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  • #4,501
  • Mar 24, 2014 3:56am Mar 24, 2014 3:56am
Quoting Mave
{quote} i mean the future
Oh okay, I guess your terms of definition got me confused there, if I hadn't thought about it twice I would again have concluded that you were just talking about the futures market! A spike is somewhat considered a sudden move in price which reverses afterwards in less than a few seconds, an error per se most times initiated by the broker to take out SLs. I see the price going down but how far I dunno, I guess until my adjusted SL/To gets hit.
Less is more...
  • #4,502
  • Mar 24, 2014 3:59am Mar 24, 2014 3:59am
Quoting fammira
in my opinion, a dip, if it happens when Europe opens, is to be bought above 1320 if one keeps stop tight, 1320 is important we can also buy and add above 1310 using that level as stop and reverse
The support at 1315-20 needs to hold, if this breaks, that could open gates to South, IMHO.

PS: Bears have already been pretty heavy .
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  • #4,503
  • Mar 24, 2014 3:59am Mar 24, 2014 3:59am
Quoting skassacomput
Bullish Crab on 5m. I'm going Long. {image}
what should be the sl and tp..??
  • #4,504
  • Mar 24, 2014 4:07am Mar 24, 2014 4:07am
Quoting fammira
{quote} welcome, watch for the possible spike and subsequent drop before and after London fixing 10.30 UK time that may not be a rule, but it often works.....
Swift moves (not exactly spikes) before US session (as mentioned in my key clock hrs strategy.)
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  • #4,505
  • Mar 24, 2014 4:07am Mar 24, 2014 4:07am
Looking at the chart, the bear is pretty strong guys, and looking at 1H candle after london open is red, it's a sign for me to go short
  • #4,506
  • Mar 24, 2014 4:24am Mar 24, 2014 4:24am
Quoting ajantala
{quote} Oh okay, I guess your terms of definition got me confused there, if I hadn't thought about it twice I would again have concluded that you were just talking about the futures market! A spike is somewhat considered a sudden move in price which reverses afterwards in less than a few seconds, an error per se most times initiated by the broker to take out SLs. I see the price going down but how far I dunno, I guess until my adjusted SL/To gets hit. {quote}
Oh no, gotto make my posts more clearer but its my market mode, things are in the grey. thanks for clearing the definition, didn't know that! let's see how low this baby goes
A trade should be based on an assumption based on facts
  • #4,507
  • Mar 24, 2014 4:25am Mar 24, 2014 4:25am
Attached Image (click to enlarge)
Click to Enlarge Name: gm.png Size: 86 KB
short targeting the lower tl break out, looks like there is good support above
  • #4,508
  • Mar 24, 2014 4:28am Mar 24, 2014 4:28am
Eatpips gave a nice call on Friday, wonder where he is?
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  • #4,509
  • Mar 24, 2014 4:30am Mar 24, 2014 4:30am
Quoting ClockTrader
Eatpips gave a nice call on Friday, wonder where he is?
I also gave that.. before him
A trade should be based on an assumption based on facts
  • #4,510
  • Mar 24, 2014 4:46am Mar 24, 2014 4:46am
Quoting Mave
{quote} I also gave that.. before him
Hello World!
  • #4,511
  • Mar 24, 2014 4:54am Mar 24, 2014 4:54am
Quoting ClockTrader
{quote}
A trade should be based on an assumption based on facts
  • #4,512
  • Mar 24, 2014 5:01am Mar 24, 2014 5:01am
hi all for long term views.
http://www.gold-eagle.com/article/go...n-cross-part-1
  • #4,513
  • Mar 24, 2014 5:12am Mar 24, 2014 5:12am
Buy again at 1323.4 stop previous weekly low around 1319, TP 1348 before add short depend on PA.
  • #4,514
  • Mar 24, 2014 5:50am Mar 24, 2014 5:50am
Quoting letscry
hi all for long term views. http://www.gold-eagle.com/article/go...n-cross-part-1
Hi, thanks for bringing that very interesting article to our attention.It generally reinforces my view that we can probably expect a dip before price heads north...probably this week imo.If so, then it makes sense to start considering long positions at a suitable entry point to support the impending long term uptrend. No doubt there will be speed bumps along the way but with careful order placements at specific dips it should produce a very profitable longer term outcome. How patient is the average trader though, because that I think is the key as usual.
  • #4,515
  • Edited 6:30am Mar 24, 2014 6:04am | Edited 6:30am
G R G R G R R pattern on H1: if this candle will close RED, next candle will be GREEN Plus Bullish Crab on 5m Plus multiple pinbars on H1.
In any case, I'm long. Tp 1333.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
If you do not know who you are, the Forex is the worst place to find you
  • #4,516
  • Mar 24, 2014 7:04am Mar 24, 2014 7:04am
If it does spike lower I have a downside target of 1312.03.
  • #4,517
  • Mar 24, 2014 7:15am Mar 24, 2014 7:15am
Quoting skassacomput
G R G R G R R pattern on H1: if this candle will close RED, next candle will be GREEN Plus Bullish Crab on 5m Plus multiple pinbars on H1. In any case, I'm long. Tp 1333. {image}
Is GRGRGRR a real pattern? Isn't that how the candles are much of the time randomly on any pair?
  • #4,518
  • Mar 24, 2014 7:21am Mar 24, 2014 7:21am
it could go both ways, but the more it pushes the support without breaking it, the bigger is the chance for a bouce.

Probably New York will tell us more...
  • #4,519
  • Mar 24, 2014 7:46am Mar 24, 2014 7:46am
Quoting ClockTrader
{quote} The support at 1315-20 needs to hold, if this breaks, that could open gates to South, IMHO. PS: Bears have already been pretty heavy .
The bears are getting heavier. For long term, I would wait for Golden Seasons.
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  • #4,520
  • Mar 24, 2014 7:47am Mar 24, 2014 7:47am
Attached Image (click to enlarge)
Click to Enlarge Name: gm.png Size: 98 KB
update from before , broke out if its little range now see if we can get into the lower range tp moved lower in case of spike
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