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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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EURAUD EXITED @1.3795 WAITING FOR NEW SETUP EURUSD WATCHING 1.3940 AREA, THE RETRACEMENT THAT MIGHT BE BEFORE PROBABLY HEADING FURTHER NORTH Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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EURAUD SHORT @1.3789 TP 1.3720 SL 1.3845 EURCHF EXITED @1.2957 Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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Forex traders get paid for their patience Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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fxtech wrote:Forex traders get paid for their patience Patience pays. Still holding my AUDCAD position - this is why I said it is a perfect monthly setup though slow, but rewarding.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Long on EUR/USD @1.3893, SL 1.3875, TP 1.3950-75. Reason the 200-hr sma has supported the recent move higher in EUR/USD and appears to be continuing to do so. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Long on EUR/USD @1.3893, SL 1.3875, TP 1.3950-75. Reason the 200-hr sma has supported the recent move higher in EUR/USD and appears to be continuing to do so. Trade exited 1.3908. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Ceinz wrote:Long on EUR/USD @1.3893, SL 1.3875, TP 1.3950-75. Reason the 200-hr sma has supported the recent move higher in EUR/USD and appears to be continuing to do so. Trade exited 1.3908. Good that I exited, my SL would have been hit. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Looking for long opportunities on USD/CHF. “small step for man”
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@hisah audcad hv bn short also n holdng on @ceinz eurusd we hv to wait for a new move gud u first exited. i gess it would nt be very gud to go long usdchf nw im short eurgbp@0.8595 TP 0,8525 Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 12/11/2006 Posts: 896
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trade entered, Buy GBP/USD @ 1.6170 SL 1.6130 “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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It is when the stock market is slipping downwards,like now, that I really love the forex market. Lets go currency traders!! I have alot of cash in the stock market though 
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Rank: Member Joined: 12/11/2006 Posts: 896
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gbp/use long position stop loss moved to 1.6175 to book 5 pips profit “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@ngatap GBPUSD a gud trade right there,I would go for 80+ pips but am already full with trades I will just watch from the sides. All the best Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 12/11/2006 Posts: 896
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just exited trade @ 1.6186. looking to re-enter again in coming session once i analyse which direction. just saw this somewhere Divergence with highs over the past month warns of a GBPUSD top. That top may very well be in place as the GBPUSD has declined over 200 pips from its recent high. Near term support comes in at 16050 and 15950 (both Fibonacci extensions and former supports). Interest rate differential and a proprietary indicator that compares interest rate differential trend and price trend favor the downside as well. “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:Looking for long opportunities on USD/CHF. Thanks God I never enter, the pair down almost 60 pips, must have been some fundamentals or something. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ceinz wrote:Ceinz wrote:Looking for long opportunities on USD/CHF. Thanks God I never enter, the pair down almost 60 pips, must have been some fundamentals or something. US and Eurozone fundamentals cannot match with Swiss fundamentals with gold and silver tearing the roof. I expect new record lows in USDCHF and EURCHF pairs.
Still wondering about the 100K eurodollar sell contract with 1.29 strike price in March. With Moody's cutting Greece bonds rating 3 steps down, careful with euro buying... And when will these rating agencies start downgrading US bonds? This feel good pretext is taking too long...
I'll continue to hold my silver and gold positions till the skies fall. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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hisah wrote:Ceinz wrote:Ceinz wrote:Looking for long opportunities on USD/CHF. Thanks God I never enter, the pair down almost 60 pips, must have been some fundamentals or something. US and Eurozone fundamentals cannot match with Swiss fundamentals with gold and silver tearing the roof. I expect new record lows in USDCHF and EURCHF pairs.
Still wondering about the 100K eurodollar sell contract with 1.29 strike price in March. With Moody's cutting Greece bonds rating 3 steps down, careful with euro buying... And when will these rating agencies start downgrading US bonds? This feel good pretext is taking too long...
I'll continue to hold my silver and gold positions till the skies fall. Good take on the swiss franc, I'll also be wary on my euro longs. What about the Aussie, do think this soaring of gold might bring more bulls on board? And where do you think the yen is headed? “small step for man”
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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@ngatap why did u fear the long GBPUSD @Ceinz it's gud u dnt trade USDCHF Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Something meaty about USD bonds - this happened last month... http://www.reuters.com/a...t-idUSTRE7285M020110309
@Ceinz - Aussie has too many bulls and I also don't trust their real estate trend. But as I said before with G10 nations choking with debt to the neck, it is quite difficult to say this currency vs this one is better. I prefer buying silver or gold stocks instead (aussie mining firms and others globally). $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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EURAUD TP booked @1.3720 +75pips TRADES STILL RUNNING: EURGBP, AUDCAD I'm, SHORT NZDUSD@0.7355 TP1 0.7305 TP2 0.7255 SL 0.7415 LONG EURAUD@1.3807 TP 1.3890 SL 1.3740 Discipline & sticking to your strategy even when you loosing defines great traders.
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