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  • #181
  • May 12, 2011 1:57am May 12, 2011 1:57am
Good Morning All

The Intermediate bearish intentions of the Aussie have become clearer. This has been in the making since last week. The high of 1.1010 remains intact and the worse than expected employment figures sent the Aussie towards 1.0535(low of 05 May). If broken this to me will confirm the bearish intent. I am short @ 1.0604.

The Euro has broken through a trend-line on the daily chart, which has been in place since 09 Jan 2011. My take is that it now needs to break 1.4150 to confirm further bearish action. I am thinking I should monitor and act on intraday momentum.

The downtrend on the USDCHF is still firmly intact. On H4 it is moving in a Up-channel towards resistance @ 0.8900. This level was key support not so long ago, so I take it as a big one.

Happy trading.

Cheers.
  • #182
  • May 12, 2011 1:58am May 12, 2011 1:58am
I looking to see if the USD/CHU continues its climb, and if the EUR/USD continues its decent of if they are developing resistance and support. I am just watching.
  • #183
  • May 12, 2011 2:01am May 12, 2011 2:01am
Quoting Dcb
I looking to see if the USD/CHU continues its climb, and if the EUR/USD continues its decent of if they are developing resistance and support. I am just watching.
Hi Dcb

I agree....I am doing the same on those pairs.
  • #184
  • May 12, 2011 2:04am May 12, 2011 2:04am
Quoting darendse
Good Morning All

The Intermediate bearish intentions of the Aussie have become clearer. This has been in the making since last week. The high of 1.1010 remains intact and the worse than expected employment figures sent the Aussie towards 1.0535(low of 05 May). If broken this to me will confirm the bearish intent. I am short @ 1.0604.

The Euro has broken through a trend-line on the daily chart, which has been in place since 09 Jan 2011. My take is that it now needs to break 1.4150 to confirm further bearish action. I am thinking I should monitor...
Good morning darendse, I have been watching the USD/CHF knock against the 1.8900 range, and I am watching to see if it breaks out. I do not have the confidence to place a long trade. That is why I am siting on the sideline for now. The reverse is true for the EUR/USD.
  • #185
  • May 12, 2011 2:26am May 12, 2011 2:26am
Quoting Dcb
Good morning darendse, I have been watching the USD/CHF knock against the 1.8900 range, and I am watching to see if it breaks out. I do not have the confidence to place a long trade. That is why I am siting on the sideline for now. The reverse is true for the EUR/USD.

Hi Dcb

Long EU @ 1.4215 and short USDCHF @ 0.8859.

My Aussie Short was stopped out
  • #186
  • May 12, 2011 2:41am May 12, 2011 2:41am
Quoting darendse
Hi Dcb

Long EU @ 1.4215 and short USDCHF @ 0.8859.

My Aussie Short was stopped out
I am still waiting. I will be selling the USD/CHF, and buying the EUR/USD. I am waiting.
  • #187
  • May 12, 2011 2:48am May 12, 2011 2:48am
I have placed orders to sell U/C at 0.88667 and buy E/U at 1.42215. Now I wait.
  • #188
  • May 12, 2011 2:59am May 12, 2011 2:59am
eur/usd can be consolide after the new
the best indicator is trader's knowledge , experience and dicipline.
  • #189
  • May 12, 2011 3:03am May 12, 2011 3:03am
Good morning fx-season. I bought the EUR/USD at 1.42216 and sold the USD/CHF at 0.88667.
  • #190
  • May 12, 2011 3:20am May 12, 2011 3:20am
eur/usd may move with gbp news , Manufacturing Production m/m

not an advice , just my opinions... high risk warning...
the best indicator is trader's knowledge , experience and dicipline.
  • #191
  • May 12, 2011 3:23am May 12, 2011 3:23am
Quoting fx-season
eur/usd may move with gbp news , Manufacturing Production m/m

not an advice , just my opinions... high risk warning...
You were right about the GBP yesterday. I may be stopped out in my EUR/USD.
  • #192
  • May 12, 2011 3:34am May 12, 2011 3:34am
Quoting fx-season
eur/usd may move with gbp news , Manufacturing Production m/m

not an advice , just my opinions... high risk warning...
fx-season, You were right about the EUR/USD, I was stopped at 1.42216 for a loss of 16.2 PIPs. I have tightened my SL for my short position of USD/CHF.
  • #193
  • May 12, 2011 3:37am May 12, 2011 3:37am
Stopped out of the short USD/CHF at 0.88706 for a loss of 3.9 PIPs.
  • #194
  • May 12, 2011 3:37am May 12, 2011 3:37am
Quoting Dcb
You were right about the GBP yesterday. I may be stopped out in my EUR/USD.

I have been stopped out on all my trades. Weak moves this morning

Received another signal to short Aussie, so I am back in @ same price 1.0604.
  • #195
  • May 12, 2011 3:42am May 12, 2011 3:42am
Quoting darendse
I have been stopped out on all my trades. Weak moves this morning

Received another signal to short Aussie, so I am back in @ same price 1.0604.
Good luck!
  • #196
  • May 12, 2011 3:45am May 12, 2011 3:45am
You know, It was my own fault. I should have waited until it had clearly shown it was reversing.
  • #197
  • May 12, 2011 3:46am May 12, 2011 3:46am
sorry to hear it. i wish i was not rigth about it.

but , i dont know your sistem and strategy actually. i mean , your TP , SL , leverage etc. i am just sharing my short term opinions. i dont know if my opinions and expectations will fit your sistem , etc...
wishing beat trades for all.
the best indicator is trader's knowledge , experience and dicipline.
  • #198
  • May 12, 2011 3:48am May 12, 2011 3:48am
""wishing best trades for all (sorry for misspelling)""
the best indicator is trader's knowledge , experience and dicipline.
  • #199
  • May 12, 2011 3:54am May 12, 2011 3:54am
Quoting Dcb
Good luck!

Thx Dcb.... +15 on Aussie....don't like moves this morning. Will continue to watch.

Hi fx-season....I value your opinions so keep them coming, but I take all my trade signals from the charts. Unfortunately cannot win them all....it is the nature of this game.

Cheers.
  • #200
  • May 12, 2011 4:01am May 12, 2011 4:01am
sure , i see.
i just missed gbp short opurtunity because i was busy with commenting... silly me
the best indicator is trader's knowledge , experience and dicipline.
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