Sitting on the edge of the cliff here..
- #446,702
- May 23, 2011 12:49am May 23, 2011 12:49am
- | Joined Jan 2009 | Status: Trader | 3,071 Posts
now, the daily chart looks interesting:
- #446,704
- May 23, 2011 12:53am May 23, 2011 12:53am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Sitting on the edge of the cliff here..
Edge of Cliff or Foot of Cliff
up or dowm mmm sideways we still in same position, will be exciting when direction confirmed.
If you are new to Forex? Say Goodbye to your account!!
- #446,706
- May 23, 2011 12:56am May 23, 2011 12:56am
you got a 50 50 shot of any number being touched after we have been there. add in ranges, retrace, bounces and most get closed. the question is.. can you handle the draw down until is closes.
Yes in most instances until 'the' one which wipes you out i guess !
- #446,709
- May 23, 2011 12:59am May 23, 2011 12:59am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #446,710
- May 23, 2011 1:08am May 23, 2011 1:08am
from what I gather, Mofu is used to refer to an area where something big might happen (support, resistance, breakout, bounce etc)
time to pay attention basically.. please correct me if i'm off base
- #446,711
- May 23, 2011 1:13am May 23, 2011 1:13am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #446,712
- May 23, 2011 1:15am May 23, 2011 1:15am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #446,714
- May 23, 2011 1:19am May 23, 2011 1:19am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
Markets are not Random, they are designed!
- #446,715
- May 23, 2011 1:20am May 23, 2011 1:20am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #446,717
- May 23, 2011 1:23am May 23, 2011 1:23am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #446,718
- May 23, 2011 1:23am May 23, 2011 1:23am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
OMG， how wonderful today is .AUD is more sexy than girls . 
closed my short positions and have a rest ,too tired .i got up 5 o'clock (GMT+8) today .
closed my short positions and have a rest ,too tired .i got up 5 o'clock (GMT+8) today .
A chart helps those who can read it.
- #446,719
- May 23, 2011 1:24am May 23, 2011 1:24am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #446,720
- May 23, 2011 1:24am May 23, 2011 1:24am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
I only have a few minor intraday numbers in that area, 3965...3910 is a monthly...I expect we will also see the usual barrier protection just north of 4000 also, but if that goes, well could be like a giant toilet getting flushed, s/be an interesting session, good luck...
Markets are not Random, they are designed!