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- cloggie replied Nov 22, 2009
at 4830 I got out of my short from Friday, nice hedge over the weekend and loaded up more on the long side. 4830 is a good price for the continued bull run. I still got my bull hat on, weekly and monthly has not given me an indication yet for a ...
EURUSD
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Reliance on indicators, or not
Started Nov 20, 2009|Rookie Talk|13 repliesA lot of traders, especially new ones, put a lot of trust in indicators thinking that prices ...
- cloggie replied Nov 20, 2009
I see that as the next minor support, however we are getting a bit late here on the Fri evening, volumes will taper off significantly it is beer time afterall. I will leave a few shorts open over the weekend especially with two bear candles on the ...
EURUSD
- cloggie replied Nov 20, 2009
Patience is a virtue, price hasn't left 4860 since 1515 GMT and is going to take a lot more then just a M1 bar touching it. You decided on your long entry based on wanting to go to sleep not on where the price was going based on your informed ...
EURUSD
- cloggie replied Nov 20, 2009
That would be a good start, couple it with a glance at MACD and Stoch to confirm direction, and a full candle above, below an appropriate ma or ema depending on currency pair, time of day and TF. There are in my opinion no hard rules covering every ...
EURUSD
- cloggie replied Nov 20, 2009
Do some more exploring here on FF, there are some good threads helping out with explanations and examples on PA's/ SR's/ MA's trends etc.
EURUSD
- cloggie replied Nov 20, 2009
And don't take everything you read as gospel. Forums like this are great for entertainment to brighten up a quiet day behind a monitor for 15 hours. Take what you read here and mull it over, try to adapt it to your trading plan and style. Create ...
EURUSD
- cloggie replied Nov 20, 2009
Still holding. You want to make sure the bar closed above the level to confirm break, if it doesn't it is only a false breakout. Too early? Don't enter a trade because you have to go to bed, there is plenty more opportunities after the weekend
EURUSD
- cloggie replied Nov 20, 2009
If 4860 holds we are still bearish, if it breaks you will be right and I will buy the coffee....
EURUSD
- cloggie replied Nov 20, 2009
I am trading it; short at 4855, target 4825, then 4800, tight SL
EURUSD
- cloggie replied Nov 20, 2009
4860 is holding 4845 next does not seem to stop the bears either, she is starting to follow the TL down. If 4845 breaks, 4825 next followed by 4800
EURUSD
- cloggie replied Nov 20, 2009
I am still on the side line, TL on M15 is only just broken, however 4860 is still there as resistance, she can either follow the TL down or break the Resistance. I am waiting either result, I do feel there is more room to move down first.
EURUSD
- cloggie replied Nov 20, 2009
It is an exotic options called double no touch where te ACB took out an option based on a time and a range, in this case 48-51. The bank puts in only the margin or haircut unless he takes out a arbitrage against for example T-bill with a certain ...
EURUSD
- cloggie replied Nov 20, 2009
I am taking my profits and sitting on the side line for the next 30 mins to make sure the upward journey continues, small resistance forming at 485-486, forming in the last 50 mins.
EURUSD
- cloggie replied Nov 20, 2009
I am with you on that, my initial target is 48980, just below the pivot
EURUSD
- cloggie replied Nov 20, 2009
I am a very strong proponent of Support and Resistances,they are great points of entry and exits, coupled with secondary confirmation on 21MA, MACD and Stoch with an occasional glance at the RSI. Also the DNT is still out there, making 48 an obvious ...
EURUSD
- cloggie replied Nov 20, 2009
USDJPY just touched 89.000, lovely round number and strong resistance on H1/H4. Then again what do I know.
EURUSD