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Why 61.8%?
Started Apr 29, 2010|Trading Discussion|398 repliesI've recently really taken an interest in the Fibonacci retracement tool...but something's ...
- fxpipper replied Apr 19, 2010
Hmm, maybe you're right. But in the interim I suppose if we can get back to 1.35 it would make my long a worthwhile endeavour...
EURUSD
- fxpipper replied Apr 19, 2010
I agree - anything can happen. I'm reading "Trading in the Zone" and the author tries to hammer that point home. Anyway, I'm long @3475...S/L just under 3450 in case I'm wrong. Target still uncertain...
EURUSD
- fxpipper replied Apr 19, 2010
I see a nice hammer on your chart which tells me we should see 1.36xx by this time tomorrow.
EURUSD
- fxpipper replied Apr 14, 2010
I generally don't believe in gaps...meaning I don't think they're anything special. Gaps aren't always filled. I've seen gaps act as support/resistance, and there's no reason to believe that this one will be filled. Just my opinion.
EURUSD
- fxpipper replied Apr 14, 2010
Well I closed out my long at 3647 from 3601. Feeling okay...not really kicking myself too hard for not closing at 3664. Tomorrow's another day. BTW, does anyone here think we're still in a downtrend? Cause I don't believe so anymore. I think that ...
EURUSD
- fxpipper replied Apr 14, 2010
Long since 3601. Anyone think Asia will push this through 3700, or is it time to start tightening my stop?
EURUSD
- fxpipper replied Apr 8, 2010
Just a thought — Don't know if this has been mentioned yet, but...seeing as how we've hit a new low and have bounce upward, (which was predictable), if this thing continues north above 1.34, then could we be in the early stages of a ...
EURUSD
- fxpipper replied Mar 26, 2010
Out at 3352. Had two shorts (3343 and 3378) so settled for a net 16 pips. I figured this is probably the best I'll be able to do today. May go down more but it's Friday and I don't wanna spend the rest of my day stressed out in a trade. Had a good ...
EURUSD
- fxpipper replied Mar 24, 2010
What the F was that??? I go to the bathroom for ten minutes, come back and I'm up like 40 pips! I'll take it.
EURUSD
- fxpipper replied Mar 23, 2010
Whatever happened to talks about OPEC switching to the Euro? Haven't heard anything about that in a long time. Surely that would destroy the US Dollar...
EURUSD
- fxpipper replied Mar 22, 2010
Step 2 here. Was approaching Step 3 then I blew 50% of my account a few weeks ago. That's now become 90% and I'm left wondering what went wrong. The important thing is I'm still alive in the market. It'll require a lot of work, but I know in a few ...
The 5 Steps to becoming a trader
- fxpipper replied Mar 18, 2010
Thanks for the advice. Despite my feelings about USD/CAD parity, I found myself shorting it this morning and making money. Kind of shooting myself in the foot come withdrawal time, but in the long-run I don't see the CAD remaining at this level. ...
EURUSD
- fxpipper replied Mar 18, 2010
Is your trading account in Euros? If so, that would explain one part of your disdain and utter hatred toward the USD. The other part is obvious - you're in Russia.
I'm the exact opposite...I'm in Canada but my account is in USD, so I want ...EURUSD
- fxpipper replied Mar 15, 2010
LOL you joker. I was watching it on the 5M but ever since you called that classic shake about a month ago (at like 3AM my time) I've been wary of sudden big drops following sideways movement. (I don't even know if we can classify this as a big ...
EURUSD
- fxpipper replied Mar 15, 2010
Hey malcolmb did we just witness a "shake-out"? Price dropped rapidly, trapped sellers, then swiftly moved back up...killing them. I wasn't watching volumes, (but I'm sure you were!)
EURUSD
- fxpipper replied Mar 11, 2010
I have nothing to add to the discussion right now...just wanted the thrill of posting on page 14000.
EURUSD
- fxpipper replied Mar 9, 2010
Which part? Hope it's not the analysis. LOL. I think this still has at least one more leg up to go before it breaks down. So I'll be patient.
EURUSD