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altrader replied Oct 24, 2008it'll probably struggle if it gets close to 2650 and may reverse and go back down.
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altrader replied Oct 24, 2008tune into bloomberg or CNBC on tv. There is a 'limit down' constraint enforced on Nasdaq, S&P 500 and Dow until the exchanges open for the day.
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altrader replied Oct 24, 2008I'm just going to observe this situation closely I have my fibs etc. I'm not going to trade this with my Live account. I'll just wait and see and learn
The markets won't run away--even if we fall another 10cents in this session 

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altrader replied Oct 24, 2008ahh ok, thanks dude. It must be my end then. Strange thing is that everything else works fine. My fxpro MT4 demo account is working fine. Thanks for checking fxgame for me though

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altrader replied Oct 24, 2008is anyone else having connection problems with Oanda's FxGame demo account?

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altrader replied Oct 23, 2008I'm thinking of going short if the fib shown below is breached strongly enough.
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altrader replied Oct 23, 2008Yeah, I've heard of Auslanco. I was meaning to look up his posts. Thanks for reminding me
That's cool that your sister lives over here in in Aus; it's a great place to live 
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altrader replied Oct 23, 2008Still heading down, I'd say. Shown below is the chart on the H4 time frame. You can see a bit of a bounce off the lower H4 trend line but it still appears to be inclining downwards. So I'm still very bearish as I'm sure most you are too as well

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altrader replied Oct 23, 2008If we get to 2727 again or a little lower (say, 2700) then according to my fibs we should get taken down to 2200. But yeah I agree that we should be heading down if certain levels are broken.
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altrader replied Oct 23, 2008Just a quick update of my trendlines. I'm short on my demo account and taking profit at 2790 My stop is far away at 2866. This isn't a good risk to reward ratio but I put the stop there because it woudl have to break two trend lines and meet a fib ...
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altrader replied Oct 23, 2008Hope that you are able to get some pips with this. I know what yo mean. Also, thing is that I tend to want to stay out of big news like interest rates and unemployment announcments. I think that this kind of news is too volatile for me. I like to ...
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altrader replied Oct 23, 2008bah I took +22pips but chickened out of my 50 pip t/p level since we are in the news session of unemployment claims and i don't want to have an open position during this time. I'm trialing a news system based on fibs plus trend lines and I think I ...
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altrader replied Oct 23, 2008I'm waiting for a breach downwards of the fib level at 2790. Then I'll short until 2740. I refer you to trend lines in pic below

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altrader replied Oct 22, 2008Many thanks, I'll note that down
Fibs are spooky. I want to learn more about them 
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altrader replied Oct 22, 2008hmm...yes, I didn't think of other possibilities such as that. Hmm...good idea. Although I still am not sure where you start the fibs. For example, if in a down trend, do you draw the fibs from top to bottom or the other way around? If you go from ...
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