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EURUSD

  • #574,541
  • Dec 14, 2011 3:20am Dec 14, 2011 3:20am
+5 short...entry @4:16 est exit @4:20...GO FIGURE!! Break Time!!
  • #574,542
  • Dec 14, 2011 3:20am Dec 14, 2011 3:20am
this is one of those days where you make 5-10 pips all morning and then 200 in the afternoon, i'm loving the dance down here..the pound is setting up pretty nicely as well
Guard your pips jelously
  • #574,543
  • Dec 14, 2011 3:21am Dec 14, 2011 3:21am
shorted at 1.3050 with SL of 5pips. Take profit if price action fails to break and starts to bounce back from 1.3005 support.
  • #574,544
  • Dec 14, 2011 3:21am Dec 14, 2011 3:21am
false breakout of 47 pips done.
  • #574,545
  • Dec 14, 2011 3:21am Dec 14, 2011 3:21am
Hopefully a triple bottom is underway..
  • #574,546
  • Dec 14, 2011 3:22am Dec 14, 2011 3:22am
Quoting MaxDoom
I think one mans retracement can be anothers trend depends on the TF you look at.

The weekly chart position mooted a couple of posts back for instance I have shown a fibo of around 80% against the recent swing. The other poster has shown 61.8% against a partial swing but if you show that whole swing then you actually only get to 38.2% (see chart)

Now a retracement is more likely to end between 38 & 62% and normally has a more significant overlaping of the swings/waves.

So on the weekly you could say this move has only just reached the earliest...
yes doom... thanks for clarifying. i think now level is very very important for us both buyer/sellers
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #574,547
  • Dec 14, 2011 3:23am Dec 14, 2011 3:23am
Quoting Nachiket
she is still underwater.
This is very much true.
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"Pippin aint easy"
  • #574,548
  • Dec 14, 2011 3:25am Dec 14, 2011 3:25am
Quoting bdsilvano
yes doom... thanks for clarifying. i think now level is very very important for us both buyer/sellers

definately, I think if 1.30 gives then is should be a fairly easy ride to 1.29 equally there must be a pile of stops above the current action probably around 3065
  • #574,549
  • Dec 14, 2011 3:27am Dec 14, 2011 3:27am
Quoting bdsilvano
yes motion you are correct. im also waiting for that big 1.3
really don't know about 1.3 yet, but I mean I'm waiting 3056. Someone please tell 21vs7 to stop hitting the sell button!
Don't just beat the markets, leave bruises.
  • #574,550
  • Dec 14, 2011 3:29am Dec 14, 2011 3:29am
Quoting MaxDoom
I think one mans retracement can be anothers trend depends on the TF you look at.

The weekly chart position mooted a couple of posts back for instance I have shown a fibo of around 80% against the recent swing. The other poster has shown 61.8% against a partial swing but if you show that whole swing then you actually only get to 38.2% (see chart)

so all relative to the TF and data you look at but hopefully you get my drift.
when did 80% make it into the fib levels???
Don't just beat the markets, leave bruises.
  • #574,551
  • Dec 14, 2011 3:30am Dec 14, 2011 3:30am
Major NY investment bank linked to sell interest at
$1.3050, which has capped recent recovery move. Rate trades back at
$1.3038.
  • #574,552
  • Dec 14, 2011 3:30am Dec 14, 2011 3:30am
Quoting MaxDoom
I think one mans retracement can be anothers trend depends on the TF you look at.

The weekly chart position mooted a couple of posts back for instance I have shown a fibo of around 80% against the recent swing. The other poster has shown 61.8% against a partial swing but if you show that whole swing then you actually only get to 38.2% (see chart)

Now a retracement is more likely to end between 38 & 62% and normally has a more significant overlaping of the swings/waves.

So on the weekly you could say this move has only just reached the earliest...
Yes it does clarify thank you max...but i was under the impression you were short now but on your chart it shows buy posistions or did i misread a earlier post ??? Excellent way of putting that in perspective. Ive enjoyed reading from you and several of the guys in here
"Pippin aint easy"
  • #574,553
  • Dec 14, 2011 3:31am Dec 14, 2011 3:31am
Quoting Motion
when did 80% make it into the fib levels???
  • #574,554
  • Dec 14, 2011 3:31am Dec 14, 2011 3:31am
very positive GBP news... might affect EUR/USD pair also
  • #574,555
  • Dec 14, 2011 3:32am Dec 14, 2011 3:32am
We are also at a major psychological levels i would think it will dip down again before any retracement but then again doesn't seem to be respecting anything at the moment if it doe's retrace then hopefully back up to 3212 level
  • #574,556
  • Dec 14, 2011 3:33am Dec 14, 2011 3:33am
Quoting Motion
when did 80% make it into the fib levels???

lol it didn't but price is currently between 61.8 & 100 therefore about 80% in value. definately not trying to introduce an modernised DoomFibo system...

or maybe this could be my famouse 15 minutes
  • #574,557
  • Dec 14, 2011 3:35am Dec 14, 2011 3:35am
Quoting MaxDoom
definately, I think if 1.30 gives then is should be a fairly easy ride to 1.29 equally there must be a pile of stops above the current action probably around 3065

Imagine a pile of stops under 1,30!

there were a pile of orders on 1,3140 and we will see this rate somewhere next week I guess!? Later on we saw a move downthere to 1,3085 where a lot of orders were filled (SL and entries)!

We have moved 27,33 pips in last 13 hours here. After a fall of 1600 pips here...Could we get another 200 there? Rather that as for I risk none of those pennyss on upside.
__________________________________________________________
Sitting firm!
  • #574,558
  • Dec 14, 2011 3:35am Dec 14, 2011 3:35am
Quoting Buitragojl
Yes it does clarify thank you max...but i was under the impression you were short now but on your chart it shows buy posistions or did i misread a earlier post ??? Excellent way of putting that in perspective. Ive enjoyed reading from you and several of the guys in here

I am short I took a temp long to hedge my shorts when the price went up

I have shorts stacked from 3035 to 3018 looking for 1.29
  • #574,559
  • Dec 14, 2011 3:37am Dec 14, 2011 3:37am
That goat looks alot smarter then this guy
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"Pippin aint easy"
  • #574,560
  • Dec 14, 2011 3:37am Dec 14, 2011 3:37am
I think a little correction is possible now, it has bounced by 1.30, what you guys think?
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What does the world cost? A shit, so sell it!
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