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vlady1974 replied Nov 23, 2012I got my eyes on 56. 38 was just done. I personally would have exited all trades at this point. But I'm still Bearish... so waiting.
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vlady1974 replied Nov 23, 2012
That's some serious bottom.... with a risk to the Head and Shoulders! Ha!EURUSD
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vlady1974 replied Nov 23, 2012Just some Gann-like stuff : Bottom : 2nd bottom that confirmed the first bottom (ie. HL) 1.27052 Target : 1.29550 2955 less 2705 = 250 pips 250 = 25 (latest EU rhythm) x 10 If we reach that price... it will be 100 bars of 4H since the price 2955.
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vlady1974 replied Nov 23, 2012It's the only way to learn, Hatch. I was like this 2-3 years ago. There's no trading pain like the loss of mooolaah to help educate.
EURUSD
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vlady1974 replied Nov 23, 2012How do you know this? The direction from 1M to 5M to 15M to 1H to 4H is up. The "up" has been trending that way since 18 November on the 4H.... why would it want to cap at 22 on a Friday before Monday's big showdown? From this angle, 56 is more ...
EURUSD
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vlady1974 replied Nov 23, 2012Dude, need to empty your mind. You're just trying to catch a ride but probably because you're suffering losses. That's called revenge trading. You know it and I know it. I lost £160 in 3 hours doing that once.... not even big sizes... 0.5 and 1.0 ...
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vlady1974 replied Nov 23, 2012Void. 36 is now in play. That also voids 2881 for the moment. 2827 and 2840 are now. Apart from the obvious S/R and visual scans, it's interesting to note the intervals. EU vibrates of 20 pips (19.5 to be exact) but lately or this year, it's been ...
EURUSD
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vlady1974 replied Nov 23, 2012Done for the week. Spreadbet account bal up from £188 to £406 The only way I can see a safe trade south from this is a break in 2880. Then a bounce to 2894 or 2904 before the long-wanted levels of 2778.
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vlady1974 replied Nov 23, 2012I recommend getting everything from Damir. It's simple but if you create your own plan based on his approach, you'll find that it compliments the naked approch. Green Newbies will not realise that you will need about 10,000 hours of screen time just ...
EURUSD
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vlady1974 replied Nov 23, 2012Same approach here: 4H with tie in from 1H 15M with tie in from 5M (although could use30M) This setup has come from reading Laurentiu Damir. Find him on Amazon. Also got "Naked Forex" by Alex Nekritin & Walter Peters which has helped clear the mind. ...
EURUSD
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vlady1974 replied Nov 23, 2012That's good to know as a trader. Mine is London opening and Mon to Thu. Thu being the iffiest day. However, this is still dictated by "price action" or more appropriately S/R zones, as well as News and Seasonal events.
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vlady1974 replied Nov 23, 2012I think that's a good decision. Ranging prices are a good way to reduce your balance.
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vlady1974 replied Nov 23, 2012Could be a temporary top. Looks to go higher. Me personally would prefer a retrace to the 2833 or its divisions (ie. +20 pip intervals, or +25/+50 pip intervals lately). Those that are still long on 83ish I would hold and aim for 36.
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vlady1974 replied Nov 23, 2012Wow what a morning! Got in the shower, came out and my exit stop was hit. Missed the dive down. Put on shirt and tie, had coffee and bam... back to 2880 which confirmed my suspiscion that it was building up a strong support base. Longed at 2885 and ...
EURUSD