seems overextended.... should've taken the quick 50 it offered me tho....
its scary when arco questions my trade :o
maybe I should bail now when I can... but gone too far gone too fast kind of approach is where I'm at....
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seems overextended.... should've taken the quick 50 it offered me tho....
its scary when arco questions my trade :o
maybe I should bail now when I can... but gone too far gone too fast kind of approach is where I'm at....
Peat
its scary when arco questions my trade :o
That made me titter Peat, I was only wondering -
---------thought I might have missed something :)
105 pips for breakfast
You're on a roll Peat..................
:)
Longer term graphs here....
One chart shows the monthly since 1987 - a vicious decline from 2002's high of almost 1.6190 down to late 2007's low of just below 0.91
But 2009 has seen the recovery with levels now at 1.25 level being a 50% retracement. And since the daily chart is now showing a triangle formation which is a continuation pattern and often forms as a 'b' in an 'abc' correction perhaps this will resolve upwards for a final step in the dollars bounce back.
a strategy might be to buy the break of 1.27 here and go for 1.34 but after that build shorts especially if it goes to 1.45.
since my last post we got the signal to buy in at 1.27 and I've been progressively buying in dips since then and took some profit at 1.30 last night with 1.32 and 1.37 as next targets.. the large size of this pattern cannot be ignored and now we've nudged higher than the Oct and Nov highs it would seem to be confirming an upward breakout.
looks to be forming (continuation) triangles on the shorter terms so this adds weight to the suspicion that it will continue up
Just wondering if thats a bullish BF in the making
http://i37.tinypic.com/vpentl.gif
Chart should be explanatory
http://i38.tinypic.com/15he3up.jpg
I saw over 200 pips print on this one, and should have taken it. Got stopped at +100 while I was asleep
http://i33.tinypic.com/fkuv76.gif
I didnt get around to posting this snag yesterday, but the potential to move lower happened overnight.
http://i34.tinypic.com/2ecnjf7.gif
Potentially a long once the PA reverses. Perhaps in/around the lower grey box zone.
The PA gave a great scalp 5 hours ago with the Evening Star off Kumo rejection.
http://i35.tinypic.com/ei389f.gif
Nice breakfast treat - sleeping trade - triggered overnight . Originally thought the PA might print a RH shoulder - but it went ballistic.
http://i33.tinypic.com/28v5ahl.jpg
this would seem to be a strong long at the moment.....
starting to find itself now.... I kept buying more overnight....