EU,AU and LB were all good shorts after open...all look to be setting up for crosses...they may reject when they get there but they were good sells,and im stuck in this POS...
Hope the EU does cross and sink to 12150 or so maybe ill get out...see you guys in the afternoon
EU,AU and LB were all good shorts after open...all look to be setting up for crosses...they may reject when they get there but they were good sells,and im stuck in this POS...
Hope the EU does cross and sink to 12150 or so maybe ill get out...see you guys in the afternoon
wow these charts are interesting. buck when u asked about chf chart last week i was gonna say i think 108 is in the cards if it doesnt pop up before it. that chart is looking like a good long. the gbp/usd chart is looking like a good short also. I was gonna place an order for gbp usd last night @ 151 which looks like it woulda been a good price.
Im gonna have to go over these charts and see where i can get it on them.
wow these charts are interesting. buck when u asked about chf chart last week i was gonna say i think 108 is in the cards if it doesnt pop up before it. that chart is looking like a good long. the gbp/usd chart is looking like a good short also. I was gonna place an order for gbp usd last night @ 151 which looks like it woulda been a good price.
Im gonna have to go over these charts and see where i can get it on them.
lol ya i was just looking over this chart too and thinking i might be jumping in front of the train not on it. 153.40ish and 154.80ish would be the stopping point.
Im trying to get a grip on what the market is thinking with these european pairs rising.
1. do they think the problem is contained AGAIN ?
2. their currencies need to go down so that they make more profit from sales, do they believe the rest of the world is just as screwed too.
lol ya i was just looking over this chart too and thinking i might be jumping in front of the train not on it. 153.40ish and 154.80ish would be the stopping point.
Im trying to get a grip on what the market is thinking with these european pairs rising.
1. do they think the problem is contained AGAIN ?
2. their currencies need to go down so that they make more profit from sales, do they believe the rest of the world is just as screwed too.
They are thinking the worst might be in the rear view mirror and that the pairs are heavily shorted..so the risk of issues is reduced and the damage economically is as well, thus the currencies are in better standing.
That is the EU and LB especially, I see the AU still weakening..not performing as a leader, probably because commodities are going to be softer going forward and the higher Chinese currency might mean issues for Australia.
papa,
Exactly..
They are thinking the worst might be in the rear view mirror and that the pairs are heavily shorted..so the risk of issues is reduced and the damage economically is as well, thus the currencies are in better standing.
That is the EU and LB especially, I see the AU still weakening..not performing as a leader, probably because commodities are going to be softer going forward and the higher Chinese currency might mean issues for Australia.
She might push higher here but id have no prob shorting and adding if need be...we all know theyre running the market when it should be falling....RSI on the daily highest its been since October when she shed 1100 pips from 1.69 to 1.58..took month and a half but the tech levels are what im looking at..GBP now above 61.8 retrace of last move by almost 100 pips...
Thats all we can do is trade techs or gut feeling depending on the markets..CHF was at a key fib level and she broke down through it.,..10840s dont hold i dont see anything until 10580s...
She might push higher here but id have no prob shorting and adding if need be...we all know theyre running the market when it should be falling....RSI on the daily highest its been since October when she shed 1100 pips from 1.69 to 1.58..took month and a half but the tech levels are what im looking at..GBP now above 61.8 retrace of last move by almost 100 pips...
Thats all we can do is trade techs or gut feeling depending on the markets..CHF was at a key fib level and she broke down through it.,..10840s dont hold i dont see anything until 10580s...
not real happy on my exit prices. if you have more than 25 lots, you cant liquidate all of them at once. i just learned this and it cost me some precious pips. i had 40 lots and 30 lots there, still think this pair will fall more tonight but wtf i'm happy with the profit now, it will need to recoil for a while before going any further lower.
not real happy on my exit prices. if you have more than 25 lots, you cant liquidate all of them at once. i just learned this and it cost me some precious pips. i had 40 lots and 30 lots there, still think this pair will fall more tonight but wtf i'm happy with the profit now, it will need to recoil for a while before going any further lower.
well i do believe im right now but hell short charts lie so lets see if their really is any support @ 88.70 . my price entry wasnt good but lets see if i can get something good outta this pair.
well i do believe im right now but hell short charts lie so lets see if their really is any support @ 88.70 . my price entry wasnt good but lets see if i can get something good outta this pair.
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