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EURUSD

  • #722,621
  • Nov 26, 2012 6:48pm Nov 26, 2012 6:48pm
Quoting Big1red9
If it stalls at 1.320ish.. I am out
You mean 1.3020 or really 3200? Just checking Nice trade!
  • #722,622
  • Nov 26, 2012 6:48pm Nov 26, 2012 6:48pm
Quoting Kanzler
Getting very close to 1.3020...excellent place to go short once it gets there. Recent weakness indicates this may be the big retrace or perhaps reversal many have been anticipating.

Thought you were looking higher Saturday....Remember -- stops above 3020...
  • #722,623
  • Nov 26, 2012 6:48pm Nov 26, 2012 6:48pm
Quoting John Gray
Can you provide a graph please?
it's double/triple top on daily
Mohan
  • #722,624
  • Nov 26, 2012 6:48pm Nov 26, 2012 6:48pm
Quoting John Gray
Can you provide a graph please?
Absolutely. Strong resistance pivot zone and 76.4% retracement coming up right on top of it (confluence); price reacted strongly the last two times it hit this level. Weakness shown when hitting the double zeroes. I think this level is definitely going to put up a fight.

Attached Image (click to enlarge)
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Quoting BlueCirrus
Thought you were looking higher Saturday....Remember -- stops above 3020...
May be right, may be wrong. This kind of confluence setup definitely warrants the risk for me though.
  • #722,625
  • Nov 26, 2012 6:49pm Nov 26, 2012 6:49pm
Quoting Stretch
You mean 1.3020 or really 3200? Just checking Nice trade!

Hello Stretch..haven't talked to you since Twitter..(Koolblue)
  • #722,626
  • Nov 26, 2012 6:53pm Nov 26, 2012 6:53pm
Quoting BlueCirrus
Hello Stretch..haven't talked to you since Twitter..(Koolblue)
Ah now I know why I thought your avatar was familiar Didn't made the connection! haha
Yeah wasn't that active for a while, but more time now here and there. All good?
  • #722,627
  • Nov 26, 2012 6:54pm Nov 26, 2012 6:54pm
Quoting mohan76
make sure you back soon , your bear will take over in next 18 ~ 48 hours

live
http://video.consilium.europa.eu/


http://www.bloomberg.com/tv/

I am watching, bear is still in this scrap, agree and wait dust to settle
If you are new to Forex? Say Goodbye to your account!!
  • #722,628
  • Nov 26, 2012 6:54pm Nov 26, 2012 6:54pm
Quoting Kanzler
Getting very close to 1.3020...excellent place to go short once it gets there. Recent weakness indicates this may be the big retrace or perhaps reversal many have been anticipating.
if it gets there nothing will save your shorts. how about this prediction? (i have a crystal ball too, you see)
As Above, So Below
  • #722,629
  • Edited 7:40pm Nov 26, 2012 6:54pm | Edited 7:40pm
Quoting Stretch
You mean 1.3020 or really 3200? Just checking Nice trade!
your right... sorry tired

1.3020

out at 2990
  • #722,630
  • Nov 26, 2012 6:55pm Nov 26, 2012 6:55pm
Quoting Kanzler
Absolutely. Strong resistance pivot zone and 76.4% retracement coming up right on top of it (confluence); price reacted strongly the last two times it hit this level. Weakness shown when hitting the double zeroes. I think this level is definitely going to put up a fight.

Attachment



May be right, may be wrong. This kind of confluence setup definitely warrants the risk for me though.
Yep, there's resistance, but I don't think they're coming all this way and not hitting the stops...lol
  • #722,631
  • Nov 26, 2012 6:55pm Nov 26, 2012 6:55pm
Quoting Big1red9
your right... sorry tired

1.3020
No problem I didn't even noticed it at first.
  • #722,632
  • Nov 26, 2012 6:56pm Nov 26, 2012 6:56pm
Quoting tashkent
if it gets there nothing will save your shorts. how about this prediction? (i have a crystal ball, you see)
And since you have such a fondness for such snobby responses, may I ask what more criteria you would like for a good entry? Price may very well break this level, but given it even had trouble with the last levels I'd be really surprised if it blew through the order stack more than likely sitting here.

For being wrong, I lose around 12-15 pips. If I'm right I stand a good chance of making 50 pips at least if it retraces to the old support.
  • #722,633
  • Nov 26, 2012 6:57pm Nov 26, 2012 6:57pm
EU Long, tp 1.3150
Even the worst trade can close with profit. Just give it time.
  • #722,634
  • Nov 26, 2012 6:57pm Nov 26, 2012 6:57pm
Quoting Stretch
Ah now I know why I thought your avatar was familiar Didn't made the connection! haha
Yeah wasn't that active for a while, but more time now here and there. All good?

Doing great! The radar's been working pretty good the last few weeks..
  • #722,635
  • Nov 26, 2012 7:00pm Nov 26, 2012 7:00pm
Quoting KiwiTrada
I am watching, bear is still in this scrap, agree and wait dust to settle
so far not enough reaction to news , yen$ loosing ground , euro back below 1.30 make me worry , all ladies above my bull zone
Maize/corn waiting on both side , soon we will have pop corn
Mohan
  • #722,636
  • Nov 26, 2012 7:01pm Nov 26, 2012 7:01pm
Quoting Kanzler
Getting very close to 1.3020...excellent place to go short once it gets there. Recent weakness indicates this may be the big retrace or perhaps reversal many have been anticipating.
... good luck with that, I do prefer a quick longs at this stage (buying on dips)
  • #722,637
  • Nov 26, 2012 7:02pm Nov 26, 2012 7:02pm
Quoting BlueCirrus
Doing great! The radar's been working pretty good the last few weeks..
Nice! Good to hear you are doing great! It's not an easy market so keep it up.
  • #722,638
  • Nov 26, 2012 7:02pm Nov 26, 2012 7:02pm
Quoting DareXau
... good luck with that, I do prefer a quick longs at this stage (buying on dips)
Breaks it, wait for the retracement bus to come around and pick me up on the re-test. All I'm saying here is that there's a good R:R ratio, even if the trend doesn't reverse. Some countertrend trades can be worth the while especially when there are two major factors as I see here.
  • #722,639
  • Nov 26, 2012 7:03pm Nov 26, 2012 7:03pm
Quoting Stretch
Ah now I know why I thought your avatar was familiar Didn't made the connection! haha
Yeah wasn't that active for a while, but more time now here and there. All good?

Haven't seen Cloggie for a long time on there, and Attila hasn't been there as far as I know..
  • #722,640
  • Nov 26, 2012 7:03pm Nov 26, 2012 7:03pm
Quoting Kanzler
And since you have such a fondness for such snobby responses, may I ask what more criteria you would like for a good entry? Price may very well break this level, but given it even had trouble with the last levels I'd be really surprised if it blew through the order stack more than likely sitting here.
hey buddy, do not take it too personal. i apologize if somehow i offended you. for me if price is rising and keep doing hh hl i will buy at any price unless i see ll lh. i am not too concerned if there was a double top or a zillion top a month ago or a century ago. the rule is simple.
As Above, So Below
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