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Scrat replied Nov 1, 2010it only died because the pair got sick
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Scrat replied Nov 1, 2010again, let's not jump the gun. neither bulls nor bears are playing seriously. real support is @ 1.3732, and real resistance @ 1.4079 (it MAY have moved above today's high @ 1.4010, but it's not yet confirmed, so we may still see a higher high on ...
EURUSD
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Scrat replied Oct 31, 2010let's not jump the gun yet. here is a daily chart with ask-bid balance, showing buyers @ 1.3732 (which is now the lower limit of the range) and sellers @ 1.3944 (note that the upper limit of the range seems to be @ 1.4078). the range is not broken ...
EURUSD
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Scrat replied Oct 28, 2010it doesn't matter what we are going to see. you need to base your decisions on your money management and on what you see on the charts NOW. if every timeframe from h4 to monthly is bullish, wait for a dip on 15 min and go long...
EURUSD
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Scrat replied Oct 28, 2010i would think there's more to the upside... maybe about 100 pips from now, let's say 130.25
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Scrat replied Oct 27, 2010depends on the pair... volatile pairs need larger stops. but it also depends on your trade management. look into the past and see how much the pair can go beyond an important level - 30, 40, 100 pips... you gotta develop a feel for the pair... and ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Scrat replied Oct 26, 2010yes, weekly charts rule. in fact, i think that's the lowest trustable timeframe in forex... everything below daily is just manipulation, plus daily is not really a timeframe since there's no real close of the day - orders keep coming in from monday ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Scrat replied Oct 26, 2010hey what's up... looks like "the beast" decided to move a little bit to the north, well it's not done - i think there's more, maybe in the lower 130 area. short term resistance is around 128.05/30... good area to try another long for 150/200 pips. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Scrat replied Oct 24, 2010oanda shows 1.3993 was hit a couple of minutes ago. support for this week should be at 1.3873, and resistance at 1.3997...
EURUSD
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Scrat replied Oct 21, 2010no inside data, it's based on the tick volumes... any decent charting software (but not MT, that's for sure
) should be able to provide the data you need for this - provided you have a data feed subscription (like e-signal for example). EURUSD
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Scrat replied Oct 21, 2010i posted that chart because it shows ask-volume and bid-volume balance - i use two different indicators that show the balance between these two. basically, when i see ask-volume then i know someone is buying; but you can't possibly see this on the ...
EURUSD
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Scrat replied Oct 21, 2010buying has began (light blue arrows)... so big players are again at work. now let's leave them do their job and patiently sit back and wait for price to turn around.
EURUSD
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Scrat replied Oct 21, 2010daily volume remains bullish until today's low is taken. given that, the main action is to buy the dips. this looks like another dip so i will buy it when i have confirmation that it ended. looking at current configuration, i would say we haven't ...
EURUSD
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Scrat replied Oct 19, 2010it's not. i spent years studying this and i came to this conclusion. but let me put it another way - if it were, you'd be a millionaire, because you would apply statistics and so you would always be profitable. are you?
EURUSD
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Scrat replied Oct 19, 2010indicators only look at the past. using them it's like trying to guess what's ahead by only looking behind. market behavior is not and will never be statistic.
EURUSD
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Scrat replied Oct 19, 2010theoretically, yes, in fact it's 1.4070, but depends on what's going on here. break below 1.3790, no 1.40; no break, we go up again.
EURUSD
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Scrat replied Oct 19, 2010nice move. now we're at the lower edge of the ascending channel and should see a bounce from here - good opportunity to reload some shorts. no bounce, well, no more rally and we are going down more - probably to upper 1.33/1.34.
EURUSD