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  • #1,141
  • Jul 28, 2011 1:05am Jul 28, 2011 1:05am
Took some at 1.43720 ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,142
  • Jul 28, 2011 1:13am Jul 28, 2011 1:13am
Quoting mercy seat
Took some at 1.43720 ...



;-|

Partial profits at 1.43510 ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,143
  • Jul 28, 2011 1:23am Jul 28, 2011 1:23am
First step covered 1.43411 ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,144
  • Jul 28, 2011 1:28am Jul 28, 2011 1:28am
Quoting mercy seat
First step covered 1.43411 ...



;-|

Re-enterd at 1.43557 ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,145
  • Jul 28, 2011 1:28am Jul 28, 2011 1:28am
Moin Fini !
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,146
  • Jul 28, 2011 1:50am Jul 28, 2011 1:50am
Good morning fellow traders.

How I see it EU may be in a correctional phase as we are still in uptrend. We could see 4330 tested again but afterwards we could see a jump.

4285 needs to remain strong for uptrend continuation.

My only trade atm is AUDUSD scalp

E: 1.0336
S/l:1.0100

TP: open ( some scaling out soon)

Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 129 KB


Why I put wider s/l for scalping? Because it is safer and it always can turn into an INTRADAY trade.
  • #1,147
  • Jul 28, 2011 1:52am Jul 28, 2011 1:52am
Good Morning all.
This is what I'm looking at the moment.
On daily we have a strong bearish engulfing pattern and we are right back into the triangle. Adding that a potential decision may be made within 2 weeks regarding debt ceiling in the US, that france AAA rating is challenged and that Germany has still made no decision regarding the €400bns bailout, all of this favour a move down.

I read on fxstreet that the move of yesterday was based on the rumour that 2 italian banks may go belly up and that due to low volume a lot of SL were hit at 1.444.

In essence, I don't see any upside any time soon unless we break 1.444

However, we are sitting right on top of the LTL (cf. chart - it has been bouncing along a few times this morning) and still within demand as long as we don't cross 1.432.

My plan of action: Below 1.432 (a strong support line) I would go short but I'll be careful of a good bounce back up at 1.428 or preferrably at 1.424
We are below DP at the moment. first target would be S1 at 1.4299 then S2 at 1.4219. If there is a bounce up, we may see 1.433 again.

Hope this makes sense, this is such a brilliant thread!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD - 280711.jpg Size: 240 KB
  • #1,148
  • Jul 28, 2011 2:09am Jul 28, 2011 2:09am
Quoting BrunargarFx
Good Morning all.
This is what I'm looking at the moment.
.....
Hope this makes sense, this is such a brilliant thread!
Thanx for comments.

Yes we are seeing some sell off and now its hard to say where it will stop.

From my point of view. First major support is 4330, thats why you apply 8-10 pips s/l below it so for buy the dip 4322-20 is the s/l.

Another push through the stops brings us closer to 4300 4285 where another buy is possible.
  • #1,149
  • Jul 28, 2011 2:19am Jul 28, 2011 2:19am
Quoting mercy seat
Good morning fellow traders!


Sell the rallies mode at first we play ...

Not that much changed ...

As long as below 1.4377/ 87 we love to do it that way at first ...

Projection as mentioned yesterday ...

1.4339 ... 1.4324/ 16 ... 1.4292 (in case of an extention)


;-|

Played REVERSO at 1.4339 ...

and covered major parts at 1.43526 ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,150
  • Jul 28, 2011 2:33am Jul 28, 2011 2:33am
Quoting mercy seat
Played REVERSO at 1.4339 ...

and covered major parts at 1.43526 ...




;-|

Immidiate range is 1.4324 - 1.4375 ...

As long as capped there ... we will play the range ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,151
  • Jul 28, 2011 2:47am Jul 28, 2011 2:47am
Quoting mercy seat
Immidiate range is 1.4324 - 1.4375 ...

As long as capped there ... we will play the range ...



;-|

A REVERSO now ...

Short again 1.43641 ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,152
  • Jul 28, 2011 2:52am Jul 28, 2011 2:52am
Quoting mercy seat
A REVERSO now ...

Short again 1.43641 ...



;-|

Partials covered at 1.43540 ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,153
  • Jul 28, 2011 2:52am Jul 28, 2011 2:52am
Quoting T@rantula
Good morning fellow traders.

How I see it EU may be in a correctional phase as we are still in uptrend. We could see 4330 tested again but afterwards we could see a jump.

4285 needs to remain strong for uptrend continuation.

My only trade atm is AUDUSD scalp

E: 1.0336
S/l:1.0100

TP: open ( some scaling out soon)

Attachment

+18 waiting for retracment

Well closed all +18

Why I put wider s/l for scalping? Because it is safer and it always can turn into an INTRADAY trade.
Well +18 closed . W8ing for retracement
  • #1,154
  • Jul 28, 2011 2:59am Jul 28, 2011 2:59am
Quoting T@rantula
Well +18 closed . W8ing for retracement
Maybe a premature exit but well...Every thrust has a retracement
  • #1,155
  • Jul 28, 2011 3:17am Jul 28, 2011 3:17am
WEnt long at 1.4362 (break of the UTL of yesterday)
SL:1.4355 (at BE now)
This does not invalidate a further move down. I'll be more confident with longs if we reach 1.444
As Cloggie say, London generally gives the direction for the day - so hopefully he's right
  • #1,156
  • Jul 28, 2011 3:20am Jul 28, 2011 3:20am
Re-entered short at 1.43931 ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,157
  • Jul 28, 2011 3:30am Jul 28, 2011 3:30am
You reckon 4400 is the ceiling for today? I do hope
Don't get mad, get even!
  • #1,158
  • Jul 28, 2011 3:36am Jul 28, 2011 3:36am
Quoting BrunargarFx
WEnt long at 1.4362 (break of the UTL of yesterday)
SL:1.4355 (at BE now)
This does not invalidate a further move down. I'll be more confident with longs if we reach 1.444
As Cloggie say, London generally gives the direction for the day - so hopefully he's right
It doesnt necessarily means London gives a general direction as US can turn the tide. Also when we are ranging its always better to play the range properly then blindly follow the trend bias.
  • #1,159
  • Jul 28, 2011 3:51am Jul 28, 2011 3:51am
Quoting stulic
You reckon 4400 is the ceiling for today? I do hope
If 4400 is ceiling ( which it may be) then welcome 4285
  • #1,160
  • Jul 28, 2011 3:55am Jul 28, 2011 3:55am
Quoting T@rantula
If 4400 is ceiling ( which it may be) then welcome 4285
absolutely agree
Hero calls followed by margin calls...
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