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EURUSD

  • #240,721
  • May 12, 2010 12:32am May 12, 2010 12:32am
Now long at 2665
Vita est simillimus forexum(Life is like forex)
  • #240,722
  • May 12, 2010 12:39am May 12, 2010 12:39am
Quoting Jhig
Waiting for price to touch 1.2700 before I continue short trading; in staying with the trend.
Price has almost made it to 1.2700 level. Will wait for a reversal signal within the next 1-2 hours. Afterward I will be looking to enter on a short position.
  • #240,723
  • May 12, 2010 12:42am May 12, 2010 12:42am
For a long position I want price to touch 2645 area as tl which had been just broken would be validated and would place sl 5-10pips below then aim for recent high 2670 or even pivot/psych number 2700 then short again.... otherwise just short at pivot.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,724
  • May 12, 2010 12:43am May 12, 2010 12:43am
Quoting Trading Cat
same plan was to short here now a close at this level of the 15min would actually be a long sign, so wait a little mabye better at 2670???
I'm just being cautious at this level. I've still got some shorts open, and would like to be much more convinced of immediate downside potential before I add to my position.
  • #240,725
  • May 12, 2010 12:46am May 12, 2010 12:46am
GU shot up 100 pips in not time.
  • #240,726
  • May 12, 2010 12:49am May 12, 2010 12:49am
Quoting Jhig
GU shot up 100 pips in not time.
what a shame I dont trade gu just looked at it perfect setup for tl and pivot trading now its to late
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,727
  • May 12, 2010 12:49am May 12, 2010 12:49am
Done as per closed all longs again above 64 & shorted there for 20/17 , only God know what next.price still in bull mode & m1 seems validating hs , I missed this tf hs.No bad again if so , m1 tf may take it to 90 & chances bounce possible as no big game so far .anyway engage in anti-trend right now , praying no go above 77 , will boost bull as is support.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #240,728
  • May 12, 2010 12:50am May 12, 2010 12:50am
Might not make the DP...Cable is running out of steam, and U/J just turned around......fwiw
Doing what you like is Freedom. Liking what you do is Happiness.
  • #240,729
  • May 12, 2010 12:51am May 12, 2010 12:51am
You're right. I admit I'm going for a quickie here as the trend is down. I'm probably taking too big a risk. Tight stop...
Vita est simillimus forexum(Life is like forex)
  • #240,730
  • May 12, 2010 12:52am May 12, 2010 12:52am
Quoting Trading Cat
what a shame I dont trade gu just looked at it perfect setup for tl and pivot trading now its to late
To be honest, I don't believe many traders caught that run. Price action seems lot more uniformed than EU. I think price may continue upwards as I see an triangle on 1h. Price action just slightly broke upwards on the triangle.
  • #240,731
  • May 12, 2010 12:56am May 12, 2010 12:56am
Quoting Trading Cat
what a shame I dont trade gu just looked at it perfect setup for tl and pivot trading now its to late
You're right, it was a good set-up...damn shame I missed it too.......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #240,732
  • May 12, 2010 12:57am May 12, 2010 12:57am
EURO-DOLLAR: Stops tripped on the move above $1.2670, but profit take
sales quickly emerge to counter follow through demand and cap move at
$1.2675. Rate currently trades around $1.2662 with traders flashing up
that sharp sellers are around. Macro demand was noted in the move up
earlier, one trader noting sales from same at the highs.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #240,733
  • May 12, 2010 12:58am May 12, 2010 12:58am
EU moving upward just because USDx going down not because EURx going up.. This is the reason why I'm out ATM ..
  • #240,734
  • May 12, 2010 12:59am May 12, 2010 12:59am
Bull apparently exploited ? may be. lets see what .still chance m1 validating .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #240,735
  • May 12, 2010 1:00am May 12, 2010 1:00am
See a lot of traders playing the short a little too early on Twitter. Lot of stop loss being twitted.

Price action should bounce off the trendline on the 1h heading into short territory unless price decides to break through trendline.
  • #240,736
  • May 12, 2010 1:06am May 12, 2010 1:06am
Quoting Jhig
Price has almost made it to 1.2700 level. Will wait for a reversal signal within the next 1-2 hours. Afterward I will be looking to enter on a short position.
Price has touched my trendline ... now I stalk a reversal candle.
  • #240,737
  • May 12, 2010 1:09am May 12, 2010 1:09am
Quoting realjumper
Might not make the DP...Cable is running out of steam, and U/J just turned around......fwiw
Lol...so much for that.....eu and gu got their second wind....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #240,738
  • May 12, 2010 1:09am May 12, 2010 1:09am
Wouldn't surprise me for it to go considerably higher to take out weaker positions.
  • #240,739
  • May 12, 2010 1:09am May 12, 2010 1:09am
Long TP hit at 2698 pitchfork resistance. +33 Lucky on that one.
Vita est simillimus forexum(Life is like forex)
  • #240,740
  • May 12, 2010 1:10am May 12, 2010 1:10am
Quoting Jhig
Price has touched my trendline ... now I stalk a reversal candle.
my 1hr tl is broken, but that was expected when move towards pivot. First time since 3 days, we could finally see a bigger retrace. Whole writing pivot reached and did not stop.
Next level of potential turn around 2720.
Nice to see her coming up even though I am not participating better higher levels to short
Trade on your own risk Plan your trade&trade your plan dont be a
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