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  • #589,041
  • Jan 27, 2012 8:27am Jan 27, 2012 8:27am
Quoting Mr.MaginCole
Looking for an opportunity to go long. I am thinking of 1.3080 or something.
Never think of buying at that level. This shit would have already be heading towards where it belongs...In hell.
  • #589,042
  • Jan 27, 2012 8:28am Jan 27, 2012 8:28am
Quoting Mr.MaginCole
Looking for an opportunity to go long. I am thinking of 1.3080 or something.
Hopefully new lows to start the "long" process!
COT: The precious data ignored
  • #589,043
  • Jan 27, 2012 8:29am Jan 27, 2012 8:29am
to me long is only when 3170-80 resistance is broken and short if 3070-80 is broken. So for me its a range Big boys are playing for now. No trend movement yet. Wait and have patience. I think there shud be one because yesterday's range was way below avg daily range (10)
  • #589,044
  • Jan 27, 2012 8:30am Jan 27, 2012 8:30am
You could not trade this pair at the moment, no real direction. Expecting a long again now as poorer than expected GDP will have QE3 in the minds again
  • #589,045
  • Jan 27, 2012 8:30am Jan 27, 2012 8:30am
IF it does turn around and starts heading South, I see 1.3000 and 1.2955 as possible TP levels. Anyway, long-term market bias is still bullish for me.
  • #589,046
  • Jan 27, 2012 8:31am Jan 27, 2012 8:31am
Quoting forexripper
to me long is only when 3170-80 resistance is broken and short if 3070-80 is broken. So for me its a range Big boys are playing for now. No trend movement yet. Wait and have patience. I think there shud be one because yesterday's range was way below avg daily range (10)
Hmmm to trade breakouts may be in this case to be bad decision
  • #589,047
  • Jan 27, 2012 8:31am Jan 27, 2012 8:31am
I am done for today... this shit isn't moving. Took 22 pips today. I am out until monday. Great weekend everyone!
  • #589,048
  • Jan 27, 2012 8:33am Jan 27, 2012 8:33am
hey guys...help out a newbie please....is that a shooting star I see on the daily chart...and if that is what I think it is...would it mean a trend reversal is pending...maybe not today for next week?
  • #589,049
  • Jan 27, 2012 8:37am Jan 27, 2012 8:37am
Quoting TraderNazz
hey guys...help out a newbie please....is that a shooting star I see on the daily chart...and if that is what I think it is...would it mean a trend reversal is pending...maybe not today for next week?
Take a look at my reference: http://stockcharts.com/school/doku.p...stick_pattern_

BTW, to confirm a pattern you need the candle to close first.

From newbie to newbie, LOL.
  • #589,050
  • Jan 27, 2012 8:39am Jan 27, 2012 8:39am
The rat is just trying to eat all the stops. Will continue it way to the south.
  • #589,051
  • Jan 27, 2012 8:39am Jan 27, 2012 8:39am
WTF?! 500 points in 10 sec??
  • #589,052
  • Jan 27, 2012 8:40am Jan 27, 2012 8:40am
Quoting Rivid
WTF?! 500 points in 10 sec??
I took profit on the way down and lost it on the way up
  • #589,053
  • Jan 27, 2012 8:41am Jan 27, 2012 8:41am
hop full
Attached Image (click to enlarge)
Click to Enlarge Name: longON27jan1549GMT.jpg Size: 198 KB
  • #589,054
  • Jan 27, 2012 8:41am Jan 27, 2012 8:41am
Well, maybe the big boys thinks there should be a sell of today and it means they should bring price up first. Or maybe the deal on euro bond closed, just maybe.

Edit: Take a look at this http://www.marketwatch.com/story/us-...ase-2012-01-26
  • #589,055
  • Jan 27, 2012 8:44am Jan 27, 2012 8:44am
Quoting Rivid
WTF?! 500 points in 10 sec??
500? :-)) 50. :-)
  • #589,056
  • Jan 27, 2012 8:44am Jan 27, 2012 8:44am
Quoting Passerby
Well, maybe the big boys thinks there should be a sell of today and it means they should bring price up first. Or maybe the deal on euro bond closed, just maybe.

or they would make the herd to believe that there are coming some huge news after 8 minutes
  • #589,057
  • Jan 27, 2012 8:45am Jan 27, 2012 8:45am
Quoting Passerby
Take a look at my reference: http://stockcharts.com/school/doku.p...stick_pattern_

BTW, to confirm a pattern you need the candle to close first.

From newbie to newbie, LOL.
thanks...and thanks for the link too
  • #589,058
  • Jan 27, 2012 8:46am Jan 27, 2012 8:46am
Hey TraderNazz

if u compare that bar to the rest u'd see its not that big

for a trend reversal we'd need some sort of PA which literally screams at us

also note that its worth waiting for the PA to form, and then see what the retrace gives us before selling

if u look at the monthly TF ull see the 1323 is a big level so u r right to look to sell

does this make sense?

Anthony

Quoting TraderNazz
hey guys...help out a newbie please....is that a shooting star I see on the daily chart...and if that is what I think it is...would it mean a trend reversal is pending...maybe not today for next week?
  • #589,059
  • Jan 27, 2012 8:46am Jan 27, 2012 8:46am
another news in 10 mins ,not a good day for trading
Mohan
  • #589,060
  • Jan 27, 2012 8:48am Jan 27, 2012 8:48am
Quoting Henryk
500? :-)) 50. :-)
50 pips = 500 points for me if im wrong sry
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