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EURUSD

  • #593,381
  • Feb 8, 2012 11:35pm Feb 8, 2012 11:35pm
Quoting tashkent
I remember that. you were not that sure though. and i remember that at around 1.327 you were predicting downtrend.
  • #593,382
  • Feb 8, 2012 11:37pm Feb 8, 2012 11:37pm
Morning to all..despite of all other factors..
On 15M Aussi Eu Cable all are on limits of the channel and close R lines,, so shorting is an option since we not break up the r lines and the pivot from cable..( 15 M)
" Accepting losses is the most important single investment devise "
  • #593,383
  • Feb 8, 2012 11:39pm Feb 8, 2012 11:39pm
it will go up for next hours but dont know how long it will go
  • #593,384
  • Feb 8, 2012 11:43pm Feb 8, 2012 11:43pm
It is always good to place sell trade at the top of the trend called buying climax; How do you know when a trade is at it buying climax?

1.look at for an upthrust bar on any timeframe but the higher the TF the strong the support and resistance.

2. The volume must be high or ultra high

3.The bar must be an upbar closing low. The lower the low the stronger the supply

It is also good to place s buy trade at the bottom of the trend called the selling climax. How do you know the selling climax?

1. look out for a stopping volume or absorbing volume or a Shake-out bar
  • #593,385
  • Edited Feb 9, 2012 12:03am Feb 8, 2012 11:53pm | Edited Feb 9, 2012 12:03am
Quoting KiwiTrada
Yup is testing utl of ascend channel (bear flag 30min) now, BO up is flag fail, go down is play channel until BO down,

will get chart soon same as last nights break down fail 1ist try
we breaking back under resistance now...

london in 10mins

(if this level holds we may see some further up)
Patience, Emotion Control and Discipline.
  • #593,386
  • Feb 8, 2012 11:57pm Feb 8, 2012 11:57pm
falling right now..is there any news?
  • #593,387
  • Feb 8, 2012 11:57pm Feb 8, 2012 11:57pm
I have the feeling that i'm playing dices if i'm making a transaction these days.
I thought that it will go up to 1.334* but it seems that it's going to the other direction....very confused. Yesterday was like s**t.
Am i wrong?
  • #593,388
  • Feb 8, 2012 11:58pm Feb 8, 2012 11:58pm
looking for 1H candle pattern ..... it should close below where it started from the previous hour.... that will give a strong bearish signal..... bears should have jumped the bandwagon < @3385
  • #593,389
  • Feb 9, 2012 12:02am Feb 9, 2012 12:02am
Quoting aamit
looking for 1H candle pattern ..... it should close below where it started from the previous hour.... that will give a strong bearish signal..... bears should have jumped the bandwagon < @3385
It might be an upward candle considering the price action from yesterday and today....it's like a virgin....realy. I'd love to, but not right now, yes, no,yes, no....and in the mean time you get the big nuts!
  • #593,390
  • Feb 9, 2012 12:07am Feb 9, 2012 12:07am
Quoting ingmarforex
I think i start accumalating some longs
I think i do the opposite now
Attached Image
  • #593,391
  • Feb 9, 2012 12:11am Feb 9, 2012 12:11am
so it's time to sell or buy?
  • #593,392
  • Feb 9, 2012 12:11am Feb 9, 2012 12:11am
THAT is what I call decisive trading, take longs and shorts
  • #593,393
  • Feb 9, 2012 12:11am Feb 9, 2012 12:11am
I just want to double check whether I am looking at the same resistance with fellow trader

Resistance line @13287 ?

Please do correct me if I am wrong

Thank You
  • #593,394
  • Feb 9, 2012 12:12am Feb 9, 2012 12:12am
The bear is out.
  • #593,395
  • Feb 9, 2012 12:13am Feb 9, 2012 12:13am
Let's see how it'll react at 1,3160...a break of it could lead to 1,3200
COT: The precious data ignored
  • #593,396
  • Feb 9, 2012 12:14am Feb 9, 2012 12:14am
You all talk bullshit why??
  • #593,397
  • Feb 9, 2012 12:18am Feb 9, 2012 12:18am
lotsa chit chat seemed to be long on eur (esp after latest news announcements) but its tumbling down nicely, any explanation from the seasoned traders?
  • #593,398
  • Feb 9, 2012 12:20am Feb 9, 2012 12:20am
Quoting kuroro001
Let's see how it'll react at 1,3160...a break of it could lead to 1,3200
Did u mean 3260?
  • #593,399
  • Feb 9, 2012 12:21am Feb 9, 2012 12:21am
Quoting kuroro001
Let's see how it'll react at 1,3160...a break of it could lead to 1,3200
I fail to understand this. The price is currently at 1.3278. Why are u talking about a bullish break of 3160 breaking to the upside. OR am I missin somethin here?
PRICE ACTION is the only real time indicator.
  • #593,400
  • Feb 9, 2012 12:23am Feb 9, 2012 12:23am
Now it's almost back to where it was before.
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