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SugarTrade replied Nov 29, 2010At this juncture I'd be fairly surprised if we did not get a retrace going to the 1.315 - 1.318 area. Then it is time for a bear party!
EURUSD
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SugarTrade replied Nov 29, 2010It's the day after black friday. Generally a good day for the market in the U.S. End of the day rallies will happen a lot on the ES through christmas. I see min 80.8 on /DX if not 80.5 - 80.6 area. Doesn't mean the euro will rally, though. Still ...
EURUSD
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SugarTrade replied Nov 29, 2010adding shorts... — 1.318 is where I will add shorts if the opportunity presents itself.
EURUSD
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SugarTrade replied Nov 29, 2010You are very correct, just seems a dickish time to do it. Why not wait until the new year and just fire the bad employees?
EURUSD
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SugarTrade replied Nov 29, 2010As much as I can appreciate small steps towards a larger goal (like harvesting your daily pips!), I must say this is a rather pointless step towards reducing the deficit. Most of these workers barely make enough as it is.
EURUSD
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SugarTrade replied Nov 29, 2010If you're looking for a long you may be better suited to look at the aussie then the euro IMO. Just look at that 4 hour chart
EURUSD
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SugarTrade replied Nov 29, 2010dx got batted away at 81.20. ES has found a lot of buyers at these levels. Market is generally optimistic the day after black friday. Hoping for a better price to ride into the 1.29 area
EURUSD
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SugarTrade replied Nov 29, 2010DX looks to be going for another monster 4 hour bar. I see more down before a retrace. Maybe DX will take a break at 81.20, but aussie could really start tanking here soon.
EURUSD
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SugarTrade replied Nov 28, 2010I was just illustrating that for a retail trader the current PA hasn't shown significant signs of a reversal or continuation. The average retail trader will see both the gap and the new low, but price is basically where we left it on Friday. Little ...
EURUSD
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SugarTrade replied Nov 28, 2010If you have a smartphone/ipod touch you can download the thinkorswim mobile app, make a papermoney account and set an alert which will go off like an alarm at whichever price level(s) you select. Don't know if this would suit your needs or not.
EURUSD
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SugarTrade replied Nov 28, 2010December could be an ugly month for the euro given the state of the November monthly bar. Has never recovered from one of this scale the next month. December is an odd month, though.
EURUSD
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SugarTrade replied Nov 28, 20101.3248 for me, with a target of 1.3155. Really needs to break 1.331 before I consider closing my shorts. The new low may be deceptive, but so was the gap up. Not a lot to conclude from that imo, will respect the trend until shown otherwise.
EURUSD
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SugarTrade replied Nov 27, 2010Also, I don't have much support for the euro in this area, and the little that may exist should be discounted when you look at the positioning of the other major currency pairs IMO
EURUSD
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SugarTrade replied Nov 27, 2010I share your view on the DX. I had 80.50 as my first target, which we hit Friday, if the euro rebounds as some say it will then the dollar may be in a channel. However, given how the dollar trades and the momentum of this move I find that unlikely, ...
EURUSD
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SugarTrade replied Nov 24, 2010I think you are right about the numbers. Really don't see much support here, but I also can't convince myself to add to my shorts.. riding it to at least the low 1.32's, have a couple level down there. I'm skeptical if that will happen today though.
EURUSD
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SugarTrade replied Nov 24, 2010significant retracements in other pairs while the euro struggles to get above 1.34 leaves me feeling somewhat bearish, but if this 1.3380 holds we could get a little more bounce. I am skeptical.
EURUSD
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SugarTrade replied Nov 24, 2010shorted here at 9795, TP is relatively open ended. I have a fib cluster up here, and PA is not inspiring for the bulls. will close it if price breaks above .9810
AUD/USD