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bagoomba replied May 20, 2009Channel top? — Tested the line twice. M15 RSI showing oversold. Looking for a reversal.
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bagoomba replied May 20, 2009Waiting to see if we re-affirm the top of the channel. If so, going short back down into the 1.36 range.
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bagoomba replied May 20, 2009Yeah, that killed me... I had my S/L at 3590 just as a general buffer size from my entry. Sometimes I think I'll never learn all the tricks the market uses to take me out. Had I been thinking, I would have put it slightly below the previous 100 SMA ...
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bagoomba replied May 19, 2009Auto-pilot — Well, I'm off to bed. Looks like it finally got out of the doldrums and broke up- so far so good. Putting it on auto-pilot so I can get up and do that thing that keeps my account funded.
Good luck all.EURUSD
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bagoomba replied May 19, 2009Triangle? — I'm starting to wonder if there isn't a triangle forming in the M15. If so, we may be headed back down.
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bagoomba replied May 19, 2009Curious what other pairs do you trade and what timeframes? I've stayed focused on a single pair (E/U) to hone my skills. Plus it tends to trend pretty well.
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bagoomba replied May 19, 2009Are you trying to scalp? If so, Hoss has a pretty scalping strategy. You may want to follow his threads.
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bagoomba replied May 19, 2009Considering we just passed 1.36, I'm thinking we'll see 1.37 long before 1.33. We bounced off the 100 SMA (again), My M5 AO and MACD are showing bullish, we're approaching the 13 EMA and have crossed the Fib 23.6. I've done a really good job of ...
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bagoomba replied May 19, 2009I guess we'll see. Depends on why you went short. Maybe you saw something I didn't see.

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bagoomba replied May 19, 2009What makes you think 3550? That's also why I placed a stop order instead of market. I don't have the pockets to ride out a 50 pip dip.
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bagoomba replied May 19, 2009M15 Loves the 100SMA — I moved my channel bottom down to the 100 SMA. The M15 has been going back to it over and over today. 3 touches noted on the chart. Slight adjustment to the bottom, but still shaping to be a channel up.
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bagoomba replied May 19, 2009Pending Long — I put a Buy Stop order in just above the Fib 23.6 retrace at 1.36100; SL at 1.35900; PT at 1.37000. If we set a channel bottom here, I should get picked up and ride it back up... assuming I can keep my head about me.
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bagoomba replied May 19, 2009Wouldn't be surprised if you got it tomorrow. I'm still looking at a possible upward channel developing on the M15. If that's the case, then we're hitting bottom now and should start back up overnight. Well-poised for the NY session open.
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bagoomba replied May 19, 2009Traded the 100SMA triple bounce and pulled 100 pips out (5 digit broker) before it stalled. A few more of those and I'm done for the day.

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bagoomba replied May 19, 2009Which divergence indicator are you using? I use OSMA and MACD on the 4hr just to confirm reversals, but tend to distrust "hidden" divergence.
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