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SnaveForex replied Aug 12, 2012well 61.8% of that impulsive move.....usually tend to reverse there especially impulsive moves without any retrace

EURUSD
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SnaveForex replied Aug 12, 2012closed all shorts at 2271 2269 is critical a break of that we see further downside besides there is upside potential.. asian are back at the desk

EURUSD
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SnaveForex replied Aug 12, 2012I guess...but i know quite a few pro traders who are short heavily on es 2269 looks like a good support
EURUSD
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SnaveForex replied Aug 12, 2012will be buying the lows again into 1.23 I anticipate another impulse or truncation of wave 5 according to H4 will be selling any rallies es touched resistance on friday 1405. That rally was unreal...wait and see game i guess
EURUSD
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SnaveForex replied Aug 12, 2012going south?..we are at lows again..sell at a low is not a good plan current levels are pivots and supports it would have to show further weakness. In my view it will be choppy and sideways until London
EURUSD
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SnaveForex replied Aug 12, 2012Check your fibo lines...you drew the line from when it made a lower high

EURUSD
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SnaveForex replied Aug 12, 2012No..No.. You are just looking at the lower time frame...there is a term called multiple timeframe analysis. You have to narrow it down from the bigger time frames...eg. you draw support and resistance lines on H4 timeframe and trade of M15. The ...
EURUSD
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SnaveForex replied Aug 12, 2012I totally agree..according to elliott waves truncations do occur in 5th waves. it could be W at support OR M at resistance url
EURUSD
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SnaveForex replied Aug 10, 2012i can't tell but it will until another impulsive wave to just linger around those levels and then another impulsive wave 5...it may change...this is forex again
EURUSD
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SnaveForex replied Aug 10, 2012i follow elliott waves a lot..well may be i try to count. He must be right because I pretty much have the same count according to H4 chart currently in wave 4 correction but don't know where wave 5 will end. I anticipate a truncation W at those lows ...
EURUSD
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SnaveForex replied Aug 10, 2012Fridays is traders who lost during the week. es hit resistance 1400 and she is dropping now. I know darn well a lot of traders short ES rally. Other say it doesn't make sense of this rally NY should do some fireworks today

EURUSD
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SnaveForex replied Aug 10, 2012looks like a bounce...but on another note the the pair touched resistance @1.2315
EURUSD