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Yuchen replied Oct 13, 2011EU divergence — I can see EU is still on a bullish trend based on 4H chart However, MACD is divergent In the next 12 hours, if 4H candel chart still close as bullish above 20 MA, but MACD keeps falling with lower and lower volume, this will be ...
EURUSD
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Yuchen replied Oct 13, 2011So VenD why dont you just close your profits instead of hedge them?
USD/CAD
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Yuchen replied Oct 13, 2011Yes, you are right... i had a short at 1.4045 for almost 4 days and it always swing between 1.4000 to 1.4080... There are a lot times when it drops to around 4000 i was thinking about to close but then i told myself to hold it for a long-term trade ...
EUR/CAD
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Yuchen replied Oct 13, 2011It seems 1.3690 (the former resistence rejected EU by a few times on Sept 28th and Oct 10th) becomes a short term support. But EU still needs to break 3750 otherwise i think those people shorts from 38XX will still hold their shorts and not many ...
EURUSD
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Yuchen replied Oct 13, 2011Yes, i see your strategy. It is not a bad strategy if you put around 200 pips stop if you are patient enough when you trade in range. Sometimes I use this strategy and i always start with small amount such as sell only 0.02 lots and i have around ...
AUD/USD
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Yuchen replied Oct 13, 2011what do you mean wont work in the long run? do you mean use this strategy is not good for trade in the future or do you mean this strategy is not good for long-term trade? I think 20 SMA is not bad for mid-term and long-term trade if follow the ...
EURUSD
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Yuchen replied Oct 13, 2011I see the last three 5 mins candel closed as bull so i assume the 5 mins bottom is formed and i move my s/l be at 1.3693. now i will just relax and watch how the market goes
EURUSD
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Yuchen replied Oct 13, 2011I use 20 SMA and it seems 4H indicates 1.3692 should be an entry to buy. i long it at 1.36927 with s/l at 1.36714
EURUSD
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Yuchen replied Oct 13, 2011I agree with your idea about sell AUD/CAD because I see most cross-pair related to CAD are fairly stable range trade swing back and forth. I am still waiting for either the price reach to near 1.05 or at least 1H turns to bearish.. you sold at ...
AUD/USD
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Yuchen replied Oct 12, 2011Thanks for your kindly suggestion. I do not normally trade with news but i will take a look to see how market moves.. (i might will try 0.01 lot, lol).
AUD/USD
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Yuchen replied Oct 12, 2011what average price did you short and how large is your total open order and your account balance?
EURUSD
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Yuchen replied Oct 12, 2011It could be, even weekly chart still shows bearish.. it is even possible to drop to 1.2XXX but it is still bullish on 4H now and we still need to wait for 4H turn to bearish to start short.
EURUSD
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Yuchen replied Oct 12, 2011I am not sure if we have the same 4H chart, but i beileve we do. 4H is still a strong bullish with no indication for drop yet (it may not be able to up more because we are at the strong resistence around 3850 area, which was 50% of the last 1400 ...
EURUSD