Thursday, July 9, 2009

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.
Sent via BlackBerry by AT&T

E/U long watch 1.4

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.

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.

EUR/USD TP hit for +25 on x2 full size.

Taking Setup, Short x2 full size EUR/USD 1.3998

USD/CHF 108. looks stronger :) 61% fib, long bounce

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.

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.