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EURUSD

  • #248,761
  • May 27, 2010 11:03am May 27, 2010 11:03am
Quoting gatorinla
the higher the dive... the bigger the splash... were just riding usdx coattails.. when euro weakens on other pairs we will dive. . watch oil, over 80 has been the start of usd bullish wedges. i think it will start earlier on oil now. .. 3 steps forward 2 steps back.
Never said we said we won't move further south afterwards, I just don't think we're ready to drop yet. If you didn't agree, I don't think you would have mentioned your interest at 2440-50. My interest will be at about 2460-70.
  • #248,762
  • May 27, 2010 11:04am May 27, 2010 11:04am
Quoting Ted1983
EURUSD basically is the USDx.
about 60%
those who can, do. those who cant, talk about those who can
  • #248,763
  • May 27, 2010 11:04am May 27, 2010 11:04am
Took 23 - 13 = 10 @ 0.1
  • #248,764
  • May 27, 2010 11:04am May 27, 2010 11:04am
Quoting DMA Trader
i think we are approaching an area where we can begin to place shorts again. thinking that tomorrow and Monday would bring crazy moves and the trend should resume going forward.
People have been calling for the big break for a week. And before the last week, it was the week before the last drop. Before that, the months of ranging. Seems many are in a rush - it'll break when it breaks.
  • #248,765
  • May 27, 2010 11:04am May 27, 2010 11:04am
It will likely hit 1.24 and maybe drop again from there.
  • #248,766
  • May 27, 2010 11:05am May 27, 2010 11:05am
1.1483. This triggered a buy for me. 25 pip SL. Will move it up if I can. Crazy candles today. I'm glad to hear some of you are singing happy birthday.
Si vis pacem, para bellum.
  • #248,767
  • May 27, 2010 11:06am May 27, 2010 11:06am
Quoting T.E.Lawrence
Correlation hedged trade:

short cable @1.4564
long euro @1.2293

Attachment
trade closed - cumulative profit +76 pips
  • #248,768
  • May 27, 2010 11:07am May 27, 2010 11:07am
Quoting DMA Trader
i think we are approaching an area where we can begin to place shorts again. thinking that tomorrow and Monday would bring crazy moves and the trend should resume going forward.
looks like it but watch out. it can break out!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 06-10 27-5-2010 (30 Min).jpg Size: 137 KB
Click to Enlarge Name: ES 06-10 27-5-2010 (5 Min).jpg Size: 117 KB
  • #248,769
  • May 27, 2010 11:08am May 27, 2010 11:08am
i manage to place sell and get 10 pis LOL wkkakakakakaka
  • #248,770
  • May 27, 2010 11:08am May 27, 2010 11:08am
Quoting T.E.Lawrence
trade closed - cumulative profit +76 pips
Lawrence, do you usually open opposite positions on those pairs to hedge your trades?
  • #248,771
  • May 27, 2010 11:10am May 27, 2010 11:10am
Quoting Mr J
People have been calling for the big break for a week. And before the last week, it was the week before the last drop. Before that, the months of ranging. Seems many are in a rush - it'll break when it breaks.
i don't understand.
3000 points is not a big break ?
do you thing the trend has changed because of 200 pips upside ?

what am I missing ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #248,772
  • May 27, 2010 11:11am May 27, 2010 11:11am
Quoting TudorJonesJR
looks like it but watch out. it can break out!
I don't know what to say.
I except the breakout imminent but still can't take that level for good
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #248,773
  • May 27, 2010 11:12am May 27, 2010 11:12am
Quoting Mr J
Never said we said we won't move further south afterwards, I just don't think we're ready to drop yet. If you didn't agree, I don't think you would have mentioned your interest at 2440-50. My interest will be at about 2460-70.
i didn't disagree. just gave a reason.. euro doesn't control its destiny. .
those who can, do. those who cant, talk about those who can
  • #248,774
  • May 27, 2010 11:13am May 27, 2010 11:13am
Sold Eur/USD at 1.23619 SL 1.2377 TP based on indicator.
  • #248,775
  • May 27, 2010 11:15am May 27, 2010 11:15am
As a post mortem review, and I missed this spike upwards, I just wish to understand from all who opened position in anticipation and took full advantage of the spike.

1) What made you opened a position at the 1.22xx level?
2) How did you decide on which direction it will go - long or short?

Thanks guys. Appreciate it.
  • #248,776
  • May 27, 2010 11:16am May 27, 2010 11:16am
have a eu short @2471
- fibo 61.8 from 20th high (M30)
- and also same point movement from lows 1st mov , (268 = 1.22033 + 268 = 1.25974-1.23393 from 20th)
  • #248,777
  • May 27, 2010 11:17am May 27, 2010 11:17am
man, all of my indicators are radically overbought. Think I'm going to call it quits til things settle down. I'll come back after lunch and see what's going on. Enjoy your profits guys...I know I will
  • #248,778
  • May 27, 2010 11:18am May 27, 2010 11:18am
Quoting Vnix
Sold Eur/USD at 1.23619 SL 1.2377 TP based on indicator.
I like setups like these...the SL is small and the potential for the trade to go into profit is high. However whenever I enter trades like this the damn thing breaks out. I didnt enter this trade so maybe for your case it will go your way lol!
Former Trader Of the Year of the 95% losing club! Retired
  • #248,779
  • May 27, 2010 11:20am May 27, 2010 11:20am
Quoting dexterific
As a post mortem review, and I missed this spike upwards, I just wish to understand from all who opened position in anticipation and took full advantage of the spike.

1) What made you opened a position at the 1.22xx level?
2) How did you decide on which direction it will go - long or short?

Thanks guys. Appreciate it.
I'm very interested in this also. I was short targeting 1.2144 when this spike happened.

Does it have anyting to do with China saying it remains a long term investor in Europe?
  • #248,780
  • May 27, 2010 11:20am May 27, 2010 11:20am
Quoting Rgali1
I like setups like these...the SL is small and the potential for the trade to go into profit is high. However whenever I enter trades like this the damn thing breaks out. I didnt enter this trade so maybe for your case it will go your way lol!
I moved the SL to 1.23610 after it moved 10 pips in my favor shortly after heh
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