I think that Bill's reason for shorting is the 15M chart -
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DislikedFinswin, I am short ej at 164.89 that level looks strong, but I have been badly wrong on two previous levels today, and broke my rule of not trading on days like today, anyway in for a penny.....Ignored
DislikedFYI this trade that never got hit from a few weeks back could be good for some cash on a move lower on EUR. Just a heads up. 1.5365 looks to be the magic number.
http://www.forexfactory.com/showpost...0&postcount=15Ignored
Dislikedbrv did u mean i shud go short on usd/jpy on 106.14, pls clarify cos there is strong resisitance on 106.38, wat shud i do.thanksIgnored
DislikedHi BRV,
Following your thread with interest.......demoing with varying degrees of success, learning more with each trade. Also, trying several trades with penny sized lots on Oanda until I get more confident and skilled.
Had placed a penny trade with Oanda EU @ 1.53650 last night following your observation, saw the price come down to 1.53654 before shooting up above 1.5454 some ten minutes or so ago, wow! Even though I just missed out by just 0.4 pip on the massive gain of 95pennies(!), I am impressed with your ability to call the turns so precisely.....
Great thread!
ATIgnored
DislikedI'm looking at the EUR/JPY, and think I see a good place to short.
p.s. Would these novice observations be better some place else? I really enjoy this thread, and don't want to dilute it.
Thanks!Ignored
DislikedHi finswin56.....this is a very strong area. I'm just hestitant due to the enormous move made today on the pair and if it would overshoot or not.Ignored