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pedro319 replied Feb 15, 2014Simple isnt'it! That is the way the market works. Candlestick watch is important for this strategy but pivots can be helpful too! With the right mind set this strategy is easy and pays off. In the limit you would be looking for a 61.8 or 78,6 ret ...
EURUSD
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pedro319 replied Feb 15, 2014Monthly chart: Here price has retraced 61.8 from last swing up, so in principle I should prefer long positions but we need to break down a few timeframes to get an entry with smaller stops unless you want to open a tiny position with a huge ...
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pedro319 replied Feb 15, 2014I would like to show something here especially for the ones learning FX. The following is a perfect example of price action on AUDJPY and to analyse it I use Harmonic swings with precise fibonacci turning points in different timeframes. This can be ...
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pedro319 replied Nov 8, 2013You are better off trading another pair like CADJPY or NZDCAD in my humble opinion. USDCAD could get really mixed reaction with data coming both sides. Just my 2 cent. Cheers.
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pedro319 replied Nov 8, 2013This is very good advice! Nice to see these type of comments here, there is the proof you can learn a lot on an online forum if you take it on board. Cheers to you.
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pedro319 replied Oct 30, 2013Why? can't you see the chart properly? What is the difference? Cheers.
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pedro319 replied Oct 30, 2013This could be a possibility on the GBPUSD for the next days, of course much can or not happen after the FOMC, however good Rist to reward setup just off WS2 and good retracement. Not small move. Cheers.
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pedro319 replied Oct 25, 2013We are at 5/8 resistance on monthly chart + 61.8 AB-CD target + yearly pivot area, on the weekly chart 1.27 extension is at 1.3970. I know people are not trading the higher timeframes but its good to know where the levels are. It is natural to ...
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pedro319 replied Oct 16, 2013Thank you very much for replying! Its always good to see where the stops are cause that is where most likely the price will go! Cheers.
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pedro319 replied Oct 16, 2013Nice! Is there any way one can have access to that type of info? Cheers.
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pedro319 replied Oct 16, 2013Price has just completed 61.8 retracement of the whole swing down from Monday, if we are to enter the short side of the market this level is critical. As usual monitor price action and try to enter after reversal candle on smaller TFs. Cheers.
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pedro319 replied Oct 15, 2013I am interested in the same thing , however this is daily support 3 weekly support 1 and previous support along with 1.618 extension from previous swing. Let's see if we breakdown here otherwise maybe only tomorrow.What do you think? Thanks.
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pedro319 replied Oct 14, 2013Price has struck against 1.27 extension and Weekly pivot R1 stands slightly above, for today I dont think we will go any further. Monitor situation for possible short. Cheers.
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pedro319 replied Oct 8, 2013Actually there was some news on BoE holding long term variable rate tomorrow.
EURUSD
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pedro319 replied Oct 7, 2013You can try RT Alerts and hopefully combine with some good strategy. There is a trial version at Nebadawn. Just google it. I have been using it for a while. At the moment most Jpy pairs are touching some trendlines and channels bottoms for example, ...
EURUSD