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- Jhig replied Dec 19, 2008
New 4 Hour candle due in the next minutes. It may shoot up or down. 4 Hour chart shows a possible retracement back up but it may shoot down. Who know
EURUSD
- Jhig replied Dec 19, 2008
He gave the green light but brought the market to a skreeching hault. I don't think no one knows where the market is going. May have to wait and see what the Dow does
EURUSD
- Jhig replied Dec 18, 2008
Market is all over the place right now. Looks like a fight for power. 10-20 pips jumps here and there. Looks like short and long coverings at the same time.
EURUSD
- Jhig replied Dec 18, 2008
I'll agree with you on that one. 5M chart showing possible continued uptrend
EURUSD
- Jhig replied Dec 18, 2008
From the very top of that long move ... expect at least a 100pips or more downward. That was a huge move in a very short time. Traders will not let that ride ... they will pocket the money and wait for another setup
EURUSD
- Jhig replied Dec 18, 2008
I wouldn't get in now, unless you are very good at counter-trend trading. At this time, traders are closing out long positions and pocketing the money.
EURUSD
- Jhig replied Dec 18, 2008
Don't feel bad. I miss all of yesterday's moves while shoping with the wife. Was not happy when I got home. Rather be making money then spending it.
EURUSD
- Jhig replied Dec 18, 2008
Only been up for 15 Minutes and the morning is starting off Pretty Good
EURUSD
- Jhig replied Dec 17, 2008
Before the year is up ... definitly! I even believe we'll get close to E/U high of the year, which was 1.6000. Call me optimistic ... but the momentum is there.
EURUSD
- Jhig replied Dec 17, 2008
I too am baffled why traders think the market is going to turn in USD's favor. Its not going to happen in 2008. Mid to late 2009, maybe. I think a few of you all are mistaken 'retracements' for trend turns. Or you are counter-trend traders. Or you ...
EURUSD
- Jhig replied Dec 17, 2008
A lot of short coverings at the moment. I guess everyone believe a retracement is in order
EURUSD
- Jhig replied Dec 17, 2008
I was a Super Senior in college before I decided to graduate and get my act together. So much to learn when your green/wet behind the ears. Take it slow. Build your money slowly and take advantage to movements like these.
EURUSD
- Jhig replied Dec 17, 2008
They only work if you know how to use them. You need to read up on these indicators. RSI for example, should not be used on no less than a timeframe of Daily/Monthly/Weekly. These days no one has an understanding of using them the "right way" Visit ...
Fibo, MACD and RSI, is it enough ?
- Jhig replied Dec 17, 2008
I agree. Im bull as well. Trend will continue up. There is more than enough momentum to push Eur into a higher price class. Usd has nothing but the hopes of 2009 behind it ... unfortunatly that is not enought at this time. Trends up until 2009.
EURUSD
- Jhig replied Dec 16, 2008
Looks like price may be heading to 1.5000. So the Eur may be heading to its high of the year of 1.6000
EURUSD