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  • #16,821
  • Feb 18, 2010 12:59am Feb 18, 2010 12:59am
Quoting sinner-
All good mate! Just wanted an update from your lovely charts to see if the situation had changed last night when it broke above the levels you posted (believe it or not, I watch them).
ok, cheers.
  • #16,822
  • Feb 18, 2010 1:10am Feb 18, 2010 1:10am
If my tl was drawn correct, that was a perfect TL bounce, due to the strong usd run yesterday, i'm not sure it will continue, so i've still a tight stop at .8990
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  • #16,823
  • Feb 18, 2010 1:31am Feb 18, 2010 1:31am
Europe enthusiastic.

LONG @ 8963, 20 pip trailing stop
  • #16,824
  • Feb 18, 2010 1:54am Feb 18, 2010 1:54am
Oops maybe they are enthusiastic in the other direction
  • #16,825
  • Feb 18, 2010 1:58am Feb 18, 2010 1:58am
Quoting Squarepants
Europe enthusiastic.

LONG @ 8963, 20 pip trailing stop
So did you just get stopped out?

I am still long as we approach daily S2 but stops are close to being hit if we pass quickly below there. Might add another position here with the same SL, decide during London. We continue to close the hourly above key bull support.

Smells like a shakeout to me, bring on the irrational exuberance.
  • #16,826
  • Feb 18, 2010 2:01am Feb 18, 2010 2:01am
Quoting sinner-
So did you just get stopped out?

I am still long as we approach daily S2 but stops are close to being hit if we pass quickly below there. Might add another position here with the same SL, decide during London.

Smells like a shakeout to me, bring on the irrational exuberance.
Yes only a couple of hundred bucks. That's how I read it too. It's their first chance for a selldown after last night's rout.
  • #16,827
  • Feb 18, 2010 2:03am Feb 18, 2010 2:03am
Let's See Can We Break 8966 Up Then Decide About Going Long.

  • #16,828
  • Feb 18, 2010 2:05am Feb 18, 2010 2:05am
there's no stopping the usd tonight
  • #16,829
  • Feb 18, 2010 2:10am Feb 18, 2010 2:10am
Quoting Squarepants
Yes only a couple of hundred bucks. That's how I read it too. It's their first chance for a selldown after last night's rout.
Really? I read it a bit different. Europe comes online, sees that Tokyo bought at 8943 and every trader and his dog is watching this so called "channel".

Too easy: run the bid up to sucker retail longs in, retract bids, take out retail stops and Tokyo buys, then buy into all the retail stoplosses selling for a discount.

I could be wrong.
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  • #16,830
  • Feb 18, 2010 2:12am Feb 18, 2010 2:12am
HAHA OK that makes sense. My arse got played.
  • #16,831
  • Feb 18, 2010 2:12am Feb 18, 2010 2:12am
Taking a shot at 89.50.
I usually don't like going with the Fibo's but like the support here. Will bail if gold falls further. Hopefully European bounce.

[IMG]file:///C:/DOCUME%7E1/ronf/LOCALS%7E1/Temp/moz-screenshot-1.png[/IMG]
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  • #16,832
  • Feb 18, 2010 2:13am Feb 18, 2010 2:13am
Quoting sinner-
Really? I read it a bit different. Europe comes online, sees that Tokyo bought at 8943 and every trader and his dog is watching this so called "channel".

Too easy: run the bid up to sucker retail longs in, retract bids, take out retail stops and Tokyo buys, then buy into all the retail stoplosses selling for a discount.

I could be wrong.
not every trader is watching that 'so called' channel. only scalpers. the 1hr TL was broken by my math at .8965, then went up to test it at .8985. i really only look at dailies before i decide my view, but i sometimes look at smaller time frames when i'm bored. and the daily candle is bearish now, so i'd not bet on a pin bar , or something like that.
  • #16,833
  • Feb 18, 2010 2:14am Feb 18, 2010 2:14am
Quoting sinner-
Too easy: run the bid up to sucker retail longs in, retract bids, take out retail stops and Tokyo buys, then buy into all the retail stoplosses selling for a discount.

I could be wrong.
I could be wrong as well.
They did the very same thing last night...
  • #16,834
  • Feb 18, 2010 2:20am Feb 18, 2010 2:20am
another thing it could be, is profit taking from yesterday's positions. not sure how large institutions square up on positions on a daily basis, but it could relate to that.
  • #16,835
  • Feb 18, 2010 2:25am Feb 18, 2010 2:25am
Added another long at 8947 with same SL as other positions, 8933.

Back in an hour or so.
  • #16,836
  • Feb 18, 2010 3:26am Feb 18, 2010 3:26am
Quoting Daytrader74
I didn't go short again at 8948 I'm short from 8960 lol and will keep my shorts on until TP @0.8910
Still holding my shorts and well in the green my average shorts are now 0.9000 I take my trades based on my own believes, research and analysis and while everyone was saying oh no don't you know the first rule in the book never add to a losing position bla bla bla , none of that bothers me as I'm confident in my trades. Target is in sight...
  • #16,837
  • Feb 18, 2010 4:42am Feb 18, 2010 4:42am
Quoting Daytrader74
while everyone was saying oh no don't you know the first rule in the book never add to a losing position bla bla bla , none of that bothers me as I'm confident in my trades. Target is in sight...
You must be pretty confident with your bank account as well
How many Lots do you have on shorts now, since you have been averaging up all this time?
  • #16,838
  • Feb 18, 2010 5:03am Feb 18, 2010 5:03am
GMAE traders.

Along with yesterdays 9000 puts I will add some small profits to the pile +20 from 8947 and move my SL to BE-5 on the other long from 63.

Great week so far.

Could go a lot higher than this I reckon, but very tired from a long day of work, happy to bank the daily quota and kick back a bit.
  • #16,839
  • Feb 18, 2010 5:16am Feb 18, 2010 5:16am
for Now I'm Short From 8972 Toward 8928
  • #16,840
  • Feb 18, 2010 5:45am Feb 18, 2010 5:45am
Quoting BobbyBob
You must be pretty confident with your bank account as well
How many Lots do you have on shorts now, since you have been averaging up all this time?
Total 12 lots will exit half of them @0.8930
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