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tashkent replied Nov 4, 2011market has no logic, especially these news driven days when emotions, fear and greed play the main role. if it gets to 1.386 area, nobody knows how this thing will end. there is a probability that it can enter 1.4 area. well, for the moment it looks ...
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tashkent replied Nov 4, 2011you are right, but it must drop to 1.370x zone first, and fall further to 1.365. it is bear zone
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tashkent replied Nov 3, 2011this is so perfect flag pattern on 5M, can not think of better...
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tashkent replied Nov 3, 2011i am sorry if that sounds not appropriate, but it looks like you are gambling, maybe i am wrong... anyway, why do you think it will reverse there?
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tashkent replied Nov 3, 2011in 5M chart it looks like a bullish falling wedge... who know, let's wait and see, what is the result of this ranging trend.
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tashkent replied Nov 3, 2011anybody watching bloomberg? its about Chinese intervention to EMU crisis
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tashkent replied Nov 3, 2011you are right and that is exactly why making money in forex is difficult, there are so many factors beside fundamentals, like PA, supply and demand, charts, news, market and human psychology of course too...
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tashkent replied Nov 3, 2011well, i suppose the Chinese move is purely for macroeconomic reasons, if Europe is in trouble, China will be hit too. global economy, trade balance, bla, bla.
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tashkent replied Nov 3, 2011China will support europe!! and yesterday Russia offered EU $10 bln.
EURUSD