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TradeWell replied Nov 28, 2008psiholog: "The only conclusion so far is we are rangebound between the 1.2400 area and 1.3340 for some time to come" SerpentDove: "Monthly doji in the making." Indecision. Be ready to trade either direction. Have a great weekend!

EURUSD
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TradeWell replied Nov 28, 2008It looks like 162% would put us right on the trendline that began from the Oct 28 low.
EURUSD
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TradeWell replied Nov 28, 2008Isn't that how American government works? We had commercial banks and investment banks separated since the 1930's with the Glass-Steagall Act, after the BIG fact of that era. It was repealed a decade ago, probably because there weren't enough people ...
EURUSD
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TradeWell replied Nov 28, 2008Since I don't have much experience I can't say that is not possible. However, my bias is short, with some variability, based on fundamentals rather than technicals (can't believe I said that). I don't expect the market to go in a straight line, but ...
EURUSD
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TradeWell replied Nov 28, 2008I was thinking that also because my rough calculations show we haven't yet moved the full length of head-top to neckline. I'm still rough at figuring that out. I get about 2570 as a target. You too?
EURUSD
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TradeWell replied Nov 28, 2008psi, I don't like to get into people's personal lives, especially on a forum. But I think the relative anonymity of this place gives me a little liberty. We care about you here; yes, maybe somewhat selfishly because we can gain from your uncanny ...
EURUSD
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TradeWell replied Nov 28, 2008I just noticed this on the weekly. The 34 SMA has now crossed the 60 SMA. So that's a confirmed trend down. Just letting you know in case anyone wasn't aware of the trend change.

EURUSD
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TradeWell replied Nov 28, 2008Maybe we will get better resistance from S4. edit: however, we did break the 5 min down TL
EURUSD
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TradeWell replied Nov 28, 2008After getting 10 pips you can take some profit, move your stops to entry, then you have assured no loss. edit: I think doblece just said that - in different words.
THV system, final edition
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TradeWell replied Nov 28, 2008That's why I thought. It semed simple enough but I don't like to assume. Thanks doblece.

EURUSD
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TradeWell replied Nov 28, 2008Could you explain "inside top"? I haven't seen that explained anywhere.
EURUSD
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TradeWell replied Nov 28, 2008It helps if you have pivot lines on your chart. You can watch the PA in relationship to them to help you determine possible continuation or retracement.
EURUSD
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TradeWell replied Nov 28, 2008Good morning all. My MT4 woke me up unusually early for some action. Let's see if it turns out to be worth it.

EURUSD
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TradeWell replied Nov 27, 2008This ascending channel now appears to have become a descending channel.
EURUSD