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fando replied May 29, 2009its obvious there is no demand in friday @ this time. people are closing their positions maybe. you may always scalp some pips, but i dont think a big real price movement occurs downward. we all talking about probabilities at the and. regards...
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fando replied May 29, 2009i think, your way is the best way for intraday or short term traders, is never stick with some bullish or bearish sentiment even if up/down days. holding positions over weekend is such a long term concept. but if you locked in 30- 40 pips profit, i ...
EURUSD
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fando replied May 29, 2009i just cant understand why you go short when an up trend is intact. probably, sunday afternoon and monday we will see some sideway movement, but there is no sign tells us market will go south. anyway, this is my point of view.
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fando replied May 29, 2009it's hard for today, but usually during us session, about @19 gmt (im not sure about time conversion) a strike occurs. but it's friday. lets see.
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fando replied May 29, 2009probably 2 weeks later. at least. in fact, i think next target is 1.45.
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fando replied May 29, 2009that channel is not valid i think. end point of upper line is high of current bar.
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fando replied May 29, 2009not ecb but, may china or russia defend usd @ some levels. but i m expecting oil prices will rise more, and usd will help it.
EURUSD
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fando replied May 29, 2009they said yesterday, ther wont taking positions on exchange market. boj said that too. by the way, some verbal interventions may come.
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fando replied May 29, 2009there is nothing such things, overbought oversold actually. these are all assumptions. if even there it is, it cant be calculated by ohlc numbers.
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fando replied May 29, 2009imho, this is the market sentiment. news events builds it very slightly during days or weeks. any particular news can not say you where will the market go. this game is all about feelings & understanding the overall sentiment i think...
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fando replied May 28, 2009new home sales number, might not help your position. lets see what will happen.
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fando replied May 28, 2009look for round numbers. and there will be strong resistance @1.40 - 1.4025 i think.
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fando replied May 28, 2009i dont think so. there will be whips but i never saw something like so called stop catching. actually most retail brokers, as i see, smooths price action quite well.
EURUSD
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fando replied May 28, 2009one possible answer, risk appetite. this works this way for a quite while. say from the crisis showed up. anyway, bears defending 1.39.
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fando replied May 28, 2009im also long too. yesterday's pa was fantastic and stopped me out but i have strong bullish bias. market seems fragile, so may go down further because of some news or silly talking heads. but im curious about some guys trying to pull oil prices ...
EURUSD
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fando replied May 27, 2009yes, and i think up trend is still intact. bears released their chargers last 2-3 days but couldnt push the pair down.
EURUSD