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Myo replied Jul 12, 2012Monthly chart coming up. I fibbed the October 2000 low and the July 2008 high. The 50% line has confluence with the shoulders of an inverted H&S pattern dating back to May/June 2010 (ignore the yellow rectangle). Edit: Oh, and also weekly S1. All in ...
EURUSD
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Myo replied Jul 10, 2012As I see it, we spent this week ranging between the 127.1 and 161.8 Fib extension, drawn from the June 28 low to the June 29 high (including the first EU summit-spike). So, as long as we donīt break the 161.8, maybe thereīs still steam left for a ...
EURUSD
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Myo replied Jul 10, 2012ehm...why? Price took out yesterdayīs high but still managed to close below yesterdayīs low. That should count for something (bearish), right?
EURUSD
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Myo replied Jul 10, 2012OK, but I canīt bring myself to buy Euros now (except for a scalp). Not before we take out 1.24. It just feels wrong.
EURUSD
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Myo replied Jul 10, 2012Ok, my turn: A bearish engulfing candle (is that what you call them?) has formed on the daily so my bias is - tadaa- even more bearish than it was before. Any upswing should stop and reverse in the yellow zone. Why? Thereīs triple confluence: daily ...
EURUSD
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Myo replied Jul 10, 2012Well, yes, alright, letīs forget about it. Youīre probably right. I just tried to type something out but it didnīt really make sense. Edit: Somebody on here told me to forget about Sunday opens, highs and lows anyhow and to focus on the close ...
EURUSD
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Myo replied Jul 10, 2012Forget about Oanda. Another member quoted the sunday low from his reuters feed: Itīs at 1.2226. edit: though you better ask a professional for guidance on that matter. Iīm not too sure either what to make of all these different quotes.
EURUSD
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Myo replied Jul 10, 2012I donīt trade pinbars, but shouldnīt they look like this to be valid? edit: also, your daily candles are messed up. That feed canīt be right. edit2: short closed for +23.
EURUSD
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Myo replied Jul 10, 2012Itīs mainly a psychological issue. 7% is widely considered "do or die" in 10 year goverment bond yields and thus should be kept in mind, if you care about fundamentals. my opinion.
Fundamentals confusing the masses