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ForexPro

Registered: Oct 2005
Posts: 558

03-03-06 08:21 PM

Cosed all out for 1.2020 for lack of follow through.

Am looking to short anywhere near the 1.2080 level, which is cast-iron resistance - cant see that going on the 1st attempt.

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Ivanovich

Registered: Oct 2004
Posts: 9243

03-07-06 03:42 PM

Did you short?

I wonder where "energytraderus" ran off to. The guy telling us the dollar was headed for the abyss again.

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ForexPro

Registered: Oct 2005
Posts: 558

03-07-06 03:50 PM

Yeah I shorted sunday at 1.2080, and closed out at 1.2014. I guess I missed a big move. Oh well, I will learn for the future.
I think if you take regular profit of 40 pips, its better than waiting for a 150+pip move as the number of times you'd get stopped out isnt worth it.

Am looking to find a way back in.

Just shorted USD/JPY at 117.7, looking for 117.

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illiquid

Registered: May 2002
Posts: 3613

03-10-06 04:11 PM

Is it me or too many people short this thing (at least for this week)?

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ForexPro

Registered: Oct 2005
Posts: 558

03-10-06 04:13 PM

It just seems not to want to go down against the $. If you look at the Ł today, it lost over 150 pips today, the Eur didnt. I think if it gets over 1.1925 today its a massive buy signal for next week.

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Lon Eagle

Registered: Aug 2004
Posts: 630

03-10-06 04:48 PM

Every bit of logic says be short - following cable and $ yen, but it cant go lower. Look at the euro crosses as well - eurŁ and eurchf at the highs.

If this bounces above 1.1930 it could squeeze an awful lot of people out and be evil.

Time to go long with stop below today's lows.

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