EURUSD

closed out some shorts, scaled out of others and set +10 SL on the rest. what a night... gobs of pips and no losers. sellin rallies or stayin out. period. simple. g'nite

Good morning !!

is it going to form Shampoo on the 30min tf , so we shall wait for good short entry ? Any suggestions ?

Good morning Driver55. Where do you live in Italy?

For those of you just checking in, it's been a slow Euro session. Trying to start intra-day downtrend. In fact, we've got 6 red candles on the M30. Presently working what I call the "Acumen Rule"; hits the xx20 psych, bounces back somewhere between there and xx50, before continuing to the xx00 psych. In this case, we've been to 2553 on that bounce. Now let's go get 2500.

Good trading to all today. My charts all say cautiously down, but it could get into high gear for 100+ pips.

South Italy .. in Bari

I see, almost in the heel.

Guys, Here is a shot of the Daily and the 4 Hr T/F's. I am waiting patiently for the Magenta line to break as you can planely see the significance. If it is broken and it holds, the green line is my overall target. So far this has proven to be heavy support level.

Jim

Boy that felt good. now M2 at 1.2514 and next mid level support at 1.2474 then downhill to 1.2320. If it breaks that, look out. maybe even 1.1630

BBC news has just had on a report where thy have confirmed:

1. UK unemployment up 10% to 1.82 million, up 140,000 - 11 year high. Very much expected to be 2 million by Christmas.

2. That the BOE is expected to cut interest rates again on the 4th December in the next interest meeting. City analysts expects a 1% cut!

Further weakening Europe and upping the $.

good call last night. i did scalp 10 then went to bed. never hit my entries. im still not convinced to board this southbound train this early but not saying i wont. but oil has not moved much either. i am gonna look for a entry above 600

*thinking out loud* lets c.. bad economy outlook in july domestic wise. only bright spot was exports. hmmm stronger dollar exports slowing. now other countries economiies slowing to almost a hault. commodities prices easing strenthing dollar more. and U.S. exports slowing. next thing you know toyota sales will go down 40%. oops that all already happend. damn if people cant pay their creditcard bill we might be in trouble. stick a fork in japan shes done...next thing your gonna tell me is GM & Ford would go bankrupt. Guys this sounds like the optimal time to open a bar and invest in gun powder. history always repeats. bad economy makes it easy for some nutjob to rule a small country.. and start a fire and so on.

oil imports are easing europes trade inbalance. might want to open 2 bars.

Elliots waves...dude don't do it.

wonder how come EURO has a hugh rebound for last hour...

Not holdin any pos ..thou
Sonic

Range bound...no meaning to the madness.

it ain't normal..buddy..
with such momentum...n during a euro hour...

Sonic

15min Symmetric channel.
Acumen rule this time didn't rule!

About Breaks, Look to my face!

Good godman, I need to squint to see your candles!

Must be time 4 me

Good morning. You're right, but... Price went to 2587, pulled back to 2565 and then proceeded to pass 2600. Now at 2607.

Good trading my friend.

We did just go up 100 PIPs, unexpectedly (by me), but that looks like a bear flag on H4. It came within 1 PIP of taking out my short back at 2505. Patience in a ranging market?