EURUSD

Quoting disegnosys

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I was just joking about the pictures of oktoberfest, it looks like fun.

I'm just getting into the market now to look for a trade. The market is too slow to trade even for a scalp for me. I am a short term trader, scalp all day, and do some swing trading. Yes, you must stay in tune with big picture first before any short term move.

I wait for momentum, and then trade patterns for S/R levels and just looking to get 50% of a move.

I don't see any moves yet ranges are way too tight.

Happy Trading, peace.

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Quoting TheArcher

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1) i noticed on ur charts that u have dots similar to SAR on the MACD ... how do use it ?

2) what do u mean by hidden signs in MACD ?

thanks .

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Quoting psiholog

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Here is an interesting fact, as observed over 3 years.

Usually when the market opens until the first US session, price action tends to consolidate within the range established on Friday (low to high).

Now the question becomes, what happens when pa opens at an absolute high or absolute low from the previous Friday? This is the one exception to the rule that behaves differently.

There is no simple answer but 2 things are what happen usually in these conditions.
1)New high within the first few hours of the market open followed by a severe decline...

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Quoting smnaol

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ok bro, roger that.

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Quoting Faller

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15tf 5-7pips(tight stoploss) with refer to the fibo.

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Quoting psiholog

Disliked

Here is an interesting fact, as observed over 3 years.

Usually when the market opens until the first US session, price action tends to consolidate within the range established on Friday (low to high).

Now the question becomes, what happens when pa opens at an absolute high or absolute low from the previous Friday? This is the one exception to the rule that behaves differently.

There is no simple answer but 2 things are what happen usually in these conditions.
1)New high within the first few hours of the market open followed by a severe...

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Quoting mfoste1

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here is the topping pattern from 1.60....
follow your charts, no one else's.

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Quoting smnaol

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That seems like alot of stress especially in a slow market like this....you can get hammered.......

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Quoting Mr Hatch

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it would be rather mad to follow this today, because bulls just broke an importan cross... going lower will wake up the bears, though i don't think we are ready to drop significantly just yet. so far, bulls are pretty much trapped inside the range we are facing atm.

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Quoting supremeChaos

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interesting observation Sir.

my view is the 2008 drop's situation is very different to the current situation.
the 2008 drop was preceded by a huge uptrend, while currently, i think we are in the early or mid-part of an uptrend. consequently, USD index has been weak.

let's see what the market does.

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Quoting mfoste1

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geeze i hope london will at least try to test the 50 fib

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Quoting mfoste1

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geeze i hope london will at least try to test the 50 fib

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Quoting mfoste1

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oh yea it will be interesting....

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Quoting mfoste1

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geeze i hope london will at least try to test the 50 fib

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Quoting Mr Hatch

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i guess they don't want trigger too many shorts at the same time...
but i was wrong twice or even three times in the course of the last 2 weeks when it comes to resistance.

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Quoting PugsMcGee

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Which TF Fib are you referring to?

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