Although the AO doesn't look like any help

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nice slightly bullish engulfing on the 5M

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Ah - hang tight - I could be wrong here, but I'm still expecting a test of the 1.33

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Price is stuck in that range. Too much uncertainity. Although there are 3 and working on a 4th consecutive candle not making new lows

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Wish I would have gotten in when you did!

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Well it is official now from the 1H we have divergence with the AO (Price formed new high, AO did not)

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Which it looks like I am going to end up regretting. I went in at half the lot size I normally do - so no biggie

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I cautiously placed a buy stop at the high of the inverted candle and was just triggered in,

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Wonder if this is going to be our range today? Anyone notice the divergence shaping up on the AO? RSI at 72 (been AT or above 70 for 8 consecutive candles now) Edit: Scratch that: 20 Consecutive bars

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Great chart my man!

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Couldn't agree more!

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Your premise is sound. Keeping in mind that 1.33 is double top, news is on the weak side, I would need to see a break of 1.33 in the lower TF's (1H 4H) before I can consider a long. Are you familiar with Bill Williams "Angulation"? The angle with ...

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I am impressed that you even trade the USDX - I've never even considered it

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If there is continuing upswing today - keep an eye out for the 3298 (1.33) area. Not only is 1.33 psycho, it also represents a double top formation from Jan 2nd's high of 3298. Personally, I would actually prefer for price to go to this level first ...

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Nicely spoken. I think it wise for all of us to be contrarian with Forex markets!

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You know until I read your post I really never considered trading during ECB. I suppose if done properly on could do quite well. I'm now looking forward to the next ECB conference. Maybe you could share some of your insight as to how you trade that ...

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Today should see some semblance of a return to the norm. Usually after an emotional day, the following trading session is pretty slow, plus today is Friday, a notoriously slow day anyway

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I couldn't stay off the PC yesterday. Before I went to bed, I checked the EU. Price seemed as though it was slowing. I placed a "buy stop" at 32255 and went to bed. Woke up, got my coffee and checked what happened - Was very nice to see that while I ...

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My interpretation of yesterday's move had very little to do with Bull's and everything to do with human emotion, a benefit that both the bulls and the bears use to their advantage. If you look at the daily TF, notice the AO? Despite the almost ...

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Thank you Snorm, knowing what I know about your schedule, it's a real pleasure that you took time to post in here at all! Appreciate the words!

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