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  • #364,801
  • Jan 14, 2011 4:21am Jan 14, 2011 4:21am
Quoting Pipmysterio
This is too much of a retracement.
I suppose a drop of more than 100 pips from the high is not a retracement but rather a reversal.
  • #364,802
  • Jan 14, 2011 4:21am Jan 14, 2011 4:21am
last night 3320 did hold , i hope gator did hit, sow some shorts from 40s hope they did cash in ,

we did go above 13400 and mid way to 13500 , it will be crazy its fridy dont get fooocked
  • #364,803
  • Jan 14, 2011 4:22am Jan 14, 2011 4:22am
Brocken clock said buy 3325 target 500 plus 130 pips. Brocken clock said we'll start the big move around 8 o clock. Brocken clock now says, buy this pullback because it's in my projection and it'll go back up and reach 3500.
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Founder of Sutherland Wave Principle
  • #364,804
  • Jan 14, 2011 4:23am Jan 14, 2011 4:23am
Quoting hkkhanus
hey kill , how you doing?

great mate what about u hope u are in green
  • #364,805
  • Jan 14, 2011 4:23am Jan 14, 2011 4:23am
Quoting wormboy
You'll never make money in the long run that way. If you have to cut your profit short, make sure you have a valid reason or two to do so.

The "never go broke taking a profit" is a fallacy in general because people tend to book profit for a few pips but let trade run their stops fully. P/L ratio will be thrown out of the window & the trade account has no chance of surviving.
Just trying to help. Good luck.
thks, decided that i'll keep it till 1.345. nothing has changed besides a 100 pip retracement
  • #364,806
  • Jan 14, 2011 4:23am Jan 14, 2011 4:23am
We're waiting on news.
  • #364,807
  • Jan 14, 2011 4:23am Jan 14, 2011 4:23am
Good day to you,

With such an important level broken - direct continuation would be too simple. So - coming back and may even meddle a bit below just to entice fresh shorts and stop out some longs still on.

Direction will then be decided.

Just opinion

Regards
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  • #364,808
  • Jan 14, 2011 4:24am Jan 14, 2011 4:24am
Quoting DudeSepii
I suppose a drop of more than 100 pips from the high is not a retracement but rather a reversal.

Not a reversal on my chart. The trend is still up for me.
Prices are never too high to begin buying or too low to begin selling.
  • #364,809
  • Jan 14, 2011 4:24am Jan 14, 2011 4:24am
Quoting Pipmysterio
This is too much of a retracement.
Short trades were covered by longs. FEAR. When longs are out its an automatic sell back into the market. Thats called profit taking or a retracement. The same.

Positions will be taken soon. Consolidation phase serves for that purpose.
  • #364,810
  • Jan 14, 2011 4:25am Jan 14, 2011 4:25am
dollar index made a nice bounce back 79.42
  • #364,811
  • Jan 14, 2011 4:25am Jan 14, 2011 4:25am
Quoting gatorinla
monthly close 3373
Are you sure it is monthly? I have the following:

...
2010/9,1.26732,1.36832,1.26439,1.36305
2010/10,1.36307,1.41586,1.3629,1.39727
2010/11,1.39724,1.42818,1.29681,1.2995
2010/12,1.29952,1.34976,1.29708,1.32944
2011/1,1.33274,1.34334,1.29008,1.29099

Thanks.
  • #364,812
  • Jan 14, 2011 4:26am Jan 14, 2011 4:26am

Quoting T@rantula
Short trades were covered by longs. FEAR. When longs are out its an automatic sell back into the market. Thats called profit taking or a retracement. The same.

Positions will be taken soon. Consolidation phase serves for that purpose.
  • #364,813
  • Jan 14, 2011 4:26am Jan 14, 2011 4:26am
Quoting Capn79
Wormie,

How are you doing? Happy New Year to you. I've practiced and practiced levels over the holidays, and thanks to you and Cloggs... life is Good!

I've studied that day back in June when y'all were calling targets, as well as many other days where you and Cloggs posted levels. It's amazing how clear things become after that. Thanks again Bud,
hey sam, don't mention it

I'm doing good. Great to hear you're progressing brother, just remember to stick to the plan, keep it simple & the money will come.

Right I'm outta here. Catch you later & Happy New Year to you too, hope you'll have a prosperous year!
Thank You
  • #364,814
  • Jan 14, 2011 4:27am Jan 14, 2011 4:27am
yeah i'm good thanks.
you know how Fridays are like lol a bit funny,
i am eyeing 3469 then if it gets breached 35xx

what you think bro?

Quoting kill56
great mate what about u hope u are in green
  • #364,815
  • Jan 14, 2011 4:28am Jan 14, 2011 4:28am
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif 2011-01-14_04h54_ EURUSD _ min005 _ 1100 x 800 (BarChart).PNG (23.4 KB)

Nothing changed ... but if not spiking higher during early European Session ... then we should see some wave of profit taking prior to week-end ...

Friday ... positions squaring ...

I will change my settings and setup gauges for the trading machine within next three hours ...

;-|

Quoting T@rantula
You know what is telling me all this PA: Short covering and profit taking...

When something isnt synchronized with my TA...I dont take any trades.

we should see some wave of profit taking prior to week-end ...

That has been my idea as well ... while planing my intraday levels ...

Everything happened exactly as expected ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #364,816
  • Jan 14, 2011 4:29am Jan 14, 2011 4:29am
Dollar hit previous support.
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  • #364,817
  • Jan 14, 2011 4:31am Jan 14, 2011 4:31am
This is absolutely so true Worm, and I really felt it yesterday. I cut a trade at 1.3200 cos it was a milestone for me... my first 60 pip trade (2 lots) and I was ecstatic. I should have kept it open and moved my stops.... but I know that now after reviewing that trade. It's funny, we let our stop losses run.... but we shave off our profits cos of fear. Thankfully folk like you and Clogs who set targets in advance have helped take that fear out.... at least from me anyways. Other noobs should listen and take heed.

Quoting wormboy
You'll never make money in the long run that way. If you have to cut your profit short, make sure you have a valid reason or two to do so.

The "never go broke taking a profit" is a fallacy in general because people tend to book profit for a few pips but let trade run their stops fully. P/L ratio will be thrown out of the window & the trade account has no chance of surviving.
Just trying to help. Good luck.
A pip is only worth it if you know how much you risked to earn it
  • #364,818
  • Jan 14, 2011 4:32am Jan 14, 2011 4:32am
Quoting T@rantula
Short trades were covered by longs. FEAR. When longs are out its an automatic sell back into the market. Thats called profit taking or a retracement. The same.

Positions will be taken soon. Consolidation phase serves for that purpose.
Hello bro
I'm long On my daily close reason Natural law as i understand it.
34 and 35 will taken out.
no more post till Break 1.35
CU
  • #364,819
  • Jan 14, 2011 4:32am Jan 14, 2011 4:32am
Quoting kill56
last night 3320 did hold , i hope gator did hit, sow some shorts from 40s hope they did cash in ,

we did go above 13400 and mid way to 13500 , it will be crazy its fridy dont get fooocked
i got a few both ways. cant post on the fly much..
those who can, do. those who cant, talk about those who can
  • #364,820
  • Jan 14, 2011 4:32am Jan 14, 2011 4:32am
Quoting gatorinla
did china raise reserves? if so .. aud..

Missed this post soz, but yeah RRR up by 50 bps..

http://www.forexlive.com/159503/all/...ents-by-50-bps
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