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- hel13rock replied Aug 19, 2009
I love this thread... A third of the people obviously know what they are talking about... Another third obviously don't... And the other third don't know who to believe!
- hel13rock replied Aug 19, 2009
Looking at the 4 hour would suggest it may take a few hours to do what it's going to do but it would all suggest short.
- hel13rock replied Aug 19, 2009
I think 1.6450 could be a good resistance level to watch if it is going to retrace.
- hel13rock replied Aug 19, 2009
I hope so
- hel13rock replied Aug 19, 2009
I thought it might retrace but like Soar said it may just be a pause before another run down. I'm watching the break of weekly S1.
- hel13rock replied Aug 19, 2009
6370, little bit of room
- hel13rock replied Aug 19, 2009
Yes but I wouldn't be surprised if it played along the top of that pivot level for quite a while and then broke down with strong momentum. Happens that way quite often. I've got a sell order just below the low, should hopefully be good for 80 or 90 ...
- hel13rock replied Aug 19, 2009
Looks like weekly S1 at 1.6382 held it. After that big move down it must pause for breath somewhere. Maybe a small retrace before another push down?
- hel13rock replied Aug 19, 2009
Looks like we got it.
- hel13rock replied Aug 19, 2009
bbmac, thanks for those charts, that's really good analysis.
- hel13rock replied Aug 19, 2009
Here we go!
- hel13rock replied Aug 19, 2009
1.6490 was the significant level yesterday and it' touched that just now. If it breaks that it will be a nice move down.
- hel13rock replied Aug 18, 2009
It's funny actually, I've started opening much bigger trades in relation to my account size but only when price is breaking out. I had a couple of trades today at a quarter lot but the trick is to trade when the price is moving with momentum and ...
- hel13rock replied Aug 18, 2009
Of what? Daily R1 and the monthly pivot?
- hel13rock replied Aug 18, 2009
Any good reason why it just took off like that?
- hel13rock replied Aug 18, 2009
1.6430 acted as strong support on the move down and is acting as resistance now. Whether it will hold or break I just don't know but I'm long from just before the news so I'll hold on to that until it definitely holds.
- hel13rock replied Aug 17, 2009
That's it exactly, like I said it's not an either or. I post my stuff on that forum but I have plenty to say here still. I for one am looking forward to nomasks thread as he has a great outlook on things. I definitely like fib extensions to ...
- hel13rock replied Aug 17, 2009
I looked at the 4 hour chart. Higher closing high, with the main trend. I could easily be wrong
- hel13rock replied Aug 17, 2009
I reversed my AudUsd trade. Closed for +188 pips and went long at the close of the last 4h candle. I think it may see 0.84 again soon. Calderone, how did your Nzd do?
- hel13rock replied Aug 17, 2009
It could be read that way but it's worth pointing out that most of the regular readers of this thread are already members over there. For those who aren't I have still been posting trades and comments over here so it's not an either/or. The private ...