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<Laughing out loud :) Some nice downward movement here...lets see it through. I still hold my shorts from 163.88 & 164.4 w/SL North of 165.25 Below is the M that Riskfree is referring too...nice drop there :) <a...

Second limit triggered and we're back in the earlier rang with EUR strength. Good work on the pips KS96

I'm short @ 163.88 with a doubled up limit sell waiting @ 164.4. S/L above 165.25 & T/P 162.6ish.

Cable looks to be coinciding with your charting now...touching the upper end of that trend line as well as the previous 1.99 figure (upwards resist). My chart (daily)... <a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view&current=gbpcopy.jpg" target="_blank"><img...

Please keep posting and ignore the one-off posters...I appreciate your reports and feedback on this pair. It's good to see the thread active. I'd be right in there with you but have been locked out of my broker at work the last few weeks... :/ Good trading RiskFree

Stopped out for +20 pips...not dumping like I wanted and I'm not holding this one into the weekend.

...1.97 fast approaching

I figured I would bump this and see if I can draw any feedback on the pair and my views... I went short last night @ 1.977, looking to play some of the UK rate news this morning as well as the overall downtrend on the hourly. I have limit sells doubling in size just shy of 1.985 and again...

Yeah, very true...will keep watching for now.

Annnnnnnd I was pulled out of my shorts @ 160.74 :) Will try and score a better entry later.

Good work on the pips RiskFree. I too will try and get out of my shorts on the next trip below 161. We're heading towards 160.9 as I type...

Ah, I was just about to ask if you had shorted again at the resistance run this morning. What's your ideal T/P and do you have any opinion on the longer term moves for this pair?

I just see resist. from here on up to 162.3 (both on the daily and the weekly). IMO, it looks more like a time to scale in short entries with a stop above 162.2 and look from some retrace down to 156 or lower. On the shorter term, we've been unable to close above 161.5 on the hourly and have...

Bump - Anyone watching the longer time frames? Are we looking at a good bounce off resist (161.10 or so) on the daily?

Are you doubling unit/lot size on every higher entry so that even a small retrace could put you in profit overall? Or another strategy?

Bump for any trend trading updates? Watching the USD/JPY at all?

Update: I took another short @ 99.80 (seeing that we could not break and hold steady above 100, nor reach higher than 3/18's break to 100.4) and closed both shorts out @ 99.20 for +45 pips net. The range continues to get smaller and I've been unable to access my broker at work the last couple...

I've taken the opposite position...I believe the recent uplift was a correction move, in part fueled by the US stock market rallies/less than expected rate cut. It tried to break and hold 100 but couldn't. I'm looking at a descending triangle that looks about ready to break... <a...

Good work yesterday and thanks for posting the charts! NZD/USD has a good top and is forming a descending triangle at the moment and I look to see it dump through .8000...

You trading at all with news today?