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  • #578,421
  • Dec 29, 2011 6:43am Dec 29, 2011 6:43am
Quoting Pipsforall
Well, we hit the year low, and everyone in the world is short, so I'm going with the contrarian trade here, sure would be one helluvah a short squeeze, and I'm not being a pig, just going for 140 pips from here.
there's some logic in there but a big risk. I would aim for 1.3000, by this yr.
  • #578,422
  • Dec 29, 2011 6:44am Dec 29, 2011 6:44am
It be stupid to actually short now. I would go long. Every shorts need profit taking. I believe it's time for retracement
  • #578,423
  • Dec 29, 2011 6:46am Dec 29, 2011 6:46am
Quoting Nachiket
well done mate. patience paid. so where does P/L account end on Dec 31st.

in a very happy place
  • #578,424
  • Dec 29, 2011 6:49am Dec 29, 2011 6:49am
Quoting TheBanker
It be stupid to actually short now. I would go long. Every shorts need profit taking. I believe it's time for retracement
i have already booked 20 pip profit on 1/2, let run rest on BE , News time (in 40 mins) it should test 2900.
Mohan
  • #578,425
  • Dec 29, 2011 6:52am Dec 29, 2011 6:52am
Quoting motoro
there's some logic in there but a big risk. I would aim for 1.3000, by this yr.
Thanks, I actually think price will go higher than 1.3010, probably 1.3040 or even 1.31 if we get a squeeze, but I won't be in my trade by then. lol But, you're right, 1.30 is nice round number target and assuming we get anywhere near there, I will probably be taking manual profit on the way up.
Yay! Pips for everyone!
  • #578,426
  • Dec 29, 2011 6:54am Dec 29, 2011 6:54am
Quoting LaMaschera
Sorry My friend, he is not answering, I think he went to Buenos Aires for the weekend, he like a lot those South Americans girls, you know the festivities, he is having fun, not like us looking at lines on the screen.

Here, he just sent me a pic, I do not think he is going to get back to me. Would you?

Your mate
LM

Do you live in Europe ? , looks your working on Asian time .
Mohan
  • #578,427
  • Dec 29, 2011 6:58am Dec 29, 2011 6:58am
Quoting Pipsforall
Long here, hoping for 1.3010. Kneeling on hands and praying. lol
I too want to see a 200 pip rally so that I can short the next time

short is the flavour of next year again.
  • #578,428
  • Dec 29, 2011 6:59am Dec 29, 2011 6:59am
Quoting mohan76
i have already booked 20 pip profit on 1/2, let run rest on BE , News time (in 40 mins) it should test 2900.

and 1.29 just happens to be;

1. 50% retrace of this mornings move down
2. top M5 TL
3. should be a resistence point now as well.

I might have to take back what I said about no more trades and place a pending sell for 1.29
  • #578,429
  • Dec 29, 2011 7:02am Dec 29, 2011 7:02am
Quoting MaxDoom
and 1.29 just happens to be;

1. 50% retrace of this mornings move down
2. top M5 TL
3. should be a resistence point now as well.

I might have to take back what I said about no more trades and place a pending sell for 1.29
planing to let run till end of year

Edit : it's a very small trade , my eyes start to close it self , if possible take this pair to 1.31 please....
Mohan
  • #578,430
  • Dec 29, 2011 7:02am Dec 29, 2011 7:02am
Quoting Nachiket
I too want to see a 200 pip rally so that I can short the next time

short is the flavour of next year again.
I'll be shorting on a 200 pip rally too.
Yay! Pips for everyone!
  • #578,431
  • Dec 29, 2011 7:08am Dec 29, 2011 7:08am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
long
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give 1 and get 100
  • #578,432
  • Dec 29, 2011 7:11am Dec 29, 2011 7:11am
eu in mofu actiion , too uncertain the movements next .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #578,433
  • Dec 29, 2011 7:24am Dec 29, 2011 7:24am
taken the short after it has reached and pulled back from the likely retracement target for an ABC correction of todays move...
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  • #578,434
  • Dec 29, 2011 7:25am Dec 29, 2011 7:25am
Quoting mohan76
Do you live in Europe ? , looks your working on Asian time .
I live between, Rome, London and Sydney. The best cities in the world.

Anyway Melbourne is not that bad.
Beauty awakens the soul to act. Dante Alighieri
  • #578,435
  • Dec 29, 2011 7:25am Dec 29, 2011 7:25am
Quoting fontu
eu in mofu actiion , too uncertain the movements next .
fontu
good chart, nice observation of lower trend line
  • #578,436
  • Dec 29, 2011 7:35am Dec 29, 2011 7:35am
Quoting MaxDoom
taken the short after it has reached and pulled back from the likely retracement target for an ABC correction of todays move...

alternative count if the high of 1.2893 gets taken is for ABC to end between 1.2900 and 1.2910....
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  • #578,437
  • Dec 29, 2011 7:36am Dec 29, 2011 7:36am
Quoting hindustani
good chart, nice observation of lower trend line
Thanks , lets see where the market taking us at last .next wtach 2932 if breaks 2952 or sell again start .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #578,438
  • Dec 29, 2011 7:41am Dec 29, 2011 7:41am
donno know why ?
  • #578,439
  • Dec 29, 2011 7:43am Dec 29, 2011 7:43am
Quoting LaMaschera
I live between, Rome, London and Sydney. The best cities in the world.

Anyway Melbourne is not that bad.
so now in Sydney ?


50 reasons Melbourne is the world's most livable city
http://www.cnngo.com/sydney/visit/re...iveable-257261
Mohan
  • #578,440
  • Dec 29, 2011 7:48am Dec 29, 2011 7:48am
Quoting Nachiket
donno know why ?
Very good chicago PMI can make it
Mohan
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