Could well be a perfect entry point...I haven't yet till I see more confirmation of the current 1.405 - 1.4075 range back in play which would signal a continuation for a move towards 1.42 USA open now should provide more indications... Just my 2 ...

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Move we see is called "short covering"... We are back at testing key level 1.40745 Looking for re-entry long between 1.40490 (Intraday R1) and 1.40745 Just my 2 cents...

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That's correct Galation... "The SNB has already acted, expects The BoE to cut to 1% in January and BoJ is under scrutiny this Friday. More importantly says UBS, the ECB may pause in January but will ultimately cut to 1%"

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Hi Andy, Its a quarter pivot level

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USD forecast for December 2008...

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Ive said this many times in the past don't chase but train your self to find and more important recognize the right entry points...where you buy low and sell high..the truth is..its easier said then done...even for experienced traders. With concern ...

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Good morning, Key level today is 1.40745 (MR1) acting as support. As I expected Asian session continued upwards trend with profit taking at the end towards as low as 1.40 Clear support against any down trend or retrace below 1.40 level. Trading ...

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Some people just need to learn things the hard way I guess....we've all been there... I just say one thing....there is a difference between a break out with retrace patterns in "normal" market conditions between established ranging price levels...or ...

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Ssst..lol..I missed that target by a hair today..... Keep up the good work ak4x, your charting knowledge is one of the best here on FF...

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Algirdas, I have a lot of respect for you..but there are more ways then one to maximize profits... Well done for Johto.....in his way of trading, which makes him profits.. Intra-day trading is all about TP at right levels and re-enter at ...

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careful now...took profit @1.406.... RSI's reaching maximums over 80%... Looking for it to settle around 1.40 Just my 2 cents...

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R1 @ 1.39470 acting as support now...as long as we keep above..prep for either another short run to reach 1.40 or ranging to maintain this level (read slow continuation of uptrend)...clear break below will probably take us towards 1.388 with 1.390 ...

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Don't short to soon guys...maintain is the word for large funds and banks currently....we might see some retrace..1.39495 is the level to watch...hold your horses... Just my 2 cents...

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Ok...gonna take a break here till FED rates decision.. Like I said before...step away...clear your head..get out of the "emotions".. It works for me... Happy with my 2 cents...

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Don't over trade...R1 @ 1.3815 seems to hold for now...we might see some retrace towards psych level 1.380 Just enjoy your profits...and re-analyze.. There are always more days full of trading ahead.. Just my 2 cents...

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Well done...

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Partial profits at 1.3825....life is sweet.....

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I think maybe I should just make it a habit of setting SL to entry when I'm +16 and then manually move it ahead after that. That's exactly what I do...step by step..or close and TP when I think its reached a top..

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Just keep up the good work Algirdas..ur doing great...

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Removed TP @ 1.38150....gonna play this manual...might just shoot right trough it..or come down a bit first....lets see...

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