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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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cygnus
New York, United States
Posts: 63
13 years ago
May 5, 2011 18:58
Looks like my short position opened Sunday night starting to pay off. Put a stop at breakeven.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 5, 2011 18:58
ya dave i wasnt thinkn eur would fall 300pts++..when it fell 200pts i thought possib break in the drop for a second..just goes to show the big players were well aware of the play:(..soo hard for the lil guy to get it right:)..gl:)
Machiavelli
Posts: 113
13 years ago
May 5, 2011 18:58
Dave, I just assumed that here the crowd is more experienced. But will take your advice and try to be more precise in the future.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 5, 2011 18:55
so much for 14570 holding lol:)..good call/luck with ur shorts sub u deserve it:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 18:55
Chloe, you seldom enter into a trend which is the path of least resistence. You are always looking for the trend to reverse. Last few days chop has been range trading I agree but trending down now for the time being !

Subz, I agree with your present stance. The trend is very obviously down at this point in time. If you were taking long positions here I might have a gripe :-)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 5, 2011 18:48
ya i try to often to catch a bounce off a support take for instance my long @ 14650..thought it was a decent r/r for bidders to step back in for a pop up..now im lookin @ 14560 for a long but waiting for the candle to close above it at the moment not looking good..prob goin to see further selling:(..very disappointed i never held onto my shorts:(..ohh well:)..gl guys:)
subway90
Posts: 1078
13 years ago
May 5, 2011 18:48
mach...

yes... agreed... but we could see 44xx level b4 nfp tom...

price action looks eager to test lower channel support imo...

most traders assuming long(i guess you're one of them) atm and by nfp tom. could already be at low 44xx level... i wouldn't really assume 4400 will hold....

all i can say for now is 8 hour clearly pointing down atm... and will likely continue unless proven otherwise... if next 8 hour candle would close clearly above 4600(which would also mean a positive close)... then i say it could be headed toward 4750/4800...

gl/gt
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 18:44
I have no idea Mach because there are obviously far more peeps than active participants.

But take someone like Chloe who is starting to really "get it". He is the world's worst fader but fading is potentially dangerous for all but the most experienced traders. That's my opinion and I'm sticking to it :-)
Machiavelli
Posts: 113
13 years ago
May 5, 2011 18:38
Dave, in your estimation, what percentage of the forum participants/readers here are rookies?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 5, 2011 18:33
Subz, yer experienced enough to look after yourself.
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