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- dragoncat replied Jul 11, 2008
exactly.. but why not just long uj? probably less spread and less margin requirement?

EURUSD
- dragoncat replied Jul 11, 2008
wow... 1.5908 didn't even provide any sign of resistance!! RIGHT THROUGH! 1.6020 here we come!!!!!! all the bears didn't believe us when we all entered our longs from 1.5655, and shouted for the EUROs to come down every 10 pips rise...

EURUSD
- dragoncat replied Jul 11, 2008
oops.. just back from buying my expensive 40 pips dinner, hahaha..
EURUSD
- dragoncat replied Jul 11, 2008
covered my longs at 1.5826, firstly it's friday, secondly we've got importannt announcements in 20 minutes, thirdly, I don't think the support at 1.5790 is too well supported yet, BUT MAINLY it's because I'm hungry I'm going to get something to ...
EURUSD
- dragoncat replied Jul 11, 2008
the spike from 1.5690 ish from yesterday should have given the bears some ideas that we're going to go much higher, that built up to clear the 1.5750 wasn't just any spike, it was built up over a long period of time, and in this situation, it's just ...
EURUSD
- dragoncat replied Jul 11, 2008
yes, since this correction, I've been long since 1.5655, and I've built up positions since, but all the time someone would just come on the forum and give comments like the euro will fall to this, fall to that, without reasons backing, while clearly ...
EURUSD
- dragoncat replied Jul 11, 2008
true believers of bears can short now, I'll wait until below 1.5763 now since it held on so well earlier, I'll cover my position if it falls below and will start selling if the signal comes, coz unless it starts rising very quickly tonight, else I ...
EURUSD
- dragoncat replied Jul 11, 2008
it was bound to be broken when the 1.5760 held so well, it got up to 1.5763 since 16 hours ago and never even came close to the supports that are still waiting at 1.5750 and 1.5745, what's next is to see if we can hold above the price channel and ...
EURUSD
- dragoncat replied Jul 11, 2008
i'm officially stopping my journal as of now, too much work, look at my other posts instead, those I can post whenever i'm free instead of when i place the trade, less confusion for me so i don't make silly mistakes, and ever since I've moved to a ...
The Cat's Journal
- dragoncat replied Jul 11, 2008
there is already plenty of buyers up here at 1.5780, more buyers will come when the bears have given up hope below 1.5750 which is fairly well supported right now. short term range will be 1.5750-1.5815, break of 1.5825 or so will see 1.5900 ...
EURUSD
- dragoncat replied Jul 11, 2008
for those that are guessing, wishing, praying that EUR will drop to 1.5700 very quickly, you should notice that we've got no more resistance right up until 1.5900, 1.5800 is NOT a resistance anymore, it's no longer the top of price channel, fibo & ...
EURUSD
- dragoncat replied Jul 10, 2008
holding above 1.5790 into NA close would certainly be promising, as if price breaks out to another level/price channel, then we could be seeing 1.5900 by tomorrow... dreaming too much?


EURUSD
- dragoncat replied Jul 10, 2008
but having said that, round numbers aren't such a big thing the second time it gets tested, also 61.8% fibo isn't a big resistance, and top of price channel can get pierced sometimes then recover the next day... so fingers crossed..

EURUSD
- dragoncat replied Jul 10, 2008
same here.. i've found a chance to add more euros at 1.5769, fingers crossed... but i doubt we'll get far pass 1.5800 today for the reasons I've been posting..
EURUSD
- dragoncat replied Jul 10, 2008
i don't know, but I heard Oanda is the same..
only way around this is use really low leverages and trade longer terms, don't have a strategy that needs you to open and close trades in a shorter time frame, then you'll be a harder target, and ...FXCM Discussion
- dragoncat replied Jul 10, 2008
coz I had way too many platform freezes and slippages, locked positions that you can't close for minutes and other bullssssssssts that I lost count~~~
EDIT: what's worst is, when you have a problem, the service and attitude of the service rep are ...EURUSD
- dragoncat replied Jul 10, 2008
using fxcm which i don't recommend..
and as of yesterday, I'm trading from 1 hour charts and above, 15 minute chart is used for getting a feel for the intermediate price actions and the instance when the trend changes... used to trade in a ...EURUSD
- dragoncat replied Jul 10, 2008
actually 1.5800 wasn't a bad price to short, for the crazy traders out there, good 10-30 pips, coz afterall, the top of price channel is pretty good "1st hit" resistance, very hard to break thru at first go, also it's the 61.8 fibo, and it's a round ...
EURUSD
- dragoncat replied Jul 10, 2008
most of the time, if you are not chasing the price, you wouldn't risk much, when it's down building support, usually is good chance to enter, because if it loses support, you can just close it with approx 30pips loss, but when you're chasing, and ...
EURUSD