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  • #210,261
  • Mar 12, 2010 2:58am Mar 12, 2010 2:58am
Quoting Caravanpark
Yes but sometimes when all these things look right is the time when the price goes the other way. Having said that, the current PA does indeed look very bullish. I expect that it is better to be out of this market but unfortunately I have a short position running which I can close but don't want to miss a leg down. I don't know what to do - HELP!
Are you a technical trader or a fundamental trader?

What did you trading plan say about when to exit your short? If you close your short now and the market moves down how are you going to feel?

Try answering these questions and it may help.

Also, if you are not sure, ALWAYS know when you will exit BEFORE you enter.

G-Man
  • #210,262
  • Mar 12, 2010 2:59am Mar 12, 2010 2:59am
Quoting realjumper
As I was saying earlier today...if this is the case, who's going to bail out the other PIIGS countries? Just delaying the inevitable imo....

Keep in mind, they could always start talking about some kind of EU tarp like they did here in US...I heard Malcolm I believe bring this up and it makes sense as something that could be brought up.
Overall, I still think EU daily/weekly downtrend will continue but atm I have no shorts. When I say overall, I don't really know a TF...it will happen though imo. Just like it did here..whether they do a tarp or not, something will fail. 1.25 will happen this yr but I'm starting to lean Malc's way of 1.42+ at some point first. Why not now or next couple weeks? It would be nice to load some fresh shorts up there anyway. The dojis like these guys say have never happened before...usually we all know what a doji means but if it has never happened before, how can we know what it means? Especially when it signifies indecision.
  • #210,263
  • Mar 12, 2010 3:00am Mar 12, 2010 3:00am
Quoting G-Man
Are you a technical trader or a fundamental trader?

What did you trading plan say about when to exit your short? If you close your short now and the market moves down how are you going to feel?

Try answering these questions and it may help.

Also, if you are not sure, ALWAYS know when you will exit BEFORE you enter.

G-Man
very good advice G-Man
Trade on your own risk Plan your trade&trade your plan dont be a
  • #210,264
  • Mar 12, 2010 3:00am Mar 12, 2010 3:00am
Quoting Mr Hatch
good morning everybody.

morning sir
  • #210,265
  • Mar 12, 2010 3:03am Mar 12, 2010 3:03am
EURO-DOLLAR: continues to chip away at the topside, extends recovery to
$1.3726 with corrective pullbacks remaining shallow. Next resistance of
note seen at $1.3735/40 (around March 3 highs of $1.3736).

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #210,266
  • Mar 12, 2010 3:05am Mar 12, 2010 3:05am
Quoting uraceulose
Keep in mind, they could always start talking about some kind of EU tarp like they did here in US...I heard Malcolm I believe bring this up and it makes sense as something that could be brought up.
Overall, I still think EU daily/weekly downtrend will continue but atm I have no shorts. When I say overall, I don't really know a TF...it will happen though imo. Just like it did here..whether they do a tarp or not, something will fail. 1.25 will happen this yr but I'm starting to lean Malc's way of 1.42+ at some point first. Why not now or next couple...
Yep, I take all that on board except one thing.....those dojis didn't just happen naturally.....they happened due to manipulation/intervention etc.....and for me, that writes off their validity.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #210,267
  • Mar 12, 2010 3:06am Mar 12, 2010 3:06am
hello kuroro, what's up in this market, Eur still go high, i am short from 3673, maybe we return to 3600 today on US session?
High risk High return!
  • #210,268
  • Mar 12, 2010 3:07am Mar 12, 2010 3:07am
Quoting warta
major trend still down
IMHO its over and any short today will be stopped

infact its a chance to buy
I SEE YOU !!
  • #210,269
  • Mar 12, 2010 3:12am Mar 12, 2010 3:12am
Quoting Trading Cat
went long 1.3711 as planned sl 1.3685 tp 3728 wil will decide on pa when at that point. Trade also goes in line with my super trendy indi and PSAR.
You got your 3728
Doing what you like is Freedom. Liking what you do is Happiness.
  • #210,270
  • Edited 3:23am Mar 12, 2010 3:12am | Edited 3:23am
Back after about 2 hrs , nothing special , gold even not at 1118 and no reversal pattern . The hs expected ,not there , not back to 1107-3 before the go . thinking short accumulation as ususal in eu,gj,gu with gold . taking more risk for more gain or further loss.
gu temp top may 1.5156,137.15 gj ,eu seems more 1.3788 , gold 1118-22.all sets of pending shorts placed around those levels & sl above to see next . no active doing & see in the evening . take care.


fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #210,271
  • Mar 12, 2010 3:12am Mar 12, 2010 3:12am
Quoting Trading Cat
went long 1.3711 as planned sl 1.3685 tp 3728 wil will decide on pa when at that point. Trade also goes in line with my super trendy indi and PSAR.
exit manually at 3726.2 as price was hesitating and I dint want to loose only cos of 1.8pips, i goes up furhter no problem I will try to re-enter on a pull back. This was an ok trade 15pips in my pocked.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #210,272
  • Mar 12, 2010 3:13am Mar 12, 2010 3:13am
now lets watch it go to the new target
  • #210,273
  • Mar 12, 2010 3:13am Mar 12, 2010 3:13am
Quoting Caravanpark
. I expect that it is better to be out of this market but unfortunately I have a short position running which I can close but don't want to miss a leg down. I don't know what to do - HELP!

My analysis based upon my level of understanding...

3721 is a important level and if it consolidate above that and it can go maximum up to 3751 and +some pips......no way at the present fundamental factors it can go upwards above that .very important meetings like BOJ etc are there to prompt big players to take positions.

i expect a fall to 3570 area and NOT BELOW 3570 in the present conditions.
  • #210,274
  • Mar 12, 2010 3:13am Mar 12, 2010 3:13am
i was just playing around with some fibs on daily tf, and as long as 1,4134 isn't taken, there is no change in sight.
the creation of the rounded bottom with the help of intervention is a serious thought one should at least keep in the back of one's mind. but what do i tell, i am out of all trades at the end of the day...
  • #210,275
  • Edited 3:16am Mar 12, 2010 3:14am | Edited 3:16am
Quoting realjumper
You got your 3728
yea on my trading platform it only went to 26.2 but I took it anyway had a limit in at 27.7 but never got there
Trade on your own risk Plan your trade&trade your plan dont be a
  • #210,276
  • Mar 12, 2010 3:14am Mar 12, 2010 3:14am
Quoting simao
hello kuroro, what's up in this market, Eur still go high, i am short from 3673, maybe we return to 3600 today on US session?
Hi,

I really don't know why it's going up like with bad news everywhere....
I'm still holding short from 1.3685...will probably add another one at 1.3730...
First tp 1.3626...then 1.3580 at least

Upmove seems exhausted ...i'm waiting a pullback toward 1.3700 area
COT: The precious data ignored
  • #210,277
  • Mar 12, 2010 3:15am Mar 12, 2010 3:15am
Quoting dbfusion
IMHO its over and any short today will be stopped

infact its a chance to buy

That's why i'm only watching at the moment as i've been seeing bullish signals since last week, i can see the eu has been consolidating and is ready to take off soon.
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"The Side that Knows When to Fight and When Not to, Will Take the Victory"
  • #210,278
  • Mar 12, 2010 3:15am Mar 12, 2010 3:15am
Quoting Mr Hatch
good morning everybody.
Morning Mr Hatch
The best thing that can happen to you is to find out where you're wrong.
  • #210,279
  • Mar 12, 2010 3:15am Mar 12, 2010 3:15am
Quoting fontu
Back after about 2 hrs , nothing special , gold even not at 1118 and no reversal pattern . The hs expected ,not there , not back to 1117-3 before the go . short accumulation as ususal in eu,gj,gu with gold . taking more risk for more gain or further loss.
fontu

I think the same....i'm accumulating shorts as we go up...on eu gj gu ej
Good luck to you mate
COT: The precious data ignored
  • #210,280
  • Mar 12, 2010 3:17am Mar 12, 2010 3:17am
1.3830 is my minimum target for today. I also have a turning point scheduled for today, but come come early monday. Anything above 1.3830 is a bonafide sell. The higher the better.

The next low turning point is due on the 22nd March. It could be sub 1.34 as quick as that.

Kerching
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