Weekly thread July 7-11

[rezo_s]

I think right now we are on the way to retracements I was talking about. Lets see where will this lead us.

[lamark]

Rezo

Thank you for your considered opinion. I did not come to the forum because I did not enter any trades and lam acking very much in confidence.

What you say is quite true. Both the pairs look bearish at present.

Regards

lamark

[Reap]

Hello Rezo,
I am still around, I don't need to post much, I like the long runs instead of the day trading. There is alot less stress. No need in closing positions just to search for a new entry all day. Using profit as a cushion and being happy if you are stopped out seems just a little bit easier. You can take days and sometimes weeks and still be making money. Sure one can make more pips riding the smaller trends if you want to sit and study graphs 24/7 and I have tried trading this way but is wasn't worth it. I know the USD is getting stronger so I haven't even put time into more studies right now. When 1.12 nears I will be re-adjusting my position as my studies indicate. A nice 400 pip run so far, not bad for just watching out for the turning point and getting in.

[rezo_s]

Hi, Reap.
Yeah, I agree. I posted earlies that you made this call in the mid of past month; once again - good one. I must say that though my trades are also of 100-300 pips eaah, your call was inpressive, and at that time I didnt think euro would go below 1.13 levels. As you see now, the next stop I am obsetving there is 1.1230 area. There's never exact level, but hey. who needs it :d if we ride for 100-300 and in your case 400 pips, then who cares of 50 pips +/-? sure its good, and extra money will always find place in pocket, but target it target, and espeially if tgt is good - thank you market, I'm covering .
Reap, keep up to date in case you enter any other trade in the near future - my thread is always open for you .

Best Regards.

[rezo_s]

Hi all. I think I'm close to those levels, where I may enter. except for gbpjpy - its way down already, and even though it did go as high as 193.8+, I was asleep, and even if I wasnt, I didnt have a clear signal on short frame chatrs for sell.
Anytime now I may sell eutjpy and also buy usdchf; euro/doll didnt reach yet 350s, so no sell yet considered - as I said - only above1.1350. (I'm still watching to decide whether to entet or not...still not definite. usdchf is a bit uncertian resuming the upmove ??? will see).
See you as soon as I enter.
Good Trading day.

[rezo_s]

Just sold eurjpy @ 133.85

[thedavid33]

Hey Rezo. Great thread man! This really helps a newbie like me. It looks like USD/CAD is ready to come back down. It's at 1.3619 now. Thanks and good trading!!

[rezo_s]

Stop 134.8, tgt 132.50. Bad, real bad ratio here. As soon as price gets to 133.50, I move to b/e.