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james16 Chart Thread
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Sep 28, 2010 1:43am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Fxknkw987
..since I am not that old and I received your leeway. I will try harder to look for these and their explanations.
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ooops 
are u younger than me?
sorry.
anyway, u will find it's actually easy as u go along. just takes time 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 28, 2010 5:11am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by M.A.C.Doug
there is one thing better than this... What do you think?
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sounds like a good 'ball pass' 
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Failure is the mother of success: learn from 'her'
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Sep 28, 2010 12:09pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by novice198
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Someone had mentioned that he/she uses Finviz...
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JonnyisFound does. 
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 28, 2010 11:48pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
Hey Mike, so if the BEOB was bigger it would have been one for you to take.
..
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Great charts as always from the seniors here (Sir jarroo & mbqb11)
like Mike, i've been bullish eurgbp since early September, ( mid-Sept. post i just dug up), probably much earlier (cant remember.. amnesia lol)
i think the key in these IB trade was the trend. eur is strong. (the 4 bars wound up very tight, plus it's on the 0.8500 BRN, so the wild move is quite expected, imho)
& i agree that the move down (false break) did hit its support/minor target.
good posts (all posts about eurgbp) 
Last edited by supremeChaos, Sep 29, 2010 12:03am
Reason: add
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Sep 29, 2010 3:50am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by mbqb11
an area of interest for sure
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Parity!!!!!!!! 
1st time in about 28years.... pretty significant event 
Let's see if it can be reached soon.
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Sep 30, 2010 7:13am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
T... the other day when you posted those charts it was like a revelation for me. It just hit me.
....You maybe think those three posts werent a big deal but they were for me....
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which specific posts were these?
Thanks!
__________________
Failure is the mother of success: learn from 'her'
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Sep 30, 2010 8:27am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
Here 1, 2, 3
... I just saw that you...
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Thanks Sir
i just enjoy helping others. im a Boy Scout 
... & i enjoy answering the easy questions here 
__________________
Failure is the mother of success: learn from 'her'
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Sep 30, 2010 9:16am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by ppfx
Does anyone know whats happening to the pound? I mean i see a 100+ pips moves on GU, GJ, GC and there arent any GBP news
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u sure there are no news? (perhaps there are other currency news)
if so, then the eurgbp chart has the answer... 
it's been B U LL I S H
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Oct 1, 2010 1:53am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
You have no idea....
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wow, this post was lengthier than i expected.
(the small fonts right at the last part did its job  )
Many thanks.
now, going back to read, re-read it 
__________________
Failure is the mother of success: learn from 'her'
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Oct 1, 2010 1:59am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Imphilomath
Any thoughts on EURAUD Montly pinbar ( though time to go to close the bar)
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check out the last 10- 20 bars.
in the context of the strong downtrend, this small PB is unappealing. plus its close is right at/ below the prior bar's low.
having said that..
if 1.40 - 1.41 holds, i see potential for (what currently looks like a limited) upside towards 1.42 - 1.4350 (check Daily &weekly charts)
clearly, there are much better setups out there...
just have to find what suits u 
__________________
Failure is the mother of success: learn from 'her'
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Oct 1, 2010 2:08am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
...
These hands have a mind of their own sometimes (or at least, that's what I claim when a girl tries to slap me)
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u slap a girl back? or u catch her hand in mid-air?
i wonder why girls never slap me... they always  me
(your hands are smarter than your brain s.. that sounds dangerous  )
********
it's Friday, & October the first, happy weekend all 
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Oct 1, 2010 3:39am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by joelcf
...The reason I dont see much upside for AUD is that I dont see anything to drive greater inward money flow...
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interesting view.
i'll keep that in mind.
PS: please tell your hand to type much much less 
__________________
Failure is the mother of success: learn from 'her'
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Oct 1, 2010 4:42am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by slade1986
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Plan on running the micro for the next several months, maybe I'll be lucky and just upgrade the micro 
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simply amazing, Sir 
Keep posting!
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Oct 1, 2010 5:45am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by geomink
a) USD/CHF
b) GBP/USD
What's wrong?..
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can u share your charts?
in FXDD, gbpusd BEOB never broke; usdchf BEOB hardly broke.
what's wrong?
simple answer would be: Trend. (those 2 PA setups are Countertrend)
both bars havent completely failed yet.
__________________
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Last edited by supremeChaos, Oct 1, 2010 6:56am
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Oct 1, 2010 5:47am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
But but?. This Time Is Different!
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slowly, u are sounding (& typing) like joel
more lengthy posts to read &study 
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Oct 1, 2010 6:01am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by billm
my FXpro demo doesn't show a weekly BUOB, neither does my demo Interbank FX .. which puts a totally different slant on things. Maybe demo feeds are not to be used ?
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not necessarily.
personally, i use demo & live feeds for trading.
having other feeds helps in this situation. try to look at 2-4 feeds.
if u cant/dont want to, then simply trade what u see on your feed.
no need to get frustrated: u wont see/get it all, just like some good trades that we often miss. 
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Failure is the mother of success: learn from 'her'
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Oct 1, 2010 6:06am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
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What do you think James16 is going to do with the EU trade now we are at this crucial area.
Take some more off the table, SL to BE+ and just ride it out?
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u missed his earlier post
of course, we try to bite a few chunks off of the trend while trying to stay in it as much as we can.
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Oct 1, 2010 6:10am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by geomink
chart
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where are your entry prices?
that BUOB barely broke upwards too.
0.9870 area then 0.9900 are potential immediate problem areas.
so careful..
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Failure is the mother of success: learn from 'her'
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Oct 1, 2010 6:56am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by john225
Does this means that you guys are trading only countertrends so if we are in a long uptrend you are shorting BEOB and if a BUOB comes in the uptrend you would pass it?
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sorry, i failed to clarify.
i was referring to the 2 setups mentioned (the 2 setups were Countertrend, imho)
i just edited that post.
for newer traders, it's better & easier to trade pro-trend setups.
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Failure is the mother of success: learn from 'her'
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Oct 3, 2010 4:15am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by fxtsun
That's makes a lot of sense. I also think there is a "little" more bullish momentum.
Yes I agree that it's smaller than the pin formed on 04/04/2010, but the reason this setup looks interesting to me is because the RSI shows a nice hidden divergence. ...
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(looking exclusively at your chart)
IMHO, an indicator divergence should Not be part of a trader's main reason to take a trade.
WHY? divergences get killed in strong trends.
divergence is part of the 'confluence' category, IMHO.
price may drop from here but i felt the need to point this out.
btw, u incorrectly plotted your RSI divergence. (im referring to the left part of the RSI div.; it does not correspond to the price div./ 4/4/2010 pin)
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Failure is the mother of success: learn from 'her'
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Oct 3, 2010 8:29am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by xmzhang
Well lemme explain a little more in detail...
I didn't want to make you guys yawn so didn't write this down in the post.
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the PA setup's size & form is not a typical setup traded here, IMHO
so i believe it warranted a 'little' more detail, right from the start.
new & old traders can learn from these. 
& this is a learning thread, im sure only a few will yawn. 
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Failure is the mother of success: learn from 'her'
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Oct 3, 2010 7:43pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by danielga
enough to go short?
....
5)middle line fork
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Hello danielga,
if i remember correctly, the midline of an AP (Andrew's Pitchfork) is not always respected to the pip.
also,
- herein this thread, we look for PA setups as confirmations to trade off of.
-IMHO, uptrend is still intact.
just my view 
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Oct 3, 2010 8:18pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
A quick look at the weekly, supports SC's theory.
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it's not a theory,it's a FACT!
just kidding guys/gals, dont take me seriously. 
its only past 8am here & im posting while im still 
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Failure is the mother of success: learn from 'her'
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Oct 3, 2010 10:14pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Pinbar
EUR/CHF may be worth keeping an eye on.
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if bearish PA (if it will exist) cant breach 1.3300 -1.3400 area convincingly, i expect price to reach 1.37 - 1.40
Quote:
Now, it seems to be getting a little easier to see what is going on
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u mean, as one learns more, things get easier?
i think, most definitely. 
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Oct 3, 2010 10:22pm
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Borderline yahoo & oh-no!
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is joel, the big guys & BOJ intervening in Yen again? 
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Failure is the mother of success: learn from 'her'
fortes soli superant
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Oct 3, 2010 10:35pm
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by Cyrus
Word's that it was a big momma buy order and not BOJ
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big momma buy order?
does it mean it's a gazillion buy order? 
better short more Yens..
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Failure is the mother of success: learn from 'her'
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Oct 5, 2010 2:45am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by dmuk
I have been following this thread...
For example, we are being told to look at price action around key areas. Key areas feel like every point on the chart - Big Round Numbers, 50 or 61.8 Fib, Horizontal or Diagonal Trend Lines, Retrace or Bounce or Break Out. I can open up any chart and effectively find this everywhere!
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A lot of it feels so subjective - not just the analysis but trade management.
.....
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Hello dmuk.
just a quick answer:
if u are new to this,
IMHO, the path is
1. objectivity (study the basics)
2. subjectivity (putting in your personal touch;trading based on your personality, comfort level)
yes, u can say "I can open up any chart and effectively find this everywhere", but the question is, will YOU trade EVERYTHING that u see?
here is where objectivity & subjectivity comes in.
objectivity, in the sense that u will find & trade the best setup, as opposed to trading all setups that u see.
then, subjectivity, in the sense that u will choose how u will trade & manage the trade, based on your personal taste, comfort & risk profile.
Something to think about 
Continue to ask questions....
__________________
Failure is the mother of success: learn from 'her'
fortes soli superant
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Oct 5, 2010 3:54am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
I like to see how it reacts to the .8700, if it gets there.
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i think it will blow pass through it. 
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Failure is the mother of success: learn from 'her'
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Oct 5, 2010 4:05am
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Borderline yahoo & oh-no!
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Quote:
Originally Posted by jarroo
. . and then act as Support . .the up trend is strong . . you got to show me 1st. 
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haha. yes..
the market will show it to us. 
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hopefully..  lol
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Failure is the mother of success: learn from 'her'
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Oct 5, 2010 4:32am
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Borderline yahoo & oh-no!
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Quote:
4 pips. I know it's below the std/min 10 pips for Daily but I reckon to have more pips to gain before reaching the FTA of 1.86.
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Quote:
Originally Posted by ertorque
Sometimes you 'hope' 4 pips is enough...
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put a line at 0.8625. Daily chart
extend that line back towards around January20, 2010.
u will see it acted as a PPZ.
now, go to the H1 chart.
assuming u were not aware of that 0.8625 Daily PPZ..
on the H1 chart, u will see that 0.8625 still acted as a PPZ. (September29 onwards)
add the idea that eurgbp trend has been strong.
u will come up with the conclusion that shorting eurgbp to catch a 25-30pip FTA (specially with a smaller-than-ideal, 4-pip buffer) is impractical/risky.
based on your post, i feel u are either an aggressive trader or simply trying to chase some pips. (i know because i am/do both, lol  )
whatever happens, manage the trade well 
Hope that helps
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Failure is the mother of success: learn from 'her'
fortes soli superant
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63 Traders Viewing This Thread (18 are members)
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Atom, Invisible, berisinc, ertorque, shadydesert, Pinbar, One day!, Bsn, jarroo, poitier, Dave.P, Invisible, HanSolo, Invisible, Adilius07, plund, tenderbob, thedell
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