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  • #221,461
  • Apr 7, 2010 5:55am Apr 7, 2010 5:55am
Quoting plan-b
My long trade is hovering around break even


A dip to 1.3260-1.3305 area might be appreciated


Buy dips..


gu long trade oscillating between +300 and +400

.
I suspect your trade is longer term. Still for a longer term trade I would want to wait till 1.36 breaks as this is the last lower high on a daily. Also there is a pretty good tl 3 times touched so valid.
here see chart:

no concern for me as I trade short term but take the long term view into consideration in regards to risk and sl setting.
Attached Image (click to enlarge)
Click to Enlarge Name: 070410.jpg Size: 143 KB
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,462
  • Apr 7, 2010 5:55am Apr 7, 2010 5:55am
I recon we gonna see 1.3000 By the end of the week with a few minor bounces on the way.
Founder of Sutherland Wave Principle
  • #221,463
  • Apr 7, 2010 5:57am Apr 7, 2010 5:57am
Quoting T@rantula
Good point JSS..as for today i expect 3320 if we break 3355 then 3250 possible..
watch out for this
  • #221,464
  • Apr 7, 2010 6:06am Apr 7, 2010 6:06am
a retrace to 60 would be nice to enter below tl and a$$ tight sl just above tl
Trade on your own risk Plan your trade&trade your plan dont be a
  • #221,465
  • Apr 7, 2010 6:06am Apr 7, 2010 6:06am
I see it all the way down to .3070+ some slip within the next 48hrs, with only significant resistance at .3295 Based on highly experimental completely unstable but often mind blowing trick that has affectionately been dubbed 'Voodoo'
Founder of Sutherland Wave Principle
  • #221,466
  • Apr 7, 2010 6:07am Apr 7, 2010 6:07am
still holding 15 m time frame
Attached Image
  • #221,467
  • Apr 7, 2010 6:08am Apr 7, 2010 6:08am
Quoting suthmo
I see it all the way down to .3070+ some slip within the next 48hrs, with only significant resistance at .3295 Based on highly experimental completely unstable but often mind blowing trick that has affectionately been dubbed 'Voodoo'
Suthmo, care to elaborate?

You posted an interesting prediction chart yesterday - how did you generate that?

David
  • #221,468
  • Apr 7, 2010 6:09am Apr 7, 2010 6:09am
Quoting gatorinla
first target atm 3375 + slip bounce bs.. current 3381 L

second 3345 + slip then bounce

if first completes then goes below #1 target trend should resume w/o going higher above 3409
in the making right now, let's see.
  • #221,469
  • Apr 7, 2010 6:09am Apr 7, 2010 6:09am
Holding my shorts, waiting for retreace to add to positions...
1st TP 3290



Quoting scurt
I am short from 1.3391
if cable breaks dp I will add more shorts
and here are my reasons>

-we are still below DP
-news for cable was worse than expected, it is still above 50 but worse then previous
-from early morning didn`t go above downward TL
-cable make almost 60pips up and EU went just 20
-another bad fund. news comming from greece
-BOE will keep interest rates for pound
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  • #221,470
  • Apr 7, 2010 6:10am Apr 7, 2010 6:10am
on the futures contract selling volume is very low considerable the slide, got a feeling they just went for the stops.

waiting to make an entry either way.
  • #221,471
  • Apr 7, 2010 6:11am Apr 7, 2010 6:11am
here we go...break this weeks low, and 1.328 we come
  • #221,472
  • Apr 7, 2010 6:13am Apr 7, 2010 6:13am
Does anyone know what time the US Bond sale is today?
  • #221,473
  • Apr 7, 2010 6:21am Apr 7, 2010 6:21am
Here's another outlook, last month closed as a spinning top which means indecisive about market direction. We are still in a down trend though, so it is possible that by taking out the March low 1.3266 we drop to 2008 lows of 1.25 within April trading.
Prices oscillate, trends persist. Trend is your friend.
  • #221,474
  • Apr 7, 2010 6:32am Apr 7, 2010 6:32am
40 more pips down and we will test the lowest low for these past 2 months!!! Oh finally something is about to happen. If it rebounds and goes up I'm going to be crazy. Make up your mind already grrrrr
  • #221,475
  • Apr 7, 2010 6:34am Apr 7, 2010 6:34am
Quoting scurt
Holding my shorts...
Here's a question for you.... why did you draw a head and shoulders on that chart... at the bottom of a downtrend? That's a reversal pattern and for a Downtrend to reverse, it would have to go UP and in that case your Head and shoulders would have to be inverted or upside down, something like this...

Head and Shoulders at the top of an uptrend looks like this...

Attached Image


Inverted HnS at the bottom of a downtrend looks like this...

Attached Image
FUBAR...
  • #221,476
  • Apr 7, 2010 6:35am Apr 7, 2010 6:35am
Quoting thelws
40 more pips down and we will test the lowest low for these past 2 months!!! Oh finally something is about to happen. If it rebounds and goes up I'm going to be crazy. Make up your mind already grrrrr

yes and 20 pips up from here u will get renewed buying intrest. its not always a 1 way market.
  • #221,477
  • Apr 7, 2010 6:37am Apr 7, 2010 6:37am
Quoting Trading Cat
.
Holy shit! They were right after all! Could you give me the source of these holy grail signals? - I'm gonna make millions this year! Yeah baby, yeah!
  • #221,478
  • Apr 7, 2010 6:37am Apr 7, 2010 6:37am
1.3340, bought big ticket, looking for 1.3650
  • #221,479
  • Apr 7, 2010 6:38am Apr 7, 2010 6:38am
Quoting ak4x
Here's a question for you.... why did you draw a head and shoulders on that chart... at the bottom of a downtrend? That's a reversal pattern and for a Downtrend to reverse, it would have to go UP and in that case your Head and shoulders would have to be inverted or upside down, something like this...

Head and Shoulders at the top of an uptrend looks like this...

Attachment

Inverted HnS at the bottom of a downtrend looks like this...

Attachment
Common man, don't rain on our parade. Sometimes it's nice to make up lots of reasons why price will go straight down with no retrace... Just makes trading easier when it goes straight in one direction the whole time.

I see H&S, Broken Triangles, Broken Bear Flags, Bearish Engulfing, Broken Pivots, Broken Greece, Broken Greece, Broken Euro, Yeah baby Yeah!!!
  • #221,480
  • Apr 7, 2010 6:38am Apr 7, 2010 6:38am
No pain no gain, long this area around daily s1 1.3336 pivot for tp 1.346 - r1 above. Entry over 1.3356 as I do not enjoy pain on falling knife such as now.
----- Dragonfly out in the sun you know what I mean, don't you know
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