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jsspmk replied Apr 6, 2010Because the whole world is expecting inflation at some point in the not so distant future Gold may rise alongside USD. It's an ultimate hedge against default of the US, oil needs expanding economy or falling supply vs demand, gold is just a ...
EURUSD
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jsspmk replied Apr 6, 2010My opinion is that it shows potential of upside bounce which may or may not lead to a reversal of current down trend. Yet it is a counter trend formation so I would pass on it.
EURUSD
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jsspmk replied Apr 6, 2010That is true. As long as you are Ok with limited odds, then trading divergences either way is Ok I suppose. Personally I would rather wait for a divergence which is in line with main trend as that eliminates overtrading and more importantly provides ...
EURUSD
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jsspmk replied Apr 6, 2010Statistically trading divergence against dominant trend is limited, it's always better to trade a divergence in line with trend ie selling a bearish divergence in a downtrend. On the other hand minute based charts are pretty random events, a 50/50 ...
EURUSD
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jsspmk replied Apr 6, 2010I am waiting for absolute new highs in AUDUSD to take place to initiate position trade.
EURUSD
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jsspmk replied Apr 6, 2010There are probably a thousand trading methods out there, yet the only one that is worth ones attention is the one that stood the test of time - buy strengthening price action in a up trend and sell weakening price action in a down trend. ...
EURUSD
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jsspmk replied Apr 6, 20101.3428 is 50% from 1.3590 swing high to 1.3266 current reaction low. Next level to watch on the way down is 50% from 1.3510 March close to 1.3266 March low that makes next support at 1.3388. Important! Bullish base was disallowed to be formed above ...
EURUSD
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jsspmk replied Apr 5, 2010Skyzer, buying Euro whilst it's falling 500 pips? That's a currency, not a commodity. All the articles that have been posted here suggest that it is not a cyclical turn. You seem to believe that USD is about to collapse and Euro will act as a safety ...
EURUSD
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jsspmk replied Apr 5, 2010Check out price behaviour during uptrend's end of cycle & now, I fail to see a reversal now. Of course daily may kick something of, but I will only change my mind when weekly trend changes. url
EURUSD
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jsspmk replied Apr 5, 2010I wonder what happened to posters that started this thread back in 2004?
EURUSD
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jsspmk replied Apr 5, 20108 hour chart looks like completed its bounce phase & ready to head lower.
EURUSD
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jsspmk replied Apr 5, 2010As I said I don't follow that pair, but rejection in that manner does point to unwillinness to push price lower, why? Hell knows
EURUSD
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jsspmk replied Apr 5, 2010I don't follow EurChf but it does look like it's bottomed after last Friday's rejection of the lows, that's how bottoms are normally made.
EURUSD
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jsspmk replied Apr 5, 20101.3460 zone neckline for failure on right shoulder within hourly charts, break triggers liquidity search towards 1.34
EURUSD
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jsspmk replied Apr 5, 2010Rogers recently: USD's got ways to go yet, ultimately though very bearish.
EURUSD
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jsspmk replied Apr 4, 2010It is weakening price action that ought to be sold, not strengthening.
EURUSD