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  • #327,521
  • Nov 17, 2010 9:37am Nov 17, 2010 9:37am
Quoting Pipwanderer
i am guessing this thing is begining to fall now

Probably the best point to do so, just watch for confirmation.
  • #327,522
  • Nov 17, 2010 9:38am Nov 17, 2010 9:38am
Quoting mercy seat
Results until now :

14 round-turns
31 executed orders (different in order size; floating order size facillities; not possible with most online finance services; no hedging has been used for it; not needed that; although we never would recommend to invest with services who are not able to provide such things)

Easy to ride the full DNA-Spiral with this ... no restrictions ... never prices freezing ... never execution errors ... never requotes ... no delays ... no ugly java software BS ...

all green ... not a single trade caused...
LOL I need to use Google translation gut gut
  • #327,523
  • Nov 17, 2010 9:38am Nov 17, 2010 9:38am
This USD weakness just does not feel right.

We have been seeing that bad USD news has been resulting in strengthening the USD on the basis that it is considered (such fools) as a safe haven.

Today's news was bad, why would it all of a sudden result in people dumping USD? Just does not make sense.

At worst I could see running toward a more stable currency, but the euro simply does not qualify.
  • #327,524
  • Nov 17, 2010 9:38am Nov 17, 2010 9:38am
Quoting T@rantula
LOL I need to use Google translation gut gut

Last time I checked, we won the war
  • #327,525
  • Nov 17, 2010 9:39am Nov 17, 2010 9:39am
Quoting cloggie
Probably the best point to do so, just watch for confirmation.
Suggestions for confirmation?
  • #327,526
  • Nov 17, 2010 9:41am Nov 17, 2010 9:41am
Quoting cloggie
Sensible, 355 will not be an easy one to break though. I am flat watching the action here. Not going to jump on the first M5 candle I see.

I had a good fill on fibre today and am happy with what I have achieved.
exactly. 355 should prove a resistance. What I have learnt from a fund manager is that round numbers are a favourite s/r levels of big players.

Thats why I use round numbers as a part of key confluence analysis.
  • #327,527
  • Nov 17, 2010 9:41am Nov 17, 2010 9:41am
Quoting cloggie
Too early.
3550 needs to hold, resistance and TL touch as well
see att
Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #327,528
  • Nov 17, 2010 9:41am Nov 17, 2010 9:41am
Quoting cloggie
Too early.
You said that earlier , but then I guess lunch got in the way of answering the question 'in terms of what'? Not enough consolidation, not enough retracement, or just the move doesn't seem to be finished. Thanks.
  • #327,529
  • Nov 17, 2010 9:42am Nov 17, 2010 9:42am
Quoting T@rantula
exactly. 355 should prove a resistance. What I have learnt from a fund manager is that round numbers are a favourite s/r levels of big players.

Thats why I use round numbers as a part of key confluence analysis.

whole numbers have a little effect, the 1/2's hardly. 355 was the biggger one here, but what is 5 pips among friends.

Most of us here were looking at the same level +/- 10 pips.
  • #327,530
  • Nov 17, 2010 9:43am Nov 17, 2010 9:43am
Quoting zaphy
You said that earlier , but then I guess lunch got in the way of answering the question 'in terms of what'? Not enough consolidation, not enough retracement, or just the move doesn't seem to be finished. Thanks.

Just PA, it didn't jump of 355 like a wet cat of an electric fence so be mindful. It is the way I read price, I have hardly had a chart open today, just playing price levels.
  • #327,531
  • Nov 17, 2010 9:45am Nov 17, 2010 9:45am
very true, I am quite indisciplined trader and my wins gets cancelled out by crappy spur of the moment trades.


Quoting T@rantula
Im out of trade atm as I have fulfilled my daily norm. However, DrLobo dont try to predict.

According to TECHNICALS u may be right.

Im still INCLINED to short EU although intraday trading session for me has been finished.
  • #327,532
  • Nov 17, 2010 9:45am Nov 17, 2010 9:45am
Quoting cloggie
Last time I checked, we won the war
haha. well yes, but Germans are definetely the strongest force in Europe
  • #327,533
  • Nov 17, 2010 9:46am Nov 17, 2010 9:46am
Quoting cloggie
Just PA, it didn't jump of 355 like a wet cat of an electric fence so be mindful. It is the way I read price, I have hardly had a chart open today, just playing price levels.

3540 seems to be holding nicely. Perhaps its a new round of support.
Know when to hold em, Know when to fold em!
  • #327,534
  • Nov 17, 2010 9:49am Nov 17, 2010 9:49am
Quoting cloggie

3532 will be key for the retrace.

Here she comes.
  • #327,535
  • Nov 17, 2010 9:49am Nov 17, 2010 9:49am
i think its retracing now ??

Quoting DrLobo
stopped out -30 pips.

better not retrace now !
  • #327,536
  • Nov 17, 2010 9:49am Nov 17, 2010 9:49am
What are some key ways to see confirmation of a top?
  • #327,537
  • Nov 17, 2010 9:50am Nov 17, 2010 9:50am
Quoting T@rantula
haha. well yes, but Germans are definetely the strongest force in Europe
you mean round numbers as in eg.1.35467 becomes 1.3548?
  • #327,538
  • Nov 17, 2010 9:50am Nov 17, 2010 9:50am
Quoting cloggie
but what is 5 pips among friends.

Most of us here were looking at the same level +/- 10 pips.
Indeed.
  • #327,539
  • Nov 17, 2010 9:50am Nov 17, 2010 9:50am
Quoting Pipwanderer
you mean round numbers as in eg.1.35467 becomes 1.3548?
No. 3500 3550 3600 3650 etc..but only as ONE of KEY elements for spotting a confluence near s/r lines. I always say:

PA trading is all about buying support and selling resistance.
  • #327,540
  • Nov 17, 2010 9:51am Nov 17, 2010 9:51am
Quoting DrLobo
i think its retracing now ??

Been watching some of your posts and your analysis is not bad, you just need to find obvious levels of demand/supply and see how your analysis works around them. You sold earlier at a clear rejection of a support and a clear trigger for the DP and 355, you then closed your short right at the resistance without waiting to see if it would come back to you.
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