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  • #426,401
  • Apr 21, 2011 4:49am Apr 21, 2011 4:49am
Quoting Dvalera
not without a retrace lol , i wont be suprised to see some bearish moment in ny session

We had retrace on monday -280 bears what retrace you looking? -50pips pullback? No big news this week just ahead to top (noboday knows)
  • #426,402
  • Edited 4:54am Apr 21, 2011 4:50am | Edited 4:54am
Quoting T@rantula
Here is how to play countertrend. Open m5, draw a trendline with at least 3 touches. STO must be OB.

Entry signal is a close below the TL.

T

Attachment
Forgive the ignorance. STO? OB? (I'm guessing OB is Overbought?)

Also, entry signal (close below Trend Line) is enter into a short or long?

Thanks.
  • #426,403
  • Apr 21, 2011 4:50am Apr 21, 2011 4:50am
.4200 to 1.4625 was a nice ride ; i am out of all longs here, 4 hour is badly over bought and some correction can be seen here before a fresh move.
  • #426,404
  • Apr 21, 2011 4:51am Apr 21, 2011 4:51am
eur/usd - stops 1.4660-80, sell (for short term) if we trigger those stops
  • #426,405
  • Apr 21, 2011 4:53am Apr 21, 2011 4:53am
Possible retrace would be in the 1.48 area and next would be 1.50



Quoting Julexo
We had retrace on monday -280 bears what retrace you looking? -50pips pullback? No big news this week just ahead to top (noboday knows)
  • #426,406
  • Apr 21, 2011 4:54am Apr 21, 2011 4:54am
Quoting Julexo
We had retrace on monday -280 bears what retrace you looking? -50pips pullback? No big news this week just ahead to top (noboday knows)
a pullback towards daily R1 45921/45874/weekly R2 45818 would be sweet.
Make it rain baby
  • #426,407
  • Apr 21, 2011 4:56am Apr 21, 2011 4:56am
Quoting BrunargarFx
HI T,
What does that mean STO must be OB?
Stochastic in overbought zone >=80
  • #426,408
  • Apr 21, 2011 4:56am Apr 21, 2011 4:56am
Quoting Julexo
We had retrace on monday -280 bears what retrace you looking? -50pips pullback? No big news this week just ahead to top (noboday knows)
LOL okayy im def looking to short 1.47 area. i dont think were gonna go there without some bearish momentum either
  • #426,409
  • Apr 21, 2011 4:57am Apr 21, 2011 4:57am
Quoting BrunargarFx
HI T,
What does that mean STO must be OB?
sell to open must be overbought.

honestly i wouldn't. but if you are comfortable countertrending then i guess you could.
  • #426,410
  • Apr 21, 2011 4:57am Apr 21, 2011 4:57am
Quoting Kole106
eur/usd - stops 1.4660-80, sell (for short term) if we trigger those stops
shorting at 72 .. s/l 1.4720 .. tp 1.4560
  • #426,411
  • Apr 21, 2011 4:58am Apr 21, 2011 4:58am
Quoting thelws
sell to open must be overbought.

honestly i wouldn't. but if you are comfortable countertrending then i guess you could.
Always when the setup is right. I am pretty comfortable with my charts.
  • #426,412
  • Apr 21, 2011 4:58am Apr 21, 2011 4:58am
Quoting T@rantula
Here is how to play countertrend. Open m5, draw a trendline with at least 3 touches. STO must be OB.

Entry signal is a close below the TL.

T

Attachment
It's simple reminders like these that let me and newbies know who to really listen to with regards to trading.

Thanks Spidey!
A pip is only worth it if you know how much you risked to earn it
  • #426,413
  • Apr 21, 2011 5:00am Apr 21, 2011 5:00am
Quoting vlady1974
It's simple reminders like these that let me and newbies know who to really listen to with regards to trading.

Thanks Spidey!
You are welcome. Dont forget that the price must touch/ pierce BB first.
  • #426,414
  • Apr 21, 2011 5:03am Apr 21, 2011 5:03am
Europe is in a current melting down but USA is not in better shape and this PA is the weirdest for long time.

Just to give a note that Portugal is in a Politic situation very strange and with a big possibility for Socrates win again the elections without the majority and this means that Portugal will be in a limbo. Only President then can do something!

The possibility for a complete Portugal's default is every day increasing, so what will happen to the markets if Portugal doesn't pay the next 5 Billion in June.
Left Wing stronger in Europe and with all this financial turmoil, World's future is getting darker and people trading happily.
Insane times at its best!

Oh Dear! what will happen in the next months?

About Euro, with this PA my level of 1.4788 is already there, but I prefer to follow other line at 1.4820 area.
  • #426,415
  • Apr 21, 2011 5:03am Apr 21, 2011 5:03am
Same directions
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  • #426,416
  • Apr 21, 2011 5:04am Apr 21, 2011 5:04am
Trailing Stop Set, Limit removed. Minimum Green Pips Secured. Lets see how this one rides out
  • #426,417
  • Apr 21, 2011 5:04am Apr 21, 2011 5:04am
Quoting T@rantula
Stochastic in overbought zone >=80
However, by the time TL broken, STO not overbought ??
  • #426,418
  • Apr 21, 2011 5:05am Apr 21, 2011 5:05am
4hour chart.. Overbought :0
  • #426,419
  • Apr 21, 2011 5:07am Apr 21, 2011 5:07am
Quoting just fibbing
However, by the time TL broken, STO not overbought ??
Not yet broken.

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  • #426,420
  • Apr 21, 2011 5:09am Apr 21, 2011 5:09am
Greek 5 year credit default swaps rise to record hig 1,335 bps, up 53 bps on day

Written by Gerry Davies
April 21, 2011 at 09:54 GMT

Another day, another record. And so it goes. Does anyone give a monkeys. Seemingly not.

 

  1. Portuguese 5 year credit default swaps rise to 650 bps, up 17 bps on day
  2. Irish 5 year credit swaps rise to 635 bps, up 20 bps on day

Buy more Euro!

Seb

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