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  • #174,041
  • Dec 18, 2009 5:30am Dec 18, 2009 5:30am
Quoting wormboy
I bought @4395 stop @4150

Im holding the same position as that from last night. I dont think price can recover much more. I might take breakeven depending on the setup.
The greatest force on earth is compound interest.
  • #174,042
  • Dec 18, 2009 5:36am Dec 18, 2009 5:36am
Because of the last 3 days rally on this pair, price will have a corection. First target is 1.4503(23,6%Fib retracement), but I don`t think will be shooted today, the buyers will push it until 1.44xx, but you can move with your takeprofit close to 1.4450 is no problem.
Todays growth you can see it tehnically on M5 like a double bottom ( 1.4305@17Dec17:05,18Dec0:30 London time) or you can simply ,,gues'' if 9Dec was green after 4,7,8Dec red then 18Dec will be green after 15,16,17Dec ;
Have a nice day and good trades.
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  • #174,043
  • Dec 18, 2009 5:38am Dec 18, 2009 5:38am
4382 - short. My 1st trade today.
  • #174,044
  • Edited 6:15am Dec 18, 2009 5:38am | Edited 6:15am
Quoting AnonYmos
good reasoning. mind if i probe a little deeper into your thinking?

is your overall bearish view primarily based on the recent break thru the uptrend line or the fact that there's a downtrend line from the 06/08 top to the 11/09 top or on both? would u change your view if the current low makes a low for a new uptrend and the a.m. downtrendline is breached? how do u measure "momentum" here?

on a more general tone: having huge difficulties being in-principle usd-bullish with that pathetic interest rate "for an extended period of time". to...
No, don't mind at all.

My overall bearish view is based on the long holding ascending ltl being completely overhauled. (chart attached below)
If you mean me changing my view to long term bullish - that will mean that ascending utl on weekly be taken out & price trades above that. Short term, I am already bullish as explained on the previous posts.

Ok momentum, if you had looked at my short targets here:
1. http://www.forexfactory.com/showpost...postcount=3963

Both 4850 & 4400 are significant levels & I had placed targets there. Once 4850 gave way last week it was highly unlikely that it'll reverse completely without testing the next cluster level. Historically, this had been proven.
And on lower tf ie the H1, flag after flag was taken out, suggesting bearish momentum was continuing.

I don't think you should let fundies cloud your judgement ie; interest rate issues. We're just small time retailers, none of what we think matters anyway.
PA is king & let your charts lead the way.
Attached Image (click to enlarge)
Click to Enlarge Name: euwa.JPG Size: 61 KB
Thank You
  • #174,045
  • Dec 18, 2009 5:46am Dec 18, 2009 5:46am
Nothing may really happen except 10 pips scalps until ongoing 4hr is closed...that means in 1h and 15min.
They think they are smarter than I am.
  • #174,046
  • Dec 18, 2009 5:46am Dec 18, 2009 5:46am
Quoting wormboy
No, don't mind at all.

My overall bearish view is based on the long holding ascending ltl being completely overhauled. (chart attached below)
If you mean me changing my view to long term bullish - that will mean that ascending utl on weekly be taken out & price trades above that. Short term, I am already bullish as explained on the previous posts.

Ok momentum, if you had looked at my short targets here:
1. http://www.forexfactory.com/showpost...postcount=3963

Both 4850 & 4400 are significant levels & I had placed targets...
thx, mate! wish u a pleasant holiday and look forward to hearing more from u next year! take care!
  • #174,047
  • Dec 18, 2009 5:50am Dec 18, 2009 5:50am
USD index - hammer candle on dailies at 200 EMA:

Attached Image (click to enlarge)
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  • #174,048
  • Dec 18, 2009 5:51am Dec 18, 2009 5:51am
Quoting wormboy
No, don't mind at all.


I don't think you should let fundies cloud your judgement ie; interest rate issues. We're just small time retailers, none of what we think matters anyway.
PA is king & let your charts lead the way.
wb, imho fundies matter depending on style of trading. for someone trading a system like bird watching, i think fundies matter. for most other systems i agree, it doesnt.

fundies only matter when you are a soros, or a buffet.. ie: those with 7-10 figure account sizes.
  • #174,049
  • Dec 18, 2009 5:53am Dec 18, 2009 5:53am
Quoting T.E.Lawrence
USD index - hammer candle on dailies at 200 EMA:

Attachment
could be something i agree. the more that everybody expects trend reversal
  • #174,050
  • Dec 18, 2009 5:55am Dec 18, 2009 5:55am
It's very hard to trace thin market.
Euro have to break 1.4420 resistance.
My pending buy order 1.4424
On the other hand pending sell @ 1.4338
You cannot learn better without losing
  • #174,051
  • Dec 18, 2009 5:59am Dec 18, 2009 5:59am
Quoting AnonYmos
thx, mate! wish u a pleasant holiday and look forward to hearing more from u next year! take care!
You're welcome.
Enjoy your holidays & have a good one
Thank You
  • #174,052
  • Dec 18, 2009 5:59am Dec 18, 2009 5:59am
hey where can i find ud dollar index chart ...i google but non of them seem clear

thanks
  • #174,053
  • Dec 18, 2009 6:08am Dec 18, 2009 6:08am
Now go how much bull posible , shorts on the way down continue .bull set failing to become a bear.

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #174,054
  • Dec 18, 2009 6:09am Dec 18, 2009 6:09am
Quoting coolshades
wb, imho fundies matter depending on style of trading. for someone trading a system like bird watching, i think fundies matter. for most other systems i agree, it doesnt.

fundies only matter when you are a soros, or a buffet.. ie: those with 7-10 figure account sizes.

Agreed.

Tho we all aspire to be the next buffets & sorosses, I am pretty sure we are not. At least not yet anyway. I mean I read the other day someone was holding long from 5000 levels and justifying his position with fundies reasoning. When being asked about drawdown, he said he's only about 100+ usd in -ve. lol Come on. It's very easy to talk when the amounting drawdown is minute.

There are very few posters here who actual fundamental traders. One I know who has superb grips on fundies is gammase1. The EU Redux thread is a good place to ask as well where fundies are concerned.
Anyway, I'm out of here buddy. You take care & enjoy your holidays

Merry Christmas & Happy New Year everyone.
Thank You
  • #174,055
  • Dec 18, 2009 6:12am Dec 18, 2009 6:12am
next hunting... (today +74 pips so far)
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  • #174,056
  • Dec 18, 2009 6:13am Dec 18, 2009 6:13am
Quoting T.E.Lawrence
4382 - short. My 1st trade today.
Trade closed +31 pips.
  • #174,057
  • Dec 18, 2009 6:16am Dec 18, 2009 6:16am
Alarms! Alarms!!

What's goign on??!!!

Doctor, we have movement!!!
  • #174,058
  • Dec 18, 2009 6:29am Dec 18, 2009 6:29am
Who will win the Fight ?
Attached Image
  • #174,059
  • Dec 18, 2009 6:37am Dec 18, 2009 6:37am
Doublebottom forming 4h chart?
  • #174,060
  • Dec 18, 2009 6:39am Dec 18, 2009 6:39am
Quoting zilijen
hey where can i find ud dollar index chart ...i google but non of them seem clear

thanks
netdania.com -> products -> chartstation -> instruments -> US dollar index
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