EURUSD

Exited 1.30 put for about 250 pip profit, since the option expires on the 19th might look to enter short again on the spot if it retraces to 1.27 or breaks below 1.23. The Dow is sitting right on support levels with the S&P below 800.

Like i said, I'm long from 2606......I'm shooting for 2666 and I'll bail out. I had reset my stop 1 pip from the last 15min candle. i hope thats all its got for now.

How deep is this going? any suggestion, im in the wrong place.

long ?

I need just 2 days_bears_party like today

On the Daily chart there is support on the 1.25-1.2550 region. A break of that opens things up to 1.23. And we have Resistance at the 1.27 region.

I don't think we'll see anything past 2650, 2700 at most on the upside today or for a while (perhaps the rest of the week). Too much resistance, it took so long to break back to the down side, so eager to drop, it didn't care about the huge gap it left. I think it's going to consolidate between 2600 and 2700,after that, I feel like the pressure to the downside is far to great for me think anything other than sell.

Anybody see support anytime soon??? Maybe 2500??

We where writing the same thing at the same time...nice.

Good to know I'm not alone!!!

EU need to go up to test 1.2700 level first, then EU will going down strong ...

Update to Daily chart...
http://www.forexfactory.com/showpost...ostcount=65591

Conservative side target hit on the upside. This is a 40 pip wide target zone. The full chart can be seen at the link above from last night.

My sense based mostly on subjective criteria like my hair isn't tingling as strongly right now is that we'll see the upside of that zone ((green line)) hold the price pretty well for a bit. The PA to get here thru the night has been steady but hesitant.

I do anticipate going lower, but there are a lot of things to digest, and that's a normal market reaction. This seems as good a place as any to me, but that is not a "call", and I'd be very happy to see it go even lower yet...

Very perilous waters we're in here, and the dead and dying newbies who have not and will not listen will be littering the beaches soon enough to be replaced by a fresh crop. Sadly, they may be joined by some of us not so newbies who should know better but fail to do what we've already learned the hard way is the thing to do. Just sayin...

I got my target and I'm out of any trades that I would post tfn. More to be gained by watching right here for a bit w/o the pressure of open trades posted on a board... No blood on my hands today, but the streets will be running with it.

I am looking at the 2725 - 2740 area for a retracement

I thought I was gonna be scalping this last long. I didnt expect to be in it till now. I dont know it it can stop going down until London closes.

Can you please post your chart you are trading off?

What if all this down movement was a big fakeout?

Would that not be funny?

no.

I hope thats the case, I'm moving my stop....I HATE it when I do that. It never ends well.

it doesn't need to test anything, as it's out of control
it may fall even to level 1.20 and more to take all people' money while they are byuing

The way I see it, newbie like me should master PA first before trading EU on live account.
That's why I look closely to this thread, and gained (and still gaining) knowledge from more experienced traders.
Thanks for the knowledge guys..

You guys need a sense of humor.

Anyway I think to retrace this it is going to take some stupid news.

Maybe when the stimulus get's signed today. Of course that will be after the solar tour Obama and Biden have to take here in Denver.

Then when heading home I get to deal with all the stupid traffic and a retrace. So Asia will be very interesting by tonight.

today must be one of my favorite trading days....dude im +595 pips....isnt that sweet? and i still dont see a bottom in sight...

we need to break 2565 and then my next TG will be .2500 or lower.

wont go bullish until i see a good confirmation....

169 users on this thread right now..Most pipular thread on the forum.... Yes, I said pipular....