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Crassius replied Aug 13, 20101.2830.... capping any move above for now. We're running out of time for this week also.
EURUSD
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Crassius replied Aug 13, 2010That's the stopping of the down move at 1.2880 3 pips away from the 38.2% Fib of the move up from 1.1890ish to 1.3300ish, then the recent very weak retest of it that held. Turned me short term bullish on a greedy quest for a few paulty pips....
EURUSD
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Crassius replied Aug 13, 2010All good points. General consensus is in line with your thinking. And ANY soveriegn scare story will destroy this pair. I have been thinking your way since 1.3000, yet it keeps acting like a beach ball held under water. Just seems like we should at ...
EURUSD
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Crassius replied Aug 13, 2010I'm in Long with a small position right on top of — the Big Fig 1.2800. Will add to that position and lower my basis if we move lower. It just smells right to me.
EURUSD
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Crassius replied Aug 13, 2010I'm reassessing after seeing such weak action below 1.2880. Entry Sell Stop canceled. Looking for a long entry here. That weak action around 1.2880 portends at least a nice relief rally off the move down from 1.3300 is in the cards.
EURUSD
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Crassius replied Aug 13, 2010We probed the 1.2777 Fib again and held with — no definitive break, but a bounce off . There was no momentum behind the break of the low of 1.2880. Could this be about it for a retrace on the Daily from the 200 day MA, and we go higher from ...
EURUSD
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Crassius replied Aug 13, 2010We've moved back below the 200 MA on the 4 HR, and the market just shrugs off the data. Chop Chop...Chop Chop Chop..... sideways........
EURUSD
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Crassius replied Aug 13, 2010Retracement in my view while we are below the Kumo. That's a very bearish engulfing cloud.
EURUSD
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Crassius replied Aug 13, 2010Remember the futures pit is not open yet (Euro pit that is) so even though we know the number, they haven't played on that info yet.
EURUSD
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Crassius replied Aug 13, 2010German GDP Leaked early — German GDP at 2% leaked early by Bild Zeitung 1.3 was the forcast, but it was widely known was going to be a good number, 1.9% may already be baked into the market.
EURUSD
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Crassius replied Aug 12, 2010Closed above the 200 SMA — The 8PM EST Bar that closes at Midnight EST managed to close above key support. I have no faith in any long term up move, but we could see a retrace to 1.2910 the 23.6% Fib or 1.2990 the 38.2% Fib off the whole move ...
EURUSD
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Crassius replied Aug 12, 2010[quote=Larseg;3943850]You said it could go either way but you went short... quote] No. I have an entry stop set... which means if that price is penetrated, then a new short position will be opened. I am flat now. I believe a definitive break of the ...
EURUSD
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Crassius replied Aug 12, 2010When we are in equilibrium... directionless looking for signposts as to where we go next, it wouldn't surprise me if it takes more than one run at the 38.2% Fib if it gets broken in a lackluster way. If there is solid movement accelerating into it, ...
EURUSD
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Crassius replied Aug 12, 2010Not sure what you mean. I trust the setup, I just realize we are at an inflection point. Hence the tight stop. I'm in short on a definitive break of 1.2777 38.2% Fib with a tight stop out, not a stop and reverse. I have no definitive ideas at this ...
EURUSD
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Crassius replied Aug 12, 2010News is what is needed. We're in equilibrium around the 200 MA on the 4 hr waiting for some reason to move in which direction. Funny thing about news is not what it is or what it's predicted to be, its what the market interprets it to be.... I don't ...
EURUSD
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Crassius replied Aug 12, 2010Entry Sell Stop placed at — 1.2775 area. As long as we're below the 200 MA on the 4 hour, we are either going to break for a another leg down, or more likely short term chop sideways into the weekend. I don't need to play the chop. Which ...
EURUSD