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EURUSD

  • #446,701
  • May 22, 2011 10:47pm May 22, 2011 10:47pm
  •  mrmat
  • | Joined Sep 2010 | Status: One day I shall leave the temple | 131 Posts
Sitting on the edge of the cliff here..
  • #446,702
  • May 22, 2011 10:49pm May 22, 2011 10:49pm
now, the daily chart looks interesting:

Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 55 KB
  • #446,703
  • May 22, 2011 10:50pm May 22, 2011 10:50pm
  •  mrmat
  • | Joined Sep 2010 | Status: One day I shall leave the temple | 131 Posts
Cable n euro both sittin on Major levels 1.406 and cable is in a major mofu (if i can borrow the term) zone... 1.419- 1.4165 pretty big levels..

I'm hopin we capitulae when London opens the hatch..
  • #446,704
  • May 22, 2011 10:53pm May 22, 2011 10:53pm
Quoting mrmat
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!!
  • #446,705
  • May 22, 2011 10:54pm May 22, 2011 10:54pm
pardon my noobness, what's 'mofu'? thanks..
  • #446,706
  • May 22, 2011 10:56pm May 22, 2011 10:56pm
Quoting gatorinla
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 !
  • #446,707
  • May 22, 2011 10:57pm May 22, 2011 10:57pm
  •  mrmat
  • | Joined Sep 2010 | Status: One day I shall leave the temple | 131 Posts
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
  • #446,708
  • May 22, 2011 10:58pm May 22, 2011 10:58pm
Quoting Cerber.bf2
pardon my noobness, what's 'mofu'? thanks..
same question here..
To Your Success!!
  • #446,709
  • May 22, 2011 10:59pm May 22, 2011 10:59pm
Quoting T.E.Lawrence
and weekly chart:

Attachment
here is mine

Its daily but looks like your Weekly..

MOFU is an abreviation for Mother F*****!!
Attached Image (click to enlarge)
Click to Enlarge Name: CORRECTION.jpg Size: 96 KB
Markets are not Random, they are designed!
  • #446,710
  • May 22, 2011 11:08pm May 22, 2011 11:08pm
Quoting mrmat
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
Area where u lost pips is 'mofu'. otherwise it's 'tofu' i.e. good for your wellbeing.
  • #446,711
  • May 22, 2011 11:13pm May 22, 2011 11:13pm
sticky business expected, think I'll look for 4025 to give way, and play for 3910...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 17 KB
Look Sharp/Trade Tight
  • #446,712
  • May 22, 2011 11:15pm May 22, 2011 11:15pm
Quoting PayTheLimit
sticky business expected, think I'll look for 4025 to give way, and play for 3910...
1.3967-58...THEN 1.3905...imo...
Attached Image (click to enlarge)
Click to Enlarge Name: Skewed triangle.jpg Size: 92 KB
Markets are not Random, they are designed!
  • #446,713
  • May 22, 2011 11:18pm May 22, 2011 11:18pm
Seeing it fall to 4010 for sure...
MM
  • #446,714
  • May 22, 2011 11:19pm May 22, 2011 11:19pm
Quoting Raza
1.3967-58...THEN 1.3905...imo...
part#2 of the Mofu
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Click to Enlarge Name: PART#2.jpg Size: 158 KB
Markets are not Random, they are designed!
  • #446,715
  • May 22, 2011 11:20pm May 22, 2011 11:20pm
Quoting Raza
1.3967-58...THEN 1.3905...imo...
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...
Look Sharp/Trade Tight
  • #446,716
  • May 22, 2011 11:21pm May 22, 2011 11:21pm
Finally pulled 15 pips out, thats about a pip for every 15 min candle I've watched go by
  • #446,717
  • May 22, 2011 11:23pm May 22, 2011 11:23pm
Quoting PayTheLimit
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...
We sitting pretty close to 100 off London Lows from Friday...

Gulp....

And just a touch lower then last weeks lows...

Not saying we looking atta buy here, but might see some reaction...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #446,718
  • May 22, 2011 11:23pm May 22, 2011 11:23pm
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 .
A chart helps those who can read it.
  • #446,719
  • May 22, 2011 11:24pm May 22, 2011 11:24pm
also watching cable, still looking for 5999, could be supported off of EUR/GBP, but never the less, I'll look for shorts on a break of 6140...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 16 KB
Look Sharp/Trade Tight
  • #446,720
  • May 22, 2011 11:24pm May 22, 2011 11:24pm
Quoting PayTheLimit
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...
1.4293 is a hardcore resistence now...IMO..

Markets are not Random, they are designed!
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