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EURUSD

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#342,561
Dec 8, 2010 9:45pm Dec 8, 2010 9:45pm

samdani786
| Commercial User | Joined Feb 2008 | 7,913 Posts

H1 . Testing back of TL @ .618 and making kind of spinning tops ? May slide.

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The finest tool in the world still needs a MAN who KNOWS how to use it.

#342,562
Dec 8, 2010 9:49pm Dec 8, 2010 9:49pm

DudeSepii
| Joined May 2010 | Status: Malaysia | 764 Posts

Quoting goods

Disliked

Was short 3317 got stopped out on a rush of b/e back in at 3317 again short. H1 inverted hammer and followed by a lower wick doji looks nice and juicy to short esp at top of trendline, dont know if this will give way for continued downtrend lower high or just pull back to bottom of hourly channel

Ignored

The volume is very thin.....not worth to enter any position.

#342,563
Dec 8, 2010 9:50pm Dec 8, 2010 9:50pm

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting attila

Disliked

what i can say is the rsi turning before 65 is very bearish. The bear range is between 25-30 to under 65. Bull range is 40 to over 65-70.

the rsi is also oversold so if it turns here it goes to under 1.3

i only glanced at h1

Ignored

Thanks for the explanation!
For me H1 is still bullish..PA speaking...but the last two candle aren't good for longs (no vol on it though)

COT: The precious data ignored

#342,564
Dec 8, 2010 9:56pm Dec 8, 2010 9:56pm

goods
Joined Feb 2010 | Status: Helping Others | 1,668 Posts

Quoting kuroro001

Disliked

Thanks for the explanation!
For me H1 is still bullish..PA speaking...but the last two candle aren't good for longs (no vol on it though)

Ignored

Daily is bullish so my short is must short term bear pullback for another move up later

Know when to hold em, Know when to fold em!

#342,565
Edited 10:08pm Dec 8, 2010 9:57pm | Edited 10:08pm

knuckledrag
Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts

Quoting kuroro001

Disliked

Thanks for the explanation!
For me H1 is still bullish..PA speaking...but the last two candle aren't good for longs (no vol on it though)

Ignored

Agree... what do say we go back to say.... 1.3258ish

edit: sorry fat finger....... 1.3278ish

#342,566
Dec 8, 2010 10:02pm Dec 8, 2010 10:02pm

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting knuckledrag

Disliked

Agree... what do say we go back to say.... 1.3258ish

Ignored

i have 3256, and that would make a second lower high on h4. i would be hard pressed to long there.

#342,567
Dec 8, 2010 10:03pm Dec 8, 2010 10:03pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,172 Posts

Quoting B.Shore

Disliked

Gold, AU closed above resistance on the 1H. GU 15832, EU 3312 right under resistance. I don't see any short signals yet.

If we retrace from here, below R1 the Weekly Pivot would be a good target or a little above at 3290. Above here have some work to do at 3336 and 3363 38%, but the MVP is within reach again. AFK until London.

Ignored

i don't know what it will do. but i couldn't long gold here. that little wedge is ripe and could be enough to break the bigger tl. that would put the larger bear wedge in the game.

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those who can, do. those who cant, talk about those who can

#342,568
Dec 8, 2010 10:11pm Dec 8, 2010 10:11pm

knuckledrag
Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts

Quoting attila

Disliked

i have 3256, and that would make a second lower high on h4. i would be hard pressed to long there.

Ignored

sorry I edited

#342,569
Dec 8, 2010 10:12pm Dec 8, 2010 10:12pm

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting knuckledrag

Disliked

sorry I edited

Ignored

ah, np.

#342,570
Dec 8, 2010 10:13pm Dec 8, 2010 10:13pm

soezzy69
| Additional Username | Joined Dec 2010 | 1 Post

Quoting PipChick

Disliked

Some people do great in the type of mkt we had today, others like me, well lets just say I couldnt trade my way out of a wet paper bag in todays mkt. I was lucky enough to make some pips early this morning but knew to get the heck out of dodge once it began to trade in a tight range so I went out and enjoyed life. It took me a few yrs and it cost a lot of money to learn how to do that.lol

Ignored

Maybe a new tool can make you pips in tight ranging markets? Then you simply 'Plan The Trade - Trade The Plan?'

#342,571
Dec 8, 2010 10:14pm Dec 8, 2010 10:14pm

Leinadgnow
| Joined Nov 2010 | Status: Trader | 529 Posts

Think that the 1M, 3M, 5M, 1H, 2H, 4H seems to be pointing downward.. i dunno how to upload my chart + on top of that, i'm a junior member so by the time it gets approved.. it'd be too late but anyway im shorting 1.3307

There is no royal road to anything.

#342,572
Dec 8, 2010 10:17pm Dec 8, 2010 10:17pm

swing 123
| Joined Sep 2010 | Status: Trader | 1,883 Posts

Quoting swing 123

Disliked

e/u after completing small 5 waves( may be wave 1 to the upside) currently in retracement to the up move and current wave 1 projection gives 33 - 3315 target as per calculations i.e. if we break above 3257?

Ignored

Morning
Another target hit

#342,573
Dec 8, 2010 10:17pm Dec 8, 2010 10:17pm

Alihuzaifa
| Membership Revoked | Joined Oct 2008 | 2,791 Posts

i am short tp 1.3280

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#342,574
Dec 8, 2010 10:32pm Dec 8, 2010 10:32pm

samdol
| Joined Aug 2010 | Status: Trader | 54 Posts

Quoting Leinadgnow

Disliked

Think that the 1M, 3M, 5M, 1H, 2H, 4H seems to be pointing downward.. i dunno how to upload my chart + on top of that, i'm a junior member so by the time it gets approved.. it'd be too late but anyway im shorting 1.3307

Ignored

but i see bull flag on 15,30 & h1