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Euro looks to have done 5 waves down on 60 min chart.
1.2733, previous support on daily should now contain any corrective rally
Xerof
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my stop was (still is)at 1.2750
looks like theres some more pips for takin so far this morning...
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Just closed posstion.
Looks lick a retrace imo.
Cheers
Slam
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Gone long with a tight stop
Could end up with egg on my face.[:I]
Cheers
Slam
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Arco,
very interesting chart posted on TT by GWD for EUR.USD. Given his track record what do you make of it?
Does fit nicely with his EUR.GBP chart posted a few days ago, calling for major rally in this cross.
Xerof
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...that sounds very contrarian given the sentiment I'm seeing.
I've taken another short at 1.2626 but this one has a tight stop loss.
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yeh totally - martin is da man!! heheh
i think u and arco have it sussed too tho....
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you would have read then that there's a large EUR/GBP oda in London market. Seems GBP side is taking all the pressure of it, hence EUR/USD is slightly more resilient this evening
Xerof
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yeh i read that but didnt take too much notice...
i am kinda expecting some resillience after these drops... but can live with it - prepared to punt that it will evaporate.
note xerof, my mini-lots dont amount to much in the big scheme... i wanna play it like this for sometime before i start ramping up the stakes. too me conservatism will enable my survival in this dangerous game.
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