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BillyRayVal replied Jun 4, 2008Actually yeah I was just speaking about it a couple of posts ago in regards to 105.58. But its already moved about 12 pips down from the level.
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BillyRayVal replied Jun 4, 2008We're up to +81 pips on this, waiting to see what happens at 105.56/8. I think its going to fight it not just because its the local high but becuse historically its got some good significance. So it might be good profit taking time before the ...
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BillyRayVal replied Jun 4, 2008+99 pips so far from this level. Nice solid trade working out as planned. The next level to watch for a buy was the one I posted a few posts back from a couple weeks ago. Right now bouncing off of 1.5394/2 resistance; expecting it to go back up to ...
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BillyRayVal replied Jun 4, 2008Hahaha, no sweat but we're not into slapping around here. This is an anti-slap thread, dedicated to building brains only. Here's some of what we were looking at for you to get an idea. I tried to circle some of the major points; the retracement was ...
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BillyRayVal replied Jun 4, 2008As just discussed, the monetary policy statement came out made this trade a bad idea to get into. A pullback up to .7769 - 80 could offer a safe opportunity to sell if anyone is interested. 80 is the stronger level historically, but 69 is the local ...
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BillyRayVal replied Jun 4, 2008FYI this trade that never got hit from a few weeks back could be good for some cash on a move lower on EUR. Just a heads up. 1.5365 looks to be the magic number. url
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BillyRayVal replied Jun 4, 2008No. Anything related to interest rates I advise strongly to stay far away from. Many times price will react to these levels after news announcements if they are a decent length away from them to begin with and the news os nothing too mind blowing. ...
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BillyRayVal replied Jun 4, 2008+71 pips if entered at 104.66. Seeing if it can continue, but closed most of it already.
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BillyRayVal replied Jun 4, 2008Just to recap, +60 pips max on this so far. I'm holding some for a nosedive but also prepared to get stopped out at around entry and look higher if things change.
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BillyRayVal replied Jun 4, 2008MaryP where'd you run off to haven't seen you in a while! Me and another trader were chatting last night and actually took this trade from 24 - 30; it showed a good amount of stalling on it but only pulled back to the .50 retracement before hauling ...
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BillyRayVal replied Jun 4, 2008Hey Dan, Typically I start with a s/l up at the next level of support or resistance, because if the market overshoots, I have a shot at recovery if the next level holds, but not past it, and not in fast moving markets. Trading like this you should ...
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BillyRayVal replied Jun 4, 2008Yeah I was looking at the last night actually. Only problem here is to discern the exact level to get in. There are multiple support areas in the range from 9600 up to 9624. Its not a normal case actually because of the choppy price action up there. ...
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BillyRayVal replied Jun 4, 2008Only +22 from 66 so far max but still hanging in there.
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BillyRayVal replied Jun 4, 2008Retail sales had a hand in this one moving me down to about +46 pips tops. Almost got stopped out but barely made spread. So decent so far. and holding with partial off.
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BillyRayVal replied Jun 4, 2008Price hit 1.5483, 1 pip away from what I posted but still in the relevant range as discussed in earlier posts. +21 from that level so far.
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BillyRayVal replied Jun 4, 2008For anyone following this price seeped its way down to 57, where there was a little more support. Personally got filled at 66, the local support level. From 66 I'm +14 so far so I think it should work out rather well. Keep you posted.
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BillyRayVal replied Jun 4, 2008Got its push. Higher levels still intact though. Wouldnt be afraid about shorting it still.
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BillyRayVal replied Jun 4, 2008Its good, its strong, and now a .50 retracement of the last full wave. Only thing that might affect it is the fundamental outlook. News went well for AUD earlier today, and it got a good jump on other pairs, so if dollar goes down, it might take it ...
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BillyRayVal replied Jun 4, 2008Long EUR/JPY 161.43 area Its been a strong deterrent for price over history, just use caution on this pair in a wild market. Also pay attention to EUR and JPY pairs and s/r levels at the time of this approach. Otherwise, looks clean historically and ...
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