Baruch's Forex System Journal

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Quote from nycderivtrader:

I am currently short EUR/USD at 2005-
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NYCDT
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Short EUR/USD is a position I'm currently looking at as well. I don't have any profit targets in mind, but a pullback/correction seems to be occuring, or gearing up to happen.
 
Steve,

Keep an eye out for a quick 20-30 drop- news and market issues seem to (in my view) already have been accounted for in this two day rally.

We are seeing the pair move horizontally now with little fluctuation (20-25 pips), waiting to break out of this channel- people just don't seem to know what to do.

I think that there is greater risk in going long than short and see in the short term (over night, tue morn) a possibility to pick up some pips on the way down.

NYCDT




Short EUR/USD is a position I'm currently looking at as well. I don't have any profit targets in mind, but a pullback/correction seems to be occurring, or gearing up to happen.
 
eurusd looks like it could be a good short play, but maybe not ready yet.

- came back to 68% retracement level
- monetum has peaked
- rsi overbought
- longterm downtrend line (daily chart) only 50pips away, came near to it earlier but came back down

ideas?
 
Quote from rax:

eurusd looks like it could be a good short play, but maybe not ready yet.

- came back to 68% retracement level
- monetum has peaked
- rsi overbought
- longterm downtrend line (daily chart) only 50pips away, came near to it earlier but came back down

ideas?
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eur/usd is in play 'long' @ 120.70
momentum cross is close to positive and stochastics are rising from oversold.

yup. it looks like im compelled to take this one.
looks like an almost sure thing. oops did i say that. go short now.:D
 
Quote from rax:

as i have to leave now, i closed my trades in eurjpy +102, and usdjpy +82. was quite a nice day.

all the best to you, guys!
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closed it too early...
 
seriously though,
if eur/usd breaks 120.70 then 121.84 is the next breakout buy trigger then 122.50 will be next.
all in all mkt could break the 123-124 threshold before another significant pullback if the above holds true.
 
Quote from Guardian Angel:

eur/usd has put in about 2weeks worth of strong support.
a good long bounce should be in order here folks.
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ok, this could be true.
for the longer term, im also rather bearish for the usd.
 
Quote from Guardian Angel:

eur/usd has put in about 2weeks worth of strong support.
a good long bounce should be in order here folks.
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You believe USD will fall in anticipation of higher interest rates?
 
Quote from forextrades:

You believe USD will fall in anticipation of higher interest rates?
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this is what i believe:

TY will prices will fall along with ES,NQ, YM
DX & USD (same thing) will also decline.

therefore as the U.S. stock market declines so will bond prices and the US $.
meanwhile commodities like CL and S and GC could rally beyond our wildest dreams.
 
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