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Mosaic replied Jun 8, 2006Hi there, Thanks for that. I'm in the middle winter right now !!! Southern Hemisphere and all that, but of course I get your message. Its interesting, I have had discussions with a great guy who trades full time and uses fibs from the UK, and he ...
Slow and steady
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A most excellent opportunity
Started Jun 8, 2006|Trading Discussion|4 replies
Hi you all, I have had an idea. Any of you are more than welcome to go with this. My biggest ...
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Mosaic replied Jun 8, 2006EURJPY 4 hr a break below the blue trend line (and then possibly retrace up to bounce down off pink and blue line (support changed to resistance) would be an ideal short entry...
Slow and steady
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Mosaic replied Jun 8, 2006EURJPY I like this pair Daily shows previous high being reached...
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Mosaic replied Jun 8, 2006If I was going for a quick 10 pips then spread would matter, but with small risk and big potential gains - 50-100 + pips...I don't get too bothered by spread... I used to be obsessed about it, but that was when I was trigger happy and losing like a ...
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Mosaic replied Jun 8, 2006Hope it moves for you, remember though....no one can predict anything (not just you). At least you realise it, cause I reckon anyone who really believes they can won't last long in forex.... John
Experiment: $100 to $1,000,000 USD in 155 Steps
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Mosaic replied Jun 8, 2006EURAUD daily closer pink line acted as resistance...now perhaps support ?
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Mosaic replied Jun 8, 2006Generally yes, I agree with you. However major UK news can move the GBPUSD independently, and major world vulnerability uniquely tends to strengthen the CHF. But certainly I don't like to be in currencies all vulnerable to a single unit e.g USD - ...
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Mosaic replied Jun 8, 2006USDJPY 4 hourly A break down and retrace up to the area of confluence and then a bounce down would be a good short trade I think. Requires patience and the ability to not trade if these criteria are not met. Courtesy of WTB's wisdom. Would like your ...
Slow and steady
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Mosaic replied Jun 8, 2006EURUSD 4 hourly Again, I feel the USD is weakening longer term, so a long trade bounce might work for me.
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Mosaic replied Jun 8, 2006GBPUSD 4 hourly Bounce off longer 4 hourly up trend possible. 38% Fib hanging around too. Bit disjointed. Not that convinced.
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Mosaic replied Jun 8, 2006GBPUSD Daily sort of inverted of USDCHF (expected to a degree). Also not much conviction.
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Mosaic replied Jun 8, 2006USDCHF 4 hourly chart Like the pink resistance line. Dollar I feel is weakening long term, so would prefer to short this pair, and might look for a bounce down off the pink line, but with all the support of shorter time frame turn arounds etc, as ...
Slow and steady