EURUSD

wauu 50 pips retracement. heheh.. down eu down.

taken out SL 1.4610

Short again @ 1.4615

" i want to believe "

i am scalping long for 25 pips before going short again.i hope i wont get burnt.

Market Comments
While USD-longs are back firmly in a dominating role in the FX theater, broad equity losses are pushing for a curious environment where unwinding carries such as EURJPY are accompanied by weaker gold and every stronger USD, even in places like USDJPY. On the equity front, the American stocks have dropped by largest amount in a month as eroding confidence in the financials is exasperated by Credit Suisse’s evaluation that AIG’s mortgage writedown related losses for Q3 may run up to a staggering $2.41B.
Today’s US economic calendar is rich with housing and consumer confidence related releases, with median surveyed expectations for July New Home Sales pointing to a near 1% monthly drop in the purchases of new houses or to annual rate of 525K houses. March figure of 513K this year has so far marked the lowest level since 1991. Should a tragic drop in housing figures indeed materialize, a steady profit taking could be expected in dollar-longs.
Re-visiting the bigger picture in EURUSD, however, we have already set our eyes at the final retracement level of the last great up-wawe, or 1.4440 area to be exact. Break and a weekly close below this level is set to take us straight towards the 1.4365-1.4310 zone.
http://mitsweb.iitech.dk/live/dc/ana...7-04c8652acdb1


Note: the support/resistance levels used in the matrix’s of this document are levels derived from yesterday high, low and close. Reference in the text to other support/resistance levels will occur.

ease up on the shorts dude lol, i just closed all mine, resistance @645 then again at 670

i also lost some just now. SL short wipe out again n again.

Case Schiller Report Is Out and EUR/USD is Up after IFO was Bad and overdone...

EUR/USD Bid 1.4631

too late..

i met the "pipping smoking man"

and he shorted me @ 1.4623

5:00pm USD S&P/CS Composite-20 HPI y/y -15.9% -16.2% -15.8%> positive though not than previous yet than forecaste.
++
perhaps short now ,watching
Market action UP though , waiting for calm down

I longed at 1.4575. Just closed for a quick 50 pips.

you are the man.. i never had such luck!

short again

Oil is a bubble that's on the way down.

ok i sense that my bros here are going to give me a dressing down again .. on my trigger fingers ..

Watching this now on MT mobile and trying to plot a fib; could retrace up to 1.4753, if I got it right; wait for the news at 10.00 before entering new trade.

Gold also little down , perhaps short again soon

Not thinking it will bounce off that broken neckline support/retest as resistance? Just interested in your insight

oh man.. lucky me.. i exited with no lose for my ill placed short.. i think 1.4630 or higher will be better.....

It can't go up sharply at this stage , more important US news to come together within 1 hr .

chances are heavy fall immediately & then start retracement within short time even if US news too positive , and though at this day end will be more risky to short yet with limited retracement before last US news of
FOMC Meeting Minutes
.
Watching for shorts only.No trades open now ,so no lust for big pips anymore.
fontu

Shall we have a poll??

A) after 1000news, Sharp UP, slowly down
B) Sharp DOWN, slowly up
C) down all the way
D) up all the way