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wwwin replied Oct 31, 2009Take a look at how nicely on the hourly chart, the fibs worked both as support and resistance.
fxswing - Trading notes, analysis and market thoughts
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wwwin replied Oct 29, 2009Why are you using 1.4480? Should it not be just 1.4682 if you are retracing the downmove? or if you are fibbing from 1.4480 to the top,,, I believe you have the 100% retracement at 1.4480 not at the top. So start the fib by clicking the 1.4480 and ...
EURUSD
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wwwin replied Oct 29, 2009Draw first trend line, double click on line unitl u see 3 dots, then hold down Ctrl key, and drag the line to where you want the other line, that is for parallel lines, don't know about diag?
EURUSD
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wwwin replied Oct 29, 2009In options, it's called the "Maximum Pain Theory". It actually exists.
EURUSD
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wwwin replied Oct 29, 2009The one day party is over bulls, upper trendline is as far as it gets
EURUSD
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wwwin replied Oct 29, 2009GDP numbers to be reviewed next month...tons of one time events that have inflated the numbers. Inflated numbers and a measly 70 pip pop, it is written in the wall.
EURUSD
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wwwin replied Oct 29, 2009Well yeah, maybe range, but some food for thought...A major Wall Street bank is long an incredible number of EUR puts lower than 1.35 which expire in 4 months and you know they don't want to lose the premium...I say going down. "Hello XXXXXXXXXXXXX ...
EURUSD
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wwwin replied Oct 29, 2009My humble opinion is this was a knee jerk reaction to the GDP alone..but if you take out cash for clunkers, then the number is bad...and unemployment claims was bad, and advance gdp price was bad...once some bulls go long the down move will ...
EURUSD
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wwwin replied Oct 29, 2009It's a bull trap...grew only b/c of cash for clunkers, and that is over " The gain in consumer spending, which accounts for about 70 percent of the economy, “largely reflected” an increase in purchases of automobiles attributable to the ...
EURUSD
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wwwin replied Oct 29, 2009Because USD and JPY are safe heaven...GDP is currently inversely correlated, which means, until the crap is over GDP beats = $ and Yen drop GDP disappoints = $ and Yen strength
EURUSD
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wwwin replied Oct 29, 2009Here you go. "EURUSD - The ratio of long to short positions in the EURUSD stands at 1.22 as nearly 55% of traders are long. Yesterday, the ratio was at 1.15 as 53% of open positions were long. In detail, long positions are 0.2% lower than yesterday ...
EURUSD
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wwwin replied Oct 28, 2009Nice chart, I see high volume on down moves and low volume on retrace. Am I getting it now?
EURUSD