
  • #142,924
  • Sep 15, 2009 1:01pm Sep 15, 2009 1:01pm
i trade NQ primarily, and while I've only recently added eur to the mix, I am stunned at 1.42 to 1.46 in, what, 7 or 8 trading days?! crazy September so far
----- Dragonfly out in the sun you know what I mean, don't you know
  • #142,925
  • Sep 15, 2009 1:05pm Sep 15, 2009 1:05pm
Market still following this track up. False break earlier below.
Attached Image
  • #142,926
  • Sep 15, 2009 1:09pm Sep 15, 2009 1:09pm
I guess Ben and Obama can destroy the dollar, as long as it is orderly......



mm
He who hesitates is hesitant....which always leads to bad entries.
  • #142,927
  • Sep 15, 2009 1:13pm Sep 15, 2009 1:13pm
wow we hit R1, s
  • #142,928
  • Sep 15, 2009 1:13pm Sep 15, 2009 1:13pm
Looking like a little retrace now. Possibly to 4660 or 4652. Then back up to 4687, again a small retrace then back up. Just my opinion.
  • #142,929
  • Sep 15, 2009 1:14pm Sep 15, 2009 1:14pm
Atlast,

I shorted this at 4675. I am wondering if you are saying there was a false Breakout to the downside or upside....

It appears the 4700 level may hold but if Price breaks thru it could go to 4800 or higher.....

How are you playing this PA?

Thanks
  • #142,930
  • Sep 15, 2009 1:16pm Sep 15, 2009 1:16pm
Quoting IMARICH1
Atlast,

I shorted this at 4675. I am wondering if you are saying there was a false Breakout to the downside or upside....

It appears the 4700 level may hold but if Price breaks thru it could go to 4800 or higher.....

How are you playing this PA?

Thanks
I'm not Atlast.....he's much better than myself. But here's my opinion....if you can BreakEven...breakeven. We're in an upward trend. We'll get some retracing where you may pick up 5 or even 10 pips, but why gamble it. Breakeven.....when you can...you'll get at least one chance.
  • #142,931
  • Sep 15, 2009 1:17pm Sep 15, 2009 1:17pm
The market can be irrational at times. You know what they say about extremes. I can only imagine it wants to get there as quick as it can so it can get down even quicker.
  • #142,932
  • Sep 15, 2009 1:21pm Sep 15, 2009 1:21pm
Quoting GulfCoastPip
I'm not Atlast.....he's much better than myself. But here's my opinion....if you can BreakEven...breakeven. We're in an upward trend. We'll get some retracing where you may pick up 5 or even 10 pips, but why gamble it. Breakeven.....when you can...you'll get at least one chance.
Agree with you on the breakeven.
I took a loss, but still up so far.
I see 1.4700 as good stop to scalp short. The breakout, big range occured on increased volume. That could mean a top is due soon. I wouldn't add to positions , rather there is a very good chance the market will retrace back to 1.4642, at least.
  • #142,933
  • Sep 15, 2009 1:21pm Sep 15, 2009 1:21pm
Quoting GulfCoastPip
I'm not Atlast.....he's much better than myself. But here's my opinion....if you can BreakEven...breakeven. We're in an upward trend. We'll get some retracing where you may pick up 5 or even 10 pips, but why gamble it. Breakeven.....when you can...you'll get at least one chance.
you are right,we are in uptrend,maybe agressive for short,but every trend has retracements,i am not pretty skilled,i only say my opinion
When two fight, third one laughs
  • #142,934
  • Sep 15, 2009 1:26pm Sep 15, 2009 1:26pm
Quoting hetzerr
you are right,we are in uptrend,maybe agressive for short,but every trend has retracements,i am not pretty skilled,i only say my opinion
An educated opinion is all any of us have. Some of us are dead on right, some are close, and others are way out in left field. That's what makes FF great, we have a place to share our opinions on the market.

That being said...nobody should take anyones opinion as advice. If you lose money without doing your own due diligence it's your own fault.

Smile.
  • #142,935
  • Sep 15, 2009 1:28pm Sep 15, 2009 1:28pm
Quoting GulfCoastPip
Looking like a little retrace now. Possibly to 4660 or 4652. Then back up to 4687, again a small retrace then back up. Just my opinion.
It's happening now...watch it.
  • #142,936
  • Sep 15, 2009 1:30pm Sep 15, 2009 1:30pm
Quoting IMARICH1
Atlast,

I shorted this at 4675. I am wondering if you are saying there was a false Breakout to the downside or upside....

It appears the 4700 level may hold but if Price breaks thru it could go to 4800 or higher.....

How are you playing this PA?

Thanks
Go ahead and breakeven or take the couple of positive pips. Get back in at a better time. Good luck.
  • #142,937
  • Sep 15, 2009 1:34pm Sep 15, 2009 1:34pm
still buying the retrace till 4930. aint no shorting this
  • #142,938
  • Sep 15, 2009 1:42pm Sep 15, 2009 1:42pm
I'm flat and out...for those still in....perhaps a few more pips down, then look north. I'll be back in a few hours. Gotta run.....have a few errands to run. Be back in approximate 2 or 3 hours.

The safest trade is....north.
  • #142,939
  • Sep 15, 2009 1:43pm Sep 15, 2009 1:43pm
Hi I am new to Forex intial 1 month made lot of money and then on lost almost all equity in this euro run...kept adding shorts on all highs met a lot of margin calls on the way....Now need some guidance...Is it good long enrty level now....Any correction expected....can we see 1.4150 taTS WER I STARTED SHORTS.....
  • #142,940
  • Sep 15, 2009 1:47pm Sep 15, 2009 1:47pm
now pullback is possible,i still go short..
When two fight, third one laughs
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