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- todstars2 replied Jan 10, 2012
Hang on for 1.40 — 1.40 area is the historic high tide off this low ebb. I think its time to go long.
EURUSD
- todstars2 replied Jan 9, 2012
if you want to use fundamentals. Consider today news came that the US obligations have reached 100% of GDP. Europe has been working at tackling their debt problems for much longer. putting them way out ahead of us on this. The price action(chart) in ...
EURUSD
- todstars2 replied Jan 9, 2012
it could sink to worthless. in light of the current situation anything could happen. that is why you "take your losses quick, and let your profits run" Capital preservation and keeping trading cost to a minimum are imperative. Good guideline is to ...
EURUSD
- todstars2 replied Jan 9, 2012
Using the daily isn't any different than 15 minute for TA What you got looks right, from what I can tell. Just be sure to take your loss quick if it breaks down. Don't hang around.
EURUSD
- todstars2 replied Jan 9, 2012
Trail behind it with a stop risking only a set percentage of your capital and ride it until it stops you out. The best way is to keep a mental stop so you dont get hit with a quick downside spike and close it once it closes a 15 minute period below ...
EURUSD
- todstars2 replied Jan 9, 2012
I once read somewhere the following: "The market(stock,currency,other) is like a giant voting machine with individual participants registering their opinion at any given moment, as to what they think that market is worth with their dollars." ...
EURUSD
- todstars2 replied Jan 9, 2012
CNBC says time to sell EUR.... — ....time to BUY!!!! Sure sign the bottom is in, for now. LoL!
EURUSD
- todstars2 replied Jan 9, 2012
1.274 looks like a good point to load up some with reasonable stops
EURUSD
- todstars2 replied Jan 9, 2012
Another way to view it. Short term bottom right here. As long as it trades above the H&S bottom line, ride the trade until it closes below and sell.
EURUSD
- todstars2 replied Jan 9, 2012
It is another route to the same point as TA. Finding the point where accumulation has historically started and when to start jumping ship with everyone else while there are still UNAWARE buyers available. If two methods are both saying the same ...
EURUSD
- todstars2 replied Jan 9, 2012
If you are using MT4 download the price data from your tool bar in .csv format and run it in Excel or similar spreadsheet. Very interesting stuff when you start to dig in to it.
EURUSD
- todstars2 replied Jan 9, 2012
Your running back to the beginning. Im running data back to 2003 and finding the bottom of the swings or ebbs on a daily basis with extreme high/low data. This is one ebb area in that data.
EURUSD
- todstars2 replied Jan 9, 2012
The other x/usd pairs are behaving similar here historically, so using the tandem trade principle adds confidence to the upside potential. For me.
EURUSD
- todstars2 replied Jan 9, 2012
Im long now with 1/5th of my total future committment. I like to add as it works its way up or down. Buying at 3% to 5% window above the historic low, 1.25ish, in this area. If it sinks, I'm out until it snaps back to my price window and start ...
EURUSD
- todstars2 replied Jan 9, 2012
I was running some historic price analysis going back to 2003 over the weekend. I found that this area we are in, based on daily high/lows, is a substantial turning point down to around 1.25 for its ebb then back to the 1.40 area for high tide. If ...
EURUSD
- todstars2 replied Jan 6, 2012
Short EUR — After three weeks of riding this bull down I have had enough. Take my profit and go hunting somewhere else until it returns to the upper resistance line.
EURUSD