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  • #1,082,701
  • Dec 6, 2016 5:55am Dec 6, 2016 5:55am
Quoting MasterJedi
Is this the start of the move downwards that was meant to happen 24hrs ago?
Let's hope so, patience almost running out.
  • #1,082,702
  • Dec 6, 2016 5:57am Dec 6, 2016 5:57am
Quoting MasterJedi
{quote} I watched a film called 'eye in the sky' last night, was good I thought. Also '99 homes' was great.
Oh thanks. Shall check them out. Oh! What!! its like the train is moving. Or maybe it's just going to the bottom of the range to repeat cycles.
  • #1,082,703
  • Dec 6, 2016 5:58am Dec 6, 2016 5:58am
Quoting yuddy
{quote} Let's hope so, patience almost running out.
Tell me about it. The market seems to think it can do it whatever it wants at anytime, shocking
who dares wins
  • #1,082,704
  • Dec 6, 2016 6:03am Dec 6, 2016 6:03am
Quoting MasterJedi
{quote} Tell me about it. The market seems to think it can do it whatever it wants at anytime, shocking
It was just end of an hour candle rush back to the bottom of the range. North ward preping
  • #1,082,705
  • Dec 6, 2016 6:07am Dec 6, 2016 6:07am
Quoting yuddy
{quote} It was just end of an hour candle rush back to the bottom of the range. North ward preping
Well I hope its just a pullback otherwise more patience is needed. USD index is rising so that should help the bears on this pair.
who dares wins
  • #1,082,706
  • Dec 6, 2016 6:12am Dec 6, 2016 6:12am
Quoting MasterJedi
{quote} Well I hope its just a pullback otherwise more patience is needed. USD index is rising so that should help the bears on this pair.
At what level do you take EU as a breakout?
  • #1,082,707
  • Dec 6, 2016 6:16am Dec 6, 2016 6:16am
Quoting Connors
Short @1.0767 TP 1.0683 No longs before the 1.0683 test for me
nice trade , I did have sells at 75 and 70 but PA changed my mind m5 - this candle caused a loss - but i sold on the breakout below it... made 23 or so...

looking at 26/21 for potential buys, seeing if there is another breakout below 28 ...
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  • #1,082,708
  • Dec 6, 2016 6:17am Dec 6, 2016 6:17am
Quoting Devonsent;932 For this reason i post it0316
Shorts Stoped overnight @ 1.0760 and reversed to long . SL @ 1.07 37 Very difficult situation in BP ... I keep lifting my SL higher everyday... But this wedge is not going to last FOREVER... Sorry F.g but I have to say that continually lifting (and I presume extending) your Stop Losses is the short way to total ruin. Whilst it is possible that the pair will reverse and everything will look rosy in the kitchen it's far more likely that it will suddenly spike and take out even your extended SLs. It is most often better to take the hit, take a deep breath and re-evaluate what you were doing in the first place. I have always found that there is a simple reason that my trade didn't work - like going against the trend, trading just before it hits a major support/resistance etc. Either way, please take care of your MM
My friend Devon, you are absolutely right . it is unorthodox practice to lift the SLs ...
  • #1,082,709
  • Dec 6, 2016 6:21am Dec 6, 2016 6:21am
Pals, is the train to southville finally moving? where can we point as a breakout? Bring in ur technicals pals.
  • #1,082,710
  • Dec 6, 2016 6:22am Dec 6, 2016 6:22am
Quoting MasterJedi
Is this the start of the move downwards that was meant to happen 24hrs ago?
not likely.. its not like all the assets EBC bought yesterday will be sold today.. they will do it gradually so i think we'll be around 1.06 today but thats all
  • #1,082,711
  • Dec 6, 2016 6:22am Dec 6, 2016 6:22am
Quoting Don96
{quote} nice trade , I did have sells at 75 and 70 but PA changed my mind m5 - this candle caused a loss - but i sold on the breakout below it... made 23 or so... looking at 26/21 for potential buys, seeing if there is another breakout below 28 ... {image}
Quoting Connors
OK, enough with bullshit. Please be warned, they all sound the same at the beginning. I rest my case, honestly is not worth my time. For tomorrow, 1.0726 is still very important and will most likely get a visit after London opens. Today's price action was clearly no dumb move and Asia can easily test the levels above 1.0800.

Yes levels are pretty clear to identify during a retrace.

Sitting below 1.0726 should open the door to my target 1.0683, we shall see.
  • #1,082,712
  • Dec 6, 2016 6:23am Dec 6, 2016 6:23am
Quoting Don96
{quote} nice trade , I did have sells at 75 and 70 but PA changed my mind m5 - this candle caused a loss - but i sold on the breakout below it... made 23 or so... looking at 26/21 for potential buys, seeing if there is another breakout below 28 ... {image}
Huh !that triangle, finally broke out?
  • #1,082,713
  • Dec 6, 2016 6:24am Dec 6, 2016 6:24am
Quoting yuddy
{quote} Real talk pal. Earlier said the dollar is quite weak for dis week, that is the outlook, good nfp, good ism, yet no momentum, I guess mkt is watching what's going on with ecb and italia. Charts may not help much. Technicals might just be hanging on for good moves. God help us all. Long live the bears and bulls.
i agree. dollar continued showing its corrective move despite strong fundamentals. markets are waiting for ECB'S meeting due on Thursday to get a clarity about the directional strength of the pair.
  • #1,082,714
  • Dec 6, 2016 6:25am Dec 6, 2016 6:25am
Quoting Connors
Short @1.0767 TP 1.0683 No longs before the 1.0683 test for me
1.0682 looks like a good place 38% fib of the move up. usually there is a pull back also eyeing 50 and 68 % fib levels 0650 0620 respectively
  • #1,082,715
  • Dec 6, 2016 6:27am Dec 6, 2016 6:27am
Quoting SnaveForex
{quote} 1.0682 looks like a good place 38% fib of the move up. usually there is a pull back also eyeing 50 and 68 % fib levels 0650 0620 respectively
1.0682 is also where the (MA)89 indicator on the four-time time-frame is. That's the target for my short too.
  • #1,082,716
  • Dec 6, 2016 6:28am Dec 6, 2016 6:28am
Quoting SnaveForex
{quote} 1.0682 looks like a good place 38% fib of the move up. usually there is a pull back also eyeing 50 and 68 % fib levels 0650 0620 respectively
I will seek to open a long once 1.0683 hits if a bullish set up develops but yes, eyeing 1.0648 on my chart
  • #1,082,717
  • Dec 6, 2016 6:31am Dec 6, 2016 6:31am
Quoting yuddy
{quote} At what level do you take EU as a breakout?
I'm currently -80pips on this pair because I never used a stop yesterday so I'm no expert. But looking at the chart I see the price hitting the lower Bollinger band & the previous big candle closed below the minor support of 5/6 hrs ago. If current bar (1hr) goes lower than previous then its looking good for a short. My only concern is that the previous 1hr bar closed on the same line as what used to be a major resistance point, which can now act as support. So who knows for sure.
who dares wins
  • #1,082,718
  • Dec 6, 2016 6:37am Dec 6, 2016 6:37am
Inside bar in the 30min tf. Does it ring a bell?
  • #1,082,719
  • Dec 6, 2016 6:57am Dec 6, 2016 6:57am
Quoting yuddy
Inside bar in the 30min tf. Does it ring a bell?
Does that mean it's probably still going down? USD/CHF is going up, strong anti-correlation.
who dares wins
  • #1,082,720
  • Dec 6, 2016 7:03am Dec 6, 2016 7:03am
if we reach 1.0700 I will done my week.
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