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- Mike8 replied Sep 18, 2012
not much going on. Missed that beauty long with gbpaud, the only one with a decent move.

EURUSD
- Mike8 replied Sep 18, 2012
Hi Adc I was looking at your chart, I saw a volume indicator, I thought they did not exist in forex (not centralise market). How does it work?

EURUSD
- Mike8 replied Sep 18, 2012
The last time she had a close below the 20 ema on the 4h tf was the 5th of thsi month. Let see.

EURUSD
- Mike8 replied Sep 18, 2012
Welcome. Looking forward for more.
By the way I am the oldest here after kiwi, mohan, john and attila.
EURUSD
- Mike8 replied Sep 18, 2012
yes. This is the first time since the 10th of August that I see some bear signs. Can go to 2970.Not sure.

EURUSD
- Mike8 replied Sep 18, 2012
My reason to go long euraud was a break of a symmetric triangle on the 4h tf
EURUSD
- Mike8 replied Sep 18, 2012
I went long euraud my first entry is in +90 pips. See, you convinced me and I shorted aud, it is all about sizzling.

EURUSD
- Mike8 replied Sep 18, 2012
Aussie is getting kicked in her butt. I am sure my Friend Kiwi is laughing while sizzling.

EURUSD
- Mike8 replied Sep 18, 2012
Ok I read it.
I understand how you draw the fib based on BB. Now in this case you would wait for prices to pull back above the 50 level and cross below to enter? Is that right? If that is the case how many pips your risk and where would you take ...EURUSD
- Mike8 replied Sep 18, 2012
So, the 50 fib you do not use as a bounce but as a break out. Is that right? and if it crosses back you get out before your SL is hit. Is that right?

EURUSD
- Mike8 replied Sep 18, 2012
Well done. What was your initial risk in pips and what made you go long?

EURUSD
- Mike8 replied Sep 18, 2012
All part of the deal, you should not be angry, it is not such a good commercial impulse. Just do not do it again and move on.
Myself I was over confident and I went long kiwi and aussie and got stopped, saw where I did wrong and moved on and went ...EURUSD