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Permalink Reply by talisman on May 17, 2012 at 12:43am

hi-there was some very smart guys a while ago with some very good info on wave counting on a blog here.  they did convince me it is possible to wave count with some success,  but its definitely not for me.  personally i would suggest simpler approaches to chart analysis.  time will tell where the price will go for sure but if i was a betting man i would look for a pullback and enter short.  this trend is really only on its first leg down and most of the time it will go down for two legs at least before changing directions. my thoughts, good luck.

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Permalink Reply by Dipak Patil on July 1, 2012 at 4:54pm

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Permalink Reply by Lisa on July 1, 2012 at 5:25pm

*Some* have suggested a re-test of 1.30688 (around / about) ...

which hasn’t been seen since the 1st part of May.

I’m still position short this pair until the 8 EMA crosses the 20, ...

but I’ve also *offset* that trade with a BUY on Friday ...

This is where when every subsequent Golden Cross † ...

on each higher timeframe presents itself, ...

one could add to or “Pyramid” into the trade ...

Good Trading this week …

seems we have a few holidays this coming week …

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