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  • #1,121
  • Apr 29, 2010 6:32pm Apr 29, 2010 6:32pm
Can i joined in the party or it's just a private function.

Short EU @ 1.325

Also Short AU @ 0.93 and have a pending short order on GU @ 1.5400


Pip Well Sir

Trooper 1
"Thinking Heart & Feeling Brain"
  • #1,122
  • Apr 30, 2010 4:19am Apr 30, 2010 4:19am
Just an update on my Shorts.......S/L Hit on all of them...........am short the EU again at 1.3305.........cheers all

Quoting Danku
Short EU from 1.3239 and short GU @ 1.5197 (currently at -75Pips) and @ 1.5274 (currently at +2Pips)..............anyone with me here..........

I do not look for runners, just the First Area of Trouble based on Bar Lows & Highs..........am up about +8% this week...........obviously trading with the Trend and using Support & Resistance........cheers..........lets see how they work out...............
  • #1,123
  • Apr 30, 2010 6:30pm Apr 30, 2010 6:30pm
Short E/U 1.3330. Not sure what the Greece news will bring over the weekend?
April 29 Short A/U 0.92500, starting to look better now.
  • #1,124
  • May 1, 2010 1:39pm May 1, 2010 1:39pm
Quoting Sylar
Can i joined in the party or it's just a private function.

Short EU @ 1.325

Also Short AU @ 0.93 and have a pending short order on GU @ 1.5400


Pip Well Sir

Trooper 1
Hi Trooper,

You're welcome to join the party - it's an open bar courtesy of yours truly, so enjoy!!!

Regards,

Dan
  • #1,125
  • May 1, 2010 1:41pm May 1, 2010 1:41pm
Quoting crazzypip
Not sure what the Greece news will bring over the weekend?
Nothing good I would have thought!

Technically though - we are near the bottom of a channel that EU has formed so we may see some up before we see more down. If that happens I believe 1.3500 should cap it.

Regards,

Dan
  • #1,126
  • May 1, 2010 2:24pm May 1, 2010 2:24pm
Quoting crazzypip
Not sure what the Greece news will bring over the weekend?
My thoughts are a roller coaster kind of start.
Gonna go up early, maybe before most brokers allow traders to get in.
Then a BIG drop.

That is unless something changes between now and Sunday night/Monday morning.

A few news links about Greece...

http://www.latimes.com/business/la-f...4697695.column

http://www.marketwatch.com/story/buf...lue-2010-05-01

http://www.reuters.com/article/idUSL...pe=marketsNews

http://www.reuters.com/article/idUSTRE6400RW20100501

http://english.aljazeera.net/news/eu...138591559.html

As a side note, my broker has a trade showing about 1 hour ago and in the past these have been a valid indicator of major movement to follow.
Attached Image (click to enlarge)
Click to Enlarge Name: E$_Weekend.jpg Size: 65 KB
  • #1,127
  • May 1, 2010 7:29pm May 1, 2010 7:29pm
Hi Dan,
Thanks, regarding E/U short, SL above 1.3500. Thats about 200 pips up from my entry. I am hoping it wont go more than 1.3400
But that daily pin bar is a worry!!!
cheers CP
  • #1,128
  • May 1, 2010 8:07pm May 1, 2010 8:07pm
Losing faith in the euro zone?
http://www.reuters.com/article/idUSTRE63T30B20100501
  • #1,129
  • May 2, 2010 4:42am May 2, 2010 4:42am
pin bar?where?

i have taken a speculative long at 3300, based on nothing but weekend news on greece

Quoting crazzypip
Hi Dan,
Thanks, regarding E/U short, SL above 1.3500. Thats about 200 pips up from my entry. I am hoping it wont go more than 1.3400
But that daily pin bar is a worry!!!
cheers CP
  • #1,130
  • May 2, 2010 6:23am May 2, 2010 6:23am
Hi Commander

Looks like the Greek tragedy is coming to an end... Or is it just the beginning of the END...

At this time of writing Greece has agreed to EU & IMF bailout so we may see another gap on the opening for EU.


1. AU (Daily Trend is UP)
Last AU was closed last Fri @ 0.9250 for 50 pips. PA did take out the downward TL but bears pushed it back down below the TL. Currently PA sitting in the middle of consolidating channel.
Action plan: Let PA to show me direction. On the sideline


2. EU (Daily Trend is DOWN)
My SL is also @ 1.3400 because it's the 50% fib of the last swing. However as mentioned above the bailout, PA could spike up & take out the SL. If it does that will await for AH to be trigger to recoup potential loss.
Action plan: Let trade play itself


3. GU (Daily Trend is DOWN)
PA is moving inside an upward channel. There is strong support @1.5150 as PA was repel on previous 4 occasions.
Trade plan: Looking to buy @ 1.5150 SL 150pips


4. UCAD (Daily Trend is DOWN)
Charts speak for itself.
Trade plan: Looking to sell @ 1.02 SL 100 pips


5. UJ (Daily Trend is UP)
UJ has been making HL since Mar 10. Looking for 50%fib retracement to 93.00 which confluence with upward TL.
Trade plan: Looking to buy @ 93.00 SL 100pips


Let's get ready to RUMBLE

Trooper 1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU-4H (3 May).jpg Size: 98 KB
Click to Enlarge Name: EU-4H (3 May).jpg Size: 93 KB
Click to Enlarge Name: GU-4H (3 May).jpg Size: 100 KB
Click to Enlarge Name: UCAD-4H (3 May).jpg Size: 84 KB
Click to Enlarge Name: UJ-4H (3 May).jpg Size: 91 KB
"Thinking Heart & Feeling Brain"
  • #1,131
  • May 2, 2010 7:01am May 2, 2010 7:01am
Another tick up last night...
Attached Image (click to enlarge)
Click to Enlarge Name: E$_Weekend2.jpg Size: 62 KB
  • #1,132
  • May 2, 2010 10:57am May 2, 2010 10:57am
Quoting Sylar
Hi Commander

Looks like the Greek tragedy is coming to an end... Or is it just the beginning of the END...

At this time of writing Greece has agreed to EU & IMF bailout so we may see another gap on the opening for EU.

Let's get ready to RUMBLE

Trooper 1
I didn't hear no fat lady yet.
Not that Angela Merkel is fat.
Germany to scrutinise Greek deal before backing aid

Rumble? More like a cage match I think. with chairs...
  • #1,133
  • May 2, 2010 1:49pm May 2, 2010 1:49pm
Buckle up!
Attached Image (click to enlarge)
Click to Enlarge Name: E$_Weekend3.jpg Size: 62 KB
  • #1,134
  • May 2, 2010 3:12pm May 2, 2010 3:12pm
Holding for last hour or so.
Attached Image
  • #1,135
  • May 2, 2010 4:26pm May 2, 2010 4:26pm
Ok coolshades, Did I say daily pin bar I ment weekly pin.
Your trading the news?
  • #1,136
  • May 2, 2010 8:02pm May 2, 2010 8:02pm
Hello, i was watching this, and i think that possibly we have a good entry going short.

http://img36.imageshack.us/img36/5281/usdcad020510.jpg



What do you think?

Greetings from Chile!
  • #1,137
  • Edited 6:45am May 3, 2010 5:54am | Edited 6:45am
alej0, that fib isn't right. If you are looking for a short in a downtrend then you would draw your fibs from the most recent swing low to the swing high before it. I personally don't see an area of confluence to give me a low risk entry and i prefer it when the price is making consistent lower lows and lower highs so I'm not in a trade on USD/CAD. That's not to say that price isn't going to go down though

P.S. anyone else short EUR/CAD? I entered at 1.35.
  • #1,138
  • May 4, 2010 3:54am May 4, 2010 3:54am
Quoting crazzypip
Hi Dan,
Thanks, regarding E/U short, SL above 1.3500. Thats about 200 pips up from my entry. I am hoping it wont go more than 1.3400
But that daily pin bar is a worry!!!
cheers CP
Hi CP,

Sorry I may have misled you... I wasn't hoping for it to go up there, I was just thinking that if it did that would be as far as it goes!

I must admit that the weekly pin did make me wonder but never understimate the power of the trend!

Regards,

Dan
  • #1,139
  • May 4, 2010 7:58am May 4, 2010 7:58am
Quoting Rustam
P.S. anyone else short EUR/CAD? I entered at 1.35.
Yes I am; as it happens 1.35 was my entry too! Nice and easy... a no brainer you might say!
  • #1,140
  • May 4, 2010 9:26am May 4, 2010 9:26am
Quoting Fx_Genius
My thoughts are a roller coaster kind of start.
Gonna go up early, maybe before most brokers allow traders to get in.
Then a BIG drop.

That is unless something changes between now and Sunday night/Monday morning.
I think the bottom will be about 1.28 - 1.29 this week.

Anybody else on this ride?
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