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April forex?

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All-Star
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Posted: #26
Well,  I am out of that position.  
Broke a new high after 12 hours of muddling around.  

Next stop 1.50  
 
Covers Linesmen
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Posted: #27
rick,

I am not afraid of the EU, even though I could have taken a profit, I dont see how on its own merits it will stay this high for an extended period..

So I will keep adding slowly and wait for it to crater.


 
Captain
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Posted: #28

I agree Wall...i thought the DJIA was on a path for a cross and its just been on fire since my post...looking at the monthly the RSI hasnt been this high since Dec 07...there should be some resis around 12630 but who knows...

 
Captain
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Posted: #29
USD at its low from 09..is it eyeing the April 08 lows now or do we see a bounce from here??
 
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Posted: #30
Quote Originally Posted by bucknuts:

USD at its low from 09..is it eyeing the April 08 lows now or do we see a bounce from here??

Need an event to turn things..that being a USM cratering or some political event..or the whisper of rates being raised. Even the mere whisper and the whole game is reversed.


 
Rookie
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Posted: #31
Anybody holding a position right now???
 
Covers Linesmen
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Posted: #32
I am sitting on the EU short, let them keep running the POS up, fine with me.

 
Captain
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Posted: #33
Added to AUD...relentless moves here..risk is on but how much longer???
 
Prospect
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Posted: #34
Quote Originally Posted by wallstreetcappers:

I am sitting on the EU short, let them keep running the POS up, fine with me.


Wall............that little 300+ dump today had to help. Patience paid off I hope.

                                            1iron
 
Prospect
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Posted: #35
Quote Originally Posted by bucknuts:

We had some big moves yesterday i might be a bit early here but im takin a short in AU/USD  1.0670


Buc.......................Hope you waited this one out, if you did then

                                  
 
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Posted: #36
Quote Originally Posted by 1IRON:


Wall............that little 300+ dump today had to help. Patience paid off I hope.

                                            1iron

Thanks..

Waiting for 1.40 and I wont cover until that point, which will be a monster winner when it happens.
 
Captain
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Posted: #37
i see you want 1.4 Wall...have you pulled a fib on any charts to see if thats in the cards for now?
 
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Posted: #38
Quote Originally Posted by bucknuts:

i see you want 1.4 Wall...have you pulled a fib on any charts to see if thats in the cards for now?

You know I have waited this long, waiting for 1.40 might not even be enough..you need to stretch the time frame to properly factor in the move from 1.20 to 1.49 to here..fib lines are going to be odd in the short term, but the long term if you factor in the move from the low to the high, I would say 1.40 might be lean..maybe even lower.
 
Covers Linesmen
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Posted: #39
Getting closer to 1.40..

Might have to reduce the cover rate, smells like she could go even lower.
 
Captain
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Posted: #40
If it can bust below 1.4050 no support until you reach some MAs over 100 pips below there...Nice trade sir
 
Captain
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Posted: #41
Wall i see 1.40 you still holdn that EU?
 
Covers Linesmen
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Posted: #42
It went below it but I had a limit in at 1.40, but I left 25% to see if it could go lower. This AU while a dramatically smaller trade will probably take a good more ammt of time to work out. I think the EU could go to 1.30 if Greece cracks.
 
Captain
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Posted: #43
Wall what do you think we r going to get for the summer months on DJIA...run and gun or what??Im lookn for sme pullback but shit is crazy in the heat
 
Covers Linesmen
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Posted: #44
Quote Originally Posted by bucknuts:

Wall what do you think we r going to get for the summer months on DJIA...run and gun or what??Im lookn for sme pullback but shit is crazy in the heat

Ive thought pullback for a year or more. We are fighting the FED and cheap money, they know if the market drops that it will have a ripple effect across the economy and so even though it should happen it probably wont.
 
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Posted: #45
Hit the EU over 1.44 today, which is an add to my 25% open position from before.
 
Banned
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Posted: #46
Quote Originally Posted by wallstreetcappers:

Hit the EU over 1.44 today, which is an add to my 25% open position from before.
you're still short right? i keep forgetting you do those long swing trades. i usually just night trade the london session and occasionally the us
 
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Posted: #47
Quote Originally Posted by misfits:

you're still short right? i keep forgetting you do those long swing trades. i usually just night trade the london session and occasionally the us

Yeah I dont like doing long swing trades, but Ive learned that if you dont give a position the chance you will get whipped and lose.
 
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Posted: #48
Added more at 1.4625 this morning..
 
Captain
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Posted: #49

Positve in EU now Wall?

 

 
 
Covers Linesmen
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Posted: #50
I was great before, the second batch of EU is in good shape, its been a tough go as I think it deserves to be at 1.30 given the situation there, but what do I know?
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