DislikedI got the suggestion from you Acumen, and it has helped me so much. Couldn't thank you again. Reading it for the second time nowIgnored
I love it.
Mike
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DislikedI got the suggestion from you Acumen, and it has helped me so much. Couldn't thank you again. Reading it for the second time nowIgnored
DislikedI would be illegal for me to post a quote that was incorrect.
Throw Ed an email - he'll tell you what he said.
mIgnored
DislikedIgnored
Dislikedagreed....retest of previous downtrend channel complete...61.8% touched and not broken....the wedge up has hit the upper wall and now will break through the lower wall most likely which then in turn will lead to a new low for today
only really bad news could stop this from happening which is always a possibility
time for completion of a new low...before us session ends
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Sidenote-a rising wedge (just like most channels) that has price action sticking to one wall usually moves fast in the opposite direction at some point...in this case it stuck to the upper wall and most likely will fall hard to the lower wallIgnored
DislikedIf you have to steal someone's words... it might as well be Sekoyta's.
Sorry.Ignored
DislikedWow, what a great entry. You catch some nice pivot tops and bottoms with those fibs and weird (sometimes) trendlines.
Thanks for the analysisIgnored
Dislikedthanks you...my last post still holds true i will add one thing though. market sentiment is always important to me as i use my psychological "edge" aproach to trading. right now that sentiment seems to me to be in neutral mode...it cant push lower yet but its not going back higher either...in other words the pair is reloading for another move in unknown direction but when it happens it will be quick...i am still short biasedIgnored
DislikedJust a heads up, just announced that the actual vote of the bail out will be at 1:30PM EST.Ignored
QuoteDislikedOriginally Posted by SeaPip http://www.forexfactory.com/images/buttons/viewpost.gif
Just a heads up, just announced that the actual vote of the bail out will be at 1:30PM EST.
DislikedThere is some talk that bill may not be enough. Eitherway, EUR reaction should be negative if bailout passes.Ignored
Dislikedwell dont forget that the initial reaction to this bailout plan was a 400pip push up last sunday based on the idea that it would create more debt...there are still at least 50% of ppl who think if it passes it will drive the euro higher so its only natural that some people think this bill is not enough according to some or too much according to others. lets see the reaction to whether house passes it or not and the speculations will be settled
on a side note...being in a trade right now is very risky...big gambleIgnored
DislikedNothing to be sorry about
btw seykotas interview is in the first Market Wizards book.Ignored
DislikedJust curious, with your short bias, where are you thinking of entering a short if it really fall?Ignored
DislikedJust a heads up, just announced that the actual vote of the bail out will be at 1:30PM EST.Ignored
Dislikedive been short since 1.4465..today im lazy and dont use my usual trading methods of win/loss ratio 1:1...profit/loss ratio 40pip/20pip so im sticking to that position until i get stopped out or profit gets hit at 150pips+(1.4314)...either way im ok with it...i shouldnt even be in this crazy market
to answer your question though...a good sign that it may make a new low is if it drops below 1.4365Ignored