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  • #370,201
  • Jan 21, 2011 10:16am Jan 21, 2011 10:16am
Quoting wannaberich
could u please post a chart supporting that? thanks.
Him having a scotch ?
  • #370,202
  • Jan 21, 2011 10:17am Jan 21, 2011 10:17am
Quoting wannaberich
could u please post a chart supporting that? thanks.

lol..
Look Sharp/Trade Tight
  • #370,203
  • Jan 21, 2011 10:23am Jan 21, 2011 10:23am
i would like to bring forward the possibility that eur is so bullish that it doesnt even care its at the 50% fibo.

that too and that my trade is 5 pips underwater.
  • #370,204
  • Jan 21, 2011 10:25am Jan 21, 2011 10:25am
Someone told me to put the daily pivot point on a chart and never trade against it. Seems like an easy thing to do - but not in practice. I've added to my shorts at .3600. I don't believe this move is sustainable.
  • #370,205
  • Jan 21, 2011 10:25am Jan 21, 2011 10:25am
i'll do the same

and i can easily be convinced on taking that position!
Quoting kill56
lol with ice
dreams do come true.
  • #370,206
  • Jan 21, 2011 10:31am Jan 21, 2011 10:31am
Quoting Bruce Flea
I'd be surprised if it hits that today.

London is closed, and NY seems a bit lazy.

A drift down to regroup before a solid assault on .36 would be my take.

are we ending the week on monthly ,weekly and daily highs ?

no retracing the china group going to hold the line again?
  • #370,207
  • Jan 21, 2011 10:35am Jan 21, 2011 10:35am
IMHO, I suspect Asia will sell this rally, will see how it goes Monday morning, otherwise 3680 would give us a way to 3800
  • #370,208
  • Jan 21, 2011 10:35am Jan 21, 2011 10:35am
Quoting akhtergroup
during times like this, its best to know ur position, set trades within limits and keep a cool head; in this 'state' the market can easily confuse you to make bets you would otherwise never make.

Still selling all highs, said it before, saying it again. liquidating blocks out of the market inventory. Selling it in the long-run and holding discretionary longs in the short-run (ie. hoarding shorts .. everything being bought is immediately being sold). The current price appreciation is within liquidity providing limits. Long-support will vanish...
Clever chap, one of the few here who is actually on the level here. Shorts are being built, but fast money players looking for higher print.



Defense on 1.3495 wont last for long.
  • #370,209
  • Jan 21, 2011 10:36am Jan 21, 2011 10:36am
Quoting ForexTreeGuy
are we ending the week on monthly ,weekly and daily highs ?

no retracing the china group going to hold the line again?
New year's high
  • #370,210
  • Jan 21, 2011 10:36am Jan 21, 2011 10:36am
Pardon me, 1.3595
  • #370,211
  • Jan 21, 2011 10:37am Jan 21, 2011 10:37am
Quoting ForexTreeGuy
are we ending the week on monthly ,weekly and daily highs ?

no retracing the china group going to hold the line again?

GBP/usd 1.6039
  • #370,212
  • Jan 21, 2011 10:38am Jan 21, 2011 10:38am
Quoting PayTheLimit
long 3577, sl 3566, tp 3607...
out at 3602..+25...close enough...
Look Sharp/Trade Tight
  • #370,213
  • Jan 21, 2011 10:39am Jan 21, 2011 10:39am
the systematic fake outs on the CME get on my nervs , closing all my longs ... tired of waiting ! ..... just dont seem to happen.


Happy weekend all ! may the green pips be with you !
  • #370,214
  • Jan 21, 2011 10:40am Jan 21, 2011 10:40am
added to my shorts , my target is 21-55 EMA on 4H chart (around 1.345), if i find momo i will hold till 4h 200 SMA , i am betting the dollar will rise against eur gbp and chf(long term , target 1.03)

what makes me nervous is the hell of the news on euro next monday , but i believe it will lose some grounds in the asian session , hope i am true

if nothing happens as i want i will take a break of 1 week then resume :S
  • #370,215
  • Jan 21, 2011 10:42am Jan 21, 2011 10:42am
Quoting PayTheLimit
out at 3602..+25...close enough...
Nice - i had my doubts on this one for ya but the scotch must have been your "edge"
  • #370,216
  • Jan 21, 2011 10:45am Jan 21, 2011 10:45am
Quoting AllyB
Nice - i had my doubts on this one for ya but the scotch must have been your "edge"
I got lucky, was working on this 2HR chart, and changed my TP, lucky....I've been a little lucky all week...

fixed the chart colors..
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 14 KB
Look Sharp/Trade Tight
  • #370,217
  • Jan 21, 2011 10:48am Jan 21, 2011 10:48am
Quoting PayTheLimit
out at 3602..+25...close enough...


well played . still like to see this scotch chart we may get Investopedia to add it to the mix.
  • #370,218
  • Jan 21, 2011 10:51am Jan 21, 2011 10:51am
I think eu is heading to the 61.8 level, 3740... We will possibly see it on monday or tuesday.
Attached Image (click to enlarge)
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  • #370,219
  • Jan 21, 2011 10:51am Jan 21, 2011 10:51am
still would like to see 3607, for the hell of it....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 15 KB
Look Sharp/Trade Tight
  • #370,220
  • Jan 21, 2011 10:57am Jan 21, 2011 10:57am
Quoting mr.fibo
I think eu is heading to the 61.8 level, 3740... We will possibly see it on monday or tuesday.
I don't see any reason why we wouldn't. I'm currently LONG and don't see anything in the technicals that would indicate covering my position. Momentum is still to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Jan. 21 13.54.jpg Size: 226 KB
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