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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 13, 2011 18:21
Mach, my experience across the board in all futures mkts etc is that sometimes MA's play and sometimes not. Just like everything else. I note the times they play and the times they are garbaged. So for me they are potential "reaction" levels but they dont tell me anything about mkt structure. They are of course a "lagging" indicator.
Machiavelli
Posts: 113
13 years ago
May 13, 2011 18:19
BTW I asked around that 70.7. It seems that noone knows where the number is coming from, but they're aware of the issue. The general idea is that in the German hemisphere a lot of people use 70.2 because it would be more logical/exact. 70.7 is mainly an Anglo-Saxon thing. So there, case closed.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 13, 2011 18:16
Chloe, no prob buddy. I just wish you had paid attention the parameters I outlined and made some real decent dosh entering the higher trend back down again.

You need to think about your range trading, only suitable for "ranging" days. Trend days will eat your ranging methodology for breakfast and then spit you out at lunch and bury you by dinner time.
Machiavelli
Posts: 113
13 years ago
May 13, 2011 18:15
No, don't take my word for it. Check it out. Weekend is here. :)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 13, 2011 18:10
Mach you probably a lot more experience than me with forex MA's so I take your advice.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 13, 2011 18:08
heyt dave i didnt long it ..i stayed flat and went out for my best bike ride soo far did 30km in 56min..its not that im tryn to fade a direction but rather look at the move and think it could try to recover or take a short breather before deciding if further drop is going to happen or if its going to move back up..i stil like to think eur is still favored but lately theres a struggle goin on and it looks like the $4 is starting to gain some favor..ok thanks & gl:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 13, 2011 18:07
I would think that if this sob finishes its move down at or above the 50% level at 3906 then we have seen an impulse wave down. Implications, unlikely to ever see 4938 high again for a very long time.

If on other hand the digi count proves valid with a trip to at least 3738 and an impressive reversal from that area 3738 to 3552 then high probability will work back up to new highs above 4938.
Machiavelli
Posts: 113
13 years ago
May 13, 2011 18:05
Not at all. But 100dma has better track record on fiber. And check it out where it'll be next week. (Hint: lots of stops.)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 13, 2011 17:59
silence is deafening, am I boring everyone shitless ?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 13, 2011 17:53
Wave C's are ALWAYS 5 waves within. Now look what you done, I broken my personal vow already.
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