4Hr DTL — Here is a good place to retrace guys, my ace in the hole.

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Correct — We may correct back to the 2850 area.

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Agreed — Yes, but my comments are directed to newer members. You are expierienced trader like myself. I always try to help the new guys because I was helped a long time ago by someone just like myself. Jim

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Scenario — The Scenario that I had yesterday still exsists and will be in place until a new Daily high is created. If that happens, new fibs will be drawn and new levels described. This is the current Daily chart and buy levels.

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All targets hit — OK, all targets on the long side were hit. Now we need to see if we either get a Double Top or a new Daily high. See what happens when you wait after a news release. Good things happen.

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LOL — You just have to have patience and wait, and Yea, Im sure about that! Jim

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Bernake — Bernake speaks again in 1/2 hour.

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OK — Then that would be fine for me and I would then adjust my strategy. Too much guessing in here. You need to trade what you see. I am always changing my strategy when the marke changes.

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Look — I am seeing dollar strength on my U/Cad trade and that is what I am ging by. If you want you can put a pending trade above the last high or below the last low if you are unsure. Just be careful, anything can happen during these releases. ...

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Always wait — I always wait, I never trade releases unless I am already in and I am already in long here. So I will hold my position.

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1.2920 — My 2nd target for my long is 1.2920 and I would love to see this broken. A double top on the Daily would be nice. then those deep pocket trades look evenbetter.

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CAD — Cad news is helping to hold it and push it dwn a bit here. Just wait till they go away

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Typical — Give it a couple of hours

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1.3000 — We could test that high this week with those numbers.

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Still there — These Daily numbers I am talking about for great long term trend trades are still good until anoter Daily high is made.

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Bad news — Bad news for the home team as U.S. gets a wicked number thrown at it.

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LOL — You have to learn how to trade both ways in this market. There are no sides to take here. I dont understand this comment? I have made pips going both ways this week. Sounds like you got bit pretty bad... Jm

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4Hr — On the 4 hr this will be in the form of a single test of the UTL. Jim

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Resistance — Resistance broken long, we prolly see a test of the pocket formed from the 2 trend lines. For those who dont know< that is a good thing.

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25 pips — Selling at 2771 with T/P at 2742 for a 28 pip scalp

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