Sell Eur/Usd - Page 561

FXInvestor · 31-01-2007, 06:47

Quote:

Target nr 1 : 1.2909
Target nr 2 : 1.2878

How about closing short euros now ?

right now at: ~1.2937

el_duende · 31-01-2007, 06:51

Lots of economic news today including interest rate statement from USA. Today could set the direction of the markets over the coming days.

I to would agree South as I believe economic data will be good for USD, there is a chance of a cut in interest rates but over the last month USD economic news has been better than expected in general so I think they will hold at the same level.

Lets see what happens :-)

Iris · 31-01-2007, 10:09

Hello Everyone.....

Quote:

Cable's next Targets @ 1.9610<>1.9590 will be Exit Zones on these 1st/2nd Cable Sell's to re-Position as we will be @ an Intermediate Support on this South Reversal for which we will re-Position for the next decline Target @ 1.9480<>1.9460.
Let's watch how 1.9590 reacts to Price as we may get a further decline follow thru to 1.9560/70 and will be a Key level to decifer Price Discovery and how much of this current Cable North advance onto 1.9916 has Exited the Market as Cable has had almost a 300pip decline in 48+hrs.

We have Exited All Cable 1st/2nd Sell Positions @ 1.9570 to re-Postion as we achieved the follow thru that I was factoring.

Cable has entered the next South Target Zone @ 1.9480<>1.9460.

Cable Low currently @ 1.9482.

IRIS FX

pelle64 · 31-01-2007, 10:35

Quote:

Originally Posted by FXInvestor

How about closing short euros now ?

right now at: ~1.2937

i did that - 2 times

Lets se how this goes

FXInvestor · 31-01-2007, 12:03

Quote:

i did that - 2 times

Lets se how this goes

you rock the charts dude

q827 · 31-01-2007, 15:36

Quote:

Originally Posted by Iris

Hello Everyone.....

Cable has entered the next South Target Zone @ 1.9480<>1.9460.

Cable Low currently @ 1.9482.

IRIS FX

Hit your zone but then bounced back up. GBP/USD is just all over the place right now.

FXInvestor · 31-01-2007, 19:04

Quote:

Hit your zone but then bounced back up. GBP/USD is just all over the place right now.

sorry guys, was half asleep, messed up 2 threads....

apologies (edited)

FXInvestor · 31-01-2007, 19:51

Quote:

Hit your zone but then bounced back up. GBP/USD is just all over the place right now.

We can't change what happened, but if indeed you were in hefty profits, I have an advise for you, USE SL i.e. SL right below your such a short position. I have posted this advise few times in the past in this thread.

SO, if such situations take place, the position would have closed in 100+ pips. I rarely use SL to actually stop the loss but often to close in decent profits.