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- neo1599 replied Aug 31, 2010
Its not perfect but I read it as H&S(may very well be wrong).Neckline may be taken a bit higher but I take it at 2329. See below:
EURUSD
- neo1599 replied Aug 31, 2010
UCAD: If it closes on Daily above 1.0633 then T1= 774 If it closes above 1.0667 on weekly then T1= 1.125 Great days ahead for looney one or the other. Its been in a range far too long.
USDCAD trend reversal?
- neo1599 replied Aug 31, 2010
Passing time — Doubt anyone will use the info, but here it is anyway: Keep a sharp eye on weekly chart for a close below 2645. If we do close it opens up 2329 as T1. If we manage to close below 2329 on weekly it validates a H&S on weekly chart ...
EURUSD
- neo1599 replied Aug 29, 2010
Going to be thin yes. Oh..yea forgot. When I say rapidly please consider that I trade 4H and weekly and monthly charts. London close ok, wait for 2-3 candles, although I have my doubts we will need to wait that long.
EURUSD
- neo1599 replied Aug 29, 2010
reaching — EUR/USD has come to the deciding point as far as I can see. This new 4H candle if it closes above 2743 we go upto 2820 atleast, if it closes below 2734 then we might go down very rapidly.
EURUSD
- neo1599 replied Aug 27, 2010
Against my own theory — Against my own posts that 1.5522 would be a point to watch. I think this could very well be people closing their shorts before news. Being extra careful with the long.
Cable Update (GBPUSD)
- neo1599 replied Aug 27, 2010
Today everything is dependent on news. Better to stay away and wait for a clear picture next week, unless one has a position open.
Cable Update (GBPUSD)
- neo1599 replied Aug 27, 2010
watch — Watching 1.5522 with interest.I am biased tho Long position held.
Cable Update (GBPUSD)
- neo1599 replied Aug 26, 2010
Hit my SL and ended up with a losing trade. Still some shorts open for LT. This 4H close will be very crucial for medium term, if we close above 1.2756-60 then we are possibly going to see a return to 1.29xx. If we close a weekly above 1.2950 then ...
EURUSD
- neo1599 replied Aug 26, 2010
Only common in countries with protectionism by the Government. BTW the whole concept of free market and capitalism becomes a joke if countries start protectionism in general. Protection of key industries may to some extent be justified but other ...
EURUSD
- neo1599 replied Aug 25, 2010
sudden 1 minute down and one minute up move showed up in my charts. Is this just my chart or did it happen to others? WTF is going on these days EU gets active after NY? Edit: And now the price wont move up or down. I repeat WTF
EURUSD
- neo1599 replied Aug 25, 2010
Trading a news like the GDP is fraught with danger, it might go up like a rocket with a bad number only to plummet at twice the speed. Best to have a big SL, good MM, make sure the positions size isn't big enough to cause irreparable damage to ...
EURUSD
- neo1599 replied Aug 25, 2010
Seen some very strange markets in the past, ranging, strong trend, momentum, 50 pip up down for minutes stretching to hours. Have to say this one is new to me. A new lesson to be learnt here. Hope it doesn't teach me a lesson the way I used to learn ...
EURUSD
- neo1599 replied Aug 25, 2010
RISK OFF — Risk appetite should go dramatically down now that DJ has fallen below 10,000 and the numbers point to doom and gloom situation.
EURUSD
- neo1599 replied Aug 25, 2010
Yes this area is good I jumped the gun a bit and entered at 1.2651. This might be the fake move before the real move. However I am keeping a very open mind about this one.
EURUSD
- neo1599 replied Aug 25, 2010
Seems more like closing of shorts before news to me. Still quite scary for bears in the short term.
EURUSD