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BillyRayVal replied May 21, 2008Stopped out on the rest at breakeven on the news spike, so +47 pips max on this one based on the time of the original post.
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BillyRayVal replied May 21, 2008Offered another chance to get in up to 1.5680. Looks like it should stick for a good size run. If price retraces its way back up there I'll be looking to sell it again. +45 pips so far from 1.5685
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BillyRayVal replied May 20, 2008yeah looks like it would have been a good sell. I'm long CAD right now though, hoping for a push....cpi is out tomorrow and I'm watching where I step! Oil is hitting serious resistance. It (should be) about time.
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BillyRayVal replied May 20, 2008This keeps on going. Hit it earlier today and good for another +133 pips. This is just to give you an idea on how to reuse these levels over and over again. Some get knocked out with 2 or 3 hits, other like this are good for a while. The more it ...
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BillyRayVal replied May 20, 2008Long USD/JPY 102.74 to 102.60 IF JPY can break past current support of 103.13, this is the next area to be looking at. You can see from the chart its been a painful zone for price on numerous occassions; many traders/banks are going to have their ...
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BillyRayVal replied May 20, 2008Short EUR/USD at 1.5685, up to 1.5709 EUR just hit this level but you can see from the chart that there are multiple areas historical support and resistance, making for what I hope to be a good trade. I'm scaling into this one up to 1.5709 if price ...
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BillyRayVal replied May 20, 2008Today — Not seeing anything huge in the immediate path for today. The majors have entered into an area of back and forth consolidation and I'm waiting for a breakout of some sort before calling anything out. EUR/JPY is back to 163.00 and was ...
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BillyRayVal replied May 20, 2008AUD/USD — Back in March of 1984, something happened. AUD made a high before a serious decline which hasn't been seen until now (really thought this was going somewhere didnt you). I'm expecting a reaction off this level at .9648, if AUD can ...
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BillyRayVal replied May 19, 2008Yeah I eventually see it coming down from those highs for a little relaxation, but now you've got some news out that just pushed it even higher. Good sell on it today though in general. Its going to need a good shove before the buying wears off ...
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BillyRayVal replied May 19, 2008Thanks, Its really on a case by case scenario, and changes as the market changes. Ironman has a good post above this about it. In the way of CAD today, the trend is overextended and ready for a considerable retracement. I bought some lower and when ...
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BillyRayVal replied May 19, 2008Quote: Originally Posted by pamelomarcos image about GU, theres a really strong support lvl at 1.9361 and has bounced a couple of times, and its forming a descending triangle looks like it gave up +20 so far good call thanks Looks like you caught ...
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BillyRayVal replied May 19, 2008looks like it gave up +20 so far good call thanks
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BillyRayVal replied May 19, 2008Yeah I see what you're saying. I think I'm staying clear of this today though! It just broke through that other level a little bit. You're right 1.9461 to 1.9456 has some good levels. Also solid retracement. Runny market today in general. Wish I ...
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BillyRayVal replied May 19, 2008CAD back up in the money on the double zero bounce.
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BillyRayVal replied May 19, 2008GBP had no issues getting through this area. Big push pro USD in the last few minutes. next major area of support is 1.9474. might hiccup here for 20 pips if price gets that low. just some observations but not calling it. strange markets these past ...
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BillyRayVal replied May 19, 2008I went light on this to begin with as per earlier posts, but because its showing small hints of a breakdown I took a little more off just to keep my sanity. It went to the bottom of the zone as discussed and is sitting there right now. You can see ...
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BillyRayVal replied May 19, 2008yeah I'm looking to get long at a bigger size (already still have some open from last week)...I was thinking around down to the 1.9520's or even maybe all the way back to the 1.9500 area if it heads that low....its pretty hard call as you're right, ...
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BillyRayVal replied May 19, 2008this SOB is really fighting! hahaha... went right into the middle of this zone and reversed....as usual, we'll see where it goes another side note: trading should be fun, that's why we do it
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BillyRayVal replied May 19, 2008ok thanks but just a side note I started this thread to gather the best of the best (or what I figure to be, so far so good, and great contributers). I make a living from my trading, and I'm not a trading advisory, not getting paid here, have no ...
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