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Venice replied Oct 21, 201039960... I don't do the hole support resistance trend line stuff... momentum tells all. Make note of it but that is about it.
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Venice replied Oct 21, 2010Would be real nice if I could get confirmation on 4h just keep this open... I think I am going to need at least 2 more bars on 4h though.
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Venice replied Oct 21, 2010I got one... but on the 15 min shart... just scalping away until confirmation of sell on 4H happens...
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Venice replied Oct 21, 2010Hi Ocean... I do agree with your thoughts here, and I would never do this in a live account. It helped me build a TON of confidence in my indicators though. Generally with my indicators it takes some retraction action to properly give a new signal, ...
There are no secret patterns and there will never be one
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Venice replied Oct 21, 2010Starting to get top heavy on the 4H... waiting for signal confirmation to make my move. Doesn't look like I will have confirmation by the 12 close of my 4 hour bar, but latest by 8 tonight.
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Venice replied Oct 21, 2010I sure hope we don't start stalling in this area again... breakit or bounce south... but please, pick a direction!! zzZZZZzzz
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Venice replied Oct 20, 2010Oops. I just completely botched that up. Nothing like +50 pips then another trade at double leverage for -25 lol.... oweee. Got a little to excited and was letting the bouncing candles manage my decision making rather than my indi's... C'est la ...
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Venice replied Oct 20, 2010No worries mate... just wanted to point out that we are extremely bullish at the moment. Remember not to trade it until the break actually occurs. Any position inside is just plain out gambling...
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Venice replied Oct 20, 2010Keep in mind, descending triangles generally are continuation patterns, not reversal patterns.
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Venice replied Oct 20, 2010I say price drops like a rock to 3830 then sky rockets back to 4500 by 8:00 tonight. I could dream... right? Nothing like a few hundred pips in a couple of hours... heh heh
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Venice replied Oct 20, 2010I think you will find everyone has this problem. You don't know which it is until it has happened. All patterns point to a breakout to the topside... yet you don't see me going long yet. I personally am not a fan of gambling in this market

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Venice replied Oct 20, 2010didn't you like the answers you got? What does your chart tell you?
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Venice replied Oct 20, 2010I think you misunderstood what I was trying to say. Price is still definitively moving one direction or the other even when it's ranging. It is just changing directions quickly. Even with this crap range we have now, their is potential to scalp a ...
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Venice replied Oct 20, 2010Based on any given time frame price is moving in 1 mean direction, not both. Red and green candles man... their are no yellow ones. (unless of course you set them to that color)!
There are times, however, like now, when the 10 pips that I may ...EURUSD
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Venice replied Oct 20, 2010+90ty billion... people don't realize how much confidence in your system can boost your success ratio ten fold!
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Venice replied Oct 20, 2010Yeah true. I like to keep things simple though. If price is going up, buy, if price is going down, sell. If price is doing what it is doing now... grab a coffee and relax

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