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Following your blog & posts here, nice to see some quality PnL posting, regardless of outcome.

Hey Guys :) Cable, David, Ivan...we're all doing well, I hope? :) Ivan, your post/comment from months (maybe a year!?) ago popped into my head... "Look ma! No Stops!"

2009 treating you alright Merc?

Great stuff NoDoji, your posts are one of the few reasons I keep coming back to ET.

Still alive but cutting back my trading, also focusing on simple S&R plays. I'm down more than 9% since October 08, trying to crawl back.

Glad to see you back, will be reading.

Great post and congrats on the year. Will you be starting a new journal?

Thanks for keeping up with the journal Merc, I really appreciate it. It's encouraging to us who are still just "off the turnip truck" :)

I went live Feb 08

Classic setup, love this trade. I took the same trade I believe, yesterday morning.

Per the daily, we're still setup for some some big moves coming soon...I've been shorting the range the last week but do look forward to catching a breakout move, one way or the other.

Yeah, good call...I'm trying to just wait and see what happens...

Haha, yeah, that wiggle is the hard part

GBP movement, anyone watching? I'm waiting to short on the break of lows... Also some movement on the USD/CAD, I'm long at 1.2126, looking to see the upward trend continue. Morning!

Just daily lows. It looks like price has since carried through up to the 50% level where it's again seeing retracement. Catch you guys later tonight...sleep time :)

Fibs stopped the retrace, at least for the moment, at the 38% mark of the today's drop... <a href="http://s24.photobucket.com/albums/c26/sammybiker/?action=view&current=eur-6.jpg" target="_blank"><img src="http://i24.photobucket.com/albums/c26/sammybiker/eur-6.jpg" border="0"...

Yep...there looks to be some pushing back at the 38% fib of the latest drop. I'm trying to remain patient for an hourly reversal candle to confirm and go short again...

Very true. No reason to push it now, especially with the upcoming opportunities with the EUR & GBP (as Danny pointed out in a previous thread). Thanks for the inputs guys...Viper, good points, thanks!

And after all that typing, I went to close my positions at +130 on the EUR, + 34 on the USD/CAD & +27 on the NZD/USD. I'll reshort the EUR/USD on the break of 1.25 Thanks for the comments and input everyone, keeping me sane here.

Yes, in a normal situation, I would certainly scale out and book some profits...but with my current account situation (down a little more than 3%), I'm looking to breakeven with this trade and if that doesn't work out, then I'm fine where I'm at right now and will try again. It's an all or...