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The View Down River
- Thread starter downrivertrader
- Start date
I sold my original position at 1.1901 for 11 ticks. I am looking to re-enter long at 1.1886.
If I don't get filled, I will re-position above the 1.1907 area.
If I don't get filled, I will re-position above the 1.1907 area.
Quote from downrivertrader:
6:13 AM Price 1.1902
Price is heading into the 1.1905-7 area. It may turn back down. If you are inclined you can enter long around 1.1985 if it does in fact head back down and you missed the first opportunity.
You could also sell in this area for a quick 15-20 ticks. And wait for it to clear the 1.1907 hurdle or buy it back below again.
DRT
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Quote from downrivertrader:
Good Morining Everyone. Well patience paid off. Maybe.
I just exited the short trade from 1.1934 and reversed long at 1.1889. There may be more downside, but I am going to see if I can catch a move up.
That was a tuff 45 points so far.
Same as yesterday, I think we will need to clear the 1.1907 area if we do move back up. If not, we could get more downside so be careful.
I will update after some coffee.
DRT
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Quote from downrivertrader:
I bet the many who depend on this currency for other reasons think so too and they used this opportunity to purchase at a perceived "good value".
The key is defining the value areas. No revelation here, just needs to be said.
DRT
I take it by "other reasons" you are referring to utilitarian/uninformed traders. The question is, do those buyers/sellers make good market timers to be emulated? They would probably likely be just as willing buyers at a point much lower from here as well. Just a thought.
I just got filled long at 1.1986. Same plan as before. I will watch the 1.1907ish area if we do move up.
I may be wrong, but I feel the test of this area is really important. If we break thru and move on up, then we may see the 1.1980 area in the sessions ahead.
IF WE FAIL at the current level or especially on a pullback to the 1.1907 area, then the levels below that everyone is talking about should be seen. If we do fail and I have to exit, I will try to post some thoughts on this also. Right now I am watching to see if spot bounce off the 1.1864 level looking downward.
BE CAREFUL!!!!
DRT
I may be wrong, but I feel the test of this area is really important. If we break thru and move on up, then we may see the 1.1980 area in the sessions ahead.
IF WE FAIL at the current level or especially on a pullback to the 1.1907 area, then the levels below that everyone is talking about should be seen. If we do fail and I have to exit, I will try to post some thoughts on this also. Right now I am watching to see if spot bounce off the 1.1864 level looking downward.
BE CAREFUL!!!!
DRT
Quote from downrivertrader:
I sold my original position at 1.1901 for 11 ticks. I am looking to re-enter long at 1.1886.
If I don't get filled, I will re-position above the 1.1907 area.
--------------------------------------------------------------------------------
Quote from downrivertrader:
6:13 AM Price 1.1902
Price is heading into the 1.1905-7 area. It may turn back down. If you are inclined you can enter long around 1.1985 if it does in fact head back down and you missed the first opportunity.
You could also sell in this area for a quick 15-20 ticks. And wait for it to clear the 1.1907 hurdle or buy it back below again.
DRT
--------------------------------------------------------------------------------
Quote from downrivertrader:
Good Morining Everyone. Well patience paid off. Maybe.
I just exited the short trade from 1.1934 and reversed long at 1.1889. There may be more downside, but I am going to see if I can catch a move up.
That was a tuff 45 points so far.
Same as yesterday, I think we will need to clear the 1.1907 area if we do move back up. If not, we could get more downside so be careful.
I will update after some coffee.
DRT
--------------------------------------------------------------------------------
I just flattened out at 1.1902 on the second failure to get thru 1.1907 will look to get long above again.
Quote from downrivertrader:
I just got filled long at 1.1986. Same plan as before. I will watch the 1.1907ish area if we do move up.
I may be wrong, but I feel the test of this area is really important. If we break thru and move on up, then we may see the 1.1980 area in the sessions ahead.
IF WE FAIL at the current level or especially on a pullback to the 1.1907 area, then the levels below that everyone is talking about should be seen. If we do fail and I have to exit, I will try to post some thoughts on this also. Right now I am watching to see if spot bounce off the 1.1864 level looking downward.
BE CAREFUL!!!!
DRT
--------------------------------------------------------------------------------
Quote from downrivertrader:
I sold my original position at 1.1901 for 11 ticks. I am looking to re-enter long at 1.1886.
If I don't get filled, I will re-position above the 1.1907 area.
--------------------------------------------------------------------------------
Quote from downrivertrader:
6:13 AM Price 1.1902
Price is heading into the 1.1905-7 area. It may turn back down. If you are inclined you can enter long around 1.1985 if it does in fact head back down and you missed the first opportunity.
You could also sell in this area for a quick 15-20 ticks. And wait for it to clear the 1.1907 hurdle or buy it back below again.
DRT
--------------------------------------------------------------------------------
Quote from downrivertrader:
Good Morining Everyone. Well patience paid off. Maybe.
I just exited the short trade from 1.1934 and reversed long at 1.1889. There may be more downside, but I am going to see if I can catch a move up.
That was a tuff 45 points so far.
Same as yesterday, I think we will need to clear the 1.1907 area if we do move back up. If not, we could get more downside so be careful.
I will update after some coffee.
DRT
--------------------------------------------------------------------------------
1 may also consider entering long again 1.1980-1.1981.
After all, we want the NY guys to have a nice spot to enter once they get settled in. Just wouldn't be proper if they miss anything.
After all, we want the NY guys to have a nice spot to enter once they get settled in. Just wouldn't be proper if they miss anything.
There is a lot of selling taking place just under this 1.1907 area and the bell curve is supporting a move down from here. So be very careful with any longs until this area is broken thru and holds.
DRT
DRT