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jsspmk replied Apr 7, 2010This week, maybe will start tonight. I am not too concerned with when exactly as I have a short position from mid January.
EURUSD
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jsspmk replied Apr 7, 2010I am going to call a big move down this week, I see it on daily chart MACD's pattern. I sense wedge will be broken to downside fiercely targeting 1.3 basically 350 pip drop this week.
EURUSD
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jsspmk replied Apr 7, 2010Why the Greek rescue isn’t going to plan — "...Buoyed by a cyclical recovery, markets around the world have yet to recognise the complexity of this situation. When they do, it will also become apparent that Greece is part of a wider, and ...
EURUSD
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jsspmk replied Apr 7, 2010I watched your video & have a question. What is your motive/s for trying to get a "little bit everyday", have you considered making lesser trades & going for bigger swings?
EURUSD
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jsspmk replied Apr 7, 2010Real soon there will be a big move in either direction, 'death crosses' on longer term charts attract lots of volatility. Purely because they are sending a clear message that longer term upside is done & another phase is there or almost there. ...
EURUSD
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jsspmk replied Apr 7, 2010The way to research how to get on board of a weekly trend is to take weekly chart of a trending instrument & study it's continuation points. Marking all the continuation points I would drill down to daily & perhaps 4 hour chart & observe conditions ...
EURUSD
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jsspmk replied Apr 7, 2010Follow long term trends on weekly chart & seek out entries on Daily chart & no less than 4 hour one. Your latter point - that happens because you participate in intraday trends, lots of times oscillations offer mean reversion rather than trends & ...
EURUSD
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jsspmk replied Apr 7, 2010Because so many hedge funds have been closed out by taking the opposite approach of counter trend. Of course because they are willing to do so markets have liquidity. But nevertheless counter trend methods statistically carry 'short life' ...
EURUSD
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jsspmk replied Apr 7, 2010MACD histogram on Daily about to enter -, MACD formation also a very bearish pattern. Let's hope, I believe hope is appropriate word in this case, that pattern matures & bids disappear.
EURUSD
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jsspmk replied Apr 7, 2010BVI Global, which has posted average annual returns of as much as 22 percent since inception, will focus on macro investing, a strategy that seeks to profit from broad economic trends by trading stocks, bonds and other securities. Trend is your ...
EURUSD
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jsspmk replied Apr 7, 2010Here's another outlook, last month closed as a spinning top which means indecisive about market direction. We are still in a down trend though, so it is possible that by taking out the March low 1.3266 we drop to 2008 lows of 1.25 within April ...
EURUSD
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jsspmk replied Apr 7, 2010Also there are fundamental differences between then and now. The FED lowered USD interest rate & USA was in headlines all the time & news were all just bad. Now the FED can't lower the rate any more, but ECB probably can is it is 1%, there is some ...
EURUSD
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jsspmk replied Apr 7, 2010Have a look at price behaviour at 2 events which are similar to now. That is down trend in EUR in 2008 nearing exhaustion stages. First one is break down from the wedge, there were 3 bottom attempts. When price broke down there was a spike (the one ...
EURUSD
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jsspmk replied Apr 7, 2010Question I ask myself is this - is this a higher low on Daily? The answer is - not yet. Resolution - remain short.


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jsspmk replied Apr 7, 20101.3266 today is likely with most frames bearish, MACD on daily chart looking more & more to perform a 2nd lower peak cross below centerline, that ought to send price into a freefall, just need to see whether it's a bungee jump or a suicidal one.
EURUSD