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- timotei replied Aug 12, 2013
Don't see any divergence there. That occurs when PA is moving one way and indicators the other. In your cahrt everythings pointing the same way.
EURUSD
- timotei replied Aug 12, 2013
If you take the start of this upward move on 2nd August we're currently at the 50% retracement level. The 61.8 level would be around 3267. Below that you have 3247 and 3236
EURUSD
- timotei replied Aug 12, 2013
The downward momentum looks all but done ( barring any 'new', news ) 3296 is the 76.8 fib retracement from the start of the upwave of 6th July. That said there doesn't seem to be any particular strength for the correction at the moment and 3265 ...
EURUSD
- timotei replied Aug 12, 2013
Hi Max. Cant post a chart at the moment. Looks like another small leg down may appear but I;ve closed my short at 3305 and am waiting for a signal to go long.
EURUSD
- timotei replied Aug 12, 2013
Not sure why anyone remains short. The downward move looks complete and a correction to 3360/70 looks obvious. If you look at the hourly the most likely move would be north of 3400 again. Just my humble opinion.
EURUSD
- timotei replied Aug 5, 2013
to all newbies --- the ONLY way to make any money in this is to do your own research and DEVELOP your own style and method of trading. You will never do it by trying to hang on to others' coat tails. Most of the stuff posted here will only lead you ...
EURUSD