DRT, I hesitate on relying on one single indicator. While I agree that it is POSSIBLE that we go back to 1.6000, probably not going to happen. Prediction: Bad Euro news and good USA news, makes dollar look good(er) At least for today anyway

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itechdev, You must look at your 3/4-hour chart, too. Here's mine:

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Great article! Thanks for posting it. Kevin

EUR/USD Trading Room

I vote for chameleons because they change colors often and run away quickly. This thread cracks me up btw

Pips.. which animals are?

LOL, ok thanks, appreciate your wizardry.

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There she blows, captain!

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LMAO downrivertrader, We are so on the same page today. I know I said my stop was 1.5570, but I moved that because something is too fishy...

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One thing you may be missing is the good US news that came out yesterday that had little effect. Something smells fishy. Also, I just posted on this, so if you've read both sorry for the regurgitation. Let us assume there is some equilibrium price ...

EUR/USD Trading Room

Agreed. At some point we have to assume there will be a return to equilibrium. 1.6000, in my eyes, is far from that equilibrium. Euro's are just too expensive at that level. My guess is this level is around 1.5. I think you posted on this # ...

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Hope you're right. I'm still short from yesterday as well. My stop is at 1.5570, and as I suspected, 1.5555 is proving to be a tough cookie. I'm not really sure why this upmove started, but it does not make much sense to me. Maybe this is my gut ...

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Who was it that was talking about 1.5555? I'll be watching this number.

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Yeah, I charge for my intellectual capital, but here's a free tip: keep your emotions in check.

The Sixth Sense

"Our judgments judge us, and nothing reveals us, exposes our weaknesses, more ingeniously than the attitude of pronouncing upon our fellows." Paul Valery

EUR/USD Trading Room

I agree with you about 1.5 being a very important #. We'll see about those goals of yours

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If you are in a short position, you should already assume you have lost. You do have at least some sort of stop correct? When you entered the trade, you viewed this stop as safe enough to not get hit with a reasonable amount of risk in case it does. ...

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Come on, man. It's been 15 minutes, and you're already thinking bull? Patience.

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ISM #'s good. Should develop into a short trend soon. Good call DownRiverTrader.

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DownRiverTrader, I remember your threads a while back. I really enjoyed them. I'm curious as to the answer of your own questions here in terms of how you trade the news. Good to see you back, Kevin

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Ramble about Tomorrow — We have some telling news coming up this week from USA. As for tomorrow: "Monday May 5, 9:00am CST USD image ISM Non-Manufacturing Composite Forecast 49.1 Last Month 49.6 Description: The Institute of Supply ...

EURUSD

I think you are right. A gut feeling is not to be relied on solely, and this is not the point of my post. There have been times however where the pair could go either way and I called that USA would be recovering way before it started happening. I ...

The Sixth Sense