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EURUSD

  • #326,961
  • Nov 16, 2010 12:01pm Nov 16, 2010 12:01pm
from cokes thread....might be a good st long scalp for a few pips.

http://cdn.forexfactory.com/attachme...6&d=1289930202
  • #326,962
  • Nov 16, 2010 12:02pm Nov 16, 2010 12:02pm
do we see the 1.3370 in the next days??
Pecunia non olet
  • #326,963
  • Nov 16, 2010 12:03pm Nov 16, 2010 12:03pm
Quoting mfoste1
from cokes thread....might be a good st long scalp for a few pips.

http://cdn.forexfactory.com/attachme...6&d=1289930202
Yea just about until $1.3717 and then its back down
  • #326,964
  • Nov 16, 2010 12:05pm Nov 16, 2010 12:05pm
might make for a good Asian session sell if we get a decent retrace.

bear in mind that the Asian session will often head in the direction of the previous day.

this is particularly true when the move is sizable.

the chart attached has former support so that area might be a good sell entry.

stan
Attached Image (click to enlarge)
Click to Enlarge Name: euNov16.png Size: 13 KB
  • #326,965
  • Nov 16, 2010 12:05pm Nov 16, 2010 12:05pm
Quoting cloggie
Nah, somebody needs to be on the other side.
Yap, jumping on the wrong side till maybe 1.395 before rejoining the right side


A** is covered though.
Mind over matter..I don't mind and you don't matter.
  • #326,966
  • Nov 16, 2010 12:06pm Nov 16, 2010 12:06pm
Quoting Venice
Agreed. Last night I took a quick Contrarian trade to the upside for a quick 25... as I couldn't resist the ascending triangle breakout on the 15m. I knew I wanted to go short, but never pulled the trigger, and I am aiming a few hundred more short (3375), but hopefully this current support level gives a nice bounce for entry later in the day today.

Kicking myself for not pulling the trigger though last night. Oh well... plenty of time and plenty more trades to come...
It's orite, I take the odd counter meself when there's opportunity, but nothing like buying for 1.45 - 1.5 like the crazies here keep calling on every 100 drop
When the current supp level goes, I have 3316 as the last target before another round of healthy retrace. You'll get your chance my friend. Good luck
Thank You
  • #326,967
  • Nov 16, 2010 12:07pm Nov 16, 2010 12:07pm
Quoting wm-eu
do we see the 1.3370 in the next days??
i think .3300 is more realistic but we are so oversold here... who knows.

stan
  • #326,968
  • Nov 16, 2010 12:09pm Nov 16, 2010 12:09pm
shorted @ 1.3482
  • #326,969
  • Nov 16, 2010 12:09pm Nov 16, 2010 12:09pm
Quoting cloggie
They are not just on the other side, they are in another alternate universe all together.
lol
Attached Image
Thank You
  • #326,970
  • Nov 16, 2010 12:10pm Nov 16, 2010 12:10pm
Quoting Hyru
shorted @ 1.3482
too soon
Thank You
  • #326,971
  • Nov 16, 2010 12:11pm Nov 16, 2010 12:11pm
Quoting PayTheLimit
short 3595, sl 3685, tp 3475....
done for a +120....
Look Sharp/Trade Tight
  • #326,972
  • Nov 16, 2010 12:12pm Nov 16, 2010 12:12pm
Perfectly managed bear channel @ 1M about to break on the upside...
  • #326,973
  • Nov 16, 2010 12:12pm Nov 16, 2010 12:12pm
Quoting Hyru
shorted @ 1.3482

Might not be the best time to board that bus

Better off waiting for a pull back or break below 3450
Mind over matter..I don't mind and you don't matter.
  • #326,974
  • Nov 16, 2010 12:12pm Nov 16, 2010 12:12pm
Quoting wormboy
too soon
Was just going off the 5min treadline....
Still new at this, so taking small positions

Why too soon?
  • #326,975
  • Nov 16, 2010 12:14pm Nov 16, 2010 12:14pm
Euro is in Big trouble--Big trouble !! lol

i shouldn't laugh because of the strong correlation it has with the U.S stock market
  • #326,976
  • Nov 16, 2010 12:15pm Nov 16, 2010 12:15pm
if we continue to fall, I see 1.3305 as next support. I derived this from H1 chart from back on 9/23 9/24's. I am trying to think like cloggie,..I have a long way to go I know!
  • #326,977
  • Nov 16, 2010 12:17pm Nov 16, 2010 12:17pm
Quoting druckenmillr
i think .3300 is more realistic but we are so oversold here... who knows.

stan
i bet now on a small retrace in the lower timeframe - so a small long against the trend - even if the trend should be my friend...
Pecunia non olet
  • #326,978
  • Nov 16, 2010 12:18pm Nov 16, 2010 12:18pm
Quoting Hyru
Was just going off the 5min treadline....
Still new at this, so taking small positions

Why too soon?

too soon because you're selling a major support & the risk reward is not so great before a confirmed breakout, could still work in your favour tho since you're staying with the trend.

Here's the chart:
1. http://www.forexfactory.com/showpost...stcount=327171


Good luck
Thank You
  • #326,979
  • Nov 16, 2010 12:19pm Nov 16, 2010 12:19pm
Quoting wormboy
too soon
Sometimes I hate when u guys are right. Good call though.
  • #326,980
  • Nov 16, 2010 12:19pm Nov 16, 2010 12:19pm
Gator - I think the goose is cooked. I'll be looking to add yet again after a pullback.....
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