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shellsnail replied Nov 14, 2012my personal take is that on days like this we need to go with the odds
but I guess different views here on what the odds point to.Trading EURUSD only
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shellsnail replied Nov 14, 2012again, very rare based on historial simulation. but does occur once every 1/20 days or so... yesterday was one such day, but no engulfing candle at 7am... doubt this breakout will fail without at least going for 30-50 pips. in fact i'll be bold and ...
Trading EURUSD only
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shellsnail replied Nov 14, 2012seems to me pretty legit. haha, but it's like hoping for moderate volatility and no yet momentum in any one direction, seldom go well together... I think final push may come from 9:30 UK news... who knows.
Trading EURUSD only
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shellsnail replied Nov 14, 2012my client hanged at around that level too... maybe too many orders getting filled in the market.
Trading EURUSD only
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shellsnail replied Nov 14, 2012oh no... maybe it might turn out to be a good thing? but personally I'd be pretty happy if I manage to get in at that level.
Trading EURUSD only
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shellsnail replied Nov 14, 2012the question here then becomes not one of whether buy or sell, but rather, how far will this go up by... im t/p at 20 and 40 pips... will be extremely surprised if this fails to the downside. but then again this market has been nothing but surprises ...
Trading EURUSD only
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shellsnail replied Nov 14, 2012Statistically, the bullish engulfing bar (i.e. false break to one side and break out from the other within 60mins) at 7am GMT has never failed to produce a break out on the EUR/USD of at least 30 pips.
Trading EURUSD only
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shellsnail replied Nov 13, 2012I think we are seeing the start of the counter-trend move up... the reason why this is so hard to trade is because counter trend moves often start with large retracements, so it gives the illusion that it's trending down... and we never know when ...
Trading EURUSD only
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shellsnail replied Nov 12, 2012one last thing, market looks on its way to form reversal bar, could be interesting.
Trading EURUSD only
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shellsnail replied Nov 12, 2012okay, slow market...Im going to sleep
good night guys, uneventful day again.Trading EURUSD only
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shellsnail replied Nov 12, 2012US is Risk-off now... maybe wait after fiscal cliff.
Trading EURUSD only
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shellsnail replied Nov 12, 2012yes unless we get a 4HR pinbar here that closes above the previous low... then we are onto something.
Trading EURUSD only
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shellsnail replied Nov 12, 2012exited early for profits.don't like the fact price stalled.
Trading EURUSD only
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shellsnail replied Nov 12, 2012i exited longs and entered short at 1.26890 target: 1.26743
Trading EURUSD only
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shellsnail replied Nov 12, 2012ok we will see how it goes, I have my trade on, I know where to exit for t/p s/l. will be fine.
Trading EURUSD only
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shellsnail replied Nov 12, 2012this is a rare case, usually it'll retrace at 50-75% range, but now it has retraced beyond 100% BUT didn't close beyond. Experience tells me that this kind of deep retrace will produce huge swings. Just because you were taken out once due to a rare ...
Trading EURUSD only
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shellsnail replied Nov 12, 2012You are contradicting yourself by talking abt fundamentals like dollar strong is good and banks play an important role... folllwing the market means looking at the chart which tells me trend as changed. it's okay you don't have to agree
I know my ...Trading EURUSD only