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Rag2RichesFX replied Aug 8, 2012your charts may say up but current PA doesn't. need to watch these levels
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Rag2RichesFX replied Aug 8, 2012It already hit 45 and bounced. I'd either short the retrace ( i guess you did actually ) or wait until 40 breaks and retests. IMO 2320/15 is probably it, 2295 max
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Rag2RichesFX replied Aug 8, 2012Reversal is possible, I have my stops from my small bit of short (only 1/3 of position) from 2435, set above 2400 (option expiry for 10am NY cut) If we are to continue down, I think it will happen near 1.2377 again. Taking a quick break, be back in ...
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Rag2RichesFX replied Aug 8, 2012Might retest 2354 or 2360, I don't know, got snatched up quick, but trend is still bearish on 15m to 1hr
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Rag2RichesFX replied Aug 8, 2012Would be smart to reduce somewhere in here, until a firm break of 2340
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Rag2RichesFX replied Aug 8, 2012partial take profit hit at 23488 (+85 pips) i dont care how heavy this is, i stick with my targets recent shorts (from 77 and 67) now @ BE targetting 2320 (will probably cover them at 2340 until it breaks)
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Rag2RichesFX replied Aug 8, 2012How many pips?? I added at 67 (that huge support level now resistance, daily s2) targeting 40.
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Rag2RichesFX replied Aug 8, 2012Couldn't agree more testing 2354 now, then 2340 edit: 4hr bollinger band is around 1.2320
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Rag2RichesFX replied Aug 8, 2012Happens :/ still time to find a decent entry though. should retest 77
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Rag2RichesFX replied Aug 8, 2012Agree..this PA is horrible... maybe 1.2360 buyers wanted 2390s to short Almost shorted 90 as well, definitely had fear on that one even though I shouldn't have.
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Rag2RichesFX replied Aug 8, 20122360 may have been it
(or that is one hell of a retracement/bull trap, and if a break of 2360, likely 2340 wont be able to hold it)EURUSD
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Rag2RichesFX replied Aug 8, 2012Glad I covered wow.. after 2385.. 2394 right into falling trendline
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Rag2RichesFX replied Aug 8, 2012I keep covering at 65 area, its too tempting. Usually good for at least a bounce to 75 Edit: I knew we needed to consolidate if an attempt to go down was to be had, but damn.. Watch 1.2385
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Rag2RichesFX replied Aug 8, 2012Glad you got a perfect short
Some dont' mind risking 5 pips to make 30 (i certainly dont). 77/80 is a broken support level so its actually quite low risk. Going short here with wide stop would not be the smartest play, I agreeEURUSD
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Rag2RichesFX replied Aug 8, 2012im short from 2435. if you dont think 2340 is possible than thats your opinion. I am short 77 with a very tight stop, just to add more to the position to hopefully get an even bigger winner Ive actually been scalping this range for a while.. 65 to ...
EURUSD
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Rag2RichesFX replied Aug 8, 2012market forces, everyone in the market combined
, but in reality probably just banksEURUSD
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Rag2RichesFX replied Aug 8, 2012so much support at S2, many retests.. they are trying very hard to shake shorts out. at least it accomplished a slight increase in RSIs
EURUSD