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  • #684,681
  • Aug 27, 2012 3:39pm Aug 27, 2012 3:39pm
I'm beginning to reevaluate my short position based upon two things. First, we've reached really good support on the hourly chart and is looking somewhat oversold. Secondly, the dollar index closed above an important resistance level but it doesn't look strong at this point to me and could be due for a pull back. I'll see where this hourly close is at and close my position contingent on its location.

http://img.photobucket.com/albums/v6...7at13621PM.png

http://img.photobucket.com/albums/v6...7at13607PM.png
  • #684,682
  • Aug 27, 2012 3:42pm Aug 27, 2012 3:42pm
Quoting NewbTrader7
I'm beginning to reevaluate my short position based upon two things. First, we've reached really good support on the hourly chart and is looking somewhat oversold. Secondly, the dollar index closed above an important resistance level but it doesn't look strong at this point to me and could be due for a pull back. I'll see where this hourly close is at and close my position contingent on its location.

http://img.photobucket.com/albums/v6...7at13621PM.png

http://img.photobucket.com/albums/v6...7at13607PM.png...
Generally good idea to cover at NY close as there is always a retracement most of the time. London and NY always want to pick tops and bottoms.
  • #684,683
  • Aug 27, 2012 3:46pm Aug 27, 2012 3:46pm
Quoting Chanya
Cool . Goodie you are not a scalper too ...
Sometimes, but for now big profits are in the air.
Ucad long, Audusd short, Usd/Inr short (for the swap)
Euraud short (not so sure about that one)
An yes while almost everyone says Eu long, I am short
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  • #684,684
  • Aug 27, 2012 3:47pm Aug 27, 2012 3:47pm
Quoting KillerWhale
I have some profits locked @ 1.0440.
My target is 1.0180
I was getting bullish in Asia on AudUsd waiting for 1.0335 but the low never came around London time(holiday) which might have caused it to become bearish... I was looking to sell at 1.04 but missed out. 1.0335 should not really have any effect now but might offer a retrace.

For the week I'm bullish on this pair because retailers are short.... Might be a big range
  • #684,685
  • Aug 27, 2012 3:49pm Aug 27, 2012 3:49pm
Quoting sidhujag
I was getting bullish in Asia on AudUsd waiting for 1.0335 but the low never came around London time(holiday) which might have caused it to become bearish... I was looking to sell at 1.04 but missed out. 1.0335 should not really have any effect now but might offer a retrace.

For the week I'm bullish on this pair because retailers are short.... Might be a big range
Think you are right, 1.0335 might give retrace but I'll stay short.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #684,686
  • Aug 27, 2012 3:50pm Aug 27, 2012 3:50pm
heee...I don´t think it will hold it...! 1.2440 ahead!
  • #684,687
  • Aug 27, 2012 3:57pm Aug 27, 2012 3:57pm
went to gym at lunch and returned to a chart that hasn't budged but a pip.
  • #684,688
  • Aug 27, 2012 3:59pm Aug 27, 2012 3:59pm
Quoting Chanya
Wait 5 mins Plz ... Wanna show you something interesting ...
your big fat finger it´s not mooving up the market
  • #684,689
  • Aug 27, 2012 4:01pm Aug 27, 2012 4:01pm
Quoting sidhujag
Generally good idea to cover at NY close as there is always a retracement most of the time. London and NY always want to pick tops and bottoms.
I think you're right. I closed my position, will wait patiently for something better to develop. I'm extremely happy with what I made from that short. Thanks Rags2Riches for the support and everyone else who gave me advice during this trade. I'm going to eat then sleep.
  • #684,690
  • Aug 27, 2012 4:01pm Aug 27, 2012 4:01pm
Quoting sdcasper
went to gym at lunch and returned to a chart that hasn't budged but a pip.
at less you went to gym...others passes all the time, watching!
  • #684,691
  • Aug 27, 2012 4:02pm Aug 27, 2012 4:02pm
Quoting NewbTrader7
I think you're right. I closed my position, will wait patiently for something better to develop. I'm extremely happy with what I made from that short. Thanks Rags2Riches for the support and everyone else who gave me advice during this trade. I'm going to eat then sleep.
"eat" what?
The Thief of Wall Street
  • #684,692
  • Aug 27, 2012 4:02pm Aug 27, 2012 4:02pm
Quoting NewbTrader7
I think you're right. I closed my position, will wait patiently for something better to develop. I'm extremely happy with what I made from that short. Thanks Rags2Riches for the support and everyone else who gave me advice during this trade. I'm going to eat then sleep.
congrats brooo...your rest is deserved, warrior!
  • #684,693
  • Aug 27, 2012 4:07pm Aug 27, 2012 4:07pm
Quoting Chicky
"eat" what?

going to a brazillian bbq place. They always have a good show during lunch hour and the food is amazing!


Quoting xandi
congrats brooo...your rest is deserved, warrior!
thanks man, i'll be back around 9-10pst, shortly before london open. good luck to everyone. happy pippin pimpin
  • #684,694
  • Aug 27, 2012 4:10pm Aug 27, 2012 4:10pm
ok, nothing more than "that"....
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  • #684,695
  • Aug 27, 2012 4:20pm Aug 27, 2012 4:20pm
Quoting Vachus
1.24900 for sure , 1.24850 possible and 1.24750 is the last station ... I had a short position ( one from 1.25300, and other one at 1.25270 ) But i closed few minutes before FOMC member speech and 1.25850 was my target. I also have a Buy Limit at 1.24840 SL 1.24760 TP 1.25450 ( and i may update it till 1.25550 ... we will see


But everything is possible and something might happen.
Thanx for sharing this!
Btw isnt 1.2476 too tight a stopp loss?
  • #684,696
  • Aug 27, 2012 4:21pm Aug 27, 2012 4:21pm
Lots of bears around Jackson Hole I heard
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  • #684,697
  • Aug 27, 2012 4:22pm Aug 27, 2012 4:22pm
Quoting KillerWhale
Think you are right, 1.0335 might give retrace but I'll stay short.
Excellent call. I am short too short at 1.0386. SL at 1.0486! Target price CONFUSED. Help please
  • #684,698
  • Aug 27, 2012 4:24pm Aug 27, 2012 4:24pm
Quoting KillerWhale
Lots of bears around Jackson Hole I heard
  • #684,699
  • Aug 27, 2012 4:25pm Aug 27, 2012 4:25pm
Anyone playing the head and shoulders setup on 4H?
  • #684,700
  • Aug 27, 2012 4:28pm Aug 27, 2012 4:28pm
Quoting Faiz99
Excellent call. I am short too short at 1.0386. SL at 1.0486! Target price CONFUSED. Help please
1.0180
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