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micho replied Oct 31, 2008yep. im trying to stay away too... just took a quick 26 in the morning and now im watching this random illogical ranging 1.6123 key resistance level if we break it we might fall down.. but i dont think we will break it today hopefully we go up so ...
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micho replied Oct 31, 2008well i am playing with 0.1 from 875$... now i have 1588$ in 10 days but really picking the good signals and until now i didnt encounter a major trend reversal to wipe out my account... but i had drawdown of -250$ for 2 days which i didnt close until ...
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micho replied Oct 31, 2008hi man i will give u some reasons why not to trade today 1- today is friday 2- benny on tv tonight 3- we are in a bad position where price could still blow either ways because we are near the 38 Fibonacci's. a break of 1.6223 might send it way down ...
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micho replied Oct 31, 2008now possible retracement to 1.6310, then fall again... but who knows what happens?? today is friday and uncle benny is on tv tonight
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micho replied Oct 31, 2008no actually 1.6139 is the 38% of the up trend and 1.6123 is the 38% of the big down trend... it is going up because of the buy orders around 1.6139 usually buys are not triggered at 1.6123, they are triggered on the 38% of the up trend. 1.6123 is ...
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micho replied Oct 31, 2008and yesterday as well i was asleep when the price touched the 1.6650

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micho replied Oct 31, 2008yeah thats the problem that we have to deal with... play with what you can afford to lose... dont play with your fortune... withdraw profits each month to feel that you are earning something out of it... and thats take a chill pill

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micho replied Oct 31, 2008if i had the chance to see that doji on the daily, i would have gone short immediately on the opening of the next daily candle but i was asleep again!!! damn it
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micho replied Oct 31, 20082 38% levels near each others, that is somehow tuff to beat. one level for the bears and one levels for the bulls, but i guess if we had a strong close below 1.6123 we might had a nice fall from there
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micho replied Oct 31, 2008ya very possible but not in the coming hours as far as i am seeing... so maybe im wrong
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micho replied Oct 31, 2008well better stay on the safe side, you cant get 100% of the trend... it would be good to have a safe portion of the pips
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