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  • #56,141
  • Jan 13, 2009 6:11pm Jan 13, 2009 6:11pm
Price is in an obvious downwards channel. There have been numerous confirmed rejections of each trendline and this is strong support and resistance, which would need to be taken to a close on the 1h chart to show strength in either the bull or bear directions. I would recommend selling into any strength of the upper trendline at the moment

Cheers
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  • #56,142
  • Jan 13, 2009 6:13pm Jan 13, 2009 6:13pm
Ok, we've hit a possible resistance area, so amend those stops now. We'll probably see a healthy pull-back for a few bars on the M2
  • #56,143
  • Jan 13, 2009 6:17pm Jan 13, 2009 6:17pm
My h1 cci is long.. m15 cci is now long... and m15 just closed above the 50ema... the trend is full short.. but until I get pa.. i'm flat... i know the asians tend to buy $$$$... but must hold...

G/U has just made it's first bullish candle pattern since about 400 pips ago... so prepare for anything.. keep loses small if they come.

In reality.. I 'd like to see a nice move up.. to get away from the bottoms for a bit.
DireXiv Make it happen, no one else is going to do it for you...
  • #56,144
  • Jan 13, 2009 6:19pm Jan 13, 2009 6:19pm
We're still in wave 3 on the M3 and we need to gain some ground before another possible sell-off later today. Market-makers know what they're doing. We'll see.
  • #56,145
  • Jan 13, 2009 6:19pm Jan 13, 2009 6:19pm
Quoting Dazzer
Ok, we've hit a possible resistance area, so amend those stops now. We'll probably see a healthy pull-back for a few bars on the M2
Sorry Dazzer, I obviously didn't catch your Entry Post. Are You Long?

Not to sway you, but If I was Long, I'd be looking to exit with minimal loss reasonably soon.

Just My Opinion.
  • #56,146
  • Jan 13, 2009 6:23pm Jan 13, 2009 6:23pm
http://www.forexfactory.com/showpost...ostcount=56093

price 3220 now

We will touch and break 30 min 62 ema for sure.Dont know what level will be that ema at that time but for now i think 62 ema on 30 m chart target

see ya later
  • #56,147
  • Jan 13, 2009 6:27pm Jan 13, 2009 6:27pm
set a Limit Sell ((add-on)) at 3233, then back out into the garage. the 4runner timing belt job I started LAST WEEK is testing me sorely.
FUBAR...
  • #56,148
  • Jan 13, 2009 6:28pm Jan 13, 2009 6:28pm
Tough nut to crack
Traders are smartasses
  • #56,149
  • Jan 13, 2009 6:31pm Jan 13, 2009 6:31pm
Hope your back soon
Dam near joined you myself.

Bemac thanks and I'll be out at 3273 if not before.
  • #56,150
  • Jan 13, 2009 6:33pm Jan 13, 2009 6:33pm
Quoting Bemac
Sorry Dazzer, I obviously didn't catch your Entry Post. Are You Long?

Not to sway you, but If I was Long, I'd be looking to exit with minimal loss reasonably soon.

Just My Opinion.
Hi Bemac,

My last trade was 12 hours ago. I try not to trade at night as volume tends to drop after the London close. I would definitely amend the stops now though and bank some pips as you suggested, as I believe price has gone too far, too soon to the upside. Its all out of kilter and I reckon some of those recent gains will be eroded if one does not react quickly now.
  • #56,151
  • Jan 13, 2009 6:34pm Jan 13, 2009 6:34pm
hehe like now!!
  • #56,152
  • Jan 13, 2009 6:35pm Jan 13, 2009 6:35pm
Quoting "expert"
price 3220 now... We will touch and break 30 min 62 ema for sure.
I'm curious why you think that it would go there. much less break it... Reason I ask is the 34sma on 30m has held quite nicely and price has gotten nowhere near the 62ema since it crashed down thru it back on Jan 9.

Price only broke the 34 sma for a period yesterday but was held firmly by the 50ema with no problem. So are you expecting something to push it thru that resistance any time soon?
FUBAR...
  • #56,153
  • Jan 13, 2009 6:39pm Jan 13, 2009 6:39pm
Quoting knuckledrag
Hope your back soon
Dam near joined you myself.

Bemac thanks and I'll be out at 3273 if not before.

You were correct to almost the pip there Knuckle. Hope you got out in time. Nice call!!
  • #56,154
  • Jan 13, 2009 6:44pm Jan 13, 2009 6:44pm
Quoting gregam1128
There were a few individuals on this thread that wanted to carry on like children, and not grown men. One of my previous post I proposed a way to settle any differences, however one individual chose to continue with the childish games. My interpretation on why this thread was started seems to differ from a few. One such individual even went as far as to say that since the thread starter was no longer around, his idea on what the thread was no longer valid. Rather than continue tit for tat, I chose to move on.
Oh this is called moving on now huh??

gregam has little ole my on ignore so he won't read this, unless someone quotes it, hmmmmm

Yeah I continued with childish games. How, by keeping it all real, here on the thread and no hiding in pm's.
  • #56,155
  • Jan 13, 2009 6:47pm Jan 13, 2009 6:47pm
Quoting ak4x
I'm curious why you think that it would go there. much less break it... Reason I ask is the 34sma on 30m has held quite nicely and price has gotten nowhere near the 62ema since it crashed down thru it back on Jan 9.

Price only broke the 34 sma for a period yesterday but was held firmly by the 50ema with no problem. So are you expecting something to push it thru that resistance any time soon?
I think you use stochastic rsi indicator.Like i said i am new at euro and been trading cable most of time.Put 62 ema on tha tindicator instead 20 and make 62 ema on chart.Usualy whean on indicator goes above 62 ema and on chart isnt soon it will come so close or usualy above.if it was in bearish area for some time.I use that on cable and tryed once on euro on 4hr chart on that down from 4600 area.

Then again now is Asia time so..will see.Anyway i closed that long at DP area on last positive 15 candle opened short and closed at 5 ema touch on 15m,now long on this new 15 m candle and will see whatnext.Old shorts are still running.
  • #56,156
  • Jan 13, 2009 6:49pm Jan 13, 2009 6:49pm
Quoting DireXiv
G/U has just made it's first bullish candle pattern since about 400 pips ago... so prepare for anything..
You must be talking about short timeframe like 1 hour or 15 minutes?
  • #56,157
  • Jan 13, 2009 6:50pm Jan 13, 2009 6:50pm
Quoting SpecialEd
Dazzer, don't be so sensitive and ignore the negative. I've been reading your posts today and happy to do so. Keep up the good trading and sharing.

kudos
  • #56,158
  • Jan 13, 2009 6:54pm Jan 13, 2009 6:54pm
we will visit 3180 next hour i think
  • #56,159
  • Jan 13, 2009 6:54pm Jan 13, 2009 6:54pm
Thanks Koorb. Hope I added a bit of value today.

Lets keep this thing positive, seen too many great threads ruined by clashes of personality.
  • #56,160
  • Jan 13, 2009 6:55pm Jan 13, 2009 6:55pm
Quoting Dazzer
You were correct to almost the pip there Knuckle. Hope you got out in time. Nice call!!
First not a call and second It was not 1.3227XX it was 1.327XX if 1.3204 holds and the 50 brakes maybe. Do not counter trend on my word, I was just making chit chat. My stop was hit in the money, so I will probably look close before doing anything now.
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