Is there no chance for EU to bounce at all from 1.3080 area?
- #627,662
- Apr 18, 2012 5:09am Apr 18, 2012 5:09am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
When life gives you lemons, make lemonade
- #627,663
- Apr 18, 2012 5:10am Apr 18, 2012 5:10am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
- #627,665
- Apr 18, 2012 5:15am Apr 18, 2012 5:15am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
a tip for every newbie here..
for a better trading decision, use Heikenashi candels and the normal candles..
for a better trading decision, use Heikenashi candels and the normal candles..
- #627,666
- Apr 18, 2012 5:15am Apr 18, 2012 5:15am
- | Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Trade What You See Not What You Want To See
- #627,668
- Apr 18, 2012 5:16am Apr 18, 2012 5:16am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan 
- #627,671
- Apr 18, 2012 5:21am Apr 18, 2012 5:21am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
I see that 5970 level acted as resistance in the past, but what's the difference in terminology res/mofu? Is mofu some how calculated?
let say for example 5970 was rejected twice for upside, but the pair will not move dowside and will try again and again to cross it and fails..
the trader will mostly buy it, because they get a feeling, the breakout will come soon.. and sooner or later it falls from there and the buyers will be fooled there..
i hope u understand... i couldnt explain it better or easier
- #627,674
- Apr 18, 2012 5:25am Apr 18, 2012 5:25am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
im long at 92 from this morning
but that made me laugh
well better not trade until we get direction, but good luck
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When life gives you lemons, make lemonade
- #627,677
- Apr 18, 2012 5:28am Apr 18, 2012 5:28am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I see that 5970 level acted as resistance in the past, but what's the difference in terminology res/mofu? Is mofu some how calculated?
Some bigger players can have orders for months at these levels so when you find one keep a history of it,
Yes gator use them often, he very very accurate, down to fraction pip, another trader is ptl, they very good traders, and been helping new and old traders on ff for many years,
this one was MOFU but I change for today to mofu, because news abuse it, but she is trying to pull cable back, is still no confirmation until get 30 close below, this may get stronger with 1hr close below then 4hr etc, everytime get close can go to next time frame and work that chart,
sorry babble, still waiting 30 close below her
If you are new to Forex? Say Goodbye to your account!!
- #627,678
- Apr 18, 2012 5:33am Apr 18, 2012 5:33am
- Joined Mar 2008 | Status: Fooled by randomness | 8,361 Posts
i will try to take a long @ 3065 targeting beyond 3400, i know its early to say but we can target there
thank you
my stops under 2974
When life gives you lemons, make lemonade
- #627,679
- Apr 18, 2012 5:33am Apr 18, 2012 5:33am
- | Joined Mar 2012 | Status: Life is Tough so you gotta be Rough | 17 Posts
a tip for every newbie here..
for a better trading decision, use Heikenashi candels and the normal candles..
- #627,680
- Apr 18, 2012 5:34am Apr 18, 2012 5:34am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
mohan is be polite, mofu it is mother *((*^&^ek level, they born in monthly charts can be very old, then gradually refined down the time frames they have been good resist become good support over and over etc etc, although this shows they can break, like any level, but the battles for these levels are fought very hard, both seller and buyer want them, these are market movers, big players, when you get them fighting for the same level you need to know, they can pay very good dividends,
Some bigger players can have orders for months at these levels...
is why ladies bobble about going nowhere, if swissy go we might have special moment tonight
If you are new to Forex? Say Goodbye to your account!!