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- cloggie replied Dec 9, 2009
If your system makes you money and tells you to exit a trade continue to do so, but look at where it goes from there and figure out how you could identify that. Don't use this forum as your strategy.
EURUSD
- cloggie replied Dec 9, 2009
You probably could have hung on to it till about 71, but then I am not a scalper.
EURUSD
- cloggie replied Dec 9, 2009
For a commodities country like NZ in light of falling prices it shows confidence that the base rate is still at 2.5
EURUSD
- cloggie replied Dec 9, 2009
The last H1 was a nice bull candle and this one is moving above 25ma with the last M30 fully above 25ma. The bears are loosing steam here a lot faster then they did yesterday. This may be the end of the retrace...
EURUSD
- cloggie replied Dec 9, 2009
No need for anyone to post today, just rewind yesterday and read all the posts from the last time at 468, no change here.
EURUSD
- cloggie replied Dec 9, 2009
Typical Bloomberg shadow boxing; if this breaks it goes up, if that breaks it goes down
EURUSD
- cloggie replied Dec 9, 2009
Thread drift, possible short setup depending on your system, TF and correlation on UJ
EURUSD
- cloggie replied Dec 8, 2009
if 4712 goes, we go up, if 4680 goes we go further down. And on that bombshell, I am calling it the night, see y'all in the morning
EURUSD
- cloggie replied Dec 8, 2009
Still tap dancing around 47, NY close dragged it briefly to 4687, will need Tokyo to get this thing away from 47 for a test of 4625 in my opinion based on PA here
EURUSD
- cloggie replied Dec 8, 2009
Just typical round number pole dancing, it will need an impetus to move away from a round number and with the time of day, the close of NY may give it the impetus; I feel fairly confident it will test 4625 before heading back north.
EURUSD
- cloggie replied Dec 8, 2009
Back to trading, lets see if the glue holding it to 4700 is letting go now and if the retrace continues to 4625
EURUSD
- cloggie replied Dec 8, 2009
If you think that it will retrace to 4625, why not put in a limit order at 4625 plus your spread, set the SL and TP according to your stategy and r/r, or just wait till you wake up in the morning, unless you carry trades.
EURUSD
- cloggie replied Dec 8, 2009
My trading is based on 3 different strategies with 3 different TF's and an occasional shorter TF intra day trade, I have projections on the monthly of 54 and 57. If the Daily and weekly give me an inkling of reversal I will hedge some of the later ...
EURUSD