EURUSD

I'm bearish for today but since I had some issues for my PC today, I've only just had a look at the charts.

I'm waiting for a break downwards of this sideways movement on the 30min time frame.

this channel is beautiful, can earn on this edge all day.

How? What indicators do you use?

Looks like it's about to fall.. There's a sharp dowtrend channel starting with the high during the news last week.
He was probably talking about this 490-510 ranging.

Edit: I'd expect the drop to pause at about 475

What goes up must come down. Does it work the other way: what comes down must go up? Well, both currencies were taking a hit. Why? Anyone has a clue? Is the global market going down or are we doing something wrong?

Can someone please explain pivot points, and how they are used/ created?

Taking partial profit @ 1.5465 (Support), possible retrace from here

As always...Just my 2 Cents...

Broke channel, going to 450 now I believe.

http://www.cbot.com/cbot/pub/cont_de...+45251,00.html

I change my opinion about EU. MACD monthly will cross, maybe this month or next month. When it confirm cross, 2000 ~ 3000 pips in hand.

Thanks

I'm still bearish..

EUR/USD = short
USD/CHF= long
GBP/USD=short
USD/JPY = Long

Hmm...intresting times at the moment...

I'd also like to say thanks. I'm going to check those vids out tomorrow

I'm still very bearish E/U and G/U, but I've already closed my shorts on both to secure some profit and will look to reenter later.

On the E/U, its getting close to support at 1.5460/65 and oversold on every timeframe below the daily. On the other hand, it seems tranding has had no regard to indicators lately and based mainly on equities and oil, Dow futures are currently up around 80 points and oil is below $120; both are very bullish for the USD. Of course this could change depending on the news later today.

At S3 Pivot, after this I see nothing until 5400. Clear out to the Daily.

Oil dropped another $4 a barrel. This thing seems bottomless. After FOMC we could very well see 5300 by days end.

Word of caution...

US opens in 10 min, false break out north is a strong possibility, took partial profits @ 1.5465, looking at short re-entries after US Open & further market directions are clear..if not ranging around support at 1.5465 till news this PM

Just my 2 Cents...

Popped at 1.5465 thanks for the help.

Good morning to all, and good bye for the morning. I've got to sign off for a tee time.

I just wanted to say thanks also. I got engaged on this thread about 10 days ago, after monitoring for a month or so. There are some very experienced and helpful traders here. Some of you have made some uncanny calls (at least for my inexerienced eye). I've researched your reasons, drawn my own trend lines, kept my own trading journal, and frankly, I think (hope) I'm learning a lot. Of course, I know it can jump up and bite you in the arse at any point in time.

Thanks a lot for sharing your knowledge and insight.

Best of luck in trading today.

I love the people who post their analaysis. It's so interesting to read and makes trading so much more fun in my opinion

I also am learning so much from the experienced traders here. I hope one day I could post something useful to others like them lol But unfortunately I have long way to go