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- andys0506 replied Dec 18, 2008
For me I see 570 as a key level. I am now long 575 stop at 560 - so only 15 pip risk. If its going to bounce higher theres a high probability it will from this level
EURUSD
- andys0506 replied Dec 18, 2008
Is anyone considering entering a trade? I am looking to buy at 4570 (R1) and just around the 38% fib of todays move up
EURUSD
- andys0506 replied Dec 18, 2008
The blue triangle is where i entered long, the red circle where my trailing stop got hit.
EURUSD
- andys0506 replied Dec 18, 2008
Wow hit daily R2 (718 on my chart) and the 61% extension of yesterdays move. Nice retrace I'd guess to maybe 610 ish before another push ?
EURUSD
- andys0506 replied Dec 17, 2008
Is there anymore news today? I have my stop at +50 (.4086) and thinking about letting it ride today. Would you say thats a wise move or should i set a conservative TP at say 192 (HOD)? I could see it going to 344 (38% extension of yesterdays move) ...
EURUSD
- andys0506 replied Dec 17, 2008
Glad I'm not alone, sometimes I feel my view is well of the general consensus!
EURUSD
- andys0506 replied Dec 17, 2008
There has been no confirmation that the trend has or indeed will change. Importantly we have only seen a small retracement of yesterdays move - just 23%, not even to 38 or 50, let alone 61%. So in my opinion downside if very limited, we will ...
EURUSD
- andys0506 replied Dec 17, 2008
Will they not just use the announcement as an excuse to continue the trend (albeit a little quicker than usual - aka spike up)
EURUSD
- andys0506 replied Dec 17, 2008
Now at 23% retrace of yesterdays move. Is this where the short covering stops and price now continues the trend higher when US opens in 15 mins? I think so, I am long @ 4036
EURUSD
- andys0506 replied Dec 16, 2008
My TP is at 897 now, look at the daily chart and draw the fibs...
EURUSD
- andys0506 replied Dec 16, 2008
I have 808 as R1 and then 846 as 38% ext of yesterdays move, so thats where my TP is set ( well 840
)EURUSD