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- KongMing replied Nov 21, 2014
Lots of up down big money stop chasing going on here. Take it up past stops. Sell. Take it down past stops. Buy.
- KongMing replied Nov 20, 2014
117 is the barrier I would say for this currency. If it goes down to 115, the downward momentum in itself can create a reversal. This currency cannot handle much of this type of stuff as is what is going on now. You see if it goes down to 115, it ...
- KongMing replied Nov 20, 2014
Let me explain what happens. People buy longs way back at say 110 or whatever. They are making so much money. They survive each correction. On technical the rates say, yes keep buying, as expect usd strength. But what happens is, eventually a ...
- KongMing replied Nov 20, 2014
Friday is not a good day to buy back in. And buying on horizontal support lines is fine for small blips, but not big ones. When too many longs are built up, when it unwinds there is no stability to buy back in. No support line is built greatly, ...
- KongMing replied Nov 20, 2014
True dat Forex is about making money at the expense of others. Everyone says "I will sell at 120" so that The news is somewhat fake, did not you know? Do you really think people who make money do not also lie to do so?
- KongMing replied Nov 20, 2014
There is no "where to buy" In forex you should focus on "when to buy" as all is dynamic, involving many variable, many currencies interlinked. By watching how it moves, and bounces. And horizontal supports are not so reliable as trend support. If it ...
- KongMing replied Nov 20, 2014
Yes it caught just on the 4.6 pip per hour trend line. Nearly shot over. It should break 119 now. But the next reversal might start a landslide. It should be somewhere before 120, between 119.80 and 119.90.
- KongMing replied Nov 20, 2014
So it broke out of the 4.6 pip an hour trend, and then went high as a hen's horse. The shorts will start to enter round about now on. Let's see how we go. You see more shorts will enter the higher it goes closer to 119. image screenshot tool
- KongMing replied Nov 19, 2014
The trend was 24 pips a day. Now is 4.6 pips an hour. So realise the higher trend will not last, but will fall back to the longer trend, which at the moment is 116.50. When this happens it will drop quickly. Just saying. This will be the first ...
- KongMing replied Nov 19, 2014
Can't say when it will happen. But there is a feeling that all round there are too many USD longs. You know the saying - when everyone has bought nobody is left to buy, (and sell vice versa). I am observing there is more and more pressure for the ...
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