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.