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05-10-2011, 05:16 PM
#1371
Member
ok sweet, non of my indicators for 30min are showing for a buy as well plus way to close to the rsi line for me,
u wouldnt know what caused the jump at 830pm last night would you that massive green bar ther?
any idea when it will turn?
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05-10-2011, 07:08 PM
#1372
it should not exceed 76.50 as there is heavy fib activity there.
watch maybe for a double top 76.30
my feeling its quite close to breaking to the downside.
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05-10-2011, 07:14 PM
#1373
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05-10-2011, 08:37 PM
#1374
Hi DA
Thanks again for your charts and posts, excellent analysis.
I miscalculated the GMT timeline on your post of about 7.31AM and entered short at 8.42AM NZT.
It has been an interesting day.
I calculated the Fibs close to your value for the SL and I am still in the trade.
Certainly pleased at your recent posts about more downside...
Will be watching
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05-10-2011, 09:06 PM
#1375
Hi Bio,
The spike was at 8.30am and I went short part way through the big green bars.
I believe the cause was the FT article on a BadBank for support of EURO banks.
This was repeated on cnbc etc and the dow rallied strongly in the last hour, up 153 points for the day after being down 200 odd = 350 points.
A remarkable day.
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05-10-2011, 09:26 PM
#1376
Originally Posted by Toulouse - Luzern
Hi DA
Thanks again for your charts and posts, excellent analysis.
I miscalculated the GMT timeline on your post of about 7.31AM and entered short at 8.42AM NZT.
It has been an interesting day.
I calculated the Fibs close to your value for the SL and I am still in the trade.
Certainly pleased at your recent posts about more downside...
Will be watching
hi toulouse , that was yesterday evening so pm not am.
it should be new lows from here but care needs to be taken as this is near the completion of the bearish pattern.
often this leads to volatile swings so you need to watch stops.
most sensible place for stop is above 76.50
targets still 74.60
i now have one eye looking for longer term long entry.
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05-10-2011, 09:45 PM
#1377
Thanks DA,
Yes I was well after the event ...
my stop is above 76.50,
let's know about your switch to long...
you have done pretty well on this over the last few days...
bonne chance
rgds
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05-10-2011, 10:55 PM
#1378
Member
da, cheers for the chart mate, always good getting a visual. which platform do u use, mind i ask?
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05-10-2011, 11:03 PM
#1379
Member
TL, thanks for the comments always good hearing from more experienced people like you and da,
thanks for your help and also for future questions that i might ask haha,everyone has to start somewhere.
bio
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06-10-2011, 10:16 AM
#1380
morning guys , stopped out on shorts -60 pips , looks like there may have been a significant short term bottom at 74.60.
i would be changing bias and trading from the long side , but beware the kiwi is a fickle beast and can swing quickly.
im going to let the dust settle and review over the weekend.
gl
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