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  • #215,341
  • Mar 24, 2010 1:48am Mar 24, 2010 1:48am
Don't worry we'll have another rounded bottom soon, just in case you get to miss it.
I operate with clear definite rules, if I break them I lose BIG!
  • #215,342
  • Mar 24, 2010 1:49am Mar 24, 2010 1:49am
Quoting Icannaesee
Don't worry we'll have another rounded bottom soon, just in case you get to miss it.

That's fine as long as it doesn't take 4+ weeks to build... That kind of formation has never happened before on the weekly charts for EU.
  • #215,343
  • Mar 24, 2010 1:58am Mar 24, 2010 1:58am
Ahhhh Gotta love retraces.
I operate with clear definite rules, if I break them I lose BIG!
  • #215,344
  • Mar 24, 2010 2:02am Mar 24, 2010 2:02am
Will start buying the dips from 1.3380. But right now @ 1.3429 is perfect opportunity to scalp until the support
  • #215,345
  • Mar 24, 2010 2:02am Mar 24, 2010 2:02am
Quoting Icannaesee
Ahhhh Gotta love retraces.
Frankie retrace. This is good, it will give people a chance to get in at a little better prices.

It's been really quiet in here, I'm hoping there wasn't a bunch of people in long's on that drop (Usually when it get's quiet people are losing money).
  • #215,346
  • Mar 24, 2010 2:05am Mar 24, 2010 2:05am
Quoting mmccormac
Frankie retrace. This is good, it will give people a chance to get in at a little better prices.

It's been really quiet in here, I'm hoping there wasn't a bunch of people in long's on that drop (Usually when it get's quiet people are losing money).
Well if there was, I hope they protected themselves.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215,347
  • Mar 24, 2010 2:06am Mar 24, 2010 2:06am
Quoting vijay120
we have officially broken the low. Short now.
In 5 minute chart yes but not in H4 What do you mean by saying "The Low"? Even a H4 candle close below 1.3435 (previous low) doesn't necessarily mean breaking the low.

Take care of PA.
Discipline + Patience - Fear - Greed = Success
  • #215,348
  • Mar 24, 2010 2:08am Mar 24, 2010 2:08am
Quoting mmccormac
Frankie retrace. This is good, it will give people a chance to get in at a little better prices.

It's been really quiet in here, I'm hoping there wasn't a bunch of people in long's on that drop (Usually when it get's quiet people are losing money).
Gotta say if I had just gone on this forum yesterday I'd have done the opposite of forum opinion and gone long. So maybe others might have depended exclusively on the advice from in here. Mistake #1.
I operate with clear definite rules, if I break them I lose BIG!
  • #215,349
  • Mar 24, 2010 2:13am Mar 24, 2010 2:13am
good morning,

wow what a drop
man I really hate that recently all is happening during asian session (at least the big moves), it could also be that it just looks like it. When I was in asia I loved the europe session now I am in europe and I would love the asian session to trade. Cant do that as my girlfriend would go nuts and kill me.
Magic 3440 was taken and stopped at 3400 nice one, its a shame I took out my pending order short when 3440 breaks for 3400. Dont like it when I sleep having money on the line.
Any way would like a retrace up to 3440 to make it strong resistance and give it a short with tight sl, we'll see should be interesting in comparison to yesterday.


Ahh someone yesterday mentioned that 3440 will go nice work.

Good day and green pips,
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #215,350
  • Mar 24, 2010 2:13am Mar 24, 2010 2:13am
Quoting arezab
In 5 minute chart yes but not in H4 What do you mean by saying "The Low"? Even a H4 candle close below 1.3435 (previous low) doesn't necessarily mean breaking the low.

Take care of PA.
last 4h close is 3430 on my account.

and yesterday daily close was the lowest since this round bootom formation trial started .

big bearish sign .

3434 will act as a resistance already.

and on my daily chart getting lower than 3460 is a sell signal to me

I know that this drop now is not making sense to all other pair correlations but its mainly a EU weakness not USD strength .

I am with the bear camp here
I SEE YOU !!
  • #215,351
  • Mar 24, 2010 2:16am Mar 24, 2010 2:16am
Quoting mmccormac
Frankie retrace. This is good, it will give people a chance to get in at a little better prices.

It's been really quiet in here, I'm hoping there wasn't a bunch of people in long's on that drop (Usually when it get's quiet people are losing money).
Just too early in the morning! I missed it but was delighted to see it. Looking to add another short at 1.3445 (breakout level and 50% fib retracement).
  • #215,352
  • Mar 24, 2010 2:16am Mar 24, 2010 2:16am
still in bear mode ,
http://www.forexfactory.com/showpost...8&postcount=51

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #215,353
  • Mar 24, 2010 2:18am Mar 24, 2010 2:18am
Quoting Trading Cat
man I really hate that recently all is happening during asian session (at least the big moves),
Have a heart TC.....I have to trade (or not) the Asian session every day.....the USA session has it's best action between 3am and 5 am for me, when I'm asleep....mostly it's tough trading the Asian session, so I need a little action from time to time......lol......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #215,354
  • Mar 24, 2010 2:20am Mar 24, 2010 2:20am
wow!! just say this the lowest ever so far why did i sleep men what should i do go south or wait for the euro news
  • #215,355
  • Mar 24, 2010 2:23am Mar 24, 2010 2:23am
Quoting realjumper
Have a heart TC.....I have to trade (or not) the Asian session every day.....the USA session has it's best action between 3am and 5 am for me, when I'm asleep....mostly it's tough trading the Asian session, so I need a little action from time to time......lol......
I know how it felt in the old days back in Sydney(aah I love that city). I guess its just perception cos one wasn't in front of the screen. I would really love to sit 24hr at the screens, might give that a go and sleep at the screens hahahhaa
Trade on your own risk Plan your trade&trade your plan dont be a
  • #215,356
  • Mar 24, 2010 2:23am Mar 24, 2010 2:23am
In m5 to have a buy signal price need to close soon at or below 1.3411, so will close shorts this time to retake at higher levels .may come before 1.3459 resistant.
adding more shorts here 1.3431and any above.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #215,357
  • Mar 24, 2010 2:25am Mar 24, 2010 2:25am
Quoting King Kong
wow!! just say this the lowest ever so far why did i sleep men what should i do go south or wait for the euro news
wait for the news dont get exited this will not tank that fast no worries and other moves will happen just be ready next time
Trade on your own risk Plan your trade&trade your plan dont be a
  • #215,358
  • Mar 24, 2010 2:37am Mar 24, 2010 2:37am
I am glad I did not close my shorts to wait for a better entry but there is EURO news at 8,9 and 10am. In my humble opinion, it would have to be very good news indeed to lift this pair but let's see ......
  • #215,359
  • Mar 24, 2010 2:44am Mar 24, 2010 2:44am
Quoting mmccormac
Frankie retrace. This is good, it will give people a chance to get in at a little better prices.

It's been really quiet in here, I'm hoping there wasn't a bunch of people in long's on that drop (Usually when it get's quiet people are losing money).

Last week was very bearish but it still closed at 1.353

If that happens again this week then bullish bias does not change

If the bearish move continues to friday close then taking loss is part of the game.

Even at 1.32 i would still be above water but i won't let it go that far..
Some drink at the fountain of knowledge. Others just gargle !
  • #215,360
  • Mar 24, 2010 2:44am Mar 24, 2010 2:44am
Merkel must be so happy that the € is a little lower her plan seems to be working fine. Go Merkel Go!!
Trade on your own risk Plan your trade&trade your plan dont be a
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