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- michaelnew replied Dec 16, 2011
2 longs for an uptrend — the latest spike created a perfect uptrend channel on M15. Loaded 2 longs, at 1.3027 & 1.3033 with a TP at 1.3080. Of course, apart from the uptrend channel, profit taking for shorts, lack of bad news from Europe ...
- michaelnew replied Nov 30, 2011
downtrend broken on the M5 — Looks like the downtrend was broken on the M5. I expect it to grow up to 1.3470. Rationale: as Tom said, there is a lot of money at large in China so they may be buying not only commodities, but also EUR. As ...
- michaelnew replied Nov 29, 2011
I saw that support too, but I'm counting on the speed of the downtrend. On the M15 chart you see 2 green candles, used perhaps to take some profits, and now the last candle is pretty bearish, engulfing both the preceding candles. I may be wrong, of ...
- michaelnew replied Nov 23, 2011
harmonic bullish pattern — This is what I see in my M30 charts, so this is what I trade, a bullish harmonic pattern. If it will behave correctly, the first level should be 1.3446 and the second may go as high as 1.355. But it may take up to 24 ...
- michaelnew replied Nov 18, 2011
Uptrend compromised — As I pointed in my previous message, the speed and consistency of the rally were not impressive, here's the M30 chart showing how the steep uptrend has been broken. I still believe there's time to break under 1.34 today. ...
- michaelnew replied Nov 18, 2011
My sentiment exactly. I'm still 3 shorts underwater but I won't close them, not until we may reach 1.37. But I have a hunch that we're not going over a maximum of 1.365 (at most) and we'll finish the day around 1.34 area again. ADD: I attached the ...
- michaelnew replied Nov 17, 2011
Bearish Gartley — wonder if this will go down as expected. The white numbers on the right are my short positions so far.
- michaelnew replied Nov 17, 2011
Growing triangle — First of all, this may be showing up a few hours after it's posted, I'm still new and my posts are delayed. It's something I saw a few times: a growing triangle. It's formed at 38.2 retracement fib, from where it looks like ...
- michaelnew replied Nov 16, 2011
Long day — Price seems to be slowing down and I suppose it will be even slower on the Asian session. Calling the day off. 14 trades, 12 winners, 2 losers (both longs, got hit on the SL). On the winners, 8 shorts and 4 longs (the longs during ...
- michaelnew replied Nov 15, 2011
Nice day, but I'm over — Had 6 trades today, 5 shorts and one long. The long failed, the shorts all won. Overall, 98 pips on the bag. Still letting one short to float form 1.3602, with a stop to 1.3480 (should be hit soon). I don't know if you ...
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