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  • #661
  • Mar 11, 2011 4:42am Mar 11, 2011 4:42am
Quoting Olu
Stopped out. The earthquake effect. Unfortunately price is right back to my entry point.

For me I am down only 75pips but my prayers are with all those affected in this earthquake

Sold again @1.3295 as my reasons for selling in the first place still existed

Pleased to say that I have closed that trade @1.3148

A great end to a week (+147pips)

I will still be watching for opportunities and will be on the thread
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If you think you can or cannot do it you are correct
  • #662
  • Mar 11, 2011 5:07am Mar 11, 2011 5:07am
nice work again , and see you next week, i'm finished for the week

Quoting Olu
A great end to a week (+147pips)
  • #663
  • Mar 11, 2011 6:00am Mar 11, 2011 6:00am
Have a nice weekend. Dont forget to post any relevant nuggets on the thread

Olu
If you think you can or cannot do it you are correct
  • #664
  • Mar 11, 2011 6:04am Mar 11, 2011 6:04am
The reason for my bailout. We are approaching support and could get a bounce from here.

If we close below the 100sma. It would be a clear signal to sell as we could be going down much lower. Will post a weekly chart soon
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If you think you can or cannot do it you are correct
  • #665
  • Mar 11, 2011 6:10am Mar 11, 2011 6:10am
As said in the previous post if the support line goes we might be looking for a solid 'sell and hold' trade all the way to 126! And this could be very rapid as it looks like we are in a wave 3 down of some sort (elliotticians please help me here). This is one to watch carefully. Watch though this pair has a big daily and weekly range. An impulsive move would help with the stop loss trailing once it is in motion

Olu
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If you think you can or cannot do it you are correct
  • #666
  • Mar 11, 2011 7:55am Mar 11, 2011 7:55am
The daily chart of the eurchf is uploaded for your consideration.

Fundamentally and technically this pair is on its way down, Price is below the 100sma and stoch has turned down firmley. Also where there are issues in this world this pair goes down
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If you think you can or cannot do it you are correct
  • #667
  • Mar 11, 2011 7:58am Mar 11, 2011 7:58am
Possibly in a worse state than eurchf. Same arguments apply. 1.4900 being tested now...
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If you think you can or cannot do it you are correct
  • #668
  • Mar 11, 2011 8:51pm Mar 11, 2011 8:51pm
Mrs. Golfer and I wish all of our fellow traders in Japan our heart felt sorrow, and hope you will soon receive help from all nations to get you back to normalsy.


golferfx
  • #669
  • Mar 12, 2011 1:06pm Mar 12, 2011 1:06pm
Quoting golferfx
Mrs. Golfer and I wish all of our fellow traders in Japan our heart felt sorrow, and hope you will soon receive help from all nations to get you back to normalsy.


golferfx
Same from me.

Olu
If you think you can or cannot do it you are correct
  • #670
  • Mar 12, 2011 1:24pm Mar 12, 2011 1:24pm
hi. sorry i havent contributed this week, have been distracted by other things.
had entry to short nzd/usd at 0.7438 (200 ema), stop at 0.7480, tp open at moment. in small loss at the mo
also entry hit to long gbp/aud at 1.5833, stop of 75 pips. probably close it gets near 1.61, would like more though. will trail stop and see how far it gets. in small profit at the mo
have a good weekend
  • #671
  • Mar 12, 2011 1:35pm Mar 12, 2011 1:35pm
long eur/aud could be coming into play soon
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  • #672
  • Mar 12, 2011 2:13pm Mar 12, 2011 2:13pm
Quoting jimbo86
long eur/aud could be coming into play soon
I like the euraud trade. I havent made up my mind the entry though

Conservatively above 1.3850.
The weekly and monthly charts are beautiful. Even a 38.2% retracement of the monthly chart is a lot of pips

Olu
If you think you can or cannot do it you are correct
  • #673
  • Mar 12, 2011 2:22pm Mar 12, 2011 2:22pm
Quoting jimbo86
hi. sorry i havent contributed this week, have been distracted by other things.
had entry to short nzd/usd at 0.7438 (200 ema), stop at 0.7480, tp open at moment. in small loss at the mo
also entry hit to long gbp/aud at 1.5833, stop of 75 pips. probably close it gets near 1.61, would like more though. will trail stop and see how far it gets. in small profit at the mo
have a good weekend
Jimbo

Glad to hear from you. We all get busy so no problemo there. You dont want to trade without giving time for proper analysis. I almost took the nzd trade but I hate breakouts that are not forceful. Hope it goes well. I am still looking to short this market though. Will keep you posted.
If you think you can or cannot do it you are correct
  • #674
  • Mar 13, 2011 11:50pm Mar 13, 2011 11:50pm
i see a potential short at 88.63ish
but is JPY going to start weakening!?
  • #675
  • Mar 14, 2011 2:28am Mar 14, 2011 2:28am
Quoting PeterE
i see a potential short at 88.63ish
but is JPY going to start weakening!?
I would stay away from JPY crosses for the moment with all what is happening in Japan and also possible BoJ intervention.
  • #676
  • Mar 14, 2011 7:35am Mar 14, 2011 7:35am
Sorry no post sunday night and this morning. Was rushing out to work

Week hasnt started too well for me . I just donated 40pip long usdchf @9300. In hindsight I now see the error in the trade.
Hopefully will get back to willing ways
If you think you can or cannot do it you are correct
  • #677
  • Mar 14, 2011 11:54am Mar 14, 2011 11:54am
3rd attempt...

Sold @1.2930 stop above the congestion
If you think you can or cannot do it you are correct
  • #678
  • Mar 14, 2011 6:51pm Mar 14, 2011 6:51pm
Quoting Olu
3rd attempt...

Sold @1.2930 stop above the congestion
for -30pip

Olu
If you think you can or cannot do it you are correct
  • #679
  • Mar 14, 2011 7:08pm Mar 14, 2011 7:08pm
in the near term bearish or bullish?

I am bearish long term but it appeaqrs there is something impulsive going on to the upside. I studied the days action in the eurchf today and it behaved in a bullish fahion. All I want to do is get on board south. And this is the 3rd attempt

Price is below the 100sma (bearish)
Stoch has turned up (bullish)
Proximity to the 100sma (i.e 100sma acting as a magnet...bullish)

Thinking of longing it looking for just short of the 100sma

Comments?
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If you think you can or cannot do it you are correct
  • #680
  • Mar 14, 2011 8:32pm Mar 14, 2011 8:32pm
all depends upon your strategy,
but looking at my 240, i see a wedge = 50/50 probability = no trade

there are easier targets than this one, for me at least

Quoting Olu
in the near term bearish or bullish? Comments?
.
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