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08-10-2008, 04:18 PM
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Join Date: Feb 2008
Posts: 522
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Quote:
Originally Posted by stryker
something to smile here...
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Happy Monday.
If I draw TL 1 on my Saxo platsorm I get something like 1,4900 as support. I know, its only 30 pips from your TL line, if I see it correctly. And yes, 30 pips is done in a blinck of an eye, but still.
Some hesitation at low 1,49..? Or just waiting for another blow down.
I need to get some sleep....
GL |
08-10-2008, 04:26 PM
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Join Date: Apr 2008
Posts: 1,480
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Quote:
Originally Posted by Guilder
Happy Monday.
If I draw TL 1 on my Saxo platsorm I get something like 1,4900 as support. I know, its only 30 pips from your TL line, if I see it correctly. And yes, 30 pips is done in a blinck of an eye, but still.
Some hesitation at low 1,49..? Or just waiting for another blow down.
I need to get some sleep....
GL
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it hesitated at 5300, 5200, 5100, 5000, this is not worth trading |
08-10-2008, 04:30 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,942
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Quote:
Originally Posted by Guilder
Happy Monday.
If I draw TL 1 on my Saxo platsorm I get something like 1,4900 as support. I know, its only 30 pips from your TL line, if I see it correctly. And yes, 30 pips is done in a blinck of an eye, but still.
Some hesitation at low 1,49..? Or just waiting for another blow down.
I need to get some sleep....
GL
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i hear ya... so i guess sell with 10-20 pips s/l.. if works out good otherwise its a small hit..
shorted 4944, with stops at 4958...... will see how it goes......
single lot...........
GL.
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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08-10-2008, 04:34 PM
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Join Date: Apr 2005
Posts: 254
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What a drop. I was absent from my computer for last two days and when I looked at price I was amazed. Could not belive that I could see fiber drop THAT HARD. I would expect something like that from GBPJPY....
I haven't seen something like that. It gaped lower and if you ask me it'll close the gap. They need to try to close it. Many many people got margin calls today - too bad.
I was short from 1,5070 and closed it at 1,4930.. and bought tny at 1,4950. Just a tester.. (don't know why I did it). This calls for retrace if you ask me.. when it gaps heavily after nice run lower... there are big chances for closing the gap. Bloodbath all over FX platforms... GOLD will drop under 850 and will be interesting how it will go further.
Nice to see that some of you got out nicely... congrats to those who held shorts trough... If you ask me we might see retrace back towards 1.52 -53 and back down to 1,45.
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08-10-2008, 04:44 PM
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Join Date: Feb 2008
Posts: 522
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1,4940, and settling down. Tomorrow, when European markets open, market should offer a clearer picture. Hopefuly
My guess: we will see lower levels from here over the next 12 hours, but we will close higher on the day.
GL all, bye.
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08-10-2008, 04:49 PM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,942
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Quote:
Originally Posted by Guilder
1,4940, and settling down. Tomorrow, when European markets open, market should offer a clearer picture. Hopefuly
My guess: we will see lower levels from here over the next 12 hours, but we will close higher on the day.
GL all, bye.
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i hope the high is 4948 till then...
off to bed and limit is set at 4876......
will find out laterz..
GL .......
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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08-10-2008, 05:08 PM
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Join Date: Apr 2008
Posts: 1,480
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Quote:
Originally Posted by b3nni
Hello/ and Good evening
I do understand although the structure/ degree of the waves when happening is quite complicated. So we are in (3) of iii of 3 - dropping further would require opening the next lower degree/ subwave (i) - this would the be (i) of (3) of iii of 3- the more subwaves the deeper the correction/trend ?
So we unluckily followed an alt wavecount and did not see that (3) of iii of 3 - which is major drop as we know with the 3rd usually the longest wave - in this case its 3 of 3 of 3-was about to start .....the break of 1,55 would have been the perfect entry- yes?
Thanks again for the help/ explanations - lets see what the market does  |
I like the post where you broke down the wave counts for a correction from the 5000 area, can we now expect that the counts posted are with 100 pips added to those numbers or do you now have to completely recount the waves and possible retrace/correction numbers for posible topside targets?
thanks, BTW that was a vert nice post thanks
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08-10-2008, 05:31 PM
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Join Date: Apr 2008
Posts: 1,480
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Quote:
Originally Posted by jackclown
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but is has already dropped to 4905 breaking that support as it did th support above 5000 and 51000 and 52000, price action does not yet support a long position, it is doing now the same thing price action wise it did above 5000,51000,5200and 5300
with such an illiquid market it can move quickly either direction from here, later will give better direction imho |
08-10-2008, 05:39 PM
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Join Date: May 2007
Posts: 49
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CodyB
ARE YOU IN THE DIFFERENCE I DON'T KNOW ...BUT ..I WROTE THERE .I SAY THİS İS JUST MY İDEA ..
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08-10-2008, 06:09 PM
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Join Date: Jun 2008
Posts: 52
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RE: it's only a bit of fun
Hey guys don't get stressed after all 'trading the Euro is easy' everyone knows that!
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08-10-2008, 06:58 PM
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Join Date: Jul 2008
Posts: 216
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I'm still looking @
Quote:
Originally Posted by CodyB
but is has already dropped to 4905 breaking that support as it did th support above 5000 and 51000 and 52000, price action does not yet support a long position, it is doing now the same thing price action wise it did above 5000,51000,5200and 5300
with such an illiquid market it can move quickly either direction from here, later will give better direction imho
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a short lived bounce in this 1.4915 to 1.4960 range before breaking into the 1.48's down to the 1.47's before ranginging back up?
Hope for the best with your trades, I sure am in this crazy market. Scalps are good right now!!!!!!!!!!
Best to all!!!!! |
08-10-2008, 07:54 PM
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Join Date: May 2008
Posts: 57
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POINTERS??
I still think that [i]maybe[i] we can see the 138 area or there about. I am about 2 months new to FX,any pointers on the best way to scalp?? Thanks.
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08-10-2008, 08:12 PM
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Join Date: Jul 2008
Posts: 338
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Quote:
Originally Posted by cmellon
Hi all,
Very sorry to hear all the losses.
Here is a possible EW count for Euro. Indeed, it has very bearish implication. In this chart, we are going to (3) which supposedly have a support at 5060 which is 2.618 fib wave (1).
Projection is based on typical wave length and also fib ratio. We could potentially go to 4710 to complete the whole huge 5 wave impulses before significant relief correction to 5373.
Be safe in the market, and remember to put Stop Loss.
Good luck all.
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Nice chart, however, pls give us some update. A new low has been established. |
08-10-2008, 09:50 PM
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Join Date: Jul 2008
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It's official folks. The Eur/Usd has flatlined. Somebody call the coroner.
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