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FibbinArchie replied Nov 24, 2010Massive increase in retail over past few years may have something to do with it...
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FibbinArchie replied Nov 24, 2010Someone should do a quantitative study on how often the market does a sustained move in the direction indicated by the numbers, I would bet that it is less than 50% of the time...
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FibbinArchie replied Nov 24, 2010The numbers are next to meaningless imo unless it's like a massive discrepancy between actual and forecast on say NFPs, half the time the market head fakes and goes in the opposite direction anyway...
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FibbinArchie replied Nov 24, 2010It can be done profitably, but you must be an experienced PA reader and the key is to not get greedy, close out as soon as the retrace stalls...
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FibbinArchie replied Nov 24, 2010I think there's a lot to Elliott if you understand it... What doesn't help is the manner in which the principle text (Frost & Prechter) on Elliott is written. However a lot of this other analysis methodology does kind fly in the face of the KISS ...
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FibbinArchie replied Nov 24, 2010I got 322x to 323x next if we break the low... Logical upside target now moved to 358x...
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FibbinArchie replied Nov 23, 2010Well it could help if you were to have a tendency of charging in like the cavalry... What's windex? Right, gonna get some sleep
and see what's occurin' at Lon NY overlapEURUSD
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FibbinArchie replied Nov 23, 2010anyways I'm looking at 333x for long and maybe 352x for a short position trade, until then it's gonna be scalping... this range is too tight for now so adiós and good hunting...
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FibbinArchie replied Nov 23, 2010Stick a post-it note on your screen saying something like, "the market pays you to be disciplined" it really helps with focus & patience...
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FibbinArchie replied Nov 23, 2010Yep, just a dead cat bounce when you put it in context of the fall, then again it is Asia, we may get a more solid retrace in London...
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FibbinArchie replied Nov 23, 2010Sounds sensible Stan, but I do like the low liquidity moves, just scalping 5 to 10 pips at a time, amazing how quickly you can rack up profits...
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FibbinArchie replied Nov 23, 2010Same here. Jeeze forgot all about FOMC, nearly got an ass whipping there... So what's the up shot? good, bad or indifferent?
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