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jack.canadia replied Apr 23, 2009Confirmation around 4615/25 will be a long for me.
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jack.canadia replied Apr 23, 2009Yay to us! The whole move from my first entry at 4460s was 250+ .. caught only 90 .. sigh! I am currently short from 4730 since 4-hour didn't close above 4730 (that level seems to be more important looking at 4-hour chart) Daily close at 00:00GMT ...
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jack.canadia replied Apr 23, 2009Well thats the trading day for ya folks! Some gains today, could have been alot more. Such is life! See you at 03:00 GMT!
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jack.canadia replied Apr 23, 2009M2 pivot to M4 pivot .. how typical! I should have still been long from 4460's! ha!
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jack.canadia replied Apr 23, 2009Could also be in for a retracement from the rise. All depends on the 4700 level!
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jack.canadia replied Apr 23, 2009Use stop losses! I'd rather have 10 small losers before I catch a nice winner (even this scenario pisses me off!) haha. If it breaks above 4700 I recommend closing it if you want to hold it now. So far, you are good. If price gets back to your ...
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jack.canadia replied Apr 23, 2009Indicators dont always work! Trust price action, thats the only thing that is real.
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jack.canadia replied Apr 23, 2009Yikes! Out for BE on that one. Too tricky right now to determine direction. Side lines it is.
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jack.canadia replied Apr 23, 2009I hope so to! If you are short though, don't keep it if we break much higher. Here is yet another chart of where I would like to go long (blue box). I will take a conservative entry here so dont just long on a touch of the blue area! Let's see how ...
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jack.canadia replied Apr 23, 2009Looks like a break out with bullish divergence on the 4-hour to me.
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jack.canadia replied Apr 23, 2009Short from 4641 until buying lower. I said no positions, but the conditions for me met up for a short and I like trading pivots so the trigger was pulled.
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jack.canadia replied Apr 23, 2009Risk/reward is too high to go long now. I am out of my longs.
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jack.canadia replied Apr 23, 2009Based on what I see, there is a high probability for a retracement. We have run into the daily R1 pivot point and are also bearish diverging on the 5-min MACD. I am not taking a position on this rather waiting for either one of the three white areas ...
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jack.canadia replied Apr 23, 2009stop lossessssss .... if you have a position that is at least 20 pips green, move the stop to breakeven (that is, if you entered on a low timeframe chart)
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jack.canadia replied Apr 23, 2009Wait for a pullback to see if this break can sustain itself!
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jack.canadia replied Apr 23, 2009I see 4700 attainable in the near future before a fall. This bull flag projects 160 pips to just beyond 4700.
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jack.canadia replied Apr 23, 2009I popped a quick scalp off too and covered it asap. Looking for a buy 4595 if I am lucky or I'll just wait for a deeper pullback!
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