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jsspmk replied Apr 28, 201082.15 was 2008 close, 82.15 now ought to act ad support, if it does then hello 90 mid-term, helped by declines in stocks.
EURUSD
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jsspmk replied Apr 27, 2010German Chancellor Angela Merkel said she won’t release funds for the indebted nation until its government has a “sustainable” plan to reduce the deficit. Bloomberg. So Greece will most likely default then.
EURUSD
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jsspmk replied Apr 27, 2010Nick Leeson would agree now, not back in the 90s when he was busy bringing down a bank going against a market's will.
EURUSD
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jsspmk replied Apr 27, 2010So you dollar cost average at different levels scaling in using same size lots ie Buy 1 @ 1.38 Buy 1 @ 1.37 Buy 1 @ 1.36 Buy 1 @ 1.35 Buy 1 @ 1.34 Average is 1.36, so aim to sell at 1.36+? IMO you are playing with fire, because that is acceptable ...
EURUSD
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jsspmk replied Apr 27, 2010Stock markets are on the verge of a cliff IMO. "Sell in May & go away" is upon us. Weekly TICK is looking very very bearish as far as bearish patterns are concerned. USD going through 2008 close suggests that it is not possible to contain its ...
EURUSD
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jsspmk replied Apr 27, 2010So you would keep on buying shares in a company which price is in a steady down trend & what's more important there is uncertainty about its future existence? Why?


EURUSD
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jsspmk replied Apr 27, 2010It may well be middle of move. Monthly basis EUR is now below Q1/March Low. RSI on Monthly is now below 50 reading. Next Monthly support confluence is around 1.25.
EURUSD
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jsspmk replied Apr 27, 2010Stop predicting & start trading reality. Cash is King when confidence is lost & margin calls come marching in. When smoke settles only then USD may fall into the abyss.
EURUSD
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jsspmk replied Apr 27, 2010SkyzerFX aka Keyser Söze is a phantom MM
So let's not ask inappropriate questions.EURUSD
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jsspmk replied Apr 27, 2010Not end of the world, just end of financial world as we know it. It sounds remote perhaps today, yet what do you expect will happen if we have a double dip recession?
EURUSD
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jsspmk replied Apr 27, 2010Do you remember Independence Day film? Remember when alien signal went through a countdown? Well I believe (& some traders I speak with) that this what is happening now in financial markets. A countdown to an end of paper based assets. USD will go ...
EURUSD
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jsspmk replied Apr 27, 2010looking weaker now on daily as the 3rd thrust seems to be putting in a failure swing. On daily I see a rising wedge with a nice divergence pattern, but real move is in monthly pattern.
EURUSD
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jsspmk replied Apr 27, 2010Whatever there is on EUR daily I don't view it as a valid divergence pattern, just because an indicator is diverging doesn't mean it is worth paying attention to. I would rather bank on that monthly divergence pattern in UJ than a diverging ...
EURUSD
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jsspmk replied Apr 26, 2010USD stuck between 80 & 82. No party hats on until either of those levels gets cleared. A trader I know who's been in the business for a long time sees "biggest sell off in history in coming months". In which case USD is going to go through the roof, ...
EURUSD