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- ricket replied Jun 10, 2010
I say it's about time for a retracement! Come on PIPpy LONGstocking (with all the short USDs that is)!
- ricket replied Jun 10, 2010
looks like it finally broke out on the upside of the cup and handle pattern (5 min chart). Got a long at 1.20772, plan on riding it a few pips, and then taking my profits when I feel like it's topped out....hopefully at least 30+ pips
- ricket replied Jun 10, 2010
5 min chart is showing cup and handle...were in the 'handle' part of consolidation. Ive been having ok success at scalping the patterns up and down (short at possible top, long at possible bottom).
- ricket replied Jun 8, 2010
Longer term, Im not so sure. Shorter term, since it just broke out of the pennant (on the upside), Im thinking it will more than likely go to 92.5 (the approximate target price based on the height of the pole) before possibly correcting. I think ...
- ricket replied Jun 8, 2010
It could definitely still break to the downside, got my trades set up in both directions. It seemed to be a little sideways, but could still reverse at this point.
- ricket replied Jun 8, 2010
Anyone else seeing a upward trending pennant continuation pattern (with consolidation) on the 15 minute chart with a possible move to 92.5 and higher?
- ricket replied Jun 7, 2010
Same raz that posts on iTulip?? EDIT: Nevermind...
- ricket replied Jun 7, 2010
I see that too. 1.19775+ perhaps (given a 1/3 breakout of the depth of the cup)?
- ricket replied Jun 7, 2010
Falling wedge pattern indicates you may be correct. It broke out on the upside around 8PM EST.
- ricket replied Jun 7, 2010
Looks like a possible head and shoulders top, after a decent uptrend for most of the day.... image
- ricket replied Jun 6, 2010
Theyre just lining up the cannon fodder...then BOOM 1.2050! PS: How long until my posts stop going to the moderator queue and I'm no longer considered a "Junior" member??
- ricket replied Jun 5, 2010
What about an inverse head and shoulders (via 15 min chart) with a neckline @1.22135 with a starting time frame at 6/3/2010 at 11AM. A 50% symmetrical retracement of the right shoulder would put it somewhere around 1.20800 with the completion of the ...
- ricket replied Jun 4, 2010
It's looking like your shorts may not be that bad in the red after all...
- ricket replied Jun 2, 2010
Thanks! Currently SL is set at 1.22208 (15 pips) to take profits if it trails back that low. If it goes any lower. Hopefully it'll keep going higher. Question: How reasonable is it to make a living trading currencies? Ive been following ...
- ricket replied Jun 2, 2010
[first post alert] Whew, I got in long @ 1.22058 and was waiting as it thrashed around sideways for a while. You really think its going to go to 1.26?
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