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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
needs clear break above 6165 to be heading higher.... could see 1 more dip to 5930/50....
buy the dip... hopefully see dip to 4050/4100... then i'll go long for tp1 4350 tp 2 4460...
but i'm not sure if we'll see the dip... :)
so it make sense to short from here after the short signal appears
or something
btw which way you re going short or long?
as long as 4040/50 holds.. favor break north now...
that's my chart....
so what do you think? still shorto?
You will find several 50 pg pdf's you can download and study. Be aware that no indicator, however bulled up to the nines, contains any "magic". Indicators all follow price action and that includes MA's.
There is an enormous following for the Woodie CCI and some traders do well trading with it. Everything should be read IN CONTEXT of the current mkt position.
Current "context" is enormous downside risks (risk aversion) but that doesnt mean the mkts will behave in any way rationally. Most of the time mkts behave irrationally and thus is the challenge we confront as traders.
the line