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- profx replied Jun 1, 2011
Thanks. Missed your analyses today as was otherwise engaged.
I take it you envisage a downdraft until at least end of this week.EURUSD
- profx replied Jun 1, 2011
Where's Kambooj a.k.a. 'Mr. Bubbles' ? I think we are due a 'circle-theory' lesson !

EURUSD
- profx replied Jun 1, 2011
Of course, its now gonna spike the opp way .. sooo predictable. GLTA.
EURUSD
- profx replied May 31, 2011
Thanks and I respect your analyses. Just to be pedantic, surely it has to break the big black curve in order to go further up ?
Or are you saying that from your observations s/t trend would reverse after such a break before further up ? ...EURUSD
- profx replied May 31, 2011
Does not the steep curvature of your topmost inner (small) circle indicate that as price approaches it, it may slip quite easily to 4500 or even past this for the ultimate upward b/o ? Or are there other circles on a larger t/f restricting this in ...
EURUSD
- profx replied May 30, 2011
I'm calling it a day here. May get interested above 290 for a short, depending on PA. GLTA.

EURUSD
- profx replied May 30, 2011
Oh, ok I get your point now. However I was referring to the momentum building based on 5m candles from 17:20 onwards. I was only trying to judge whether it was worth staying in the trade to my pre-determined target. I got out when I saw it waning.
...EURUSD
- profx replied May 30, 2011
Yeah, I didn't like the latest cluster of 5m candles and stoch cross downwards, but it could fake back up. Profit is profit.
EURUSD
- profx replied May 30, 2011
MA's are just that. S/t PA can criss-cross MA's due to volatility spikes. No convergence seen when I opened my position. Not sure what your point is.

EURUSD
- profx replied May 30, 2011
Sure will do. I haven't been in this game long enough to know if it will work l/t but managing to scrape by so far. I know it's a tough game and it's important not to get closed-minded. In for the long-haul, as I'm sure you are. What's your fav ...
EURUSD
- profx replied May 30, 2011
For s/t set-up, I like to take my cue from Stochs/RSI, which were both at o/sold levels on the 5m, combined with the s/r lines and a bit of instinct thrown in. Doesn't work all the time, but good for a few pips here and there ! Why do you ask ?
EURUSD
- profx replied May 30, 2011
That may be true but I find that they help to detect important zones of s/r. Not for everyone, but definitely helps me. Not too time-consuming to draw either.

EURUSD