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  • #566,581
  • Nov 27, 2011 9:27pm Nov 27, 2011 9:27pm
Quoting mohan76
sos news imf italy news not creditble
buy the news, sell the fact lol. And it reacted right on kiwi's 1.3333. Must be laughing all the way to the bank
  • #566,582
  • Nov 27, 2011 9:28pm Nov 27, 2011 9:28pm
Quoting 3in1coffee
buy the news, sell the fact lol. And it reacted right on kiwi's 1.3333. Must be laughing all the way to the bank
my short had 10 pip tp
Mohan
  • #566,583
  • Nov 27, 2011 9:29pm Nov 27, 2011 9:29pm
Quoting bdsilvano
for those people whom waiting for the gaps be filled. well as far as I know, it wont... today is the reversal trend for euro until next month.. EURO long. the euro is way oversold already. please follow price action. this level is great great to buy it.
How did you come up with reversal trend?
  • #566,584
  • Nov 27, 2011 9:30pm Nov 27, 2011 9:30pm
but didn't you say you had a short position in? if so that would of been about 10-15 pips up right?

notice how its trading the range? I just caught 22 pips off that move just then

Why not try it on a demo, once u get the hang of it u'll see what I mean

Quoting happytrader
3 all losing, damn it.
  • #566,585
  • Nov 27, 2011 9:31pm Nov 27, 2011 9:31pm
Quoting mohan76
my short had 10 pip tp
at least you had 10pip tp. I removed my sell limit on 1.33305 minutes before it plunged. Better luck next time I guess..
  • #566,586
  • Nov 27, 2011 9:31pm Nov 27, 2011 9:31pm
Quoting happytrader
3 all losing, damn it.
Already? :o
  • #566,587
  • Nov 27, 2011 9:32pm Nov 27, 2011 9:32pm
must be one of FXBabe's supporters

Quoting pkimnyc
How did you come up with reversal trend?
  • #566,588
  • Nov 27, 2011 9:33pm Nov 27, 2011 9:33pm
The eur/usd have down.
  • #566,589
  • Nov 27, 2011 9:34pm Nov 27, 2011 9:34pm
Quoting Halifax
Do you mind stating how you define your entries? I suppose what I want to know is whether you pay any attention to momentum. I've found a lot more success in waiting for a strong momentum candle to break a S/R level then entering with the trend. If the candle just sort of meanders past a level, I won't act on it.

And by that I mean a longish candle with little to no wick in the direction of the momentum. I think if you follow these candles closely you will not get caught in consolidation zones so easily as they signal the breakout from the...
first i look at the s/r level and wait for signals from the candle sticks, like hanging man , bullish engulfing candle etc...
  • #566,590
  • Nov 27, 2011 9:37pm Nov 27, 2011 9:37pm
posted 1hour before the dip....

Quoting tankokjian
Current Baised

Scalp : Short 10-15pips
Intra : Long
Long Term : Bearish
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  • #566,591
  • Nov 27, 2011 9:37pm Nov 27, 2011 9:37pm
Quoting SystemFX2011
must be one of FXBabe's supporters
Don't get me wrong... I've seen couple of people who can predict reversal dates with fair amount of accuracy. Was just curious to know which method he was going by.
  • #566,592
  • Nov 27, 2011 9:42pm Nov 27, 2011 9:42pm
I was joking

Reversal is imminent, however I don't see this happening until around 1.3150 ish level - demand area...

Quoting pkimnyc
Don't get me wrong... I've seen couple of people who can predict reversal dates with fair amount of accuracy. Was just curious to know which method he was going by.
For those who are saying Euro is way over sold, well it's actually way over priced, it shouldn't be at this level... fair price for e/u is around 1.1800 near early may 2010; another demand area
  • #566,593
  • Nov 27, 2011 9:42pm Nov 27, 2011 9:42pm
Quoting happytrader
first i look at the s/r level and wait for signals from the candle sticks, like hanging man , bullish engulfing candle etc...
Daily res is ar'd 3430ish area. You might wanna skip everything else and try it there.
  • #566,594
  • Nov 27, 2011 9:43pm Nov 27, 2011 9:43pm
Quoting pkimnyc
Already? :o
You're too funny
New voice message: Why are you calling me? If I need you, I'll call you!
  • #566,595
  • Nov 27, 2011 9:44pm Nov 27, 2011 9:44pm
market is awaiting imf to take action. you got to understand how imf works before long when people gave up hope , this is when imf starts building up again.

Quoting SystemFX2011
I was joking

Reversal is imminent, however I don't see this happening until around 1.3150 ish level - demand area...



For those who are saying Euro is way over sold, well it's actually way over priced, it shouldn't be at this level... fair price for e/u is around 1.1800 near early may 2010; another demand area
  • #566,596
  • Nov 27, 2011 9:44pm Nov 27, 2011 9:44pm
Quoting SystemFX2011
I was joking

Reversal is imminent, however I don't see this happening until around 1.3150 ish level - demand area...



For those who are saying Euro is way over sold, well it's actually way over priced, it shouldn't be at this level... fair price for e/u is around 1.1800 near early may 2010; another demand area
Me too. Price is still under daily res.
  • #566,597
  • Nov 27, 2011 9:47pm Nov 27, 2011 9:47pm
Quoting happytrader
first i look at the s/r level and wait for signals from the candle sticks, like hanging man , bullish engulfing candle etc...
Hi,

My first interpretion is ur using small timeframe to enter, try go larger timeframe say 1H and above, and dont panic, you cant catch every candle and dont try to catch every candle.
Trade what you see. Write what you feel
  • #566,598
  • Nov 27, 2011 9:48pm Nov 27, 2011 9:48pm
Quoting SystemFX2011
I was joking

Reversal is imminent, however I don't see this happening until around 1.3150 ish level - demand area...



For those who are saying Euro is way over sold, well it's actually way over priced, it shouldn't be at this level... fair price for e/u is around 1.1800 near early may 2010; another demand area
if I may ask, what theory are you basing your assumption on? we might be going there, but we still haven't break the 1.3 level, why assume 1.18, unless you're a position trader.

My expectation is, there will be a reversal at about 1.3 area (which is at current level) due to last leg down.

I know it's still too soon to talk about change of trend, but i think the pair is due for a major correction. Unless you're expecting the pair will break without any retracement..
  • #566,599
  • Nov 27, 2011 9:49pm Nov 27, 2011 9:49pm
Thanks for the unassisted request for some help...

I know how this stuff works just fine my friend; with the aid of 2 market markers and one guy who works for a bank sending me numbers to crunch to work out what's going to happen

FYI...I'm already up over 180 pips today on this pair alone...

Do good stuff

Steve

Quoting tankokjian
market is awaiting imf to take action. you got to understand how imf works before long when people gave up hope , this is when imf starts building up again.
  • #566,600
  • Edited 10:03pm Nov 27, 2011 9:52pm | Edited 10:03pm
Quoting suthmo
Happy with that, short and covered. Lets see how far she can run. That 6am should have been 3am could go back to 3310 at that time. Going to bed Might support here 3280 for the IMF Rumor rally.
Stopper out BE. Time to try another short. I do still show another touch of 3310 at 6am so could be 2 hours before we get a descent down move. Looks like another 3280 bounce in the mean time.
Founder of Sutherland Wave Principle
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