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  • #551,201
  • Oct 17, 2011 9:16am Oct 17, 2011 9:16am
I am with you on this one.
Quoting micho
well yeah the word risky is relative. it depends if you want to lose or win... you can do whatever you want anyway...
It's easy to be humbled but hard to be humble.
  • #551,202
  • Oct 17, 2011 9:26am Oct 17, 2011 9:26am
reasoning and charts were posted a few posts back. chart too.

as to the point of posting buy or sell, that's your view, that i respect. my is the opposite: i do find it interesting to know what my fellow traders (the ones whose view is relevant for me) are reading from their charts.

and when their view are opposite to mine i don't call it horse crap because, unfortunately, i am not always right.

green pips


Quoting DrLobo
There is no point saying BUY or SELL.
There would be "some" value in providing some analysis or a setup, but not seen that here in some time.
dreams do come true.
  • #551,203
  • Oct 17, 2011 9:31am Oct 17, 2011 9:31am
Who said the trend is down? Just because it dropped 100 pips doesn't make it so. It seems up to me...

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  • #551,204
  • Oct 17, 2011 9:39am Oct 17, 2011 9:39am
and even if it did turn why can't it go back to validate the broken tl?

everytime we drop some we are going to parity. then it goes up some and 1.6 is on the way...

either we break up convincingly or i'll close it with what i have. 5m looks wedgy.

Quoting attila
Who said the trend is down? Just because it dropped 100 pips doesn't make it so. It seems up to me...

Attachment
dreams do come true.
  • #551,205
  • Oct 17, 2011 9:44am Oct 17, 2011 9:44am
Quoting Myrza
Tight compression in Loony and swissy look like it is going to be yummy very soon
talk bout them, look at cable, kindof a bearish pennant ready to drop.

gold is off and selling, and everything esle... isnt. maybe silver is.


"There is no point saying BUY or SELL.
There would be "some" value in providing some analysis or a setup, but not seen that here in some time"

thumbs up to this guy.
Have I got something on my face, SOLDIER?
  • #551,206
  • Oct 17, 2011 10:00am Oct 17, 2011 10:00am
Quoting attila
Who said the trend is down? Just because it dropped 100 pips doesn't make it so. It seems up to me...

Attachment
Hi Attila... We didn't agree on Friday when I suggested selling at 3890, but we do now. I hope to see 3725 and maybe 3685, but if we get there, we should see a good few pips to collect on the long side.
  • #551,207
  • Oct 17, 2011 10:02am Oct 17, 2011 10:02am
not really.
depends on the tf that you use to trade.


Quoting attila
Who said the trend is down? Just because it dropped 100 pips doesn't make it so. It seems up to me...

Attachment
  • #551,208
  • Oct 17, 2011 10:04am Oct 17, 2011 10:04am
Quoting DrLobo
not really.
depends on the tf that you use to trade.
I trade all, but the one I showed is the master.
  • #551,209
  • Oct 17, 2011 10:17am Oct 17, 2011 10:17am
Quoting attila
I trade all, but the one I showed is the master.
ah one of the problems with trading TL is that they are subjective on how they are drawn.
When I draw mine I see the bottom TL is broken.
Anyway according to your own chart, I guess you are 40 pips from turning bearish ?

Real tricky time.
  • #551,210
  • Oct 17, 2011 10:53am Oct 17, 2011 10:53am
I see up to 1.38 .... down maybe tomorrow.
Only my opinion without a special chart.
  • #551,211
  • Oct 17, 2011 10:58am Oct 17, 2011 10:58am
Just when I was about to give up on the EURO today. I wake up and lo, the bulls trying to keep the bears from continuing. Take it or leave it, this hour closes below 3758 and I'm in! Short!
Attached Image (click to enlarge)
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Don't just beat the markets, leave bruises.
  • #551,212
  • Oct 17, 2011 11:02am Oct 17, 2011 11:02am
When the price drop for hundreds pips or up hundreds pips doesnt mean we are bear or bull yet..Its to early to give a call,Maybe my view have problem lately but I dont see any bearish sign yet..maybe for another 2-3 days..Its Normal we are going down for hundreds pips since we are started going up from 131
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #551,213
  • Oct 17, 2011 11:03am Oct 17, 2011 11:03am
damn! Can't believe the bears just allowed the bulls to squeeze them!
Don't just beat the markets, leave bruises.
  • #551,214
  • Oct 17, 2011 11:09am Oct 17, 2011 11:09am
3680s can be achieved .

in fact it could be a short target for some of the sellers.

its the long term that is not clear yet.
I still prefer north on long term but can't bet money on it yet.

intraday trades doesn't worth the mention.
I SEE YOU !!
  • #551,215
  • Oct 17, 2011 11:09am Oct 17, 2011 11:09am
It seems perfectly reasonable that this is the case since we've just ended up in a newly established bullish trend on the 4H and the price right now is finding support around the EMA 20 where price action has slowed down a bit. I think it's too early to rule out another possible upmove but the real question to me is if there is one how high will it actually go.

Same thing is happening on several of the USD currency pairs. They all retraced this morning from their respective trendlines back to the EMA 20s on the 4H charts.
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  • #551,216
  • Oct 17, 2011 11:13am Oct 17, 2011 11:13am
Hi, this is my outlook - I bought @ 1.3755 - sl 20 pips:
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  • #551,217
  • Oct 17, 2011 11:21am Oct 17, 2011 11:21am
Quoting FXMindset
When the price drop for hundreds pips or up hundreds pips doesnt mean we are bear or bull yet..Its to early to give a call,Maybe my view have problem lately but I dont see any bearish sign yet..maybe for another 2-3 days..Its Normal we are going down for hundreds pips since we are started going up from 131
I still believe in the bulls too but not until 3496 to 3529 area is visited and holds. Which should take the next 3-4 days i.e the whole week. So on monday,the daily chart should look something more of a matured inverted H&S. Then I can start trusting the bulls. For now, I'm looking forward to the correction by the bears.

Just my own simple opinion. In life, nothing is sure, and so is price action.
Attached Image (click to enlarge)
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Don't just beat the markets, leave bruises.
  • #551,218
  • Oct 17, 2011 11:27am Oct 17, 2011 11:27am
Back, was away like 3 hours and nothing than rangeing here as thin as it can.

Better stay awake during Asia first hours, may test 1.37 if not before.

Oh well
They think they are smarter than I am.
  • #551,219
  • Oct 17, 2011 11:29am Oct 17, 2011 11:29am
Somebody is pushing hard not letting EU drop.
Make your losses in demo. Earn your profits live.
  • #551,220
  • Oct 17, 2011 11:30am Oct 17, 2011 11:30am
Quoting Z3iz3i
Back, was away like 3 hours and nothing than rangeing here as thin as it can.

Better stay awake during Asia first hours, may test 1.37 if not before.

Oh well
pathetic price action! I need a hobby. I coded for 2hrs - looking at charts nothing I want to sink my teeth into.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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