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  • #1,021
  • Apr 23, 2010 2:04am Apr 23, 2010 2:04am
Good Morning All,

We shot up to resistance of 1.5380 for further selling which may not be completed until we get to 1.5280 to 1.5230. The trend is stilll down and we now at the resistance at 1.5360, which can attract further selling.

Fibbing the High to Low of Today we see:
Next Bear Targets are 1.5294 to 1.5280
Next Bull Targets are 1.5398 to 1.5411
The next 50% breach level at 1.5345. Closing below this level can also present other selling opportunities. Conversely closing above can result in the beginning of buying for the day.
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  • #1,022
  • Apr 23, 2010 2:24am Apr 23, 2010 2:24am
We are currently retesting the 1.5380 resistance, awaiting candle close and watching PA. 1.5411 Resistance and bull target key.
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  • #1,023
  • Apr 23, 2010 2:38am Apr 23, 2010 2:38am
Short of 1.5380 resistance which is also the short(38.2%) level of yesterday's fib. Support/Breach at 1.5350 to be cautioned.
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  • #1,024
  • Apr 23, 2010 2:50am Apr 23, 2010 2:50am
Short off 1.5380 resistance...watching 1.5350 breach level.
Attached Image (click to enlarge)
Click to Enlarge Name: gunow.jpg Size: 459 KB
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  • #1,025
  • Apr 23, 2010 3:03am Apr 23, 2010 3:03am
BE Hit on GU Short. Reacting aggressively to 1.5350 breach level, giving long entry? Confirmations are definitely required for longs here. Will continue to hold short view off 1.5380
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  • #1,026
  • Apr 23, 2010 3:33am Apr 23, 2010 3:33am
Decision to hold shorts and await long confirmation kept us safe. Here we are now trying to close below our 1.5350 50% breach level.
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  • #1,027
  • Apr 23, 2010 7:57am Apr 23, 2010 7:57am
closed my shorts before the news came out, they pushed both EU and GU a bit further down, could've reached both my TP, but the forecasrt was not favourable, so I closed before the news.
Trades: GU: sold resistance of 38.2 daily (80.9 intraday) at 5380 (TP at 5337). TP was reached after the 8:30 news.
EU: sold resistance of 80.9 intraday (3320), but should've sold 61.8 resistance of daily (3345) which was a good s/r line.
There was a lot of PA on both and it's Friday, so closed positions for +55 for the day.
I did put a buy limit order on the convergence of Daily and intraday targets - we'll see how it unfolds.
Time for a nap now
  • #1,028
  • Apr 23, 2010 8:00am Apr 23, 2010 8:00am
Quoting Vark
closed my shorts before the news came out, they pushed both EU and GU a bit further down, could've reached both my TP, but the forecasrt was not favourable, so I closed before the news.
Trades: GU: sold resistance of 38.2 daily (80.9 intraday) at 5380 (TP at 5337). TP was reached after the 8:30 news.
EU: sold resistance of 80.9 intraday (3320), but should've sold 61.8 resistance of daily (3345) which was a good s/r line.
There was a lot of PA on both and it's Friday, so closed positions for +55 for the day.
I did put a buy limit order on the...

Good Trades Vark!

I am still short from 1.5380 with 1.5275 as TP. Watching convergence around 1.5270 two for possible long.

Have a Great Weekend!
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  • #1,029
  • Apr 23, 2010 8:12am Apr 23, 2010 8:12am
Quoting simoneg
Good Trades Vark!

I am still short from 1.5380 with 1.5275 as TP. Watching convergence around 1.5270 two for possible long.

Have a Great Weekend!
you are getting close to your TP
thank you for all your help!
Yesterday I saw 33 traders reading the thread - you are becoming popular!
  • #1,030
  • Apr 23, 2010 8:14am Apr 23, 2010 8:14am
Quoting Vark
you are getting close to your TP
thank you for all your help!
Yesterday I saw 33 traders reading the thread - you are becoming popular!

Oooo that is great! I cant really see what is happening now but will try to take a peep. Was a good setup for Friday! 33 Traders wow! That is good!

Always a pleasure Vark!
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  • #1,031
  • Apr 23, 2010 8:41am Apr 23, 2010 8:41am
Resistance at 1.5330 also 50% breach level from fibbing the High of 1.5471 to the low of 1.5190 (April 19th 6am). Breaking above here will threaten shorts, however so far we have had a strong close below and now seeing a retrace to that level.
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  • #1,032
  • Apr 23, 2010 8:51am Apr 23, 2010 8:51am
Our Breach Level/Resistance at 1.5330 held giving nice entry for added shorts.
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  • #1,033
  • Apr 23, 2010 9:40am Apr 23, 2010 9:40am
All Shorts closed on 1.5315...1.5330 now giving long entries...Have a great weekend all!
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  • #1,034
  • Apr 23, 2010 10:03am Apr 23, 2010 10:03am
Quoting simoneg
All Shorts closed on 1.5315...1.5330 now giving long entries...Have a great weekend all!
good day today!
see you on Monday!
  • #1,035
  • Apr 23, 2010 10:04am Apr 23, 2010 10:04am
Quoting Vark
good day today!
see you on Monday!
Yes...Take care until!
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  • #1,036
  • Apr 23, 2010 4:56pm Apr 23, 2010 4:56pm
http://www.forexfactory.com/showpost...9&postcount=16

so how is Mr Ishikawa?
  • #1,037
  • Apr 24, 2010 8:24am Apr 24, 2010 8:24am
Quoting frankkn
http://www.forexfactory.com/showpost...9&postcount=16

so how is Mr Ishikawa?
Mr Ishikawa? Who is that anyway???
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  • #1,038
  • Apr 26, 2010 5:54am Apr 26, 2010 5:54am
We have broken last week's high on the GU and retraced. Closing below 1.5419 (last week's resistance) can encourage selling to the 1.5300 area. We have been attempting to go bullish on the bigger time frames for a couple of weeks now, however we may see some more testing of support areas if and before that takes place.
Attached Image (click to enlarge)
Click to Enlarge Name: GUweek.jpg Size: 321 KB
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  • #1,039
  • Apr 26, 2010 6:09am Apr 26, 2010 6:09am
We have immediate support at 1.5438, the previous resistance of the last swing, which we are currently trading above. However 1.5455 is a crucial level and 50% of today's high-low so selling is likely in this area, should we fail to close above that price.
Attached Image (click to enlarge)
Click to Enlarge Name: GUday2.jpg Size: 404 KB
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  • #1,040
  • Apr 26, 2010 8:12am Apr 26, 2010 8:12am
Short off 1.5480 (resistance of today's high-low) TP#1- 1.5375 TP#2 - 1.5315.

Next Breach level 1.5453 from fibbing 1.5480 to 1.5426
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