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Rag2RichesFX replied Sep 13, 2012and you can reshort higher if you want the beauty of tight stops (for when the trade becomes invalid not some preset amount of risk where you hope price doesnt reach you, like a 10-15 pip stop when the trade is invalid after 5) less risk, more ...
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Rag2RichesFX replied Sep 13, 2012speculated that if 1.30 breaks then 1.305-1.31 will cap the move for now. honestly though its hard to call a top with a fundamental shift. could just keep on charging.
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Rag2RichesFX replied Sep 13, 2012i have 5 diff broker platforms i use all have there different uses.. some have more historical data, some more ticks, some faster price updates than others.. one i use exclusively for DXY.. but this is callled ACM its a swiss broker. you can get a ...
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Rag2RichesFX replied Sep 13, 2012i think im in love with this new platform and chart
divergences are clear as dayEURUSD
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Rag2RichesFX replied Sep 13, 20121.30 is double monthly resistance, it SHOULD contain the move for ntoday
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Rag2RichesFX replied Sep 13, 2012what negative news have we had in the past month? high court was extremely positive news what about positive news for U.S. any of that? remember that EU news can easily be dwarfed by US news (if no problems with the EZ though we would already be at ...
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Rag2RichesFX replied Sep 13, 2012Yeah well it did technically setup for long.. but not this quickly and with this little retracement thats where the move differs from a technical one, definitely was a technical move up to 1.26xx though. past that was pure FA imo (german high court ...
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Rag2RichesFX replied Sep 13, 2012This move is purely fundamental... how could this big of a technical move happen without fundamental shift? We went up to 1.30 faster than we went to 1.20
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Rag2RichesFX replied Sep 13, 2012Its open ended but they won't stop until the economy is "better" no specific targets, if Ben gave the market specific targets they could predict when stimulus ends.
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Rag2RichesFX replied Sep 13, 2012so much momentum..... 1.305-1.31 is where I see it being capped off for a week or two retracement.
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Rag2RichesFX replied Sep 13, 2012because its still something... some are calling it QE lite.. lets see when Ben says in a few minutes.
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Rag2RichesFX replied Sep 13, 2012Which would match up well with this.. Can't mess with the first touch of a weekly target (demand and 50 fib) even on FED stimulus Dollar will bounce here I am 99.9% certain
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Rag2RichesFX replied Sep 13, 2012This is not QE3 but its similar... and it means QE3 is guaranteed soon. Commodities are still cheap so we are rallying hard because big money is front running it.
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