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Poll: EURUSD to breakDOWN or breakOUT?

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Thread: EURUSD

  1. #20206
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    But as Cody says, the real trend change might not come until early next year.
    People prefer certainty over truth.
    https://twitter.com/1hourworkweek

  2. #20207
    lukes8 is online now Member
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    Quote Originally Posted by melbgirl View Post
    It's that time of the year again, so the question is, will there be a Santa Claus rally? SP500 held 1,400 and if it can break 1,430 there is a chance. More interestingly, gold is in a falling wedge pattern which is supposed to be bullish. A sustained 1,700 break will give me a buy signal. The trouble is the correlations with the EUR seem to be broken. The spectacular failure at crucial resistance so far is pointing to "sell the rallies" which in my dictionary is resumption of a downtrend.
    Spot on, markets doin' their own thing, GL

  3. #20208
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    Quote Originally Posted by melbgirl View Post
    But as Cody says, the real trend change might not come until early next year.
    melbgirl, I saw on twitter that you are long aus/dollar, what time frame are you using? For me the pair seems to remain bearish, weak but still not a conviction to go higher yet. I am looking at the daily. Chart is on my "journal"

  4. #20209
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    Quote Originally Posted by scalping fool View Post
    melbgirl, I saw on twitter that you are long aus/dollar, what time frame are you using? For me the pair seems to remain bearish, weak but still not a conviction to go higher yet. I am looking at the daily. Chart is on my "journal"
    Yes, but my hedge is short AUD/CAD. I use the daily chart too which points to a possible 1.0550 but in a rising wedge which is bearish. Once the wedge breaks I will switch to shorts. Support today is just under 1.0440. G.L.
    People prefer certainty over truth.
    https://twitter.com/1hourworkweek

  5. #20210
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    Quote Originally Posted by melbgirl View Post
    Yes, but my hedge is short AUD/CAD. I use the daily chart too which points to a possible 1.0550 but in a rising wedge which is bearish. Once the wedge breaks I will switch to shorts. Support today is just under 1.0440. G.L.
    Thank you for the response I added one more line to the daily and got the wedge, really do appreciate your opinions here.

  6. #20211
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    Name:  12.6.png
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Size:  110.8 KB euro is hitting 38.2 wave 3

  7. #20212
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    Here is Money management in PDF form

    it would take up too much space to post it here

    as always what works for one will not work for others but this is a good starter guide to design your own
    Attachment 168910
    Last edited by CodyB; 12-06-2012 at 08:34 PM.
    Don't Chase the market let the market come to you

  8. #20213
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    One last video for this week and what I'm currently looking at right now. Hope all have a great weekend.

    http://s29.beta.photobucket.com/user...9PM-1.mp4.html
    “There are no limitations to the mind except those we acknowledge.”

  9. #20214
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    Hello experts. I'm using both meta trader 4 (MT4) and FXCM trading station (ST). When I start with Pivot point (PP), I realized that PP S3/R3 levels are different from each platforms. So what is the PP formula FXCM ST using? Could anyone give me the answer? Thanks for your help.

  10. #20215
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    Quote Originally Posted by hungndv View Post
    Hello experts. I'm using both meta trader 4 (MT4) and FXCM trading station (ST). When I start with Pivot point (PP), I realized that PP S3/R3 levels are different from each platforms. So what is the PP formula FXCM ST using? Could anyone give me the answer? Thanks for your help.
    Check the time settings on your chart platforms. One might be set at GMT and the other might be est

  11. #20216
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    My strategy for today, long for scalping, short around 1.3020. Longing EJ as well. Good luck to all
    Last edited by Hoo; 12-06-2012 at 11:48 PM.
    Never rush, missed the bulls, wait for the bears, plenty of opportunities out there

  12. #20217
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    Quote Originally Posted by scalping fool View Post
    Check the time settings on your chart platforms. One might be set at GMT and the other might be est
    Thanks. But I configure two platforms in GMT 0 (London). I notice that r1/s1 and r2/s2 are equivalent. Also check on other broker websites. However, FXCM r3/s2 pivot point levels are always higher than MT4 r3/s3 levels . So anyone else?
    Last edited by hungndv; 12-06-2012 at 11:53 PM.

  13. #20218
    kuroro is offline Member
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    Morning guys.

    NFP day finally!

    1.2945-55 tested...buyers have come in, but weak so far.
    At some point we have to retest 1.3060 (very high vol of selllers untested) and maybe 1.3110 if we can trade above 1.3060.
    Flat and waiting for a trade.

  14. #20219
    hungndv is offline Member
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    eur/usd moving down now.

  15. #20220
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    Morning,

    Here we go again.

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