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  1. #1
    Diamond Member Array William's Avatar
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    EURusd - Sunday Apr 25th 2010

    Currently it's around 5 hours before the market open at Monday.

    I think EU will gap up at least touching around 1.3425.

    It's just a price action analysis though...
    - coz the price is closing nearly very bullish, near the top of yesterday high.
    - the candle at D1 is a little bit triple bottom.
    - the price is around 1.3380 a number which I think will break 1.34xx.
    sorry, can't really give any detailed technical analysis.

    Well, I entered long 2 lots. It's one of the privilege having an account at Oanda, that we could trade even when the market is closed

    I could be wrong though, let's just see what happens on Monday.

    Regards,
    The foolish and greedy me.

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  3. #2
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    Good luck wit that it's very risky to trade in the gap.
    However the market is never closed just the brokers

    The market now is trading around 1.3400 so it's going your way lets hope it keeps up when the brokers open..
    the grump


    Quote Originally Posted by William View Post
    Currently it's around 5 hours before the market open at Monday.

    I think EU will gap up at least touching around 1.3425.

    It's just a price action analysis though...
    - coz the price is closing nearly very bullish, near the top of yesterday high.
    - the candle at D1 is a little bit triple bottom.
    - the price is around 1.3380 a number which I think will break 1.34xx.
    sorry, can't really give any detailed technical analysis.

    Well, I entered long 2 lots. It's one of the privilege having an account at Oanda, that we could trade even when the market is closed

    I could be wrong though, let's just see what happens on Monday.

    Regards,
    The foolish and greedy me.

  4. #3
    Diamond Member Array William's Avatar
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    Ah, got burned. Damn.

  5. #4
    Gold Member Array loopyno's Avatar
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    why did u got burned man?
    i honestly think it is going to go higher in the next 2-3 days

    Loopyno

  6. #5
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    Overall, It's in a strong downtrend..it's near the 4hr resistance trendline and had just finished almost 200 pips retrace against the trend,
    there are much safer trades to take

    Also, if you are trading off of Daily charts...you shouldn't be out of the trade yet anyways cuz you should have a larger SL.
    It still could quite possibly go up, but may have down move first...DON"T Like how the last day candle create a new low by 60 PIPS! not a good sign of heading up
    Last edited by 4xinvestor; 04-25-2010 at 11:19 PM.

  7. #6
    Gold Member Array loopyno's Avatar
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    well it just bounced of a daily support level ... that is why i think it would go higher
    we shall see

    take care
    Loopyno
    Last edited by loopyno; 04-25-2010 at 11:19 PM.

  8. #7
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    Try to make prediction by applying Wave Principle from Elliot Wave.
    Please apologize if it will have gone wrong.




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