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Xaron replied Sep 18, 20091.4720 is just a key level. As long as it doesn't close (on a daily base) above this level there is still (plenty of) room to the downside.
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Xaron replied Sep 18, 2009Just my thoughts: Who will buy right now at these rather high levels (seen with the base of this move without a retracement) on this triple witching options expiration day before a weekend? I can imagine a lot of profit taking will happen, well, ...
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Xaron replied Sep 18, 2009I don't use fibs but 1.4550 looks like a reachable target. Around that area I scale in longs again.
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Xaron replied Sep 18, 2009Next possible targets: S2: 1.4653 small support: 1.4640 S1: 1.4619 bigger support: around 1.45
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Xaron replied Sep 18, 2009No one knows that. It can even go below 1.45 or shoot up to 1.50... Well, to be honest I don't expect the latter.
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Xaron replied Sep 18, 2009It doesn't has something to do with this option expiration. I guess it's just simple profit taking after making higher highs 9 days(!) in a row without looking back.
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Xaron replied Sep 18, 2009If you look for long term targets, I still stick to my target of 1.50-60 till the end of this year. The Aussie will go for parity. All this stock market correlation (stocks down, Dollar up) already weakens...
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Xaron replied Sep 18, 2009I'm with you but only after a decent dip at least below the 1.46 handle.
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Xaron replied Sep 18, 2009How often do you get stopped out only to see it continuing in your direction?
There is no need for stops if you use low leverage. Well, I was never a friend of this R/R bullshit, sorry. It's not that simple. It's a game of probabilities and using ...Do you use stoploss?
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Xaron replied Sep 17, 20091. In general no. 2. Because my leverage is incredible low and I don't want to exit a trade because of a false breakout/spike 3. -
Do you use stoploss?
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Xaron replied Sep 17, 2009No offense, but after this rally for days there should be at least a correction. In the long term I agree but there is no need to go long right now. Of course it depends on your leverage.
Plus this triple witching thing tomorrow and I'm rather ...EURUSD
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Xaron replied Sep 17, 2009Actually no. Short term. Long term I'll buy again. I don't expect a trend change, we'll see 1.50-60 till the end of this year. But it might go down to around 1.43-40 before. That's my view.

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