May '04 Forex

[MGBRoadster]

Tulli

Been there, done that

The only consolation is that we aren't likely to repeat that mistake

 

[Goober]

Cable floating just above 1.75 level. I have tightened stops and am hoping for a breach down.

 

[FetteredChinos]

called and made Goobs

might get a wee bounce from here and a further chance to add to shorts.



edit. not much of a defence of 1.7500 at all so far???!!!!


if we get back to 1.7520 ish its time to add a fair bit.

 

[FetteredChinos]

Euro dollar not falling much in comparison.

this move must be due to relative sterling weakness.

 

[ChowClown]

...nice triangle forming on the 5min EUR/USD, watch for BO.

 

[FetteredChinos]

its ok chow, i use Right Guard

 

[Redben]

Chow, yep - looking at 1786/85 as key break area (incidentally, this is a -25 reverse of 8.30-9.00 am breakout long) - will look to go short around there.

Ben

 

[ChowClown]

Good luck Red.

FC :cheesy:

Chow, yep - looking at 1786/85 as key break area (incidentally, this is a -25 reverse of 8.30-9.00 am breakout long) - will look to go short around there.

Ben

 

[FetteredChinos]

added to short at 1.7511 (SB price)

stops at 1.7540

my Euro sell order is in at 1.1776


FC

 

[Goober]

There's always one ...

its ok chow, i use Right Guard

 

[FetteredChinos]

whoosh, there it goes.


"Like a Bat out of Hell..."

 

[Goober]

I hope that 1.75 becomes resistance.

whoosh, there it goes.


"Like a Bat out of Hell..."

 

[FetteredChinos]

bloody hell so do i goobs.


added again at 1.7505 as it was at the top of the channel on the 1 min chart.

gonna start emptying out though at about 1.7460 should we get there...

 

[FetteredChinos]

lol would you believe it. cable and euro start going bananas and my capitalspreads platform has melted like a boiled sweet stuck in a car glovebox.


hope it picks itself up soon. anyone else having trouble?

FC

 

[Goober]

1.7485 and falling! :cheesy:

Looks like 1.75 is now resistance.

 

[fazalv]

FC

CS running sweet for me.
Running a massive overnight short position..exit when RSI (25) bottoms out on 2 hour chart or trail stops hit.

 

[FetteredChinos]

nice one faz. i held a short overnight. took a bit of a hit exiting my positions yesterday to move into futures, but today is currently massively up too

remember we have data at 1.30 today, so keep those stops tight, and remember to help old ladies accross the road.

im nipping out for a kebab lunch, so i'll have to survery the damage when i get back!

 

[Goober]

A little bounce up to 1.7498 as we speak. Hope the round number holds as resistance.

 

[FetteredChinos]

looking ok-ish so far goobs

remember the Nwankwo Karnage that could happen around 1.30

i think i might well stick her in neutral before then..

FC

 

[Welshmal]

Judging by market reaction this week at 1.30 then neutral seems a good policy. Not only do we have key US news at 1.30 but I note we have more at 2.15.