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ruffryders replied May 11, 20116560-6580 going ss before than is not highly recommended. why go ss if GU is only gaining momentum?
The WoRmHoLe
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ruffryders replied May 11, 2011EU pending ss order at 4337 SL 4400-4420 and TP at 4160 initially.
reason for the ss: strong 4400-4420 PPZ and strong daily downtrend in play. IEURX below MP/WP levels.The WoRmHoLe
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ruffryders replied May 11, 2011EG for sure is decent, if euro continues to decline, as it did last week and GU stays at least at current levels, EG will decline to 8500 very soon, I have a pending short sell order with SL at recent high at 8815 TP is around 8540 area. Nice play ...
The WoRmHoLe
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ruffryders replied May 11, 20116560-6580 area holds the key for future PA development on GU, I'd fancy going short upon some indication of reversal.
The WoRmHoLe
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ruffryders replied May 11, 2011Also interesting how on H6 the bar, which wasn't a true H4 pin bar, was a classic text book example classic pin bar at a 50 important fibo from latest PA swing high/low.
The WoRmHoLe
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ruffryders replied May 11, 2011it's a sliding H&S pattern on H8, see for yourself. image
The WoRmHoLe
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ruffryders replied May 10, 2011long gu and dragon on gu H1 tall as pin bar, tight SL and move to BE once some upside cleared.

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ruffryders replied May 10, 2011monthly pivot is actually 1514
regardless of the direction we need a retest either for a new wave of short selling or break out to revisit recent highs.XAU/USD & XAG/USD - Gold & Silver Traders Thread
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ruffryders replied May 9, 2011going short aussie / kiwi turned out to be idea, and here's why, good thing I had a dragon trade break out my way and quickly skimmed profits before it turned ugly.
That kinda reinforces the point that you always gotta check larger TF before even ...The WoRmHoLe
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ruffryders replied May 9, 2011sailor68 I like your trade setup on kiwi, it's kinda doing a BEOVB on H4 as well.

The WoRmHoLe
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ruffryders replied May 9, 2011Bearish Outside Vertical Bar suggesting a bearish reversal

The WoRmHoLe
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ruffryders replied May 9, 2011Fair enough, actually that could be treated as a breakout trade, with downside covered by my order and upside prolly get in long above 132.37 TP @WP. yen hovering above WP suggests that it's a real option.
The WoRmHoLe
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ruffryders replied May 9, 2011XAU H4 potential (high prob) BEOVB setup TBC as we speak.

The WoRmHoLe