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MarcVUM replied Jun 13, 2010I took a 5 pip from up here but here's what I've got... on the H4 there is a 50% Fib from the high on May 10th that I've got but I wouldn't be surprised if it rallies up to the orange 200sma because on the H1 the 150/200 crossover was not too long ...
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 13, 2010A/U. Coming up on that Feb low of 8577. Anyone think it will breach?
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MarcVUM replied Jun 13, 2010Oh crap! I haven't had that happen to me before. I can understand the frustration!
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MarcVUM replied Jun 13, 2010Feel good about that 11 pips...they are taking me for 13 on E/U!
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MarcVUM replied Jun 13, 2010I hear you on that! My broker takes 4 pips on A/U. Darn them!

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MarcVUM replied Jun 13, 2010That was fast. I'm out now. Need to re-evaluate and let time play out to re-enter any position. Will most likely be taking a long when I see the right candle on A/U.
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 13, 2010That should be interesting. I personally don't have the stomach for 100 pip rides in the opposite direction of my trades... you know how I roll!
I'll be watching your confluence areas. Keep us up to date on your strategy throughout the week.Nearly Naked (Simple Trades)
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MarcVUM replied Jun 13, 2010I'm with you now. Thanks a lot for going through the trouble of explaining step by step.
So it seems that if we reach the 1.2650 area it will be a great place to enter a long-term "short" as long as PA doesn't breach with overwhelming strength. ...Nearly Naked (Simple Trades)
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MarcVUM replied Jun 13, 2010No worries...I've been trying to add the Fibs to my toolbox but it's too much of an art for my scientific mind. My MA's serve me well enough.
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MarcVUM replied Jun 12, 2010I see the similarities of your chart to my own. Why did you choose to use the 1.2650 area as the 100% of one of your Fib retracement drawings and not one of the lower highs? I also saw a chart posted by Geppyg where he used the "high" lower than the ...
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 12, 2010Still accepting entries? Also, after reading Geppyg's and Shahab's thread I see their cup and handle formation on E/U which I didn't notice even though the darn handle is within my TL's that I'm waiting for a breakout on. Ha ha.
This is exactly ...Nearly Naked (Simple Trades)
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MarcVUM replied Jun 11, 2010Do you have a pool going? Here are my perspectives on A/U and E/U for next week. A/U, I think we continue higher until 8550 area and then look to short again. The highest I think we will reach will be 8577. 8550 area is where the high during this ...
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 11, 2010This is the first time in a long time that I've traded London and all I have to say is holy moly.
What are you guys/gals doing across the pond?Nearly Naked (Simple Trades)
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MarcVUM replied Jun 11, 2010Yea, I see that. A spike up is in my head right now. I'm just waiting for a candle on M15 to signal it.
Nearly Naked (Simple Trades)