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5percent replied Dec 5, 2012jpy is known to be an ass, during crisis situation or major risk off due to fundamental, yen take a huge appreciation against others, they rise and rise, and they always call themselves to be over-valued as strong yen will hurt their economy, now ...
Cable Update (GBPUSD)
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5percent replied Dec 5, 2012a 5 min doji was not a good sign at 1.3088 area, as it may means support on daily low is broken, may send price downwards further, a pin bar will be a good sign of support.
EURUSD
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5percent replied Dec 5, 2012A trade near daily high and not really a confluence number. Where's your stop loss? buying near daily high is dangerous at this level as recent highs are around 1.3170 area, any attempt to catch high can be used by buy stops above recent high area. ...
EURUSD
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5percent replied Dec 5, 2012current high was attacked again, a close above current high, may send another leg up. The 4hours and 1 hours are still showing bullish sign, not a recent 4hour shooting star/bearish close as seen on my broker yet.
EURUSD
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5percent replied Dec 5, 2012yes, its quite visible on the min 5, especially now its flirting with 50sma danger zone, can go either direction. only a close below 1.3104 area or preferably 1.3100 will be ideal for bear position, if not london may send rally again and again. A ...
EURUSD
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5percent replied Dec 5, 2012It's mainly weakness across board and jpy and chf, sending this pair up, along with the buying limits/bids momentum at every near level of higher low 1.2946, 1.2968, 1.2985, 1.2993, 1.3019, 1.3033, 1.3045, 1.3055, 1.3072 and earlier morning's low ...
EURUSD
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5percent replied Dec 4, 2012There are few perspectives to view this; 1) You can close and take losses, and admit mistakes and damage is done. - Step aside for trading until your emotionally stable. 2) Allow time for price to possible retrace to a better position of resistance ...
EURUSD
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5percent replied Dec 4, 2012the minute this rising wedge falls, favor a down move to test 1.3025 area or even 1.3000 psychological level before further up moves. There are still weakness in USDx.
EURUSD
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5percent replied Dec 3, 2012the price action result seems quite random, may expect the breakout to fade itself back. But the current volume will probably be too slow. looking as if it had went against the majority's thoughts thinking that rate cut will commonly cause a drop ...
Aussie Trading Room and Cartoons Gallery
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5percent replied Dec 3, 2012A naked chart says it all, make trading visible and simple. An-intraday view. Traders without an effective system or a system that they follow strictly with a good plan of risk and reward management should not junk up their charts with too many ...
EURUSD
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5percent replied Dec 3, 2012u might want to be careful with your trade entry in the future, before u enter, always understand there's going to be a risk involved regardless of any set up, even if u don't have a stop loss in place yet, always have a mental stop loss in place to ...
EURUSD
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5percent replied Dec 2, 2012the month start for aud tend to be a little more shaky and volatile due to many major announcements. did anyone spotted the bearish divergence? of aud/usd slamming down from 1.04 range?
Aussie Trading Room and Cartoons Gallery
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5percent replied Dec 1, 2012i give u a plain simple real examples of live set using fibonacci over here. A lower high was created after a top is found, 0.0-23.6 set as a base, 23.6 is created as a lower high, rejection is seen, price is set to go down in matter of time. Risk ...
EURUSD
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5percent replied Dec 1, 2012The best indicator for price is always price action understanding higher high, lower high, high low, lower high with a little help of fibo and knowing abcd, all the top pros in the banks or chief traders just look at the naked charts and point the ...
EURUSD
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5percent replied Dec 1, 2012from what i see is that the problem lies in you not able to find and believe in a particular system that fit in that stop loss condition and risk reward to manage a higher than 0% growth than loss. This may sound funny/cocky, 50-100 pips is too easy ...
EURUSD
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5percent replied Dec 1, 2012apparently your arrow indicators are not really sharp, removing them from your chart to study naked price action would serves better in decision making. Too many arrow indicators out there are relatively useless sorry to say that.
Simple Money Making Method
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5percent replied Dec 1, 2012BE is to move the stop loss position to the entry point, so when price reversed back, ur position gets out and u make 0 losses and 0 win, providing there's no swap. BE can be used for scalping, for example, i normally use BE by 3 pips for a scalping ...
Simple Money Making Method