I would only position long scalps at 70ish level. Anything higher is dangerous even for scalping.

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Yawn all these fancy chat and terms are useless in a ranging market.

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Gap traders? You mean there are actually traders who bother trading things that don't exist in FX?

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Doesn't matter it came years too late.

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Now that solves a lot of problems but doesn't change the fact of their lack lustre appeal. Appeal could last a night if they come with a mute button. @oundar With the chance of an EU break up on the line, I highly doubt fundamentals will allow a ...

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Didn't think of wow in that context, was thinking more along the lines of ,"Wow! I am speechless." Sadly, Asian teenage chicks who don't have a job or doesn't generates income don't appeal to me.

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Not maybe but definitely. That shit is being bought like WOW, speechless. Won't be long before another intervention.

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Based on what? Seriously.

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You have learnt well.

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You obviously don't have 0.5 billion lots to play with. I dare you to say that again once you have got 0.5 billion lots of capital to play.

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Going to wait for US session before taking any more positions. Looks like firepower is lacking right now.

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Locked in 50pips already from 3 shorts. I hope our fellow friends trying to catch a bottom have a TF longer than a day.

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Here we go, another attempt to test 90

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Old news. Has been rinsed and repeated for so many times now. It's like a cow that has been squeezed of all it's milk.

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I am piling in shorts at 10. SL going to be around pre-drop levels of 52

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Correlation seem to have broken down recently with too many interventions. I have not used it as a deal breaker for my trades anymore. I see the down move as a covering of the QE3 bets made in the past weeks of blind optimism.

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I'd prefer to see a clean close below 90. I remember last month how much of a bitch that level was to break.

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This is a very good approach. I usually have 1 before breakout, one during breakout and another after consolidation/retracement.

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Based on an unclosed candle? On a line that differs depending on how you draw it? Right. If you like flipping coins so much go ahead. Anything less than H1 is always noise anyway.

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Or you could just wait for a bottom to form before throwing your money when all the longer TFs seem to signal more downside action.

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