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  • #705,521
  • Oct 10, 2012 10:24pm Oct 10, 2012 10:24pm
Quoting joemiami
I smell the same thing, unless some type of good news suddenly appears(highly unlikely)
Way too fishy.
Time turns trend. - W.D. Gann
  • #705,522
  • Oct 10, 2012 10:24pm Oct 10, 2012 10:24pm
this market better drop. I'm getting whipsawed like a lil bitch over here.
  • #705,523
  • Oct 10, 2012 10:28pm Oct 10, 2012 10:28pm
Quoting TRMZXT
I doubt very seriously you are going to see 1.2920. Today was a high test of small ranging which means is going to go hard in the other direction usually. See last Wed as example when it refused to go down to break 75 no matter the good US data. It may but I highly doubt it.
Yeap, so you will see that trendline being tested at 1.2920. If the market wants to reject it one more time, you can always short at around that range with about 15 pips stop loss.
  • #705,524
  • Oct 10, 2012 10:31pm Oct 10, 2012 10:31pm
hello peoples, is a mixed bag tooday , pips for everyone
If you are new to Forex? Say Goodbye to your account!!
  • #705,525
  • Oct 10, 2012 10:42pm Oct 10, 2012 10:42pm
Quoting NoobInFX
Yeap, so you will see that trendline being tested at 1.2920. If the market wants to reject it one more time, you can always short at around that range with about 15 pips stop loss.

so we are going to go higher than yesterday? I guess anything is possible with news but without it I don't see it. Why do you have to restest a trend line today at that price? I don't see it going higher than yesterday. Sure it will be tested at some point but it will be lower than that in time.
  • #705,526
  • Oct 10, 2012 10:45pm Oct 10, 2012 10:45pm
Quoting ForExtraPips
Way too fishy.
  • #705,527
  • Oct 10, 2012 10:46pm Oct 10, 2012 10:46pm
Quoting KiwiTrada
hello peoples, is a mixed bag tooday , pips for everyone
is 4hs showing today zone as heavy demand zone ?
Mohan
  • #705,528
  • Oct 10, 2012 10:57pm Oct 10, 2012 10:57pm
Thinking of putting a buy stop @ 1.295x. If and when it breaks that, then it's all bulls.
Time turns trend. - W.D. Gann
  • #705,529
  • Oct 10, 2012 11:03pm Oct 10, 2012 11:03pm
Quoting mohan76
is 4hs showing today zone as heavy demand zone ?

last asian level just print looking to short, satrt with aussie 90 and ac now to 0100 and watchong geppy reaction @ 125 00

only trade so far today is short geppy and eu
If you are new to Forex? Say Goodbye to your account!!
  • #705,530
  • Oct 10, 2012 11:06pm Oct 10, 2012 11:06pm
Quoting TRMZXT
so we are going to go higher than yesterday? I guess anything is possible with news but without it I don't see it. Why do you have to restest a trend line today at that price? I don't see it going higher than yesterday. Sure it will be tested at some point but it will be lower than that in time.
nono, the 1st resistance is at 1.2890 area. Yesterday's trendline resistance. If broken, it will test the previous trendline that surpressed ur 1.2975.
  • #705,531
  • Oct 10, 2012 11:07pm Oct 10, 2012 11:07pm
Quoting ForExtraPips
Thinking of putting a buy stop @ 1.295x. If and when it breaks that, then it's all bulls.
I'm thinking buy stop at 1.2915. I see a 5 wave completion on the M30.
  • #705,532
  • Oct 10, 2012 11:13pm Oct 10, 2012 11:13pm
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #705,533
  • Oct 10, 2012 11:15pm Oct 10, 2012 11:15pm
It should go to 1.2840 possibly lower than should go back up high at about 1.2915.
  • #705,534
  • Oct 10, 2012 11:24pm Oct 10, 2012 11:24pm
Possibly something like this.
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  • #705,535
  • Oct 10, 2012 11:26pm Oct 10, 2012 11:26pm
Quoting england33
1.3050 would have to be the key resistance in looking at the price action - major resistance. support 1.2803 --- if broken 1.2627 next short target.
I think this is possible an inverse HS forming. If it forms and bullish scenario pans out the projection would be huge. currently at this point in time the pattern is bearish in my opinion.

comments?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #705,536
  • Oct 10, 2012 11:28pm Oct 10, 2012 11:28pm
I Longed GBP/JPY With a TP for 125.60. S/L at 124.70. Gluck!
  • #705,537
  • Oct 10, 2012 11:29pm Oct 10, 2012 11:29pm
Quoting england33
1.3050 would have to be the key resistance in looking at the price action - major resistance. support 1.2803 --- if broken 1.2627 next short target.
I think this is possible an inverse HS forming. If it forms and bullish scenario pans out the projection would be huge. currently at this point in time the pattern is bearish in my opinion.

comments?
Major resistance 1.3050 you are looking at daily chart right?
  • #705,538
  • Oct 10, 2012 11:30pm Oct 10, 2012 11:30pm
Quoting fxpipper
I'm thinking buy stop at 1.2915. I see a 5 wave completion on the M30.
Good luck. I'm showing 1.2918 as resistance in that area. General same area.
Time turns trend. - W.D. Gann
  • #705,539
  • Oct 10, 2012 11:31pm Oct 10, 2012 11:31pm
Quoting Trader2000
Major resistance 1.3050 you are looking at daily chart right?
yes
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #705,540
  • Oct 10, 2012 11:32pm Oct 10, 2012 11:32pm
Quoting england33
1.3050 would have to be the key resistance in looking at the price action - major resistance. support 1.2803 --- if broken 1.2627 next short target.
I think this is possible an inverse HS forming. If it forms and bullish scenario pans out the projection would be huge. currently at this point in time the pattern is bearish in my opinion.

comments?
Agreed 100% on the bullish scenario.
Time turns trend. - W.D. Gann
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