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pramodwick
Aug 13 2014 at 06:34
41 posts
EURO/USD Latest market what will hppen??any ideaas??to go over 1.3400 should be pass 1.3372 R Level .??

pramodwick
Aug 13 2014 at 06:34
41 posts
pramodwick
Aug 13 2014 at 06:34
41 posts
peeterwoolf
Aug 13 2014 at 19:03
230 posts
Today it looks like prices are back to where they started, the rejection looks stronger than the support, but we will have to see what happen tomorrow.

Arup Nag (takechance)
Aug 13 2014 at 21:16
271 posts
takechance posted:
Going long with a small lot from this point 1.3365 with a target of 1.3412. Lets see. :)


Target 1.3412 just reached and then market sharply retraced. Booked my profit. Cheers.

No positions right now.

sherifFares
Aug 14 2014 at 06:26
454 posts
today we have a perfect doji lets see tomorrow it will decide the trend

Abdul2012
Aug 14 2014 at 13:28
413 posts
Hi,
I agree with you SherifFares, and i will wait till tomorrow .
Thanks

PERPETUUMMOBILE (PERPETUUMMOBILE)
Aug 14 2014 at 18:58
136 posts
I have described ledges before in my postings which could be traded on the weekly chart some time ago. This time, a ledge can be found on the daily chart, currently consisting of 8 bars. Many times, price consolidation ends with a doji bar.
A ledge consists of no more than 10 bars, where 2 bars have matching highs and 2 bars have matching lows. there can be a difference of up to 3 pips in the matching prices. there has to be at least one bar between the bars with the matching highs, and at least one bar between the bars with the matching lows. All criteria is currently met, and today's bar may end up being a doji bar. Ledges can break in both directions, but usually break out as a trend-continuation (down-trend). The sell-entry price would be 1 pips below the low of the matching lows, which - on my chart - is 1.3335 (- 1 pip). Short-term goal is near 1.3270, long term is near 1.3150.
The matching highs in the ledge (on my chart) are 1.3431 and 1.3432. take the higher one of the 2 prices (+ 1 pip) as a buy-stop entry in case prices break to the upside.

"a little bit of knowledge is a dangerous thing"
sherifFares
Aug 14 2014 at 18:59
454 posts
again another doji price refuse to fall under the support

PERPETUUMMOBILE (PERPETUUMMOBILE)
Aug 14 2014 at 18:59
136 posts
I also wanted to mention that a doji bar has matching open and close prices, with a MAXIMUM of 3 pips difference. Yesterday's bar on the daily chart was NOT a doji bar - at least not on my chart. Any chart faster than the 4-hour chart, the price-match has to be within 1 pip.

"a little bit of knowledge is a dangerous thing"
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