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the redlion replied Feb 18, 2011i agree the euro will be a in a down trend, it appears in the grand scale of things technical and foundamentally that it will be so. but price DOES NOT MOVE IN A STRAIGHT LINE. many fluctuations to come. we are trading in the NOW, but lets be aware ...
EURUSD
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the redlion replied Feb 18, 2011it happens, people trying to manipulate comodities like silver a few months ago i think it was september jp morgan got burned with BILLIONS, shorting silver at 14 and trying to manipulate the price down. silvers demand was to great
EURUSD
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the redlion replied Feb 17, 2011to be honest i believe this pair will continue to rise and re test 1.38 if not higher. i was very bearish on this pair for the past 2 days, everything monthly weekly and dialy supported my views with what appeared as a top and threndlines pointing ...
EURUSD
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the redlion replied Feb 16, 2011if it doesnt break above 1.36 your short might be fine, for the most part even though the USD is weak so is the euro. we are still below the 5 year average price, below the 1 month average and momentarily touched the weekly average. if you draw ...
EURUSD
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the redlion replied Feb 16, 2011yep, i trade in any timeframe, its all the same, just identify the trend, and make your entry its not the holly grail but make reasonable observations and you'll be fine i like to find places of resistance and short on down trends not so much go ...
quest for Forex knowledge, humble request for assistance
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the redlion replied Feb 15, 2011funny thing is that i find technical analysis a lot better at PREDICTING prices in the stock market in forex NOT SO MUCH. and there is a lot of material but it all comes down to the same thing. you could use fibonacci or you could use psycological ...
advice for beginners
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the redlion replied Feb 14, 2011it seems like a fake out, it moved out of pattern for no reason, went north right when everything seemed to point south, and seems to be losing steam on the one hour but, who knows i got a feeling its heading north to 1.36 before it moves ...
EURUSD
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the redlion replied Feb 14, 2011lets just simplify support and resistance, USUALLY whole numbers are support and resistance. its hard for a currency to go from 1.20 to 1.30 everything else in between its usually imaginary lines. SUPPORT: a price that a security has trouble passing ...
Support level - Question
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the redlion replied Feb 14, 2011i think the same way. i will continue on a trade until THE MARKET tells me that im wrong, otherwise there are just oportunities to add to my position, to try to catch each fluctuation i can lose money even if im right, i want to ride the wave. so ...
EURUSD
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the redlion replied Feb 13, 2011incredible speculator. he had the charts in his head. great statements, you can learn alot from reading about Mr livermore
EURUSD
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the redlion replied Feb 13, 2011image trading from the 1 hr chart purple= weekly average price bluish= daily average pink= 4 hr average green lines are pivot points pinkish lines are fibonacci trend retracements white lines are support and resistance after the gap prices moved ...
EURUSD
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the redlion replied Feb 13, 2011sure: the moving averages represent a period of time ovarage the price of the currency. for example each moving average tells you what the average price of the EUR/USD has been for that time frame. the color represents different time frames. and as ...
EURUSD
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the redlion replied Feb 13, 2011redlions take on our situation with eur/usd — Price analysis on your far left is the MONTHLY, middle is WEEKLY, and right is the Daily chart RED- 5 yr average BLUE- 1 yr average YELLOW-6 month average ORANGE: 1 month average Green: 1 week ...
EURUSD
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the redlion replied Feb 13, 2011there is only ONE TREND
New member looking for a little advice and handholding
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the redlion replied Feb 11, 2011the aud/usd is in an uptrend i would be careful goin short, looks like an acending triagle to me not a triple top look for breakout above 1.02 i would take my first entry and on pull back take my second second i think any set back would be short ...
AUD/USD
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the redlion replied Feb 11, 2011i suppose, i really dont care how or why the price moves i just know that it does and if im right that is all that matters at the end of the day, we pay for the times we are wrong and we get rewarded when we are right all of us have different ...
EURUSD
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the redlion replied Feb 11, 2011i will stand corrected if i see the market ranging at about 1.35 for the next week or so the it found its new fair price. at that point an uptrend might start but doesnt look promising July of 08 1.60'sh november of 09 1.51'sh november of 10 1.42 ...
EURUSD
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the redlion replied Feb 11, 2011but anyway look at a daily chart or just hear these prices here are the 3 major peaks 1 1.51400 in 12/3/09 2 1.42811 in 11/4/10 3 1.38605 in 2/02/11 doesnt seem the euro will magically move higher. if you look at the chart as a chart pattern trader ...
EURUSD