as long euro moving below recent formed down trendline , it be considered in short movement till it breakes its resistance .
http://img29.imageshack.us/img29/1171/ff1cr.jpg
http://img29.imageshack.us/img29/1171/ff1cr.jpg
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DislikedIt seems that bears are so weak that they cannot even test 1.2939 so far, but things can change during US session. Even for bulls testing 1.2939 is good. Then, again, 1.30 -> 1.3062 -> 1.3123.
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Dislikedhi guys,
what a rough ride. still above dpp, and i guess that won't change. the fall from 1.3333 has seemingly finished already and a whole new move has started from 1.2588-1.2645. let's see what ny has to contribute to this.
btw: what do lower lows and higher highs imply?Ignored
DislikedIt implies a pressure to the downside, when prices make lower lows (new low) and lower highs (no new highs) it's the definition of a downtrend, solely based on price actionIgnored
DislikedWondering I can have another good long entry at 38.2 retrace of yesterday?Ignored
DislikedI don't think we'll se that level today. Just my personal opinion. Upside confirmed.
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DislikedIn my opinion it is very dangerous to long, we have to close a gap on aud / usd and Friday are due several options contracts, the situation is not stable neither in the EU and I think for now solve the problems (hidden) boys are buying usd then again I am not convinced a long .... I believe in one side for several months .... 1:23 1:32 nothing more
What do you think??
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DislikedMany lessons learnt from my end in my year and a half of trading.....one of the most important ones is take your profit.....I will watch and wait now....there is always another entry. We all have our trading styles.....also....when I am trading the Eruo I am trading the futures with multiple contracts.....so a quick down move of 15 to 20 pips hurts pretty quick....ie 12.50 per tick times 3 contracts times 20 ticks = $750.00 in a blink of an eye......
I hope it runs for you!!!! And I would wish that I was still in the trade!
FallerIgnored