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  • #14,881
  • Jun 7, 2012 2:33am Jun 7, 2012 2:33am
I think this is heading down..USDx Just my opn of course
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  • #14,882
  • Jun 7, 2012 2:56am Jun 7, 2012 2:56am
Good trades Danc. I got into some scalp trades but already closed most of it, would like to see 2612 for first scalp short opportunity then we could see 2620.

Been buying the dips as per analyis.
  • #14,883
  • Jun 7, 2012 3:51am Jun 7, 2012 3:51am
2560, watching it and if it bounces off couple of times may be good for buying, if it breaks thru fast I will wait more.

Its profit taking atm.
  • #14,884
  • Jun 7, 2012 4:04am Jun 7, 2012 4:04am
Quoting T@rantula
2560, watching it and if it bounces off couple of times may be good for buying, if it breaks thru fast I will wait more.

Its profit taking atm.
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  • #14,885
  • Jun 7, 2012 4:58am Jun 7, 2012 4:58am
Buy into dips Hope ur enjoying the day.
  • #14,886
  • Jun 7, 2012 5:46am Jun 7, 2012 5:46am
Quoting danc
Long this at 2566
Closed this +30
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  • #14,887
  • Jun 7, 2012 5:49am Jun 7, 2012 5:49am
Quoting danc
Closed this +30
  • #14,888
  • Jun 7, 2012 5:51am Jun 7, 2012 5:51am
Quoting danc
Long this at 5473..
Closed this ++ 97.. Off to bed.. see u morrow.. this could be short..??
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  • #14,889
  • Jun 7, 2012 6:12am Jun 7, 2012 6:12am
Quoting danc
Closed this ++ 97.. Off to bed.. see u morrow.. this could be short..??
5600 short max 5630, have a good night m8!
  • #14,890
  • Jun 7, 2012 6:25am Jun 7, 2012 6:25am
I am

I think we'll break 1.262
Quoting T@rantula
Buy into dips Hope ur enjoying the day.
  • #14,891
  • Jun 7, 2012 6:28am Jun 7, 2012 6:28am
covered 1/3 of my positions @ 1.262
Quoting BrunargarFx
I am

I think we'll break 1.262
  • #14,892
  • Jun 7, 2012 8:08am Jun 7, 2012 8:08am
S/O @ 1.258
Reloeaded @ 1.256, support @ 1.2556 holding so far... let see
We often get that when B. or other speak, it goes down (or up) allowing to hunt the SL and reload.

I look at M5 and M15, tails are down suggesting exhaustion of move down...

What worries me is gold tanking below 1600


Quoting BrunargarFx
covered 1/3 of my positions @ 1.262
  • #14,893
  • Jun 7, 2012 8:13am Jun 7, 2012 8:13am
S/O @ BE
Quoting BrunargarFx
S/O @ 1.258
Reloeaded @ 1.256, support @ 1.2556 holding so far... let see
We often get that when B. or other speak, it goes down (or up) allowing to hunt the SL and reload.

I look at M5 and M15, tails are down suggesting exhaustion of move down...

What worries me is gold tanking below 1600
  • #14,894
  • Jun 7, 2012 8:27am Jun 7, 2012 8:27am
Take care guys, ill update the analysis tomorrow. 2620 has been hit so I need to make additional analysis.
  • #14,895
  • Jun 7, 2012 8:54am Jun 7, 2012 8:54am
If we break it this will mess up things a little for bears.
I'd like to see a retest to be honest
Quoting T@rantula
Take care guys, ill update the analysis tomorrow. 2620 has been hit so I need to make additional analysis.
  • #14,896
  • Jun 7, 2012 10:17am Jun 7, 2012 10:17am
1.2585 broken, 1.262x next
Quoting BrunargarFx
If we break it this will mess up things a little for bears.
I'd like to see a retest to be honest
  • #14,897
  • Jun 8, 2012 12:34am Jun 8, 2012 12:34am
It didn't even retest and drop 120 pips overnight...
BReak of the LTL implies resumption of downtrend.
Waiting for a bounce to S
1.248 should be a good support, if broken we'll visit the 1.244 level

Quoting BrunargarFx
1.2585 broken, 1.262x next
  • #14,898
  • Jun 8, 2012 1:01am Jun 8, 2012 1:01am
Quoting BrunargarFx
It didn't even retest and drop 120 pips overnight...
BReak of the LTL implies resumption of downtrend.
Waiting for a bounce to S
1.248 should be a good support, if broken we'll visit the 1.244 level
Hey Brun and guys!

It will be tricky today. Straight/direct drop to 2480 indicated strong sell off. Big money looks to safely close the trading week.

We need to pay attention to 2480, and if it breaks 2460, 2445.

Direct drop is usually "closing the longs" pattern more then a trend ( grinding down) so we could see again jump to 2600+.

Switch to lower Tfs and scalp the market is the strategy for today.
  • #14,899
  • Jun 8, 2012 1:45am Jun 8, 2012 1:45am
HI T.
Looks like risk is definitely off and it's friday after all!

We were always still pretty much in a downtrend (and the fundies are against the Euro) and to me the last move up was just a pullback.Somehow I was expecting some bullshit move yesterday with a break of 1.262x to mess things up a little bit but that never materialized. 2460 is 50% retracement of that last move up (in one night), 1.2445 is weekly pivot (and I have S3 @ .2448 but could be wrong on that coz I calculated quickly), this is where I would expect some bounce to take place now (if any).

We're on our way back to much lower level.
Daily ATR is done already but this smells more like a whopper of a day.


Quoting T@rantula
Hey Brun and guys!

It will be tricky today. Straight/direct drop to 2480 indicated strong sell off. Big money looks to safely close the trading week.

We need to pay attention to 2480, and if it breaks 2460, 2445.

Direct drop is usually "closing the longs" pattern more then a trend ( grinding down) so we could see again jump to 2600+.

Switch to lower Tfs and scalp the market is the strategy for today.
  • #14,900
  • Jun 8, 2012 2:02am Jun 8, 2012 2:02am
Quoting BrunargarFx
HI T.
Looks like risk is definitely off and it's friday after all!

We were always still pretty much in a downtrend (and the fundies are against the Euro) and to me the last move up was just a pullback.Somehow I was expecting some bullshit move yesterday with a break of 1.262x to mess things up a little bit but that never materialized. 2460 is 50% retracement of that last move up (in one night), 1.2445 is weekly pivot (and I have S3 @ .2448 but could be wrong on that coz I calculated quickly), this is where I would expect some bounce to take...
Would like to see 2445 but thats also what big boys expect, wouldnt surprise me if it bounces off 2452-5 just to screw pending orders. No reason to worry today, its Friday so anything is possible.

I just hate direct drop, that means shorting into support and that gives us no retrace.
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