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Forex Magic replied Feb 28, 2013Eur/Usd: The following Chart shows my Short Entry, the SL is now set 1 pip in profit. Eur/Usd 10 Min Chart:
FM's Magic Formula Journal
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Forex Magic replied Feb 28, 2013Eur/Usd: After a long, protracted and rather elaborate correction it appears that new low could be forth-coming. Eur/Usd 3 Hr Chart:
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Forex Magic replied Feb 28, 2013My name is David... and You are welcome

AUD/USD - is it still risk adverse?
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Forex Magic replied Feb 28, 2013Hi again John, If his Count is correct, holding the Short while taking 2 positions (or so) long to hedge the Wave 2 could be a VERY good choice! url
AUD/USD - is it still risk adverse?
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Forex Magic replied Feb 28, 2013Hi John.. I would probably wait for a decent signal and buy 2 positions long. This would be a view to create an opportunity that either allowed for a pull-back or profit in the short, OR provide an accumulated gain from the 3 ( 1 short 2 long)
AUD/USD - is it still risk adverse?
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Forex Magic replied Feb 27, 2013While the DJI has hit its head on the Upper Trend Line Ceiling a few times my RSI suggests that we could see a reasonable push up through it at some point: DJI Day
Elliott wave outlook
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Forex Magic replied Feb 25, 2013Eur/Usd: Trading is fun isn't it?! I figured the move up looked a little impulsive to be a Correction but hey ho.... Assuming that this is a Corrective Sequence I assume the Count I had before but include a Triple Zig-Zag Alt. Count. I certainly see ...
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Forex Magic replied Feb 25, 2013. EUR/USD: Presumably the W-X-Y Correction completed as shown. Eur/Usd 1 Hour .
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Forex Magic replied Feb 25, 2013Gbp/Jpy For a few days I have had a "Buy Box" sitting on my GJ Charts. Perhaps today shall see another dip down in price before some upwards movement can be expected. Gbp/Jpy 3 Hour:
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Forex Magic replied Feb 25, 2013Eur/Usd: While my System is saying that we are in still in a Shorter Term BUY situation I maintain that perhaps Eur/Usd may have another dip prior to making a more significant rise. I await either a higher low or lower low in price before deciding ...
FM's Magic Formula Journal
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Forex Magic replied Feb 22, 2013Following the above.. The 3 Hour RSI is biting the dust and looks ripe for a Bullish move once the present downward structure is complete. When the 1 Hour RSI bottoms out and turns up then I should have tremendous scope for a Eur/Usd Long Trade... ...
FM's Magic Formula Journal
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Forex Magic replied Feb 22, 2013Thus far, I have been a member for a few days and already I am subscribed to a number of Threads of Interest & Participation. As usual, with Forum's, I find myself getting slightly distracted and scattered by all the posts and places and so perhaps ...
FM's Magic Formula Journal
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Forex Magic replied Feb 22, 2013I closed my positions last night during the RBA speech and when things were moving up rather quickly. I'm awaiting some confirmation now before re-entering this pair.
AUD/USD - is it still risk adverse?
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FM's Magic Formula Journal
Started Feb 21, 2013|Trading Journals|49 replies
. Some years ago I developed a Trading System. Here I hope to journal some Trade Set Ups and ...
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Forex Magic replied Feb 21, 2013Good call...... it will be interesting to see what unfolds. Below are 30min and Day Chart.
AUD/USD
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Forex Magic replied Feb 21, 2013Short taken, and fingers crossed for it may be descending prior to forming a further upward movement to complete a Correction structure.
AUD/USD - is it still risk adverse?
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Forex Magic replied Feb 21, 2013Maybe.... Stop is +0.4 ~ it may be part of a greater correction..... and if so, then we are in wave X of a WXY which would require the Y wave up to follow. We shall see soon anyway
Good Luck!AUD/USD
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Forex Magic replied Feb 21, 2013Hi Parox, Perhaps we are looking at the same thing
This is my 10 minute Chart and I await another Short OrderAUD/USD - is it still risk adverse?