I did long eur/usd at 1.40, saw a dump below and then closed at breakeven as we reapproached 1.40. Stops were in line at 1.3975 but were not tagged.
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Thursday, July 9, 2009
This market keeps moving...
...and drawing me back in, ready to short the next bounce zone.
Watching EUR/USD around 1.41...a whole mess of resistance. 1.415 is a cleaner area as it's a daily level and spike high. I may forget about 1.41 and just keep an eye in case 1.415 comes along.
Watching EUR/USD around 1.41...a whole mess of resistance. 1.415 is a cleaner area as it's a daily level and spike high. I may forget about 1.41 and just keep an eye in case 1.415 comes along.
Missed the EUR/USD spike...
by the time I got the call alert, price had already nicked 1.4049-50 and retraced 10pts. Looks good for 25 points thus far.
EUR/USD, watching for short at 1.405
Doubt we'll get there but if we see an equities rally, this looks like a nice area for a short.
USD/CHF long @ 1.0820 range is another idea on the books...
...this level looks like it may coincide with a 1.40 short. Just another idea and more ammunition to see USD bulls power back for a bit around this price level. Also 50% fib retracement.
Dave on the No Brainer Trades chat brought this up about an hour ago.
Dave on the No Brainer Trades chat brought this up about an hour ago.
Official setup, EUR/USD sell 1.40
Entry will be made a few points shy of 1.40, likely 1.3995, stops at 1.425, t/p around 25 points or equal to risk. Chart referenced in previous post below.
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