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EURUSD

  • #164,961
  • Nov 24, 2009 8:45am Nov 24, 2009 8:45am
usd/chf taking off..
  • #164,962
  • Nov 24, 2009 8:45am Nov 24, 2009 8:45am
try this for pivots
  • #164,963
  • Nov 24, 2009 8:46am Nov 24, 2009 8:46am
Quoting Driver55
but ... may not look the same as you.
yet this is a normal retracement, which can only be healthy for longs.
It can also serve to encourage short.
Thanks for the answer man, but i didnt get it .
"I know one thing, that I know nothing." Sokrates
  • #164,964
  • Nov 24, 2009 8:46am Nov 24, 2009 8:46am
so many news today...the trend fluctuated...
  • #164,965
  • Nov 24, 2009 8:49am Nov 24, 2009 8:49am
Quoting meje
darn!still holding short frm 1.4940 for 9hours aredi,sl 1.5015..wil add some more if 1h candle closes blow 1.4960
aha!looking good and delicious..in addition of this,usdchf is forming watever mornig or evening star reversal patter at the support...hope it holds and candle closes perfectly
  • #164,966
  • Nov 24, 2009 8:52am Nov 24, 2009 8:52am
Quoting Honor
Entered a short at 1.4982, will be looking to hold this position through the day.
Moved 1/3 out of the position at 1.4958 locking in 24 pips profit.
  • #164,967
  • Nov 24, 2009 8:53am Nov 24, 2009 8:53am
Quoting Tom_D_Trader
Thanks for the answer man, but i didnt get it .
It will go up, but it reach a resistance then retrace because some guys open shorts at this level and tank the price.. making it go down, so others that want to take risks think it would go further down, enter the train late and then their SLs are hitted hard.. MCs and all the rest you know...

It's normal that when the price reach certain levels it retrace a little it can loop a couple more times until it is broken, is like chopping down a tree... you have to hit it many times to down it.

Hope you understand
  • #164,968
  • Nov 24, 2009 8:55am Nov 24, 2009 8:55am
Quoting cloggie
try this for pivots
standard or fibo is better?
  • #164,969
  • Nov 24, 2009 8:55am Nov 24, 2009 8:55am
Gold is down
  • #164,970
  • Nov 24, 2009 8:57am Nov 24, 2009 8:57am
Quote
It will go up, but it reach a resistance then retrace because some guys open shorts at this level and tank the price.. making it go down, so others that want to take risks think it would go further down, enter the train late and then their SLs are hitted hard.. MCs and all the rest you know...

It's normal that when the price reach certain levels it retrace a little it can loop a couple more times until it is broken, is like chopping down a tree... you have to hit it many times to down it.

Hope you understand http://cdn.forexfactory.com/images/s...m/big_grin.gif
__________________...

Great Explanation
  • #164,971
  • Nov 24, 2009 8:57am Nov 24, 2009 8:57am
[OUTLOOK FOR US CONSUMER CONFIDENCE DATA] Results from the Conference Board's November survey of consumer confidence are due at 15gmt, with expectations for the headline confidence index centered around a flat to sightly better reading, vs October's 47.7. Pre-release rumours however are centred on a weak number, with a sub-45 reading being mulled. Note that the labour differential index hit a new low in October, at -46.3. The two-month decline in the labor index matches pretty well with an acceleration in job losses in the household survey, less well with the payroll survey, over the past couple of reports - always worth watching. In October, the present situation index was at 20.7, expectations at 65.7, both down from September.
those who can, do. those who cant, talk about those who can
  • #164,972
  • Nov 24, 2009 8:57am Nov 24, 2009 8:57am
Quoting cphcphcph
standard or fibo is better?

That link shows both
  • #164,973
  • Nov 24, 2009 8:58am Nov 24, 2009 8:58am
Quoting nAVIN2007
yup trying to predict the outcome reaction of news is like trying to predict how many species lay under the sea

shouldnt be to long now
190022881.. now prove me wrong *LOL*
those who can, do. those who cant, talk about those who can
  • #164,974
  • Nov 24, 2009 8:59am Nov 24, 2009 8:59am
Quoting Forex4pty
It will go up, but it reach a resistance then retrace because some guys open shorts at this level and tank the price.. making it go down, so others that want to take risks think it would go further down, enter the train late and then their SLs are hitted hard.. MCs and all the rest you know...

It's normal that when the price reach certain levels it retrace a little it can loop a couple more times until it is broken, is like chopping down a tree... you have to hit it many times to down it.

Hope you understand
Yes, I know . But why here at 4980? If its because of some monthly pivot which i dont use, i would like to know it.
"I know one thing, that I know nothing." Sokrates
  • #164,975
  • Nov 24, 2009 9:01am Nov 24, 2009 9:01am
Especially, I am talking about this:

http://www.forexfactory.com/showthre...70#post3255970

Driver set breakpoint at EURUSD 14987, which happened.
"I know one thing, that I know nothing." Sokrates
  • #164,976
  • Nov 24, 2009 9:02am Nov 24, 2009 9:02am
I am so glad that I had my trade this morning end of Asia session and dont need to make another one today. This spiking around is not good for my trading style but a pleasure to watch.

Take care,
The Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #164,977
  • Nov 24, 2009 9:02am Nov 24, 2009 9:02am
Quoting Honor
Moved 1/3 out of the position at 1.4958 locking in 24 pips profit.
Closed remaining 2/3 of the position at 1.4950: my target at this point was met.

Total profit: 88 pips.
  • #164,978
  • Nov 24, 2009 9:03am Nov 24, 2009 9:03am
hey all, bedtime for me have a great trading day

cheers
NOTHING VENTURED, NOTHING GAINED
  • #164,979
  • Nov 24, 2009 9:03am Nov 24, 2009 9:03am
Quoting cannarek
if i understnd it well it unfortunately means nothing because these are numbers of orders. there is no words about money invloved. 1000 orders could be less important that 2 huge money orders. (my opinion of course)
I agree, I am not sure what to make of their comments half the time they seem to be way off base.
  • #164,980
  • Nov 24, 2009 9:06am Nov 24, 2009 9:06am
11.000 pages... congrats to all
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