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BillyRayVal replied Apr 24, 2009Ulimately, maybe head into the mid 34's before seeing a bigger move. My next sell would only be shorter term. I dont think I would hold onto it and just 'let it go' unless we saw a move into these higher areas. If it takes out the low 33's, ...
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BillyRayVal replied Apr 24, 2009I'm looking for consolidation on this up to a 150point fade from wherever the high ends up, if it wants to crawl higher today. My most likely suspect at this point is 1.3300 - 1.3335 area, just based on an overall strong point of control in the ...
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BillyRayVal replied Apr 23, 2009Great trade — Hit on the dime and came right off - this is how we like them.
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BillyRayVal replied Apr 23, 2009Mark Douglas Video — Found this on twitter, actually. Just look past the guy doing the interviewing but Mark Douglas is Mark Douglas. Happy Thursday everyone. url .
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BillyRayVal replied Apr 20, 2009Ha - good to hear - yeah EUR under obvious pressure today - one of the trades that get stuck in the back alley. Oh well. If I could provide more in terms of active trade management I would, but I think I would go cuckoo. Was in profit for a little ...
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BillyRayVal replied Apr 20, 2009It is an area yeah - I actually had that marked up earlier. The nexy one down I have on EUR is 1.2823 area, or thereabouts. If you run a line across a chart you'll see that it has some pretty good historical significance. I just try to find the ...
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BillyRayVal replied Apr 20, 2009Thanks pip2it! I think its actually http://www.twhirl.org/ just googled it never heard of it but thank you! I'll give it a go.
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BillyRayVal replied Apr 20, 2009hahahaha its good p.r.
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BillyRayVal replied Apr 20, 2009I've got 1.4515 as the next support area down. Whats the software? Sounds interesting. If you dont want to post can you PM me pls? Thanks!
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BillyRayVal replied Apr 20, 2009Meaning that if the strike price where the option lies gets taken out, the holder of the option loses the payout. Oftentimes before major option strike prices, you'll see others protecting the area in order to prevent loss at the expiry time/price. ...
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BillyRayVal replied Apr 20, 2009About GU long at 1.4600....this kind of selling pressure/momentum tonight is the type of stuff I was talking about in that last video on EUR. When I say its "parabolic" I'm referring to harsh, unrelenting bias in one direction, basically. In other ...
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BillyRayVal replied Apr 20, 2009FYI just cancelled this via twitter and on the blog due to too much short USD exposure.
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BillyRayVal replied Apr 20, 2009Also could have gone for the 1.3018 trend continuation play. Pretty typical move. One benefit of hedging is that you could have hedged your trade at this area, put in a stop at breakeven on the long, for example, or vicea versa, or just left it, and ...
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BillyRayVal replied Apr 20, 2009What I'm talking about is: we're in a downtrend. It took several hours for the pair to retrace about 50 pips. It took just a few minutes for the pair to wipe out half of that. GBP is doing a similar thing. When it races down to the lows like that ...
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BillyRayVal replied Apr 20, 2009Below 1.2945 - But I have to say - looking at this spike off of 1.3017 the typical follow-up is a move lower. We'll see. Lots of volatility early on here.
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BillyRayVal replied Apr 20, 2009Again I mean its very easy to talk in hinsight, about would have, could have, been done. And that's why most systems, free or for sale, etc., show a bunch of profitable trades that all collected gazillions of pips after the fact to lure you in. But ...
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