Really scary calling a top with all that momentum, but I am trying to see if this breathe over the ten year break down is real, if it is and I can call a top-ish in this area I would like to keep this trade on for a year, first time going for a position this long...scary!
- #145,963
- Sep 24, 2009 5:35am Sep 24, 2009 5:35am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #145,964
- Sep 24, 2009 5:56am Sep 24, 2009 5:56am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
USDX 4 Hour Chart
Bank of Scotland's Daily Market Strategy
Safe trades
Bank of Scotland's Daily Market Strategy
Safe trades
Nothing worth having is easy.
- #145,965
- Sep 24, 2009 6:10am Sep 24, 2009 6:10am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #145,966
- Sep 24, 2009 6:15am Sep 24, 2009 6:15am
- | Membership Revoked | Joined May 2008 | 1,027 Posts
- #145,969
- Sep 24, 2009 6:21am Sep 24, 2009 6:21am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
realjumper
We are still in the position of the channel upward 1.4755 - which gives the opportunity to continue growth. just as we go below 1.4640 - we can talk about drops
Doing what you like is Freedom. Liking what you do is Happiness.
- #145,970
- Sep 24, 2009 6:23am Sep 24, 2009 6:23am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
It is my strong feeling that the uptrend is not over yet. I am pretty much convinced that we shall see at least 1.49xx and probably overshoot 1.5 befor the trend reversal. This explains perfectly the yesterdays up spike, the following sell of and the consequtive resumption of the uptrend.
I played the first two nicely and now follow the third forecast and I REALLY like the up channel I see a wall through 3 points to the pip usually means this is a pretty strong bias.
The paln for today is to add longs if it drops to 1.4748, put a short hedge at 1.4830 close the hedge at 1.4782 and than enjoy the ride to 1.492
The plan is NICE all i have to do is to see if the reality lives up it
GL
I played the first two nicely and now follow the third forecast and I REALLY like the up channel I see
a wall through 3 points to the pip usually means this is a pretty strong bias.The paln for today is to add longs if it drops to 1.4748, put a short hedge at 1.4830 close the hedge at 1.4782 and than enjoy the ride to 1.492
The plan is NICE all i have to do is to see if the reality lives up it
GL
Riding the Dragon....
- #145,977
- Sep 24, 2009 7:38am Sep 24, 2009 7:38am
- Joined Feb 2006 | Status: Spartan Attitude | 1,500 Posts
In Charts We Trust!
