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  • #36,061
  • Aug 19, 2013 5:18am Aug 19, 2013 5:18am
Nice up tick .. took some profit @ 97.910 .. lets hope it clears 98.2 resistance
  • #36,062
  • Aug 19, 2013 5:54am Aug 19, 2013 5:54am
@elite
Thankfully I'm flat in the moment. It's still early in the week, I guess there is a good chance for price to come back to lower entries. But as long you get positive swaps, I'd hold those underwater longs, too.
Fail better.
  • #36,063
  • Aug 19, 2013 5:58am Aug 19, 2013 5:58am
major US news 21 aug, wed
waiting until FOMC minutes
  • #36,064
  • Aug 19, 2013 6:03am Aug 19, 2013 6:03am
Took profits on long at 98. Opened a short at 98.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #36,065
  • Aug 19, 2013 6:15am Aug 19, 2013 6:15am
Quoting livethedream
Took profits on long at 98. Opened a short at 98.
  • #36,066
  • Aug 19, 2013 6:29am Aug 19, 2013 6:29am
Quoting livethedream
Took profits on long at 98. Opened a short at 98.
Lol I did the same but short @ 97.935
  • #36,067
  • Aug 19, 2013 6:32am Aug 19, 2013 6:32am
Quoting livethedream
Don't know about after that, but short term (next 6-12 hours) I'm guessing we'll see 98. Then I might be looking to short.
Took a little longer than expected, posted 13 hours ago.

Now I just need the short to play through, my entry might be a bit premature but I can't tell yet. The extra pips on the way up were nice
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #36,068
  • Aug 19, 2013 6:34am Aug 19, 2013 6:34am
Quoting livethedream
{quote} Took a little longer than expected, posted 13 hours ago. Now I just need the short to play through, my entry might be a bit premature but I can't tell yet. The extra pips on the way up were nice

I think it's a bit premature. 98.20 seems inevitable, and might go higher than that, but good job on the long
  • #36,069
  • Aug 19, 2013 6:48am Aug 19, 2013 6:48am
Quoting Ck87
{quote} I think it's a bit premature. 98.20 seems inevitable, and might go higher than that, but good job on the long
Closed out the short paying about the spread or so. I think you're right, not sure about the 98.2, but that this isn't the top.

Not enough sellers yet.

Edit: Will be watching 98.2 since it seems a good entry from where we stand now... makes sense even though I can't figure out why it's that particular number.

There must be something missing on my chart...
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #36,070
  • Aug 19, 2013 6:53am Aug 19, 2013 6:53am
We're at the 61.8 fib now.
Attached Image (click to enlarge)
Click to Enlarge Name: t98.PNG Size: 46 KB
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #36,071
  • Aug 19, 2013 7:57am Aug 19, 2013 7:57am
Don't take my word for it, I could be totally wrong and have no idea what I'm talking about. But it seems like big money is gonna "let" price slowly rise up to make a new high. Then they'll fill more orders at the same level they started to last week.

Could correspond with the 98.2 level being talked about, or somewhere around there.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #36,072
  • Aug 19, 2013 9:27am Aug 19, 2013 9:27am
IS this is going down tomorrow or not..... ?
Any one ???
need solid forecast on fundamental basis ... not technical shit...
  • #36,073
  • Aug 19, 2013 9:31am Aug 19, 2013 9:31am
Quoting GhulamSabir
IS this is going down tomorrow or not..... ? Any one ??? need solid forecast on fundamental basis ... not technical shit...
No one can tell you what's going to happen. Fundamentals drive a currency pair in the long term, months... years. "Technical Shit" drives its movement from day to day.

"Technical Shit" is currently telling me that we'll see one more spike up of about 10 or so pips above the current high and then start coming down. But I'm far from an expert.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #36,074
  • Aug 19, 2013 9:41am Aug 19, 2013 9:41am
Quoting livethedream
{quote} No one can tell you what's going to happen. Fundamentals drive a currency pair in the long term, months... years. "Technical Shit" drives its movement from day to day. "Technical Shit" is currently telling me that we'll see one more spike up of about 10 or so pips above the current high and then start coming down. But I'm far from an expert.

hmmmmm
OK dear
let hope is come down :-( ASAP
  • #36,075
  • Aug 19, 2013 9:49am Aug 19, 2013 9:49am
Quoting GhulamSabir
IS this is going down tomorrow or not..... ? Any one ??? need solid forecast on fundamental basis ... not technical shit...
Good afternoon,

One day, solid fundamental forecast? Hmm... This is rather impossible.

August has the historical potenatial to be bearish. Tapering might happen in September, Commerzbank has shorts open with target at 95, SLs at 100.45, BoJ said that they are fine with price above 95. USA jobless climes are fine, rest not so much - though Bernanke said that unemployment might be the key fo QE3 ending. Japan's Balance of Trade is bad. Wild guess on fundamentals at this stage is that it will keep going down at a slow pace to let all the people jump in for the speculation train when September hits.
  • #36,076
  • Aug 19, 2013 9:51am Aug 19, 2013 9:51am
Quoting GhulamSabir
{quote} hmmmmm OK dear let hope is come down :-( ASAP
It might already be on its way down.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #36,077
  • Aug 19, 2013 10:05am Aug 19, 2013 10:05am
to me its looking like a flag pattern so i went long short. i just dont know where to put "TP"
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 340 KB
  • #36,078
  • Aug 19, 2013 10:11am Aug 19, 2013 10:11am
I've been long since 97.50ish. I wont take a short position until we get closer to 99.
"A true speculator tries the market small." - Jesse Livermore
  • #36,079
  • Aug 19, 2013 10:20am Aug 19, 2013 10:20am
Shorted inside the channel at 97.90 with a target of @97.60 (depending on a channel break or bounce).
  • #36,080
  • Aug 19, 2013 10:35am Aug 19, 2013 10:35am
Quoting Rolexey
to me its looking like a flag pattern so i went long short. i just dont know where to put "TP" {image}
I like the chart.

I'd like to see a drop below 97 before getting rid of this short... might be a bumpy ride on the way down though... we'll see.
"If you won't risk the usual, you'll have to settle for the ordinary."
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