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- Pegasus54 replied Oct 11, 2011
im scaling out at +32 and placing sl at break even and let it run for a bit. Below 3610 is 3590 and 3550.
EurAnalysis
- Pegasus54 replied Oct 11, 2011
I dont see anything in the 30s but I could be missing something, but if 23 holds then yes but if it gives then 3610 and 3590
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- Pegasus54 replied Oct 11, 2011
I was able to get short at 3650 that l originally planned but if this 5 minute forms a pin, then price could test the trendline before further decline. Above 3656 and I may cut the trade.
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- Pegasus54 replied Oct 11, 2011
If I dont get the 3650-70 area then I will have to wait until the 5 minute closes below and then retests this 5 minute trendline.
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- Pegasus54 replied Oct 11, 2011
yes and looking at your chart I see the possibility of a head and shoulders pattern forming the right shoulder around the 3650-70 area.
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- Pegasus54 replied Oct 11, 2011
I would like to get a short around 3650-70 area.Still looking for the 3480 area. Above 3700 and my view may change.
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- Pegasus54 replied Oct 11, 2011
Micro timing this...now that we are below the 5 minute trendline, there is a good possibility we will test 3550.Im am positive 25 pips so I iwll scale out and move sl to breakeven and shoot for a target of 3550 being that I have to leave soon. ...
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- Pegasus54 replied Oct 11, 2011
Oh yeah, I remember being reprimanded for posting too much eventho it was all trading related. And the one reprimanding me was a person who constantly posts things that do not even have to do with trading.lol But this is all good and we will leave ...
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- Pegasus54 replied Oct 11, 2011
I do believe this is the most informative thread on FF.The best part is that there are no egos getting in the way and everyone is willing to help everyone else succeed.
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- Pegasus54 replied Oct 11, 2011
TY Buma, it is greatly appreciated. Soon I will be able to give out well deserving vouches myself.EurAnalysis
- Pegasus54 replied Oct 11, 2011
As long as you have sound money management and you have a stop in place, there is no reason to be nervous. Win. lose or draw and you will be fine. Now if you havent conquered the emotions and the money management part, then you have reason to be ...
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- Pegasus54 replied Oct 11, 2011
Check
. I have a hard time leaving my pc without a stop. Been burnt too many times and I think I finally learned my lesson.lolEurAnalysis
- Pegasus54 replied Oct 11, 2011
I will be back in just a bit. Have some phone calls to make.
EurAnalysis
- Pegasus54 replied Oct 11, 2011
Above this upper green trendline on the hourly and price could rally to 3790 but as long as price is below that, shorts are good.
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