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  • #586,301
  • Jan 20, 2012 4:00am Jan 20, 2012 4:00am
We're at a key area in the 1.29 to 1.2877ish area. A break back below the Daily falling TL can lead back to the lows.

More than likely a bounce here can give the longs more strenth to test 1.3075-80ish and upwards.
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  • #586,302
  • Jan 20, 2012 4:02am Jan 20, 2012 4:02am
Can someone exlpain to me what programs like Bloomberg uses as the open for the EU? They are still showing it up against the dollar and I can't see when they clock their start. Thanks. Just confusing when I hear it .
  • #586,303
  • Jan 20, 2012 4:05am Jan 20, 2012 4:05am
I think we already saw today low.
  • #586,304
  • Jan 20, 2012 4:07am Jan 20, 2012 4:07am
Quoting MaxDoom
looking for 1.2880 - 1.2900 off this move why?

unlikely that we have seen the top of the rally yet, most likely this is the top of a wave 3 of 5 pattern.

That being the case I would look for this pullback to be equal is size to the wave 2 pull back about 100 pips.

we shall see

EDIT: 2920 might prove a testing spot

target zone reached

61.8% retrace of yesterday low to todays high reached.

a little divergence on my chart.

tentative long taken will add as shes moves.

EDIT: and it was 96.1 pips on my chart
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  • #586,305
  • Jan 20, 2012 4:10am Jan 20, 2012 4:10am
knapofloof ap nocorochiam onno rialloppof ap knaiipi alo wop nog abi rochnog uta shuf pa pa lushuwashi com toro ab nogsist.
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  • #586,306
  • Jan 20, 2012 4:11am Jan 20, 2012 4:11am
Based on this recent PA...any move up should be shorted...first resistance 1,292x

First short target is 1,287x

Right now it's bouncing the upper side of the support 1,2890
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  • #586,307
  • Jan 20, 2012 4:12am Jan 20, 2012 4:12am
just got home , who killed my bull ? , let me see can it recover ?
Mohan
  • #586,308
  • Jan 20, 2012 4:13am Jan 20, 2012 4:13am
are you holding your early session Long still KW or had you exited earlier?
  • #586,309
  • Jan 20, 2012 4:13am Jan 20, 2012 4:13am
I do not want to go against the trend, but I'm trying the turning point, cot index to contracts for sale of 155,195 eur / usd, the market usually behaves like a rubber band, and history repeating itself look a likely rebound
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There is only one right price.... what the customer is willing to pay !
  • #586,310
  • Jan 20, 2012 4:14am Jan 20, 2012 4:14am
Quoting MaxDoom
target zone reached

61.8% retrace of yesterday low to todays high reached.

a little divergence on my chart.

tentative long taken will add as shes moves.

EDIT: and it was 96.1 pips on my chart
Just don't trust the long yet. I see it on the 5min. 1H, and $H are turning down. 4H is in between the 200 and 100 sma ATM. Could have the 285X area as a bear target yet.....
  • #586,311
  • Jan 20, 2012 4:14am Jan 20, 2012 4:14am
somebody actually thot t bull was gone kill t bear hahahahahaha the bears out.... what am i havin for lunf u guess???
  • #586,312
  • Jan 20, 2012 4:15am Jan 20, 2012 4:15am
Quoting mohan76
just got home , who killed my bull ? , let me see can it recover ?
It will recover, a little patience is needed.

My greatest wish .............. sometime in the future is visiting Australia and dive the Great Barrier Reef.
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  • #586,313
  • Jan 20, 2012 4:17am Jan 20, 2012 4:17am
Some one has said in the forum that divergence is not a signal. It can be signal based on the time frame and how you see the Indicator like rsi or cci compared to the price up or down and volume


Slope in Indicator and price rise can call for weakness in bull run or bear run

H1 Chart attached
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  • #586,314
  • Jan 20, 2012 4:20am Jan 20, 2012 4:20am
There is no need to guess what's gonna happen next.

Just wait for second 5min bottom for swing and see if it goes through or not.

With bullish div it would be 100% buy.

If breaks and closes below last swing, that would be short after retesting swing point and closing below.
They think they are smarter than I am.
  • #586,315
  • Jan 20, 2012 4:21am Jan 20, 2012 4:21am
Quoting jayjb
still holding until 1.2870
short from 1.2980 SL to 1.2970 (10pips covered)
short from 1.2950 SL to 1.2930 (20 pips covered)

will cover 1.2950 shorts if m5 trendline breaks
  • #586,316
  • Jan 20, 2012 4:21am Jan 20, 2012 4:21am
Quoting KillerWhale
It will recover, a little patience is needed.

My greatest wish .............. sometime in the future is visiting Australia and dive the Great Barrier Reef.
looks bear have some unfinished business , i am waiting for testing of 80
Mohan
  • #586,317
  • Jan 20, 2012 4:22am Jan 20, 2012 4:22am
imo this may just be a bullish pennant. i feel the market will climb higher especially if the greek psi is agreed this week/end. would feel uncomfortable taking out a position at this point in time.

I have decided that im going to stick to my rules

five clear rules

1. Do not scalp (im no good at it)
2. set clear take profit targets
3. learn to hold your positions and stick to your take profit targets
4. never jump into the market blindly - without doing research first and waiting ( there will always be opportunities in forex)
5. Do your own research - combination of technical and fundamental
  • #586,318
  • Jan 20, 2012 4:24am Jan 20, 2012 4:24am
Quoting ali_baba
imo this may just be a bullish pennant. i feel the market will climb higher especially if the greek psi is agreed this week/end. would feel uncomfortable taking out a position at this point in time.

I have decided that im going to stick to my rules

five clear rules

1. Do not scalp (im no good at it)
2. set clear take profit targets
3. learn to hold your positions and stick to your take profit targets
4. never jump into the market blindly - without doing research first and waiting ( there will always be opportunities in forex)
5. Do your own...
How about entry, stop loss placement, risk managment ?
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  • #586,319
  • Jan 20, 2012 4:25am Jan 20, 2012 4:25am
EURJPY enter at 99.783 Take profit at 99.54. Closed. Good pips.
  • #586,320
  • Jan 20, 2012 4:29am Jan 20, 2012 4:29am
I have a long that is up 1 pip at the moment, wonder if I should take this gain?
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