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- Spectre2006 replied Jul 30, 2006
price bias..gbp and eur at key levels.. they could easily gap up here 100..200 pips.. .. usd/jpy could follow their sentiment and gap down...
Spectre's Corner
- Spectre2006 replied Jul 30, 2006
trading countertrends is hazardous to your health.. if your going to do it .. trade very small..till it confirms itself.. then add to it ..as price bias shifts to your favor.
Spectre's Corner
- Spectre2006 replied Jul 30, 2006
risk has increased to be long this position.. the price bias is usd negative.
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- Spectre2006 replied Jul 30, 2006
price action is still usd favorable.. we didn't breach the open range.. usd should rally versus jpy...here.. I'm getting long.............finally.
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- Spectre2006 replied Jul 30, 2006
middle east temp.. cease fire.. gold downward stint. risk aversion trade.. may fallout of basket. oil should be down too..
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- Spectre2006 replied Jul 30, 2006
Asia is green.. nikkei up 170... people pile into that country currency to ride the intradays trends ..then move with the sun to europe ..then usa..so ultimately they will end up buying usd to ride the usd intraday session in equities or bonds.
Spectre's Corner
- Spectre2006 replied Jul 30, 2006
yeah.. basically in forex or trading dont fall into 'love' with your position it will decimate your account. Just like women. just try to discern price bias minute for minute or sec per sec.. over time in a given session.. then summate them to tell ...
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- Spectre2006 replied Jul 30, 2006
where the range in price narrows over time, basically a battle between two opposing factions in the market...when it breaks.. everyone piles on board to ride it for 50-100 pips or more.. even the opposing side.. if quick to act can profit from it.
Spectre's Corner
- Spectre2006 replied Jul 30, 2006
compression wedge.. or open range stops being taken out.. two choices..
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- Spectre2006 replied Jul 30, 2006
downside target if it confirms is..1.2675.. but the highs might be tested first.
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