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  • #262,601
  • Jun 23, 2010 9:43pm Jun 23, 2010 9:43pm
Quoting ak4x
One can wish there were more posts like this one....
What, you don't prefer Skizzer rants?
  • #262,602
  • Jun 23, 2010 9:43pm Jun 23, 2010 9:43pm
Quoting tonyo524
http://cdn.forexfactory.com/images/icons/icon1.gif Here is my analysis of the current eu condition.
As you can see in the chart, everytime the retrace has crossed the middle bollinger band on the daily time frame, it continued until it reached the top band. We then had a few days of consolidation, and then a hard move south. From my pattern observation, once we get 3 consecutive closes above the niddle bollinger band on the daily, we do not touch the bottom band with out at least touching the top first. Looking at the chart you...

Very good and straight to the point. Just good enough to understand the xplanation. Whether it will happen, it is just a different story. The way u xplain is owsome. Very very reasonable, combining both the TA and FA.
  • #262,603
  • Jun 23, 2010 9:46pm Jun 23, 2010 9:46pm
Birth trend or cycles bifurcations?
Attached Image (click to enlarge)
Click to Enlarge Name: bifurcation.gif Size: 35 KB
  • #262,604
  • Jun 23, 2010 9:49pm Jun 23, 2010 9:49pm
Quoting DudeSepii
It puzzle me too. I thought this is just a retrace and it will continue to drop again.
Yeah, I was thinking the same thing. That run from .19 to .25 over the last few weeks really surprised me. I've always kind of felt that indicators work well when kept to a minimum. Lots of people use them so they become a self fulfilling prophecy of sorts. The more complicated you make things though, the fewer the number of people that will see what you see. This is why I asked about that .255 level. I was having trouble seeing anything that would clearly point to that level yet multiple people had posted about it. I guess I'm still trying to find that nice medium with indicators between functionality and creating a significant edge without going over the top.
  • #262,605
  • Jun 23, 2010 10:02pm Jun 23, 2010 10:02pm
Maybe 1.26 then who knows?.. Fundamentals don't smell good. However, today's action reinforced some upside potential
  • #262,606
  • Jun 23, 2010 10:05pm Jun 23, 2010 10:05pm
This long consolidation makes it more difficult for it to move south.
  • #262,607
  • Jun 23, 2010 10:16pm Jun 23, 2010 10:16pm
.. meant to add chart (firefox went rogue)
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  • #262,608
  • Jun 23, 2010 10:25pm Jun 23, 2010 10:25pm
Quoting PipMaxzz
I closed my short and changed to long at 1.2220
I went long at 1.2220, with a small lot. I was absolutely not sure why I did that. I just looked at the PA and decided cheating myself from all my indicator skills i learnt. Now I am up 125 pips. May be in future I should trade the opposite of the TA signal?
Is it gambling? I wouldnt do this again. Anyways, closing the long position now.
  • #262,609
  • Edited 10:45pm Jun 23, 2010 10:35pm | Edited 10:45pm
ManBearPig is super duper cereal!

Inserted Video
Not all sins are created equal
  • #262,610
  • Jun 23, 2010 10:49pm Jun 23, 2010 10:49pm
I am long now .

Quoting tazzam72
4 H Chart
  • #262,611
  • Jun 23, 2010 10:56pm Jun 23, 2010 10:56pm
Since I posted a chart earlier with a sell line on it, I should say I stopped myself out. I suppose I could have exited earlier but I'm still getting used to working with lines. I'm convinced I'll get it eventually though.
  • #262,612
  • Jun 23, 2010 10:59pm Jun 23, 2010 10:59pm
Small short at 50.
  • #262,613
  • Jun 23, 2010 11:05pm Jun 23, 2010 11:05pm
Quoting PriceVolume
Small short at 50.
So am I. I had 54 as the hard # but shaded it to 50 after it failed it last time.
  • #262,614
  • Jun 23, 2010 11:18pm Jun 23, 2010 11:18pm
OMFG, praise the lord its coming down-I shoulda got out soona but too undiscipined-I neeed to be whipped-any takers?
Im short since yesterday and doubled my postition today at 1.2317
Hope it goes down heaps
  • #262,615
  • Jun 23, 2010 11:21pm Jun 23, 2010 11:21pm
IMO,

Change view :

USD is going to Decline

Keep Buying @ Dips :

EUR / USD
GBP / USD
AUD / USD
Gold / USD

Keep Selling on Rallies :

USD / CHF

  • #262,616
  • Jun 23, 2010 11:27pm Jun 23, 2010 11:27pm
Quoting learntowin
IMO,

Change view :

USD is going to Decline

Keep Buying @ Dips :

EUR / USD
GBP / USD
AUD / USD
Gold / USD

Keep Selling on Rallies :

USD / CHF

IYO
  • #262,617
  • Jun 23, 2010 11:39pm Jun 23, 2010 11:39pm
Quoting chowur
OMFG, praise the lord its coming down-I shoulda got out soona but too undiscipined-I neeed to be whipped-any takers?
Im short since yesterday and doubled my postition today at 1.2317
Hope it goes down heaps
Don't average down losing trades. Add to winners.

I hope it comes down for you. I might have to jump in to help you out.
Only expectation matters . . .
  • #262,618
  • Jun 23, 2010 11:44pm Jun 23, 2010 11:44pm
Quoting RebelRed
Don't average down losing trades. Add to winners.

I hope it comes down for you. I might have to jump in to help you out.

Thats might neighbourly of you-and thanks for listening. Sometimes a burden shared is a burbon halved.
  • #262,619
  • Jun 23, 2010 11:48pm Jun 23, 2010 11:48pm
Quoting chowur
Thats might neighbourly of you-and thanks for listening. Sometimes a burden shared is a burbon halved.
I used to "double up" on trades thinking it was a great way to recover and that the market was just giving me a discount.

Since then I've learned that if the opportunity presents itself it means I'm wrong most of the time and it's best to either suck it up and wait or exit.
Only expectation matters . . .
  • #262,620
  • Jun 23, 2010 11:48pm Jun 23, 2010 11:48pm
Quoting learntowin
IMO,

Change view :

USD is going to Decline

Keep Buying @ Dips :

EUR / USD
GBP / USD
AUD / USD
Gold / USD

Keep Selling on Rallies :

USD / CHF

The Dips and the Rallies depend on what Risk Level that I can accept, what Time Frame (ST, MT, LT) and the Profit Expectation

But I will try not to miss the Great Chance this time
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