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  • #166,361
  • Nov 26, 2009 11:00pm Nov 26, 2009 11:00pm
Quoting FX-Petra
Hey Driver,

I closed a small short from 5130 @ 1.5000, and have opened another small long @ 4930. Would like to add to that if we could dip to 4850, again to 4800. Below 4800 I would hold, and look to add again as we approach swing low at 4625. Target is 5125 for all. What are your thoughts?

Regards,
Hello FX-Petra,
premise that the market does what it wants,
in my vision, I believe that the market needs to fall at least to 4800( but better at 4680), to create them support.
This on daily basis obviously

PS: If we start again from here , makes no sense, why all financial institutions would not stop their long positions bought at the brakout 15060. To stop this guys , you need 4-5 figures
The best thing that can happen to you is to find out where you're wrong.
  • #166,362
  • Nov 26, 2009 11:18pm Nov 26, 2009 11:18pm
Quoting Driver55
Hello FX-Petra,
premise that the market does what it wants,
in my vision, I believe that the market needs to fall at least to 4800( but better at 4680), to create them support.
This on daily basis obviously

PS: If we start again from here , makes no sense, why all financial institutions would not stop their long positions bought at the brakout 15060. To stop this guys , you need 4-5 figures
I think we are in general agreement. I am buying 1/4 positions as described on the way down. I would buy 1/2 position near 4680 and one full postion near 4630. Good luck on your trades!!!!!
  • #166,363
  • Nov 26, 2009 11:18pm Nov 26, 2009 11:18pm
Quoting Driver55
Morning

Buongiorno mio amico preferito!
Not all sins are created equal
  • #166,364
  • Nov 26, 2009 11:31pm Nov 26, 2009 11:31pm
Quote
Why?

1 h is in oversold position. The last 3 candles analysis (1 H) show some stability.

I am not going against the long term trend by taking a long position..so i will keep this long position till i reach TP level.

TP is 1.51..lets see if it comes today or monday/next week.
  • #166,365
  • Nov 26, 2009 11:33pm Nov 26, 2009 11:33pm
anyone can tells me which trend eur/usd is going? preferred trend for next week
  • #166,366
  • Nov 26, 2009 11:35pm Nov 26, 2009 11:35pm
Quoting kingfisher
1 h is in oversold position. The last 3 candles analysis (1 H) show some stability.

I am not going against the long term trend by taking a long position..so i will keep this long position till i reach TP level.

TP is 1.51..lets see if it comes today or monday/next week.
Looks like you'll be holding that position over the weekend. Not that there's anything wrong with that.

Edit: P.S.: I'm long too
Not all sins are created equal
  • #166,367
  • Nov 26, 2009 11:40pm Nov 26, 2009 11:40pm
Quoting Jay Walker
Looks like you'll be holding that position over the weekend. Not that there's anything wrong with that.

Edit: P.S.: I'm long too
Same here .. I think I am going to do something else while they do their normal stuff Friday stuff today ....

I am aiming for 1.5150 early next week I think ...

Peace
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  • #166,368
  • Nov 26, 2009 11:41pm Nov 26, 2009 11:41pm
goodmorning traders,here we never sleeps
  • #166,369
  • Nov 26, 2009 11:47pm Nov 26, 2009 11:47pm
Quoting earthsmate
Same here .. I think I am going to do something else while they do their normal stuff Friday stuff today ....

I am aiming for 1.5150 early next week I think ...

Peace
That's 230 pips. Define early next week.
Not all sins are created equal
  • #166,370
  • Edited 11:53pm Nov 26, 2009 11:51pm | Edited 11:53pm
how low will it go... break 1.4900 coming euro getting destroyed..with shock of Dubai FEAR strangholding the markets..and we still have london and Ny to come Big 24 hours coming up..
  • #166,371
  • Nov 26, 2009 11:52pm Nov 26, 2009 11:52pm
Quote
Same here .. I think I am going to do something else while they do their normal stuff Friday stuff today ....

I am aiming for 1.5150 early next week I think ...

Peace


Well at some point of time, one needs to take risk and take a long position.

But i am prepared if it goes another 100 pips down as i have enough balance in my account to avoid any margin call.

  • #166,372
  • Nov 26, 2009 11:53pm Nov 26, 2009 11:53pm
Why huge selling last 24H? and even while us banks close !!
  • #166,373
  • Nov 26, 2009 11:54pm Nov 26, 2009 11:54pm
Quoting egkid
Why huge selling last 24H? and even while us banks close !!
Thanksgiving profit taking.

Stock market drop due to Dubai panic.

Panic due to the USD being at a 14 year low against the JPY.
Not all sins are created equal
  • #166,374
  • Nov 26, 2009 11:54pm Nov 26, 2009 11:54pm
Quoting Jay Walker
That's 230 pips. Define early next week.
it is a long shot but i prefer to aim high rather than low :d

but i do watch the charts so if i have enough profit and says to go out, i will ...

I would like to see it goes up by Tuesday .... it is oversold and not going to be much activity today being friday and all ...

From observations, oversold never stays, but it may take times though so money management is crucial ... many times I got out on a loss, they come back more stronger ... :d

I guess, patience is also a virtue on Forex ...
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  • #166,375
  • Nov 26, 2009 11:55pm Nov 26, 2009 11:55pm
Quoting egkid
Why huge selling last 24H? and even while us banks close !!

Dubai in Big trouble re defaulting loans comparison to argentina article beliw

Blood on stock markets today asia average 3% down


http://www.bloomberg.com/apps/news?p...d=aRsjlClzl500
  • #166,376
  • Nov 26, 2009 11:57pm Nov 26, 2009 11:57pm
Crude breaks key level of 75.5..at 55 d sma of 75.2 now....currencies are headed much lower.

Am short gbp at 1.6424...for a target of 1.6355.
  • #166,377
  • Nov 26, 2009 11:58pm Nov 26, 2009 11:58pm
Quoting Jay Walker
Buongiorno mio amico preferito!
Ciao Jay, sei anche tu il mio preferito
The best thing that can happen to you is to find out where you're wrong.
  • #166,378
  • Nov 26, 2009 11:58pm Nov 26, 2009 11:58pm
Quoting Jay Walker
Thanksgiving profit taking.

Stock market drop due to Dubai panic.

Panic due to the USD being at a 14 year low against the JPY.
Maybe we will get to your entry point 1.444 something wasnt it
  • #166,379
  • Nov 27, 2009 12:06am Nov 27, 2009 12:06am
Golly, I wish every day could be Thanksgiving!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #166,380
  • Nov 27, 2009 12:07am Nov 27, 2009 12:07am
Quoting Driver55
Ciao Jay, sei anche tu il mio preferito
Grazie amico! Grazie!
Not all sins are created equal
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