EUR/USD Longer Term Trading

Pulling 1/2 profit, leaving the rest run

Daily Pivot at 154.74, then at 155 we got the 15 Min 89. Look for resistance at these points.

I am watching the 4 Hr 89 SMA very closely, ( Upper Right corner chart ) If we get a break above this, we could have a substancial move up. If this happens you can track the wave on the 15 Min chart, ( Upper Left Corner ).

Jim

Moved my stop to 154.55, Of course it could bounce short anytime here being under these 89 SMA'a

just jump in @EC too 15893, orpend 15880 SL @15855...

That is one I posted earlier and it should do fine, post #56

yes, i read that yesterday...

A set of Tweeser bottoms just formed on EJ

I have been following the 89 smooth with the other thread.

I only watch 5 min chart. I notice, when the price action cut through the 89, it is quite safe to enter a trade on the 1st pull back.

I only watch EJ.

Just got up from my nap to see a nice bounce that occoured on the 15 Min T/F off the 89. All other T/F bearish now with 1 & 4 Hr support coming up at 153.47. Agter that I don't see much to keep it from its next heavy support at 152.00. Got to head out.

68 Pips on the gap trade long and 230 on the 89 bounce. Not bad for Sunday night. Hope some of you were with me.

Jim

Looking for a nice pullback to this DTL on the 15 and possibly go back to 153.47 Resistance I talked about earlier.

EJ just broke 4 Hr support

1st 4 hr 151.51, 151.44 & then 150.53

There is a Daily Inside Bottom at 149.31, we could possibly see this action today and thru the evening.

Guys and Gals, I am only concentrating on one pair because I don't want to be in any majors in the wrong direction when that vote is cast. Besides, this baby is the best action out there at the moment.

Jim

Pair may test m0 Mid pivot at 151.95

Guys Im tired, here is my plan for today. If it takes out S3 Pivot at 151.44 I will pull 3/4 of my load move stop to just behind M0 Mid Pivot and let her ride and hit the sack.

Jim

There ya go, I just pulled 3/4 of my lots, put a pip for pip trail at 40 Pips on with a hard stop above M0. Also got a T/P at 149.35, See ya tonight whoever is here.

H1H1, excellent work you are doing here. Thanks, Michael