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- merrittb replied Mar 28, 2008
Hi cchoudhu, A consolidation triangle is simply price consolidating (becoming less volitile or contracting) or (the range of movement narrowing) in a wedge-shaped pattern. It's all part of the natural motion of a trending market. Price moves rapidly ...
- merrittb replied Feb 20, 2008
eur/usd price movement — earlier today i was confused about the rythym and movement of the eur/usd, but then i noticed that this area was prone to congestion, maybe it will give someone else the "ah ha" that it gave me.
- merrittb replied Feb 5, 2008
so i know myself and a few others are up 120+ pips at the moment.... let's talk about when we should exit this trade. I have taken profits on half my position. Price has currently found support at the 200. I want to ride this as long as possible. ...
- merrittb replied Jan 17, 2008
short EUR trade — image Shorting the Euro here as it alligns with the longer timeframes breakdown Just broke down a continuation triangle on the 1H (on the right) and i'm looking for the 8EMA to hold price on the 4H chart on the left. Profit ...
- merrittb replied Jan 14, 2008
long EUR, short JPY — just took the trades off the 1h charts Looking for a bounce off the 21 from each. Yes, I realize I jumped the gun considerably. long EUR @ 1.4874 w/ stop @ 1.4855 short JPY @ 108.20 w/ stop @ 108.39 Exit plan: exit when ...
- merrittb replied Nov 19, 2007
usd/cad anticipation — anticipating price bouncing off the 21, and a MACD TC confirmation to take the trade. Time will tell!
- merrittb replied Nov 15, 2007
sterling divergence — Although i have more of a downside anticipation with the gbp/usd, i can't help but notice this divergence!! Maybe a bounce back to the 21 or 89 before continuing down? What do you guys think about the divergence?
- merrittb replied Nov 1, 2007
big moves — I have a question for some of you more experienced guys. I've been printing out charts and covering up the page with another page and sliding it along and making trading decisions. I've found a problem. Take this chart for example: ...
- merrittb replied Oct 31, 2007
Looks to me like there is a lot of resistance above the Yen right now: 89 SMA 50% retracement trendline and the 200SMA not far above that
- Posts by Member Search: 'merrittb'