week 6

[torero]

Looks the EURUSD is in a range now. Not much to do not much to see? GBPJPY looks like it's at an interesting support. We'll how it works out in lower timeframes.

[steveshutts]

Morning Torero,

Cable came off a bit today after that rejection off 9750 resistance post NFP. Now back down at major support zone 9550 so see what happens here. I took a short on Euro this morning off the hourly pullback, finding resistance off the half prime and asian high, and a previous hourly resistance zone.
Taken out 35% to cover 2/3's of the risk and left stop up above the swing point. Looking to take some more off around 2900 if it gets there, and will then move my stop to break even.

[torero]

Very nice, steve. In with the down flow. I tend to be cautious on Monday, last night I watched the Tokyo open as it was going down, but wasn't sure if it was going to stag or not. I'm late for this move already. Next one for sure.

[steveshutts]

Very slow action on Euro. Figures out in 10 mins, so have now moved my stop to break even on remainder just in case we get some negative dollar data.

[torero]

Went long here. Breakout from consolidation since yesterday. Above 50% now, see if we can make it to 9700.

[steveshutts]

Morning guys,

Closed my Euro trade this morning, didn't look like it wanted to go any further. Currently long cable from 33 after the asian breakout and pullback to that 9615 support zone, which houses the 50% 240 fib.
Looking to scale some at 65, R1 and yesterdays high, lets see how this goes.
Anybody upto anything?

[steveshutts]

Can't see your image Torero but looks like we are thinking the same this morning! Nice one, lets hope this shifts on. Retail sales out at 11:00am, so hopefully will cover some by then.

[steveshutts]

1st target hit, 1/3 out for +32, will leave stop down at 9611 for now. Looking for 9700 area for next scale, will take out another 1/3 there and then trail the remainder, thats if it gets there.

[steveshutts]

Blimey Torero, just seen your chart, talk about identical trades!!

[steveshutts]

Price is stalling up here before 9700. Quite a resistance zone with a fib confluence and round number and previous resistance. Getting ready to take some more out in case it fails to push through.