Chinook's EUR/USD (E/$)Mumblings

Ivanovich · Nov 29, 2004

heh...long from 53 here as well.

What's your target?

TradingWise · Nov 29, 2004

THere is somewhat of a downtrend, so I don't know for how long I will be in.

TradingWise · Nov 29, 2004

Target is 70-75, before the downtrend hits, or maybe sooner if we reverse.

Ivanovich · Nov 29, 2004

Doesn't look that down from 30 seconds.

TradingWise · Nov 29, 2004

If you look at the 30 min chart, from sunday (yesterday), there is something there.

Ivanovich · Nov 29, 2004

You could be right, but I think it's just a lot of profit taking. The upward trend still exists. Of course, if you're just talking scalping, ignore my commentary completely.

TradingWise · Nov 29, 2004

Quote from Ivanovich:

You could be right, but I think it's just a lot of profit taking. The upward trend still exists. Of course, if you're just talking scalping, ignore my commentary completely.

What timeframe are you in for this trade?

Ivanovich · Nov 29, 2004

Until tomorrow. Or unless I get stopped out.

TradingWise · Nov 29, 2004

Maybe I'll extend my TP if we don't stall.

WHere is your Stop?

Ivanovich · Nov 29, 2004

28. Also shorted the Aussie (scalp) based on the 4cast report that longs are beginning to bail out now that the Aussie treasurer Costello followed Howell up with saying their exports are beginning to hurt big time. Shorted the aussie at .7862. That's a scalp.