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govno replied Jan 7, 2009You looking at a H1? It would be wise to see if the price will reach the 3645 support level before going long, would you agree? I have a 3841 set too but I don't know when to get in. Can you share your methods, how would you enter this?
EURUSD
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govno replied Jan 7, 2009I posted a chart earlier, I believe we're heading towards 3820. I don't know where the retracements will occur but if I trust my lines I believe 38 is our target. Now I'm just a newbie so you might not want to take my posts for granted.
EURUSD
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govno replied Jan 7, 2009My opinion is we're heading towards the 3820 resistance level. This is a H4 chart of mine, small pullbacks are expected but generally we're heading up and then we'll see where to go next. H4 EUR/USD image Daily EUR/USD This a daily chart and I ...
EURUSD
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govno replied Jan 6, 2009Indicators do work but they don't work all the time. It all depends WHEN you look at the indicator and trade off it. If you're in a major uptrend and your indicators point downwards you will go SHORT and then you wonder why you lost money. Stochs ...
Naked Chart Trading
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govno replied Jan 2, 2009Thanks guys, there are so many pointers which could lead you to the wrong direction. How do you stay on track? I have a support level line set at 3820 and it hasn't been broken since Dec 18th when it has been set and a few times in the past few days ...
EURUSD
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govno replied Jan 2, 2009Could it be Descending Triangle forming on H4? Are we looking at a run downwards? image
EURUSD
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govno replied Dec 31, 2008Anyone shorted? 150pips, nice present for ny eve
Happy 2009 and see you in the next year!EURUSD
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govno replied Dec 30, 2008What I am afraid are those two hammers on H4 which point upwards but on H1 there's a shooting star and a hanging man forming which indicate of a possible reversal towards down.
EURUSD
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govno replied Dec 29, 2008Broke the resistance level, now we're looking at a 4500ish, correct?
EURUSD
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govno replied Dec 29, 2008Why 4325? I've set a resistance level at 4320, it got hit so if it brakes that level, our next target is 4485ish, correct?
EURUSD
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govno replied Dec 29, 2008Finally the patience has paid off. TP @ 4200, took some pips. Glad I've learned another lesson. So here's what I've got next. It should hit the resistance level at 4320 and after that, we'll see. image
EURUSD
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govno replied Dec 23, 2008Sometimes I just don't get the news and the reason why the currency goes the opposite way.
EURUSD
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govno replied Dec 20, 2008They're all bucket shops, accept it. Yours is just to choose a good one. I have an account at Oanda and IBFX. I like the way Oanda handles lots and five number prices and their execution is really really fast, instantaneous but I didn't like the ...
Is IBFX really different from the other brokers?
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govno replied Dec 20, 2008Hey all, nice thread. Why do you draw diagonal S&R lines, aren't they horizontal? This bothers me as I've been taught S&R lines are drawn horizontally and trend lines in the way of the trend so what's up with that? And why do draw it from wick to ...
Drawing correct resistance and support-lines
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govno replied Dec 20, 2008Hi all, I've read the whole thread and just want to add one thing. I think it would be good to watch Stochs on three different TFs and trade on the lowest one when they all point to the same direction. Use the same settings on all TFs. I'm still ...
Stochastic secrets
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govno replied Dec 19, 2008url This will probably increase the value of USD, we'll see if the EU will continue to 50% Fib level. I'm eager to see how the market will react to this.
EURUSD