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  • #241,281
  • May 13, 2010 6:10am May 13, 2010 6:10am
Quoting Rgali1
Looks like it will go much lower in today session although I admit i'm nervous entering here...anyone have the DP handy?
The good entry was about 1.26, in the wedge we just broke from. This area was likely to be noisy, so I'm giving this room. If my stop is hit, so be it.

If you do have to enter, 70ish would be the place to do it I think.
  • #241,282
  • May 13, 2010 6:12am May 13, 2010 6:12am
Quoting Jhig
What time frame?
15 min.............maybe it's small fram?
  • #241,283
  • May 13, 2010 6:13am May 13, 2010 6:13am
I shot. Let's see how close the next two H4, could be a double minimum important to go up and down 1.3000 to 1.1000 .... what say?

I do not load more short, now I do not trust
  • #241,284
  • May 13, 2010 6:15am May 13, 2010 6:15am
Quoting clambill
It's funny how gold is going up at the same time as the euro is going down.
They have been negatively correlated (from feb) for some time due to ties with usd....euro weakness, not necessarily usd strength.
  • #241,285
  • May 13, 2010 6:20am May 13, 2010 6:20am
Quoting mfoste1
They have been negatively correlated (from feb) for some time due to ties with usd....euro weakness, not necessarily usd strength.
true, from some time it is different as it used to be
  • #241,286
  • May 13, 2010 6:20am May 13, 2010 6:20am
Progress ok & some effects of news seen recently but seems ok too. sorry clicked post min 4 times & go but not yet .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #241,287
  • May 13, 2010 6:21am May 13, 2010 6:21am
Here's that 6540 bounce I forecast, it wants to go to 2625 Lets see if it makes it. I looking to get short once this exhausts itself.
Founder of Sutherland Wave Principle
  • #241,288
  • May 13, 2010 6:21am May 13, 2010 6:21am
Everyone on twitter is expecting price to touch 1.25 level and looking for a reversal off that level. Everyone looks to be buying EUR once level is hit.
  • #241,289
  • May 13, 2010 6:22am May 13, 2010 6:22am
Quoting Jhig
Everyone on twitter is expecting price to touch 1.25 level and looking for a reversal off that level. Everyone looks to be buying EUR once level is hit.
I am so glad I dont have twitter.
Trade on your own risk Plan your trade&trade your plan dont be a
  • #241,290
  • May 13, 2010 6:25am May 13, 2010 6:25am
In my opinion best thing to do now is not to do anything. Wait and see if it beakes previous low...if it bounces then short from there
  • #241,291
  • May 13, 2010 6:26am May 13, 2010 6:26am
Quoting Jhig
Everyone on twitter is expecting price to touch 1.25 level and looking for a reversal off that level. Everyone looks to be buying EUR once level is hit.
Suddenly I feel compelled to close my short, yet also to have it open at 25 when this lot goes long.

And then came another wedge - 1m.
  • #241,292
  • May 13, 2010 6:26am May 13, 2010 6:26am
Quoting Trading Cat
I am so glad I dont have twitter.
reason being?
  • #241,293
  • May 13, 2010 6:27am May 13, 2010 6:27am
Quoting Naglis
In my opinion best thing to do now is not to do anything. Wait and see if it beakes previous low...if it bounces then short from there
Smart!
Capital Preservation is key to long term wealth accumulation
  • #241,294
  • May 13, 2010 6:27am May 13, 2010 6:27am
why on earth is the euro weakining?

so much for the greece bailout...
  • #241,295
  • May 13, 2010 6:28am May 13, 2010 6:28am
All tf price action in bear rally in the middle only m5 in in buy setup perfection duely in a retracement up ,71 & 86 can be resistant there .want see if can go further down , partial profit taken & rest let go till 1.2508/00.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #241,296
  • May 13, 2010 6:29am May 13, 2010 6:29am
I recon it's gonna struggle to get up to 2600/2625 or go sideways while that force exhausts itself for about two hours and then death spiral. But then it's thursday/fri I recon some big orders might be going in here in anticipation of profit taking and a treck to the upside for the end of the week?
Founder of Sutherland Wave Principle
  • #241,297
  • May 13, 2010 6:29am May 13, 2010 6:29am
Quoting Trading Cat
I am so glad I dont have twitter.
Me to..
  • #241,298
  • May 13, 2010 6:29am May 13, 2010 6:29am
ok guys, i've just entered short, if this craps on me i'm gonna be pissed.
  • #241,299
  • May 13, 2010 6:31am May 13, 2010 6:31am
Quoting Trading Cat
Quoting Jhig
Everyone on twitter is expecting price to touch 1.25 level and looking for a reversal off that level. Everyone looks to be buying EUR once level is hit.
I am so glad I dont have twitter.
Lol
  • #241,300
  • May 13, 2010 6:32am May 13, 2010 6:32am
Quoting fontu
partial profit taken & rest let go till 1.2508/00.
fontu
I smell blood, I'm keeping it all on for now.
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