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BudFox replied Feb 24, 2010Take a look at US equity futures, can't post a chart now but its time to see more down side, tomorrow could be a downer for equities = (typically) E/U losses. Of course I've been saying down day for US equities for a while now, I guess you could ...
EURUSD
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BudFox replied Feb 24, 2010Yep, actually added to my short position once I posted my chart, everything looks good for now, especially since breaking 3500, would be great to get a close on a H4 below it, then possibly take out previous low from earlier in the month. Time will ...
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BudFox replied Feb 24, 2010I don't typically attach the charts I actualy trade from (no magic secrets, I just know they look sloppy) but I've got a H4 below, with my TLs drawn not to mention a few other things, ha. I too am bearish this pair but have no problem with a counter ...
EURUSD
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BudFox replied Feb 24, 2010Thanks, and I did just go back and reread it. The first time through i just picked up on some key words that made me think this was about averaging down, obviously this is different. Hope I didn't just kill my internet credibility.
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BudFox replied Feb 24, 2010Testing that ascending TL again, will it break or bounce? Time will tell
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BudFox replied Feb 24, 2010Thats what I get for skimming, I'll have to check it out later then. Thanks.
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BudFox replied Feb 24, 2010I may have misread this entire post about "anti hedging" but it read to me more like averaging down a position. The only problem is you never 100%know when/if it will come back to near your entry or where you averaged it down to.
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BudFox replied Feb 24, 2010Price is below 3580, so would it not now be resistance? Happens to coincide with one of my big MAs.
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BudFox replied Feb 24, 2010Don't say it too loud or someone might hear you, but that would bring me some profit, currently short.
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BudFox replied Feb 24, 2010I agree, and have some similar lines on my H4 as well, was just noticing this H1 possible channel. As you mention, and we agree it has to break that ascending TL forming the bottom of the H4 channel if this H1 channel is going to actually ...
EURUSD
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BudFox replied Feb 24, 2010Been drawing lines, possible new channel forming, of course need to break the ascending TL first then possibly target the bottom of the channel. Thoughts?
EURUSD
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BudFox replied Feb 23, 2010I don't typically jump in on these chaos/anarchist theories of USD failing, world gov't, etc. but when someone adds to the end of their conspiracy theory, "not now, but eventually". I remember that eventually anything can/will happen, at some point ...
EURUSD
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BudFox replied Feb 23, 2010Well this is FX, violence is the nature of the beast, also it might do anything, it could be forming a lower high. Only time will tell. I trade what what I see on the chart instead of letting my brain get in the way.
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BudFox replied Feb 23, 2010Looking at USDX, seems like there could be more upside soon, got a nice bounce from the TL (I'd say its a 3rd bounce). US equities/DJ look like they are in this triangle, also as someone mentioned they stopped dead at the 61 retrace (look at the ...
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BudFox replied Feb 18, 2010US futures look promising for more $$ strength tomorrow, what will the euros do while I sleep? Out of this pair for now, short U/J, would say there is a correlation between pairs but that would be a lie, U/J does what U/J wants to do regardless of ...
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BudFox replied Feb 18, 2010Those two cents will cost more to borrow tomorrow, assuming you're a bank.
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BudFox replied Feb 18, 2010I dont necessarilty subscribe to black helicopter theorys about market manipulation. Although big money moves the market, i wouldn't say it manipulates it, there is always a bigger badder seller/buyer with more to gain or lose.
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BudFox replied Feb 18, 2010By my count we haven't had 6 consecutive weeks with down candles (looks like we will, unless something radical happens tomorrow) since '04, please correct me if I'm wrong. Shouldn't wee see some kind of buying next week or at least some kind of ...
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BudFox replied Feb 18, 2010Me and you both, just over BE right now, so many opportunities missed. Was right about the trade wrong about the time on a couple that would have made my week. Staying positive for tomorrow, can't will this market on my own.
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BudFox replied Feb 18, 2010Still have 30 mins left, that candle can change drastically, also it may just rest for a little while, these things don't move in a straight line.
EURUSD