Harry FX (By forex_trader_6135)

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Harry FX Discussion

Dec 28, 2010 at 14:20
1,203 Views
17 Replies
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 08, 2011 at 15:52 (edited Jan 08, 2011 at 15:52)
As I am primarily a eur/usd trader, all traders should be aware there will be serious money buying at 1.28-1.285 week commencing 09/01/11.

Harry
Member Since Nov 18, 2009   735 posts
Jan 08, 2011 at 19:55
Are you in the know? We haven't taken 1.29 out yet.
So, with all due respect, 'whence such statement'? Do you know some serious operators? 😄 I only know smooth operators 😁 as in the Sade song.

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 08, 2011 at 20:02 (edited Jan 08, 2011 at 20:04)
Well thats where I will be buying sir. And as the song went 'No place for beginners or sensitive hearts. When sentiment is left to chance.'

Thanks for the respect ;) Check my attachment!
Member Since Nov 18, 2009   735 posts
Jan 08, 2011 at 20:53
I see, I see. Thanks for the heads up. We all see those charts differently and I haven't noticed that line. Good luck.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 08, 2011 at 21:00 (edited Jan 08, 2011 at 21:01)
If that support becomes resistance - well that will be nice too because its probably free fall from there!
Member Since Nov 18, 2009   735 posts
Jan 08, 2011 at 21:37
Yes, I'd say it looks definitely doubletoppish. And EURGBP - a wonderful daily double bottom broke down in 3 days. So the yuro could be Free fallin', as in the Tom Petty song ...
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 08, 2011 at 22:39
If i turn the monitor round 180 degrees its defo a double top! 😄

speki - I have noticed that my ROI is growing a bit quick, if I were to deposit $200 would my ROI reduce?

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 10, 2011 at 18:48
Well I chucked another $200 in to try and slow the way the growth looked and all it did was adjust the absolute gain, the true gain stayed the same!

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 12, 2011 at 18:52
So the serious money was in 1.29 and not 1.285.

Now we have a large resistance cap at 1.312-1.315. After todays action this will have the ar$e shorted off it im sure!

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 17, 2011 at 19:25
Did not even bat an eye lid at that resistance level, huge bear trap - I am sure there is some blown accounts there!

Moved straight to the next trend line resistance at 1.339 and appears to have settled and respected that instead (see attached). Probably best to watch this one for a couple of days or trade with very low risk.

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 21, 2011 at 10:21
Amazing few days, shorts should be good around 1.375 now, thats the next resistance level I am targetting, growth is slowing so I think we can see some sort of reversal at that point. See previous attachments.

Goodluck.

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 23, 2011 at 17:26
Why dont Alpari UK have PAMM accounts?

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 27, 2011 at 12:21
So we have now touched 1.375 zone, If todays daily close is above 1.3695 then we may see a continuation to 1.400 area with 1.375 becoming support. Else downside risk to 1.330 area, personally I think we are about to see a short term bearish movement.

Low risk trading advised at this key area.

Goodluck.

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Jan 29, 2011 at 11:12
So the stage is set, were bearish. A close above 1.375 would negate that. Early targets of 1.350 looking to extend second targets to 1.330.

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Feb 01, 2011 at 19:57 (edited Feb 01, 2011 at 20:01)
So today we see a close above 1.375 which is amazing, completely taken me by surprise. The bearish outlook is now bullish and we are targeting 1.400 in the coming days. This obviously has more in it but 1.400 should be the final run before a correction.

A close below 1.375 would negate this position.

Low risk trading advised currently. Chart attached.

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Feb 03, 2011 at 19:51
Again we closed below 1.375, i think this confirms a very bearish position and we now target 1.335.

Low risk trading advised.

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Feb 08, 2011 at 07:19
We have seen a bounce off the 21ma on the daily chart, this should be short lived and the down trend should resume later today or tomorrow. However, I have closed my short positions at 1.38.

Harry
arry01
forex_trader_6135
Member Since Jan 25, 2010   67 posts
Feb 09, 2011 at 17:09
Looks like were heading northward again to re test the trendline from May 2010 at around 1.390

Harry
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