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Trend Trading Chart Thread

  • #1,181
  • May 9, 2010 4:21pm May 9, 2010 4:21pm
Quoting Fx_Genius
I think the bottom will be about 1.28 - 1.29 this week.

Anybody else on this ride?
I'm new on this thread, but thought that I would drop in my 2 cents.

I'm short from 1.3190 looking for 1.15 long term.

JH
  • #1,182
  • May 9, 2010 6:19pm May 9, 2010 6:19pm
Going short E/U 1.2900.
200 sl
wish me luck!!!
  • #1,183
  • May 9, 2010 9:15pm May 9, 2010 9:15pm
Quoting crazzypip
Going short E/U 1.2900.
200 sl
wish me luck!!!

hi crazy

why are you going short at this level? not to be rude or anything, just wanted to know your though process, because i can't seem to find any reason to short at this level

thanks and good luck

sohail
  • #1,184
  • May 10, 2010 12:54am May 10, 2010 12:54am
anyone short on ucad at 03, and euraud 4350ish?
  • #1,185
  • May 10, 2010 6:38am May 10, 2010 6:38am
Quoting crazzypip
Going short E/U 1.2900.
200 sl
wish me luck!!!
Good luck!

It's is a bit crazy out there today...

I have sold at 1.3000 so wish me luck too lol!

Regards,

Dan
  • #1,186
  • May 10, 2010 6:39am May 10, 2010 6:39am
Quoting Sohail786
hi crazy

why are you going short at this level? not to be rude or anything, just wanted to know your though process, because i can't seem to find any reason to short at this level

thanks and good luck

sohail
Hi Sohail,

Although I can't speak for the crazy one my reasoning for selling is the 1.29 - 1.30 key support/resistance level.

Regards,

Dan
  • #1,187
  • May 10, 2010 6:45am May 10, 2010 6:45am
yo partner, am with you.

also short ucad at 266. though the 225 line is proving to be a toughie.

Quoting DanUK
Good luck!

It's is a bit crazy out there today...

I have sold at 1.3000 so wish me luck too lol!

Regards,

Dan
  • #1,188
  • May 10, 2010 6:50am May 10, 2010 6:50am
Quoting DanUK
Good luck!

It's is a bit crazy out there today...

I have sold at 1.3000 so wish me luck too lol!

Regards,

Dan
Crazy? How about downright insane!

Good luck with the 1.3 sell, I can't put my finger on it and have nothing other than a feeling that we have further to go up. Maybe 1.32-1.34 then down. Huge package they put together in the EU but there will come a time that they have to pay it off....

Sitting out for the moment, to busy.
  • #1,189
  • May 10, 2010 7:00am May 10, 2010 7:00am
Quoting coolshades
yo partner, am with you.

also short ucad at 266. though the 225 line is proving to be a toughie.
Good luck to you too then sir!

It's a cautious play as I'm sure you will know!
  • #1,190
  • May 10, 2010 7:03am May 10, 2010 7:03am
yes massa. in these cautious play times, do you still use the 200 point sl?

Quoting DanUK
Good luck to you too then sir!

It's a cautious play as I'm sure you will know!
  • #1,191
  • May 10, 2010 7:12am May 10, 2010 7:12am
Quoting coolshades
yes massa. in these cautious play times, do you still use the 200 point sl?
My initial stop is the same as usual but the difference is I will be a bit more cautious about the trade management. If I get a sign of a reversal against my position I will be more ready to pull the plug than normal!

Regards,

Dan
  • #1,192
  • May 10, 2010 7:28am May 10, 2010 7:28am
1.29 is up... be careful here - if we can break it then 1.25 could be on the cards again!
  • #1,193
  • May 10, 2010 8:22am May 10, 2010 8:22am
taken my exit podner based on h4 bounce off 2900. will look to re-enter short, if there is a bpc trade off 2900.

Quoting DanUK
1.29 is up... be careful here - if we can break it then 1.25 could be on the cards again!
  • #1,194
  • May 10, 2010 10:12am May 10, 2010 10:12am
Hi Solhail

As Dan said I was looking at the 1.2900-1.300 level. As you can see I
took my short 15 hours ago when it looked like a convincing entry and came out with 80 pips profit when it looked like it was stalling and went to bed!
Probably the right decision when I see what went on in the market this morning, a better entry would have been Dan's at 1.300. A lucky escape I think!
CP
  • #1,195
  • May 10, 2010 12:22pm May 10, 2010 12:22pm
Quoting crazzypip
Hi Solhail

As Dan said I was looking at the 1.2900-1.300 level. As you can see I
took my short 15 hours ago when it looked like a convincing entry and came out with 80 pips profit when it looked like it was stalling and went to bed!
Probably the right decision when I see what went on in the market this morning, a better entry would have been Dan's at 1.300. A lucky escape I think!
CP

yes i thought 1.30 - 50 area would have been a good entry with the EU, but i could not find major confluence (well atleast my entry criteria), i didn't take it because i was more interested in E/A.


thanks crazy and dan
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  • #1,196
  • May 10, 2010 12:26pm May 10, 2010 12:26pm
Am in short on A/U as well

anyone else in?
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  • #1,197
  • May 11, 2010 3:39am May 11, 2010 3:39am
Quoting Sohail786
Am in short on A/U as well

anyone else in?
Hi,

I am joining you now!

Short AUD/USD @ 0.9000

Regards,

Dan
  • #1,198
  • May 11, 2010 3:49am May 11, 2010 3:49am
noble commander, a chart of this if you dont mind.

Quoting DanUK
Hi,

I am joining you now!

Short AUD/USD @ 0.9000

Regards,

Dan
  • #1,199
  • May 11, 2010 6:02am May 11, 2010 6:02am
Quoting coolshades
noble commander, a chart of this if you dont mind.
Hi Coolshades,

You may remember that I took an experimental short on A/U from 1.9250... this trade from 1.9000 is in addition based on 50% retracement and the big 1.9000 round number (s/r level).

Regards,

Dan
Attached Image (click to enlarge)
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  • #1,200
  • May 11, 2010 6:52am May 11, 2010 6:52am
Quoting DanUK
Hi,

I am joining you now!

Short AUD/USD @ 0.9000

Regards,

Dan
cool, the boss is with me am getting better at this.
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