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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
buy limit 1.4236 stop 1.4184 1st tp 1.4386..= activated
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stop set to 4290...missed tp a few..lookin to rewind higher dem stochs..first touch has not done it before always more push left
4 hr..so push to 4386++ then 1.6004 eventually (mho) been known to drink..
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have a good one...
Japan intervened in the FX market, Reuters reports, citing dealers..
very true... experienced traders often doubt a setup that is too perfect... but it happens....
yes... i see 4750/4800(if breaks higher) initially.... but i expect extension to 5050 b4 bigger pullback to happen...
only clean break below my important support line would see possibility of 1 more drop to 4090/4100 level.... only break below 4014 would reverse my bullish bias.
for now... looks like extension higher first to 4380/4400.... but not expecting breakout today... tom's data could provide the trigger... or more consolidation first b4 breakout... so could be a safe sell @ 4380/4400 until tom's data released...
this set up is too perfect, thats my only concern.
but many out there believe in QE3 ( AL sounds like a broken record) so yes i'll be in for a long trade if asia doesn't spell trouble ...buy limit set and stop buy, too
friday's US data just might do the trick.... :)