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23-12-2011, 08:54 AM
#1461
Massive shooting star on the daily chart that has rejected a S/R level - anyone else short off this?
Attachment 3738
"Contrariwise", continued Tweedledee, "If it was so, it might be; and if it were so, it would be; but as it isn't, it ain't.
"Today is already the tomorrow which the bad economist yesterday urged us to ignore" H Hazlitt
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23-12-2011, 09:25 AM
#1462
Attachment 3739
Originally Posted by RazorX
anyone else short off this?
i took a buy limit long last night, triggered during sleeptime and I closed it when I woke up
For clarity, nothing I say is advice....
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23-12-2011, 10:09 AM
#1463
Hi peat - nice trade! You would have made around 40 pips? I possibly should have waited for a break of the low of the shooting star before going short... something I'll put in my tool box for the future. My trade is still running - as long as the pice doesn't go above the top of the shooting star the trade is still valid.
Merry Christmas!
"Contrariwise", continued Tweedledee, "If it was so, it might be; and if it were so, it would be; but as it isn't, it ain't.
"Today is already the tomorrow which the bad economist yesterday urged us to ignore" H Hazlitt
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23-12-2011, 12:50 PM
#1464
Originally Posted by RazorX
You would have made around 40 pips?
yeh only 45
i think the large bullish candle before the star means its likely we'll see more upside. but as always we'll hafta wait and see. i'm on holiday now and will be offline in Oz so just havin a little flutter before I go... not a great time of the year to be trading really anyway.
For clarity, nothing I say is advice....
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31-12-2011, 12:34 AM
#1465
Anyone out there in FX land know why the TRY just spiked 100 pips against the Yen while no other yen cross moved?
seems odd. hard to find any news.
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31-12-2011, 01:40 AM
#1466
the Eur/Try went down as well, so I guess the change in sentiment relates to the TRY itself. but of the reason for that I have no clue.
For clarity, nothing I say is advice....
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31-12-2011, 03:22 PM
#1467
Central bank intervention, to strenghen the Lira. Thats quite original these days!
"Still, some excitement came from Turkey, where the central bank intervened to support the wilting lira. The dollar dropped sharply from TRY1.92 to just under TRY1.86 by 1127 GMT as the central bank sold foreign currencies. "
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06-01-2012, 02:20 PM
#1468
Member
Hi All
>i am short the Eur from 1.3553.
> again at 1.3167
All the best for a pip filled year
this trade is up 1,100 pips on the Euro,the recent drop has had it fall back into its down-trend channel starting 31 10 2011
my stop is now at 1.3037
overnight it took out the 2011 support low at 1.2883 which is encouraging as it opens up the possibility of 1.25
cheers
roddy
Last edited by roddy; 06-01-2012 at 02:34 PM.
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07-01-2012, 02:12 PM
#1469
Good stuff Roddy. thats some serious profit.
The EUR has been easy money recently.
All eyes will be on the Italian bond auction in Feb. could be make or break for the EUR.
1.25 isnt too far away, only 200 pips.
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07-01-2012, 10:55 PM
#1470
Member
Thanks Pumice i hope you have a pip filled year, i am looking forward to when everyone gets back and posting,Oh BTW how did or is your holiday back here in NZ going
cheers
roddy
Last edited by roddy; 07-01-2012 at 11:01 PM.
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