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BillyRayVal replied May 16, 2008I'm up +28 pips on this so far and it seems to be moving down nicely, not to say that can't change. If it can close below that crappy diagonal trendline the push might last for a while, so we'll see. It hasn't taken a breath all day. I doubt we're ...
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BillyRayVal replied May 16, 2008"To get the good moves you have to wait out the consolidation" yeah you're right about that. they might drift for a day before they snap. othertimes, they just snap
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BillyRayVal replied May 16, 2008Yeah I have a limit on JPY at 104.04 and AUD at .9472 and another at .9488. I set them a little lower because I dont want to miss anything. The way AUD is acting now I hope I didnt already miss it. CHF might be up for some scalp buys if it goes ...
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BillyRayVal replied May 16, 2008Not a whole lot to say. I just used to read a lot of the sell side research from competitors and it barely ever worked out. JPY might be setting up soon and AUD might still get up there today
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BillyRayVal replied May 16, 2008Anything can happen (rule #1 trading this stuff).....The purpose of the thread to post trades that are the most reliable, wanting to avoid jumping in on anything else. I'll try to post these as they see, sometimes regurgitating other member's posts, ...
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BillyRayVal replied May 16, 2008I think the lower level support will hold again, atleast for a scalp. I'm not touching it until then though. Parity has shown weakness lately.
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BillyRayVal replied May 16, 2008Lets just make it official so we can keep track of this stuff. First entry at the lower level, and a push higher at the .95 range. That is if it goes past the 3rd tier of resistance to begin with.
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BillyRayVal replied May 15, 2008oh sorry I see what you're say yeah looks like you're right....yeah looks like the last sell would have been the one to get
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BillyRayVal replied May 15, 2008and yeah there is more resistance at .7775 - 85 ....I would be prepared for a push into that area just in case...its also a .50 retracement of the next larger wave
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BillyRayVal replied May 15, 2008I just edited the previous post talking about a retracement there too.....I used to work for a bank, btw, please be careful what you read!
Take a look at Lehman's currency portfolio and it'll give you an astonishing -5 - 5% a year. Citibank DOES ...No Brainer Trades
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BillyRayVal replied May 15, 2008I'm scared of this pair. My experience with GBP JPY makes me think about horrible things
. Good setup otherwise. Personally not a big fan of diagonal trendlines as I feel the probability is a little lower. Like here's an example, please correct me ...No Brainer Trades
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BillyRayVal replied May 15, 2008sure you can put put your coat on the bed upstairs.....just please take your shoes off or the wife will get pissed.
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BillyRayVal replied May 15, 2008yum...kiwi kiwi is in one disasterous fall right now, and though I definately see what you're saying Ironman, I'm actually waiting for a good sell around .7730 to .7750. Just not seeing a lot of historical s/r at the current level, although it may ...
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BillyRayVal replied May 15, 2008Yeah I think the pair right run into some toughness .9454 -.9446 .9480 -.9470 I plan on selling for shorter term, and you're right....9498 - .9504 is your best bet.....the whip shall cracketh
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BillyRayVal replied May 15, 2008Yeah I was looking to reenter around here....not 90% but if its only 20 pips I'll take it...the retracement might not be over....I hate to say this but you might want to move your stop a little higher just in case this occurs, or move to breakeven, ...
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BillyRayVal replied May 15, 2008good call......looks like it might be worth a shot......I get a little weary of this pair sometimes but based on current eur and chf positioning it looks pretty damn good USDCHF could bounce off of its recent high at 106.00, but there is more ...
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BillyRayVal replied May 15, 2008You should be up about +100 pips on this one, +140 max; I think it should go further. I was looking to reenter a short at 162.25 area, but I dont know if its going to see it and continue on its nosedive...could even get stopped out even if it does. ...
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