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plan-b replied Apr 12, 2010It might take a while before breaking out of 1.3820 In fact i might cash in my longs at 1.377 and short it No point holding positions in a range
EURUSD
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plan-b replied Apr 12, 2010Last week i saw the potential for a second leg of the double bottom and bought into it (one position at 1.3295 still open) The risk of finding out was minimal compared to the reward(at one point today it was almost at +400) Signs of a left shoulder ...
EURUSD
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plan-b replied Apr 12, 2010Valid channel but i have a feeling that upper TL will give way I am long at 1.3305 any addition longs will be subject to reactions in the 1.3450-1.35 zone If resistance turned support does not hold then i will have to rethink My bias is mainly from ...
EURUSD
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plan-b replied Apr 12, 2010I think the problem with entries at current levels in either direction is that it's in the middle of nowhere It can continue upwards for a failure at 1.3750-1.38 area OR It can unwind for a bounce at 1.347-1.3550 Best probability trade would be wait ...
EURUSD
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plan-b replied Apr 12, 2010Last week i issued a double bottom alert which played out to perfection breaking out of a strong falling trend line This weeks call is Inverted head and shoulders Right shoulder might take days or weeks to develop bouncing between 1.35 and 1.38 ...
EURUSD
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plan-b replied Apr 12, 2010Currently might not be a good buying area, middle of nowhere. I will add to my longs big if it goes back to 1.345-1.355 image
EURUSD
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plan-b replied Apr 12, 2010Last year there was doom/parity prophesied on FF all the way from 1.245-1.51(march-november) Only jay seemed to be on that train up It was a very expensive lesson for me following the herd here trying to short it. The world is flat. This move down ...
EURUSD
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plan-b replied Apr 12, 2010Indeed whatever area was resistance(1.345-1.353) will now be support Range back in play but weekly now saying break out is likely top side(above 1.384) Only a matter of when not if Account opened today at +55% but i have taken half off the table ...
EURUSD
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plan-b replied Apr 10, 2010It will probably open and retrace down to 1.3362 plus change before taking out that upper TL which i think is still intact for now. gu might also give something back maybe to 1.52 As usual i will just open a weekly and wait for Friday close.. This ...
EURUSD
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plan-b replied Apr 9, 2010Friday is here and eu has rallied strongly Again the trade was finding yourself a spot around 1.3270-1.3305 and buying Not shorting 1.332 (30 pips away from a double bottom) The chart rules the fundamentals(not the other way round)..Greece will be ...
EURUSD
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plan-b replied Apr 9, 2010I think when mentioning monthly/quarterly closes you need to wait for current month close Lets compare notes on April 30 As for weekly open a chart going back around 5 years and draw a horizontal line at 1.3365 Then wait for NY close
EURUSD
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plan-b replied Apr 9, 2010Upper TL break might not happen today But I will post a chart when it closes above 1.35 in a week or two

EURUSD
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plan-b replied Apr 9, 2010Highly unlikely Falling wedge with double bottom at the end 1.38 might print before the end of april image
EURUSD
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plan-b replied Apr 9, 2010I'd be surprised if it went below 1.333 even 1.3362 might break the fall but it's all speculation at this point, a bullish ny close is all i'm hoping for
EURUSD
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plan-b replied Apr 9, 2010How about just buying dips The trend is down until it's not I bought at 1.4844 and i don't think its had any draw down since i entered 1.515 is proving to be formidable support Next week it will another number like 1.5210
EURUSD
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plan-b replied Apr 9, 2010Tomorrow is today and the close of this weeks candle will tell us if 1.3280 is it for now.. My screen is lighting up with all shades of green image
EURUSD
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plan-b replied Apr 9, 2010I will sleep better when a week closes back above 1.35-36 When that happens 1.40 will turn from being a typo into a realistic target Next week maybe
EURUSD
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plan-b replied Apr 9, 2010I certainly hope so but it won't be in a straight line There will be retraces after the rallies , gu retraces to bounce off 1.5150, it's now at 1.5320
EURUSD