ForexLive.com... " Quick trip down to 1.0490 which was a solid area of support. Bids at 1.0450/60 with technical support at 1.0435/40. The driver is EUR/AUD, which has just taken out yesterday’s high and could be embarking on an extended retracement ...

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Possibly so.

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Here we go down.....

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LOL!!

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lol!! I suggest you will do even better if you start trading naked

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Good for you. You don't need napies for today

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I saw last Friday an H&S on H1. Now I clearly see a Big Bear's H & S I hope I am reading it with my glasses on correctly. We should see the support at 495 give way to more downside IMHO

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Yes. Let's hope it gets broken during Asia session. EUR/AUD is moving up as it had been spiraling down for the last 12 weeks (1400 pips).

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DB, did you see what I kind of saw on Friday (see my H&S posting) as per my your EWP?

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Looks like the pair is heading in that direction

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Looks like the right shoulder just completed and we might see 437 by tuesday??

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H&S on H1?? — Kind of a H & S....

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I hope it stays that way and you don't get dried up

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I agree with you. If it is too far, then it is in no man's land. Cloud bottom on H4 is 380. Let's see if we will see this by NY close today.

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Option expiries are not a distraction but an attraction, provided the price is 20-30 pips nearer at that time of option strike. Since the contracts run anywhere between 100-500 million, it attracts price closer to it. url

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Today's option expiries: 350 and 550. Let's see which way it goes.

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When the data doesn't come out good, I guess they get very upset lol!!

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It is a panda attack a grizzly. I guess the china hard landing will make the panda more powerful than the grizzly and send this pair all the way down to a nice bottom

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IFR — China bears roar after y'days data dump - IFR Ambrose Evans-Pritchard UK Telegraph - China heading for a hard landing AEP makes well known China bears - Jim Chanos/Hugh Hendry look tame AEP picks the worst of the worst commentary ...

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Nice one there. Let's see if the 530 support gives way before London close.

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