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dbfusion replied May 5, 2009according to my chart 3424 to 3437 is a critical area with resistance I was planning to short there but after this momentum I have to reconsider and watch what might happen i made 40 pips in 10 minutes and I don't plan to give it back
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dbfusion replied May 5, 2009here in this forum you will find very useful information check under trading systems thread I personally use the THV system combined with Fibonacci levels. you need to open demo account and install this system or any other you like into the ...
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dbfusion replied May 5, 2009I am not a news trader , I am technical trader. for my not so long experience I don't recommend trading news times . from my point of view about shorting , I don't see any reason to short now maybe at 3424 level might be ok to short with 20 pips SL ...
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dbfusion replied May 5, 2009here are the 2 charts I use always. my entry was because of obvious momentum change you can see it in the THV system and same time was @ fib 50 level on the second chart my first target was the pivot line which happens to be also fib fib 38.2 both ...
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dbfusion replied May 5, 20093385 almost there middle of pivots and fib 23 should provide some resistance
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dbfusion replied May 5, 2009I will be doing almost nonsense till I see any other entry . I don't have fixed numbers to concentrate on other than the pivots and fibs. if momentum is playing on any of those levels side I take the shot.
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dbfusion replied May 5, 2009and that's my second target achieved !! now i am out of the trade and enjoying the watching seat who will win the battle 3385 is still doable but I prefer to sit aside
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dbfusion replied May 5, 2009the point is we are trading against the trend. that's what makes it difficult and as you see we were just 6 pips away from the trend line and some started to sell. it might take a round to the pivot and up again , I can't really predict what might ...
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dbfusion replied May 5, 2009be optimistic we are green any way doesn't matter what PA does I dont wanna be greedy and say 3384 middle of pivots I am saying only the trend line

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dbfusion replied May 5, 2009lets hope it touches the trend line
only 12 pips remaining and I will be outEURUSD
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dbfusion replied May 5, 2009first target reached
another part collected second 3368 trend lineEURUSD
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dbfusion replied May 5, 2009first scalping entry
long @ 3327 collected some and SL moved to greean area some bullish diversion might happen , fib 50 @ 3325 first target 3350 I hopeEURUSD
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dbfusion replied May 5, 2009that's a relief
my bias is flat today , I think i will be a scalper hunting few pips every now and then. thinking bearish as long as we are below the down trendEURUSD
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dbfusion replied May 5, 2009guys why are you jumping in with longs ? are you seeing something I don't ?
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