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- dragoncat replied Jul 10, 2008
not a bad idea for 10-30pips, for the 3 reasons mentioned (61.8 fibo, round numbers & top of price channel), but you'll need tight stops, but I think you may have just missed out...
shouldn't get there again for few more hours, by then, when it's ...EURUSD
- dragoncat replied Jul 10, 2008
hi Dee, no problems, usually if I'm tempted, I'll just enter small lots, and risk little... know exactly where the stop should be, doesn't hurt as much either when you're right OR wrong...
you know how it feels when you're right, but aren't in... ...EURUSD
- dragoncat replied Jul 10, 2008
we're here now... maybe it's not a bad idea to have closed the long for those that did, as the first support is 80 pips below the current price, pretty large range to fluctuate around... :I
EURUSD
- dragoncat replied Jul 10, 2008
haha.. i'm waiting for chances to enter more, but it's not retreating! And I'm not crazy enough to chase the price... LOL...

EURUSD
- dragoncat replied Jul 10, 2008
hi Dee, I've always seen sign before releases, I remember that was the case even when the financial crisis hit in Aug sometime ago, when the fed suddenly reduced the interest rate by 75bp, the trend was already starting to pick up before the ...
EURUSD
- dragoncat replied Jul 10, 2008
all top side resistance is cleared now... look to buy into correction, 1.5900 here we come~~~
got to be careful though, the first support is all the way down at around 1.5710~~EURUSD
- dragoncat replied Jul 10, 2008
depends if you believe the insiders always gets in before any news is released, there's signs that the trend have resumed even before the 10am speech
EURUSD
- dragoncat replied Jul 10, 2008
yeah, looks like the uptrend have resumed...
time to get something to eat...EURUSD
- dragoncat replied Jul 10, 2008
if you believe in the bull, then should set your order @ 5690/93, below 5687/90, it may keep falling...

EURUSD
- dragoncat replied Jul 10, 2008
yes it was pretty convincing until the stop was hunted down at 1.5752, since then, buyer's interest is pretty rare to come by, and the action around 1.5716 is DEAD... aggressive bulls, can get in now near 1.5690, but I'm staying out until it gets ...
EURUSD
- dragoncat replied Jul 10, 2008
i think the price will retest 1.5660, but before that, it's just going to whip around wildly between the 5660-5760 range for now..
EURUSD
- dragoncat replied Jul 10, 2008
covered all my longs now, will look to trade within the range 1.5649-1.5762 now..
EURUSD
- dragoncat replied Jul 10, 2008
there's been lack of buyers interest since the breach of 1.5748, and price quickly retreated, and price are losing support around 1.5716 which was built in the last 16 hours, CHF & JPY have also reversed... so technically it looks like the big boys ...
EURUSD
- dragoncat replied Jul 10, 2008
looks like we're going to be trapped inside 1.5709-1.5748 for a few more hours like it did yesterday...

EURUSD
- dragoncat replied Jul 10, 2008
hard to say, I'll cover my longs below 1.5700, and will not be adding any longs until it clears 1.5761, unless it can be shown that 1.5709 is well supported, then i may decide to add a small amount.. I'll also hedge my position temporarily if it ...
EURUSD
- dragoncat replied Jul 10, 2008
could be a reversal, better keep your eyes peeled.. there's been lack of buying interest since the break of 1.5752, will have to see if have more interest closer to 1.5700 and will have to see if it holds..
EURUSD
- dragoncat replied Jul 10, 2008
i'm back, look like the build up to clear 1.5752 is successful, but fail to keep 1.5750 as support, 1.5716 will be tested once more...
EURUSD
- dragoncat replied Jul 9, 2008
added a bit of euro longs 1.5725, with tight stops @ 1.5700, fingers crossed 1.5716 holds going back to finish off my sleep~~ Zzzz...
EURUSD
- dragoncat replied Jul 9, 2008
supposed to be still sleeping, but just got woke up by my phone, meant to be in silent, but the alarm still rang! Anyway, 1.5700 held overnight, and we just had a nice dip to 1.5716, if the bull run continues, that would probably be the last dip ...
EURUSD