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EURUSD

  • #330,881
  • Nov 23, 2010 4:21am Nov 23, 2010 4:21am
Quoting ommani
i think your triangle is false because one candle is crosed up side to the down side of that.are you sure?
yes i am.
  • #330,882
  • Nov 23, 2010 4:23am Nov 23, 2010 4:23am
Quoting fiftylots
Have $100 left. Should I press Buy or Sell? Should I use 400:1 or 500:1?

Thanks!

Fifty
If you make such question, you are not prepared to trade forex. Stay aside until you learn how to trade properly. I did.
  • #330,883
  • Nov 23, 2010 4:23am Nov 23, 2010 4:23am
Quoting JuliusCeasar
I could be wrong but i'l just take it as a sign of indecision or possible reversal

it came a 50 fib and the buying could be profit taking or longs being accumulated

my theory could do with a close above 1.3650 though
okay.
the doji just means indecision. Only a strong bullish close this week will suggest a reversal is likely.
A few past examples of dojis that didn't reverse below.
Have a good one.
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Thank You
  • #330,884
  • Nov 23, 2010 4:24am Nov 23, 2010 4:24am
Quoting T@rantula
No worries. Thanks mate.
It's risky but 2 things support ur trade from 1.3575 in my view and i like them
Daily TL , inverse H&S ON 4H , R:R Very good

I will take very very small Position and trade it with u
  • #330,885
  • Nov 23, 2010 4:25am Nov 23, 2010 4:25am
Quoting cloggie
Take it out, go on a decent p!ss up and start again next week with a demo and learn to trade.
bot 0.1 let's see does it work or not this forex
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  • #330,886
  • Nov 23, 2010 4:26am Nov 23, 2010 4:26am
Quoting wormboy
okay.
the doji just means indecision. Only a strong bullish close this week will suggest a reversal is likely.
A few past examples of dojis that didn't reversed below.
Have a good one.
I completely agree.
A doji doesn't show a direction..it needs a confirmation.
And i kept saying a solid bullish close and we should go up.
A new weekly low and we are likely to go to 1,3300.
COT: The precious data ignored
  • #330,887
  • Nov 23, 2010 4:28am Nov 23, 2010 4:28am
irish sprds 556, +12
Look Sharp/Trade Tight
  • #330,888
  • Nov 23, 2010 4:28am Nov 23, 2010 4:28am
i can't get rid of the impression that it failed pushing through the upside enough now.
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  • #330,889
  • Nov 23, 2010 4:28am Nov 23, 2010 4:28am
Quoting egkid
It's risky but 2 things support ur trade from 1.3575 in my view and i like them
Daily TL , inverse H&S ON 4H , R:R Very good

I will take very very small Position and trade it with u
Yes. I can sense a strong spirit of ur pharaoh ancestors. Lets fly bro.
  • #330,890
  • Nov 23, 2010 4:30am Nov 23, 2010 4:30am
What a mess we got here.
Hello.
  • #330,891
  • Nov 23, 2010 4:30am Nov 23, 2010 4:30am
I'm seeing arguments for both sides, I'll wait some more....truth is I'm closer to getting a buy than a sell
Look Sharp/Trade Tight
  • #330,892
  • Nov 23, 2010 4:31am Nov 23, 2010 4:31am
Quoting fiftylots
Have $100 left. Should I press Buy or Sell? Should I use 400:1 or 500:1?

Thanks!

Fifty
If it were me I think I'd gamble it on one big trade and whatever the outcome STOP trading and start learning and demoing. Personally I am looking at 620 area as resistance and am expecting to go short there with a target around 500. If market closes above that though might have to reconsider.
  • #330,893
  • Nov 23, 2010 4:31am Nov 23, 2010 4:31am
Quoting fiftylots
bot 0.1 let's see does it work or not this forex

Buying at the top with no confirmation is just another coin toss. This level has held for 24 hours, what makes you think it is going to go on this try.

Even a blind squirrel finds an acorn every once in a while.
  • #330,894
  • Nov 23, 2010 4:32am Nov 23, 2010 4:32am
Quoting Guitarfx
If it were me I think I'd gamble it on one big trade and whatever the outcome STOP trading and start learning and demoing. Personally I am looking at 620 area as resistance and am expecting to go short there with a target around 500. If market closes above that though might have to reconsider.
and how does it help if he's lucky?
  • #330,895
  • Nov 23, 2010 4:32am Nov 23, 2010 4:32am
There is no really strong signal but the rising wedge tends to make me think of long.

The real problem that I have at present is that the market usually reacts first and thinks later. I would think that any hint of armed conflict would make the market flee risk but that has not happened, at least not yet and it is usually a knee jerk reaction. This is making me look for a short and just do not see one happening.
  • #330,896
  • Nov 23, 2010 4:32am Nov 23, 2010 4:32am
Quoting Mr Hatch
and how does it help if he's lucky?

He'll have $110 for his p!ss up instead of $100
  • #330,897
  • Nov 23, 2010 4:34am Nov 23, 2010 4:34am
Quoting cloggie
He'll have $110 for his p!ss up instead of $100


buying the right stuff, $10 is by far enough for me.
  • #330,898
  • Nov 23, 2010 4:34am Nov 23, 2010 4:34am
Quoting Mr Hatch
and how does it help if he's lucky?
With the prices of things today you cannot have much of a party with just $100

That way he might be able to have a nice (temporary or permanent) vacation from forex celebration while he learns to trade.
  • #330,899
  • Nov 23, 2010 4:35am Nov 23, 2010 4:35am
Whats the upside for a quick scalp? 3620/30...3650/60?
Look Sharp/Trade Tight
  • #330,900
  • Nov 23, 2010 4:37am Nov 23, 2010 4:37am
Quoting cloggie
Buying at the top with no confirmation is just another coin toss. This level has held for 24 hours, what makes you think it is going to go on this try.

Even a blind squirrel finds an acorn every once in a while.
Yes, I think we are just going to wait till NY gets going to see any real move.

I'm waiting till then.
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