Maybe someday I'll write a long story about it but for now, they lose money too unless they're offsetting the right people . Hey....EUR numbers came in bad but pretty much as expected....consolidation for now; there are buyers on this last dip to ...

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Honestly the first thing that hits my mind is its going to take a really good push to get it back down there, and I'm not sure if its going to anytime soon..... Speaking from the heart here: Whenever you have a runaway market like this, any cyclical ...

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About the past..... — I caught people trying to compare this move with the one that happened at the beginning of December. Let me make this clear and say that you CANT compare them. That move was driven by the US decreasing its interest rate ...

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Welcome back, friends — Hope you had a good time this weekend while the bank traders did their jobs and hedged. People seem to be targeting the top of this channel in the high 43's-44's alot lately, after this break of the 1.3740 area. Buyers ...

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Well Geitner is done..... — Now FOMC.....I'm going to Central Park. Its a nice day here today.

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A total guess but Im thinking that area might be protected due to alot of option activity. On an impulse like this today I can imagine there are alot of people sweating that level getting knocked into so soon,

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Why any area? If markets traded up to and pivoted every level all the time I would be a billionaire . Just slowing momentum. Also other currencies running into key areas, so it directly affects the dollar as a whole....gotta keep your eyes on ...

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Check the blog everything is organized there better than in the thread here you have to go digging for them......I just post the areas for learning purposes more than anything though and to prove what we do here works. Also check twitter url my ...

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I wouldnt short hourly bars that look like this.....market is moving on Geitner's comments so I'm hanging out for a while. FOMC later on today too and I wouldnt want to get caught in anything. Again the hysteria issue I keep talking about - when its ...

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Last time a pattern like this occurred, by the way, we got a decent jump higher into key technical areas before any major selloff....upside is still there for me very near term and I'm not sure how much trading Ill be doing tomorrow.

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I was just thinking the same thing......there's a good amount of USD Buyers coming in today in general and pairs are having a hard time keeping their heads up. I'm looking to sell on advances now. I missed 1.5534 which might have actually been a ...

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I'm going to monitor it when it gets up there but possibly given the way things have taken shape lately....Im still torn on it though

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EJ Long @ 129.85 — Woke up a little late today but saw this hit overnight for + 140 pips max so far.....good to get the ball rolling again

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A little bit yeah....making it actually readable is a good thing.

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we're getting a minor fade now......if it runs back up there fast there's a good shot - just remember resistance up at 5534 and more on the path hourly bar finally closed above it (5500 handle) but just barely so a little hard to judge.

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yeah strength is still very strong here.....everything I have is pointing into higher territory for swings atm those daily bars tell the story - aud is in a similar boat. eur and chf have been acting a little weaker.

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do you have a program that does all this for you, by the way....or an indi for meta or something? I'm just curious. I always viewed Gartleys as pretty ambitious (meaning the amount of work!)

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Actually I was looking at that exact level because thats the consolidation high from back in 2006. The entire area has a number of good points. I market the 50% retracement because its the most obvious one form the last trend, but you could be ...

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In this case I'm a little more interested in the last wave.....I always look at what happens on the last wave first. Like even the EJ trade I'm contemplating now, looking at 129.46 as well, for the stated reason above here.

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Short AUD/USD .7925 area — .....resistance up to the .7945 area on this one.....

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