Quick stock update 5-25-2010

Sir Pipsalot

Former FPA Special Consultant
Messages
511
Hey folks,

I didn't manage my sleep terribly well tonight, so I was skipping today's signal, but we've come to a key point on stocks I wanted to update everyone on. I've called shorts from 1126, 1154-74 and 1144, and all had final TP's in the 1040's, so if you haven't been paying attention, know I'm closing them here at 1045 for some big profit. If/when we break through the 1030-1040 area decisively, that has huge lasting bear market implications and I'll look to get into a more long term trade short plan along with some additional swing trades.

-Sir Pipsalot
 

eric10

Private
Messages
21
help

helo sir pips i want to know what about the eur/usd im in from 1.2290 like you said and my sl 1.2175 what to do ?
 

danmann

Recruit
Messages
10
For Eric

Hey Eric, the maximum low was 1.2176 till now i hope that this miss your stop loss. I think that the situation have changed yesterday because Spain trouble.
 

Sir Pipsalot

Former FPA Special Consultant
Messages
511
helo sir pips i want to know what about the eur/usd im in from 1.2290 like you said and my sl 1.2175 what to do ?
I did get long, but I got stopped out. It looks like the pullback did bottom out, it just did so about 100 pips deeper than I thought it would. We still have 300-700 pips of upside from here (1.2350), so if you're still in somehow, I'd hold it... otherwise consider either:

1) a second chance buy with a 100-200 pip SL and 300 pip initial TP and 700 pip final TP
or
2) Several smaller momentum following buy trades on the 15m and 1h chart as I've mentioned before using the 10/20 emas looking to grab 30-100 pips at a time.
 

eric10

Private
Messages
21
I did get long, but I got stopped out. It looks like the pullback did bottom out, it just did so about 100 pips deeper than I thought it would. We still have 300-700 pips of upside from here (1.2350), so if you're still in somehow, I'd hold it... otherwise consider either:

1) a second chance buy with a 100-200 pip SL and 300 pip initial TP and 700 pip final TP
or
2) Several smaller momentum following buy trades on the 15m and 1h chart as I've mentioned before using the 10/20 emas looking to grab 30-100 pips at a time.[/Qthank you sir pips you help me a lot
 

eric10

Private
Messages
21
help

helo sir pips do you have something new to say about the eur/usd?
i need to know im still on it :eek:oh:
 
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