EUR.USD

[roddy]

Hi Peat/DB

yeah not quite as sharp as you Peat but managed 70 pips between Euro and kiwi
last nite

roddy

[peat]

Have been a bit patient but thought the double doji and then the triangle breakout (well I went a bit early actually) were sufficient enticement for another long - almost got stopped with a -30 pip set, and have now moved that to break even - currently +60.

[dumbass]

this might be a little help peat for a what is shaping up to be a bullish gartley

a = C at 157 risk at 156 for a run at 163

[peat]

yeh that was always a bit of a b wave I guess and c wave violence hit hard and fast .... oh well nothing lost with stop at b/e

[Bilo]

da
I looked a that one but was not convinced it would go back up but instead might continue down to continue the aftermath (gartley?) of a rough major butterfly on the 3 monthly...the RSI was down sharply...

[dumbass]

hi bilo , look its a possibility however c waves are sharp moves but in the end a correction to main trend

if the gartley prints at around 1.57 then im wrong at 1.56, but if correct minimum requirement is a run at 16040 and im picking higher 1.63.

so risk a 100 for 350 or even 600 which is a good risk reward

it will depend a lot on how action looks heading into 157 before you can make this trade though

[dumbass]

hi peat , just checking the daily metastock

eur usd has posted a bearish engulfing and broke a trendline

possible this is the start of a bigger move lower

i have broken a rule and sold against trend more as a hedge to ride down to 157
will probably end in tears

[peat]

hey da

been working the dayjob tonite so only watching seems like you've got some down pips at this stage tho....

the long term holding of AG is getting hammered so thats enough pain for me atm. sold some at 19 but still it affects the a/c balance quite badly when it falls this much.

i'll be looking for some confirmation before longing Eur now....

[dumbass]

sorry to hear about ag , eur usd nearly at target , just waiting for final leg lower to 15710


http://i36.tinypic.com/2iablo6.gif

[peat]

Holding AG long term is my response to not being that great a short term trader DA.

But of the Euro, has it turned again. I think so , long again from 1.57.