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EURUSD

May be market follows Febi chart
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real support is at 07.. that will tell if the drop was real or just a tease.. from the fast way it came down on it, I think it was a tease.. what I see atm...right or maybe wrong.
EU H1 Harmonic view : It could be the formation of three drives to a bottom. AB=CD has classical completed pattern on 61.8% and 161.8%, the next retracement is 78.6%, to complete the classical three drives it should form the extension 127.0% right on the PRZ. My short (already BE+1) target is on the PRZ 1.314x, and looking for bullish formation right on there.
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We're here to learn from each other and make MONEY
I see porcupine is watching us.. I think I'll go now..
be nice to get an 80 pip drop between now and london
Quoting attila
I see porcupine is watching us.. I think I'll go now..
Why do you care?
Quoting Jay Walker
Why do you care?
Not really, trying to find a reason to get outta here. how's going?
Quoting attila
Not really, trying to find a reason to get outta here. how's going?
It's ordinary. Not doing much until next week to be honest. I want to start the new year with fresh trades and I'll be yanked away on business from Wednesday without much time for the screen.
careful of the falling knife

Quoting pipper
be nice to get an 80 pip drop between now and london
OK, I was wrong..no set up for me.
Quoting gatorinla
back to 3188 min are likely
st did its thing, w/o retrace. now we need -57 touched. if not bulls return.. 3082 is target still not achieved
quote the post. don't ask questions i already posted answers for.
Quoting gatorinla
be careful... bears may want 200+ pips before we close the year 2962. today we are already close to recent adr already
sos
quote the post. don't ask questions i already posted answers for.
Quoting NuNix
EU H1 Harmonic view : It could be the formation of three drives to a bottom. AB=CD has classical completed pattern on 61.8% and 161.8%, the next retracement is 78.6%, to complete the classical three drives it should form the extension 127.0% right on the PRZ. My short (already BE+1) target is on the PRZ 1.314x, and looking for bullish formation right on there.
H1 closed 5 pips above 61.8% retracement, it is a warning for bearish....
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We're here to learn from each other and make MONEY
Quoting yelena
1 more drop before going long (EU). positioning now = heavy DD. if wrong then i will lose the opportunity to enter at a good price.
Quoting attila
OK, I was wrong..no set up for me.
nah. LONG is the correct position for the fiscal cliff. this is the DD i was referring to (if one is already in a long). if correct, the big boys and girls are already positioning "at a better price." from here on, we will range but deceive people as if it is bearish... 3170 looks yummy to go long. treating fiscal cliff like NFP or interest rate. 300 pippers for EU today most likely. hello 3393 !! (today's R4).. patiently waiting. no falling knife today. more like fireworks ..... but it's just me.
"pivotal rather than logical" ^_^
Quoting yelena
nah. LONG is the correct position for the fiscal cliff. this is the DD i was referring to (if one is already in a long). if correct, the big boys and girls are already positioning "at a better price." from here on, we will range but deceive people as if it is bearish... 3170 looks yummy to go long. treating fiscal cliff like NFP or interest rate. 300 pippers for EU today most likely. hello 3393 !! (today's R4).. patiently waiting.

no falling knife today. more like fireworks ..... but it's just me.
possible... i would have liked it to not break 3200..
Quoting yelena
nah. LONG is the correct position for the fiscal cliff. this is the DD i was referring to (if one is already in a long). if correct, the big boys and girls are already positioning "at a better price." from here on, we will range but deceive people as if it is bearish... 3170 looks yummy to go long. treating fiscal cliff like NFP or interest rate. 300 pippers for EU today most likely. hello 3393 is today's R4.. patiently waiting.
Highly doubt that will happen on the last trading day of the year. The distribution has been happening for awhile. Are they waiting for a grand entrance?
Dow futures hitting lows also. euro should get another burst to the downside soon
Quoting pip_trader
Highly doubt that will happen on the last trading day of the year. The distribution has been happening for awhile. Are they waiting for a grand entrance?
I agree, in this case, you are looking at the fact most people close books today. THis is the last 24 hours of trading in 2012, and the main indices are UP! Why? Hope and free bernanke money among general rebounds, but most people will use this time, and this "limbo" in the fiscal uncertainty to take profit. Expect a down day today, if not, I"ll be very very surprised.

You'll have people jumping ship and taking profit. However, not many new positions will be coming on board yet.
Quoting lolygagv2
I agree, in this case, you are looking at the fact most people close books today. THis is the last 24 hours of trading in 2012, and the main indices are UP! Why? Hope and free bernanke money among general rebounds, but most people will use this time, and this "limbo" in the fiscal uncertainty to take profit. Expect a down day today, if not, I"ll be very very surprised.

You'll have people jumping ship and taking profit. However, not many new positions will be coming on board yet.
It is interesting because Nikkei was up, but the Chinese and Australian markets were down due to "fiscal cliff" concerns. I only assume traders are setting up longer-term positions for the new year, but the S&P is looking very bearish ( dark cloud cover on 1D, but thats subjective; objectively it is trading far beyond the 13/50/200-DEMA). I am getting a feeling of the "sell the fact" because the debt ceiling is the major concern because Congress can retro-active the tax cuts if the US does go over.

EDIT: /DX (Dollar) and 10-Y Note both trading higher.
tp before taxes go up day.
quote the post. don't ask questions i already posted answers for.
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