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BillyRayVal replied May 15, 2008here's one... — Long USD/JPY at 104.00 (104.04 - 104.96) This is playing off of a bouce of what has already been very strong former support and resistance, now support, if price can move that far. Also, its now a .50 retracement of the main ...
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BillyRayVal replied May 15, 2008I just glanced at this thread for 2 seconds and nearly pissed myself laughing. Is there a "Forex Factory's Greatest Hits" section? Throw this in there. I used to work at 2 of those shops so it looks like I'm totally screwed. Please develop a ...
Perplexed - year spent looking for system
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BillyRayVal replied May 15, 2008GBP is coming up on 1.9390 -1.9395 again, where you might get a little push. looking at the current price action I'm weary, but just a heads up. not 90% if not if 1.9364 area is seen again its a lot more probable. Bernacke is on in a few so I'd ...
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BillyRayVal replied May 15, 2008yeah definitely. if it breaks .9290 you have a nice fade right there. still might be able to nab a few pips on another bounce of .9290, depending on the conditions at the time. if you're short right now, its a little difficult to say what's going to ...
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BillyRayVal replied May 15, 2008thanks iron man.....usually from 4:00am to 1:00pm new york
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BillyRayVal replied May 15, 2008.9723? Not that sure I'm not really a position trader. If I had to guess though, if it did keep moving up that far, yeah around there......I would target .9710. Thats just based on a 1.618 extension of the past few weeks blocks of consolidation from ...
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BillyRayVal replied May 15, 2008oh man am I getting paid for this? jk
not sure leaning towards consolidation. Nothing really remarkable in its immediate path. if anything maybe a push higher, but there's a lot of news this am so hard to say for sureNo Brainer Trades
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BillyRayVal replied May 15, 2008Not sure about EURUSD pin. It is bouncing off of the lower portion of resistance. In hindsight I feel I should have shorted earlier. Again I'm not a huge fan of getting into anything after it has already made a 75 pip move like on pin bars. Pin bars ...
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BillyRayVal replied May 15, 2008Good move! That was a pretty obvious one. I'm pissed I didn't take it. GBP's fade on the same would have given +50 by now.
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BillyRayVal replied May 15, 2008Heres a recap of the trades I posted yesterday (before they occurred unless specified): These are the MAX number of pips you could have gained so far, but not to say they can continue, as I believe a couple of these will USD/CAD: +76 pips from .9986 ...
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BillyRayVal replied May 15, 2008I dont mind at all.... Here's what I basically do: 1. Find a strong level of support/resistance and fade as explained in previous posts. 2. At 15 - 20 pips move your stop to breakeven 3. At around 40 pips take partial profit 4. Let the rest run to ...
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BillyRayVal replied May 15, 2008Hi MP....here's the AUD trade as an example. .50 ret's are generally the strongest.
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BillyRayVal replied May 15, 2008I see the support on JPY, and .50 retrace on GBP, how did you get CHF? Are you long or short these? Can you explain your strategy? thanks
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BillyRayVal replied May 15, 2008I agree, I always like the level to be hit atleast once though because sometimes there are strong levels of support and resistance surrounding them. Like take CAD today for example. It went right through parity (1.000) because solid support had ...
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BillyRayVal replied May 15, 2008Also I could talk alot about retracements, maybe later, but I almost always target .50 originally from the last wave. Almost always price hits it, starts traveling back, and might continue or waddle around before it finally breaks it. Like on the ...
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BillyRayVal replied May 15, 2008This bastard isn't quitting easily. max +100 pips now
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BillyRayVal replied May 15, 2008Oh no please feel free to post if you have something to share. Not just my calls. I was just looking for 95- 9570. 95 is a .50 retracement on the last wave so it might have some difficulty there (fighting it right now), but I always keep a little ...
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BillyRayVal replied May 15, 2008Based on tonight's price action... — Short EUR 1.5566 - 1.5570 another possibility on EUR, this one to go short, if it is able to scramble up to this level. I'm still on the lower levels if price goes down that far. There isn't a ton of ...
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