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EURUSD

  • #443,761
  • May 17, 2011 9:01pm May 17, 2011 9:01pm
USD/CHF closed above .8800 on the H4, which is pretty major support. Shorting EUR/USD
motivation
  • #443,762
  • May 17, 2011 9:05pm May 17, 2011 9:05pm
Quoting futurebless
USD/CHF closed above .8800 on the H4, which is pretty major support. Shorting EUR/USD
yep, but look at that pattern... it might fail, it might not. that's swissy... mirror it, and you have the e/u-chart... hourly.
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  • #443,763
  • May 17, 2011 9:15pm May 17, 2011 9:15pm
Hmm I still have a long Bais. Volume in the last two days has been larger than the last two weeks or so. I think the big boys are buying expecting the price to go higher. Of course it could be they expect the price to tank again, but the buying is being done on the lows which lends it self to upward movement.

Course it all depends on if we move through that pivot, S/R line and USD Indi clears the S/R
  • #443,764
  • May 17, 2011 9:22pm May 17, 2011 9:22pm
Quoting kenfen69
Wifey played a pretty good joke on me when I left Costa Rica. Will tell you in a bit...just getting set up here...
So...

Arrive in Miami. Pay for taxi at hotel and notice less than $100USD in wallet. Get checked in...go for a walk...stop at bank to get some dollar$. NO fakking bank card! Mild panic...

Bank card is weapon of choice...not a credit card fan. But...maybe card is in a bag at hotel? Contemplate using a credit card to get cash. Discover all but one are missing...a real shite card...to do with one of my other businesses...fak all of a limit. Bollocks...I got robbed in Costa Rica!

Back to the hotel. Getting ready to call the missus (in CR) to tell her to check her stuff. Rifling through my wallet...find note...Forget Forge!

Biatch!

Three footnotes...

 

  1. Cards en-route with Fedex...manana.
  2. Cashed my 20 Eagle travel stash at a bank. After fees...$30/ounce
  3. First bank wouldn't take my "emergency note" 500eur bill. Had to recommend a "bigger" bank. Exchanged it there...$663USD! Youch!


Sorry the story took so long g8r...Tara called, feeling blue about her ways...again!

Pain in the hole! 500eur notes aren't the easiest to come by. I'm now down mine, and will have to arrange a replacement through my sister.

Anyway...when me cards arrive...I'll forget it all at Forge!

  • #443,765
  • May 17, 2011 9:23pm May 17, 2011 9:23pm
s 13 lots, I don't like peripherals, esp. Greece, taking too long to resolve! This is a sign of indecision, which leads too much uncertainty. I will short any rally short term, adding lots every 50 pips or so.

EU is all smoke and mirrors ...
  • #443,766
  • May 17, 2011 9:24pm May 17, 2011 9:24pm
Quoting ady_babe
Hmm I still have a long Bais. Volume in the last two days has been larger than the last two weeks or so. I think the big boys are buying expecting the price to go higher. Of course it could be they expect the price to tank again, but the buying is being done on the lows which lends it self to upward movement.

Course it all depends on if we move through that pivot, S/R line and USD Indi clears the S/R
the support speaks for itself atm. btw... I don't like asia any more, they're suckers.
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  • #443,767
  • May 17, 2011 9:27pm May 17, 2011 9:27pm
Bulls should be thanking me for contributing to that momentum push above 62.5. In any case, I'm looking higher to short just need to find some new levels.
Don't have an ego. Always question yourself and your ability.
  • #443,768
  • May 17, 2011 9:33pm May 17, 2011 9:33pm
Im scalping treating this as a range until we clear North 4276 or South 4238 in which case I will have a punt.
Gat what are you saying is S/R line on USD
  • #443,769
  • May 17, 2011 9:37pm May 17, 2011 9:37pm
5 month trend broken and holding ...

http://http://4.bp.blogspot.com/-dvI...+month+USD.JPG
  • #443,770
  • May 17, 2011 9:38pm May 17, 2011 9:38pm
Try this!


http://4.bp.blogspot.com/-dvIWBiV782...+month+USD.JPG
  • #443,771
  • May 17, 2011 9:39pm May 17, 2011 9:39pm
Quoting ady_babe
Im scalping treating this as a range until we clear North 4276 or South 4238 in which case I will have a punt.
Good plan!

Quoting ady_babe
Gat what are you saying is S/R line on USD
What say thee?

Hope you closed that 69 at the bottom?
  • #443,772
  • May 17, 2011 9:43pm May 17, 2011 9:43pm
Quoting kenfen69
Good plan!



What say thee?

Hope you closed that 69 at the bottom?
I have the FXCM data for the USD index but it only charts a small way back. So I thought Gator might have a level there. I have 9629 but I could be out.

Always working 69 but only to the North, South a bit messy.
  • #443,773
  • May 17, 2011 9:46pm May 17, 2011 9:46pm
dixy
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  • #443,774
  • May 17, 2011 9:47pm May 17, 2011 9:47pm
Quoting jfal013
s 13 lots, I don't like peripherals, esp. Greece, taking too long to resolve! This is a sign of indecision, which leads too much uncertainty. I will short any rally short term, adding lots every 50 pips or so.

EU is all smoke and mirrors ...

Dude your loaded for Bear....GLTY
  • #443,775
  • May 17, 2011 9:50pm May 17, 2011 9:50pm
Waiting to see reaction at my level of 4316. May short there.
  • #443,776
  • May 17, 2011 9:53pm May 17, 2011 9:53pm
just an observation. 30m candle closed on the bull side of a b/o/.. as always s/r can stop a b/o.. we got some big ones up there. but we did close just below them with a bull trying to cross the fence. can he do it? or will he get his nutz hung up on the barbed wire?
those who can, do. those who cant, talk about those who can
  • #443,777
  • May 17, 2011 9:56pm May 17, 2011 9:56pm
IF you look at the H4 for the USD/CHF then you can see it retraced to the 50% and that is the top of a head and shoulder pattern. If price breaks below short term support at .87872 then I believe it will continue down.

This is will be reinforced if first the EUR/USD can break through the 23.6% fib retracement (from the down leg started on may 5th) and the Resistance level 1 on the daily pivots, and hold. Support is currently being held also by the 23.6% level from the replacement in the up move today.



EUR/USD
Long at : 1.4280
Short at: 1.4235


On the EUR/USD, If Long, I will be looking for a take profit up to the 38.2% replacement level at 1.4370

If short , first TP at 1.4140
  • #443,778
  • May 17, 2011 10:01pm May 17, 2011 10:01pm
Quoting gatorinla
just an observation. 30m candle closed on the bull side of a b/o/.. as always s/r can stop a b/o.. we got some big ones up there. but we did close just below them with a bull trying to cross the fence. can he do it? or will he get his nutz hung up on the barbed wire?
Hanging on to my longs, target 1.4323, eyes closed.
The Thief of Wall Street
  • #443,779
  • May 17, 2011 10:04pm May 17, 2011 10:04pm
Quoting Chicky
Hanging on to my longs, target 1.4323, eyes closed.

Is there anything to save the US Dollar tonight? It looks like it's resuming its fall, but I don't know, it is bound to be a fight. I shorted at 1.413 on Sunday, I'm prepared for a correction as far as 1.445 before I switch to Bull on EUR/USD, I have a silver hedge....and short yen.....

I made my money on the yen, but should i still consider this Eur/USD short a viable trade? If I can read where it's going, I can get out beforehand, or even switch to Long/hedge...
  • #443,780
  • May 17, 2011 10:12pm May 17, 2011 10:12pm
be careful of the 15 30 60 min closes below 4267. if long.
those who can, do. those who cant, talk about those who can
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