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Quick stock update 5-25-2010

Discussion in 'Commercial Trade Journals' started by Sir Pipsalot, May 25, 2010.

  1. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    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
     
  2. NATAN SHAIN

    NATAN SHAIN Private

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    eur/usd

    hi
    what about the trade eur/usd that u said to buy 1.2290-1.2340 ?
    thank u
     
  3. eric10

    eric10 Private

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    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 ?
     
  4. danmann

    danmann Recruit

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    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.
     
  5. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

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    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.
     
  6. eric10

    eric10 Private

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  7. eric10

    eric10 Private

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    thank you sir pips you help me alot:)
     
  8. eric10

    eric10 Private

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    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:
     
  9. NATAN SHAIN

    NATAN SHAIN Private

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    where are you sp?

    hi
    what about your singnals i can't trade without your idea :mad:
     
  10. Mary7777777

    Mary7777777 Private

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    Sir Pipsalot we miss you!:unhappy:
     

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