EURUSD

That happened a lot faster then I thought it would.

all long positions on euro is profitted. no position held.

tp at 33 even though I still think it's coming down I'm done for the weekend.

Have a good one all.

coming down? not according to the 'experts' on here! yeah, have a great weekend sir

perrsonal opinion....possible upside potential to 550...weekly looks strong.

Who has Igor Toschchakov,s "Beat the odds in Forex Trading", they say - the best book on forex trading? Where can i find this e-book for free?
Miros

wrong thread, please delete this. Sorry

Are you folks sure you want to be short on EURUSD?

While, the weekly has given a good cause for accumulation for longs, we must note that its extremely lagging as compared to shorter terms. With prices retesting peakish areas, its very hard for me to give compromise to higher trends. I believe fundamentally we have a cause for seeing sideways markets, due to economical unstabilities, the daily has indicated that we have reached a good selling zone. Im really looking to sell a position at 500. Anyone with me?

Aye lots of support, but even that weekly pin is short term compared to the trend line it's currently hitting. I'm not in right now, but I will be watching for PA to form around that TL. I normally go by the assumption the longer term trends provide better S/R and generally prevail. Granted TL's get broken all the time, which is why I'll wait for PA. I'm in no rush, like I stated before if it does take a bounce off the down trendline it's likely to define the direction for a few days.

Right im going for the jugular here....time for trend to prove me wrong one more time! shorted at 370. pray for me. lol

Analysis for EUR/USD on 25th Jun
Weekly Trend direction:Bullish
Weekly trend reversal level: 1.3360
Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal.
Medium term: The Euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the Euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100.
Today's trade suggestion: A bullish week last week after the previous week's "spike low" from support, and now we are holding up around 1.3470 rather nicely. We need to break through tough resistance at 1.3500 early this week (786 Fibonacci resistance, previous barrier, and 10 week SMA) and then on towards 1.3550, and it's probably only a matter of time before we get a new all-time high at 1.3700. Continue to look to buy into dips this week whilst above 1.3360, with key support at the weekly low near 1.3370. Only below here changes our outlook.
Key G7 Support levels: 1.3370

*prays* for Jest

I'm a little more cautious on this pair now myself. It's been hanging out up up here a little to long for my liking. That being said I'm still not really bullish until a close above 500, so I'm still searching for my short, but giving more creditability to a bullish outlook now then before. Still waiting for a clear signal for an entry.

Edit: as if my bullish view couldn't get any worse, just checked the charts again, there a nice little pennant flag forming on the 4h.

Lol yeah, i had to take a loss for Eur the last time i went short...my take was a flawed entry. I dont see anything wrong with the current down trend, infact. Don't intend to analyse too much as well, lets see if this one gets taken out too.. lol.

ya,I would likely take a short at the price you got in at as well. You can keep a pretty small stop at that price, so the risk if wrong isn't to great.

Short @ 56

a possible pullback to 3400. after this, all the way to 3600, perhaps even 3700.

That's what I think as well ...

Nice fill on your short, Market looking slightly Negative.....I took a short at 3465 yesterday ( Monday ) was looking for 3425, so far have missed by 6 pips....Intra day play, 3451 as i write....I'd like to be on the sidelines ( flat ) before News

Good Luck all , which ever side you are on

What makes you think this is possible?

Anyone agreed?