DislikedIt's still pretty true to me. Summer will probably be a good time for the US. 1.5000 is getting a lot closer now, and the bulls seem to be a little tired.Ignored
http://i2.photobucket.com/albums/y28.../beardance.gif
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DislikedIt's still pretty true to me. Summer will probably be a good time for the US. 1.5000 is getting a lot closer now, and the bulls seem to be a little tired.Ignored
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DislikedCute picture. But seriously, I am lost as to the direction of the pair. Thought it was headed up nicely, but sank again. Anybody can tell the trend?Ignored
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DislikedApart from technical, if we think about fundamentals, there are many factors which will drag EUR/USD down. EUR has gained over USD substaintially and now its due to go down. I think it will consolidate for now till asian session starts.Ignored
DislikedStill stuck with my positions from last night on EU. If the FLAG break upperside... I am dead. On the other hand... If the FLAG break downside... my PO SELL been waiting. Can go down and test the RBS Yellow line again. Good R&R Ratio.
Like I said... IF break upperside... Big Loss... quite a big gap there to my SL.
T.A.Y.O.R.
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DislikedIm buying at 1..52, thats where it means weekly SMA. whats others thoughts?Ignored
DislikedMy thoughts are don't rely on MA's. They are like ever-changing lines in the sand. Because it's there does not therefore mean price will react to it. There are always trends beyond your trend. Sorry this is so cryptic but it's all I gotIgnored
DislikedWorks well for me. Just look at CHF , JPY, EUR, they all bounce off Weekly SMA. When they stop, I'll re-evaluate, I'm sure there are other ways to look at stuff, but it's just one way,Ignored
DislikedStill can't penetrate 50% Median... IMHO... the BEAR still in control as long as the BULL don't remains Above the Median.
I am still stuck with SHORTs from last night. Judgement day today for me.
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DislikedYou asked for MY thoughts and I gave them to you. As long as you realize that MA's are not set in stone, but set in sand, you're alright in my book.
The long-term moving average or DRT's Longest Bar in distribution, or any other average/median/mode based indicator will show just what it is: an average/median/mode.
What does this really mean?
According to your rulebook, you can enter opposite the main trend just because price has been there a lot in the past(average).
Don't feel like you have to defend the way you're trading. I'm just trying to make us all better by sharing MY experiences. Maybe I've tried MA's a lot before?
Best of luck,
KevinIgnored