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04-16-2012, 06:11 AM #72991
The momentum of the mini rally is fading.
Its just a matter of time before the downward action resumes.
04-16-2012, 06:16 AM #72992
Important Economic Announcements for the Week of April 16th
I hope you have had a great weekend. After a past week of Risk Aversion, could we see a rebound this week. Sometimes the US equity markets rebound after the US Tax day (April 15th). We will see if we see a repeat of history.
Here are a list of important global economic releases that you should be aware of.
For a complete list, please visit Economic Calendar | DailyFX Forex Events Calendar | DailyFX
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04-16-2012, 06:19 AM #72993
This year Tax day is on the 17th.
04-16-2012, 06:45 AM #72994
classic 5 min wedge scalpers breakout
been scalping longs off bottom as 4 hr indies were in the sand.
chart showing 5 min breakout on wedge also trading for tgt 3030 and possibly 3050.
executed on entries via 1 min
need to see if i can reach 3030 tgt for now
Take your profits or the market will take it from you....
04-16-2012, 07:25 AM #72995
Master scalper at its best........... Wham Bam thank you maa'm....
Originally Posted by cw1
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
04-16-2012, 08:08 AM #72996
Have moved stop to breakeven here at 1.3015 - got all the technicals I wanted for a move up but so far, timid. Keeping fingers crossed for an early day!
Originally Posted by Clivewaverider
04-16-2012, 08:58 AM #72997
04-16-2012, 09:39 AM #72998
04-16-2012, 09:56 AM #72999
Originally Posted by Alejandro Zambrano
This correction will probably continue until the end of the London session so for 4 hours more and then we will try to create a high.
04-16-2012, 09:57 AM #73000
If price holds above 27.2% (1.3055) maybe we will see a final attempt to 38.2% (1.3078)
04-16-2012, 10:06 AM #73001
heheheheh missed sell stop by 2 pips but a opened it manually...stop: daily close above 1.31
Originally Posted by Engin Gencer
04-16-2012, 10:06 AM #73002
potential here for a very serious failure to the downside , could catch many shorting bottom of range that got sucked in by the H&S pattern as this pattern always does. Above 3080 will seal range trading, pressure to the downside while under 3050
04-16-2012, 10:13 AM #73003
Cutting Losses Quickly Makes it Easier to Ride the Trend
Cutting Losses Quickly Makes it Easier to Ride the Trend- After a long decline in the risk appetite currency pairs (AUD/USD, EUR/JPY, etc.) a rebound started in the early London trading session. A clear 30-minute down trend line was broken indicating a move higher as long as morning lows held. Usually, after a trend line break, a currency pair returns to test the breakout point before moving higher. I took that opportunity to turn my longs around and fade the rallies in AUD/USD, EUR/JPY and GBP/JPY. I closed all trades at the end of the Pip and Run Live Trading Webinar for a total of 26.6 pips in roughly 40 minutes of trading.
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Talk to other scalpers here:
04-16-2012, 10:23 AM #73004
I was searching for that bottom on EU today which eventually came at 1.29938. I hope that is the true bottom though after that long decline from friday 13. What a drop
04-16-2012, 10:52 AM #73005
Euro News Fade Setup?
That sure was a long decline ForexLion! It just went on and on. We might have a little bit of profit taking after a better than expected US Retail Sales number before moving higher.
Originally Posted by ForexLion
What do you all think?
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