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BillyRayVal replied Apr 16, 2009Google market 'microstructure' analysis and you can learn more about this.
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BillyRayVal replied Apr 16, 2009One thing that bothers me about the retail trading crowd is that 'your broker is out to get you, so you better watch your back'. Any retail broker would need literally tens to hundreds of millions in notional volume to move the market enough to take ...
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BillyRayVal replied Apr 16, 2009Also, bank orders are a great tool, but getting access to them is impossible. The orders that really move the market are only published on Reuters and EBS, and no broker publishes that to one another, despite common retail myths you hear all the ...
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BillyRayVal replied Apr 16, 2009They're 'iffy' to say the least. I would just stick to a regular plan. Watching them for some time, I notice the bank orders touted can be pretty much like a 50/50 shot with them. Hate to say this, and not to sound like a jerk, but levels you can ...
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BillyRayVal replied Apr 16, 2009Long GBP/USD 1.4612-1.4602 — Hi all, The former 50% retracement of 1.5722-1.3501 is 1.4611, and 1.4600 has a good history behind it in general. Just watch out for spastic sell-offs as cable is, in general, considered 'overbought' at the ...
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BillyRayVal replied Apr 10, 2009Hey old timer! So what you just jump in after a year or 2?

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BillyRayVal replied Apr 10, 2009....also, take a step back and look at the higher lows being made on the 4 hr (end of march and beginning of april). No real news though....just some basic trend continuation squeezing out before the holiday weekend. Going to be pretty quiet ...
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BillyRayVal replied Apr 9, 2009Long EUR/USD 1.2994 area (10 pip range) — See if we can get the ball rolling again here.... Pretty textbook move. This high is jutting out all on its own here. If it hits tonight or tomorrow I'm not interested....holiday weekend.....but that's ...
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BillyRayVal replied Apr 9, 2009It can be tricky. The best breakouts occur when price is not already tremendously oversold or overbought. Like this morning, we got a massive fade off of the highs there and it came racing down, false breakout, whaaa. But if it's creeping and ...
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BillyRayVal replied Apr 9, 2009No kidding.......I was weary when I saw price shooting down like that from 1.4690. That kind of pressure usually the other way around.
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BillyRayVal replied Apr 9, 2009No problemo! Twitter working out well too...here's the link if anyone wants in - getting good feedback here: url .
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BillyRayVal replied Apr 8, 2009Hi bartha, I like the breakout area. The only thing that concerns me about price follow through is that 145.12 area is support, right underneath the zone. If it can make it through that pretty clean, should be a good trade. Watch the current zone on ...
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BillyRayVal replied Apr 8, 2009Thanks, I like Twitter, will keep using it, just couldnt figure out what happened last night with a few of the posts.
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BillyRayVal replied Apr 8, 2009Hoorah! 1 hour rules the world. Better believe it
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BillyRayVal replied Apr 8, 2009Why 1.3155? — Pretty easy actually. If you look at alll the x's on this chart you'll see that the lines are all drawn from the top of the hourly highs where consolidation either began or ended before or after spikes. These almost always ...
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BillyRayVal replied Apr 8, 2009Me too! I know I had an issue with it last night and the EUR ones disappeared. I have no idea how. I'm new to Twitter too but if I see something like that going forward I'll do my best to get it in here as well.
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BillyRayVal replied Apr 7, 2009Quick on cable - I need to vent — 1.4777 seems to be the number to beat for longs at this point. Ahead of that, 1.4876 is minor resistance, and if the highs get seen (1.4987) I would expect them to get taken out at this point. I'm looking for ...
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BillyRayVal replied Mar 25, 2009And FYI - I think where most traders suffer is that they either do not have the patience or discipline to implement a good risk/reward system or they simply take profits too early and not let winners run. Most importantly, if you know you're wrong ...
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BillyRayVal replied Mar 25, 2009I would always say just start from the beginning and only take trades that have a wide and reasonable profit target....here alot of times we use the example of 150 pips. You can then just do some basic math to establish a good risk/reward scenario ...
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