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  • #330,441
  • Nov 22, 2010 11:47am Nov 22, 2010 11:47am
its early @ 3575.
in my experience that is bearish.
but it did bounce.
will look for another leg.
3558 is when i turn bearish
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  • #330,442
  • Nov 22, 2010 11:48am Nov 22, 2010 11:48am
Short again @ 1.3586 SL @ 1.3622
  • #330,443
  • Nov 22, 2010 11:52am Nov 22, 2010 11:52am
Quoting psiholog
that lack of a retest of the breakout level is exactly why I looked for a long position. As for my entry reasons...I do keep in mind the longer timeframes (4h and daily) which do indeed suggest massive continuation down but my gut feeling (or experience..w/e you want to call it) says that we went down too much too fast in a very narrow downtrend so a partial correction to retest that breakout level should occur before anything else.

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Now forex is not an exact science and the odds of continuing lower to retest last week's...
Sure I do agree with most of your views. Any panic selling or mania buying have the same patterns as you mentioned. Last weeks were panic selling more than a fundamental well behave move.

I am also more inclined to the long side (daily up) if that daily S (the last daily swing low) is rejected and obviously if Portugal, Spain, EZ in general debt problems don't cause another panic round.

IMO, the inflationary impact of QE2 (not the speculative move) is still far from been absorbed in currencies and a weaker dollar is just been capped by short term moves on the EZ debt crisis.

On the TA side, weekly and daily are showing a clear potential consolidation range pattern till the end of the year that will also make perfect sense with a standby in the currency war. Beyond that is outside my scope of analysis.

Good post again and good luck with your positions.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #330,444
  • Nov 22, 2010 11:59am Nov 22, 2010 11:59am
LOL days passed and here we go AGAIN!
Wounder does the rejection still there,
Let's watch
http://www.forexfactory.com/showpost...stcount=328219
  • #330,445
  • Nov 22, 2010 12:01pm Nov 22, 2010 12:01pm
Quoting sisse
Sure I do agree with most of your views. Any panic selling or mania buying have the same patterns as you mentioned. Last weeks were panic selling more than a fundamental well behave move.

I am also more inclined to the long side (daily up) if that daily S (the last daily swing low) is rejected and obviously if Portugal, Spain, EZ in general debt problems don't cause another panic round.

IMO, the inflationary impact of QE2 (not the speculative move) is still far from been absorbed in currencies and a weaker dollar is just been capped by short...
the usd is strengthening lately. as soon as it is not china will raise. they would have raised more but the usd was gaining. the usd was gaining and yet they still raised. 60% rise in food prices means a lot to a emerging economy. they spend more for food % wise to live... less money = less gold.commodity buying ect.. higher food prices are just starting to hit.. it takes time. meanwhile everyone wants a raise to cover higher food cost. these raises cause more inflation... 60% will be cheap soon.. snow ball affect.
those who can, do. those who cant, talk about those who can
  • #330,446
  • Nov 22, 2010 12:02pm Nov 22, 2010 12:02pm
imagine you trade so well, you get paid for it!!!!!!!!!

  • #330,447
  • Nov 22, 2010 12:03pm Nov 22, 2010 12:03pm
Quoting AmeriTrini
imagine you trade so well, you get paid for it!!!!!!!!!


Been there, done that, now I just pay myself.
  • #330,448
  • Nov 22, 2010 12:03pm Nov 22, 2010 12:03pm
Quoting egkid
LOL days passed and here we go AGAIN!
Wounder does the rejection still there,
Let's watch
http://www.forexfactory.com/showpost...stcount=328219
sure you are long...and mis the 200 pips train.
  • #330,449
  • Nov 22, 2010 12:05pm Nov 22, 2010 12:05pm
Quoting cloggie
Been there, done that, now I just pay myself.
well thats too bad for you, lost everyones money huh???
  • #330,450
  • Nov 22, 2010 12:08pm Nov 22, 2010 12:08pm
Quoting cloggie
Been there, done that, now I just pay myself.
i have found its better not to play with it.. i just flush.. if it looks like it, and smells like it, it must be it..
those who can, do. those who cant, talk about those who can
  • #330,451
  • Nov 22, 2010 12:10pm Nov 22, 2010 12:10pm
NICE AND EASY
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  • #330,452
  • Nov 22, 2010 12:10pm Nov 22, 2010 12:10pm
Quoting Mr Hatch
i just didn't want to change it, for i set a pending right at R3 3854... well, that's the game.
Schade ... you has been the only member who got that receipt ... more than twenty hours ago ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #330,453
  • Nov 22, 2010 12:10pm Nov 22, 2010 12:10pm
Quoting condorito
sure you are long...and mis the 200 pips train.
Just watching!
http://www.forexfactory.com/showpost...stcount=330375
Catch u tomorrow
Cya
  • #330,454
  • Nov 22, 2010 12:11pm Nov 22, 2010 12:11pm
Quoting gatorinla
i have found its better not to play with it.. i just flush.. if it looks like it, and smells like it, it must be it..

I am like a kid sometimes, you gotta poke it.
  • #330,455
  • Nov 22, 2010 12:12pm Nov 22, 2010 12:12pm
Quoting Merry
I had 2 pending Orders 4 Long & 1 of them has been activated while still have my short Position ( more than 150 pips in profit so far ) & will keep it till final Target.


The Second 1 has also been Activated !

Now it has 2 pull back up 0.618 - 0.786 of the way it has fallen.

  • #330,456
  • Nov 22, 2010 12:13pm Nov 22, 2010 12:13pm
Quoting cloggie
I am like a kid sometimes, you gotta poke it.
well if you have too... to be honest sometimes i try to break it up with a steady stream. i hate public toilets that are not flushed.
those who can, do. those who cant, talk about those who can
  • #330,457
  • Nov 22, 2010 12:17pm Nov 22, 2010 12:17pm
Time to go up ???????????????????????
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #330,458
  • Nov 22, 2010 12:17pm Nov 22, 2010 12:17pm
Quoting mercy seat
Schade ... you has been the only member who got that receipt ... more than twenty hours ago ...
the last sentence of the message bothered me, i left this morning when frankie approached the upper trendline and thought, "well, stoploss is stoploss, don't touch anything".
  • #330,459
  • Nov 22, 2010 12:20pm Nov 22, 2010 12:20pm
Quoting cloggie
At least the bottom pickers got taught a lesson, pass the soap.
I'm picking either 1.3450 or 1.3310 as my bottom. My preference is the lower of the two, which will be a set and forget order.
  • #330,460
  • Nov 22, 2010 12:23pm Nov 22, 2010 12:23pm
we might have found a nice bottom no more lower lows on the 5min..still watching pa closely may be for a nice retrace then back down
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