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MarcVUM replied Jul 13, 2010Oh yea. If the H4 candle would have closed at 8832 which would have caused a beautiful doji on my chart I wouldn't be concerned but I've been on the wrong side of candles just like this before so experience is kicking in!

Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010I took a short based on that candle at 8834 with a stop at 8851. TP is 8787
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010Checkout the candle forming on the A/U H4 with 17 minutes remaining...
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010A/U — Exactly. A/U... Very important to note that the 61.8% Fib lines up almost exactly with the D R1 today at 8882 - 8887.

Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010E/U — E/U. I bet a lot of people are upset about the move upward that started at London open this morning. I saw a lot of guys/gals that took shorts at the dashed UTL. Here's my perspective on E/U going forward now that the "oldest" UTL has ...
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010Yea. Don't forget that Amy has sell limits at 8865. I'm just watching PA for now until tomorrow. London really pi**ed me off last night. I hate trading London but since I didn't book any trades during the day yesterday I felt it was necessary. Go ...
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010Downgrade of Portugal made everything take a dump before London and then London open started everything up! I have no idea what sparked it.
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010Wow! I guess that 365ma did what I thought it would... from what I said on a previous post!

Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010Darn. I'm blind right now anyways. Broker is restarting servers.
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010Saxon, are you going to trade D S1 or wait for your confluence area below 8700?
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010A/U — Now we have the 365sma in the way. She's moving up and she's (let's just say "angry"). I hope it knocks the hell of out PA once and for all. This darn rectangle has irritated me since last Friday!!! image
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010That is for sure! That's why the wise old man or woman laying on their death bed always tell the young grandson or granddaughter to live life to its fullest and to take risks...no regrets!
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 13, 2010Hmmm. "Thrilling" There are good days and bad days like anything else.
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 12, 2010LTL = lower trend line D S2 = Daily Support 2 from Standard pivot point calculations
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 12, 2010Sure. MA's are floating S/R and the LTL is a support as well as the D S2. Lots of support should produce a bounce. How much of a bounce I do not know? I play these for quick 5 - 10 pips.
Nearly Naked (Simple Trades)
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MarcVUM replied Jul 12, 2010A/U — A/U. Daily chart shows 5sma at 8707 H4 chart shows LTL; 21ema and 365sma at around 8708 H1 chart shows LTL; 95ma at 8710 M15 charts show LTL; 365sma at 8717 and Daily S2 at 8713
Nearly Naked (Simple Trades)