#921 (permalink)  
Old 09-30-2008, 04:57 PM
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Quote:
Originally Posted by SimonRK View Post
Hi Dan 558 pips - but just lost 40 pips in crude short (518 pips in total) - thought that was a 123 short - but bounced back up - playing with tight stops at present due to the conditions - so still may go.

That's it for me today - had a great day.

Simon
A true legend...That is as good as it gets my friend...

Well done.

D
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  #922 (permalink)  
Old 10-01-2008, 06:48 AM
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Crude has broken above the daily pivot and we can see the cross of the 1hr 20ma & 1hr 50. An upside target of 102.75 if it can hold the 5 min 20.

Gold is boxed in between the daily and weekly pivot. A downside break of 878 and a 123 move would signal a continuation move from yesterday.

EURUSD is setup below all our hourly moving averages and looks like it wants to move south.

GBPUSD is setup similar to EURUSD in that it is below our hourly 20 & 50 ma. A break of 1.7800 with a 1st target of 1.7755.

Speak to u later.

Will get you in the chat later on today.

D
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  #923 (permalink)  
Old 10-01-2008, 07:07 AM
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Ok Gold is retracing which is good. Would prefer to see CRUDE look more bearish as RULE 14 states how far can GOLD really fall if CRUDE is going up.

D
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  #924 (permalink)  
Old 10-01-2008, 07:09 AM
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Yeah CABLE just bounced off 5min support level and weekly S3 just below so not sure how much more this can go without a pullback....
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  #925 (permalink)  
Old 10-01-2008, 07:13 AM
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I think i am searching..When i have to search for a trade i need to step back and not jump in.

Patience!!!
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  #926 (permalink)  
Old 10-01-2008, 07:30 AM
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Ok EUR and CABLE found support...This will limit GOLD on the downside and has now broken the pivot on the upside.
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  #927 (permalink)  
Old 10-01-2008, 07:36 AM
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Reading this market particularly badly today...

Can someone punch me pls!!!

Ok i need to regroup. I am missing opportunities.

Stronger coffee needed.

D
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  #928 (permalink)  
Old 10-01-2008, 07:40 AM
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This GOLD has to fall...This is the problem with correlation. The weeks where you make 1,000 pips are when everything moes together eg CRUDE, GOLD, CABLE & EURUSD lower.

Days like this make every trade more jumpy.

Need CRUDE to get inline...The little beast!!!
D
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  #929 (permalink)  
Old 10-01-2008, 07:51 AM
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Ok the beast is starting to behave and head down. This should help...

D
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  #930 (permalink)  
Old 10-01-2008, 07:59 AM
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Think CRUDE ate too many doughnuts. Go baby go...In CRUDE and GOLD.

D
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