EURUSD

posting this to show the big picture. .. sure there will be up and downs for shorter term traders.. the chart is the euro index.. it shows how euro is doing against other major currencies overall. this is a monthy.. the last bar is red its shows most of april till it closes month out.. the bar is bearish as you can see.. also as shown its on the lower trendline in blue.. that is also near a fib 113.28 where its at now..current price 113.46 just above fib.. what this doesnt show is on last weeks chart we punched through the trend line then bounced above. at this moment we are below trendline if week closed right now trend would be broken..this trend is 6 mths old.. unless we get a bounce shorts are the safest place in town.. if you can handle the swings of hundreds of pips.. reduce position size and widdening stops is the cure for me.. just below that blue line hundreds of pips.. maybe thousands..let if make its move.. dont go broke trying to antisipate it..because there will be rejection at times..dont forget they got 3400 north (eu) and we could still be in this trend.. its wide..we could bounce many times.. scalpers paridise with proper r/r..

at the same time as above the dollar index is a little bullish today.. but not impressing me. but its almost 1/3 the way up before hitting its upper channel wall.. if it breaks out its trend.i suspect if euro breaks out its lower trend dollar will quickly follow. you may still be able to buy that new beamer at 1980 prices and 2$ shamwows..... watch your ass still a gamble..day and week still has to close below trendline.

Personally, I think they're making way too much hay about this swine flu.

I'm not worried, I had MY PIG checked out just the other day. He's fine.

....although I think he might need stronger reading glasses. Comes with age.

Nice chart

MY TP is hit. No trade untill price close below the red line.

today's pivot :
R2 : 1.3183
R1 : 1.3106
PP : 1.3052
S1 : 1.2975
S2 : 1.2921
daily : down....
.................where will she go..... patient...patient...or it's good time for scalping...hehe..closed 12 pips

yes its true but rules are rules though can be broken,that was why i gave you the price i would change my mind,see the big sharks are good at setting up traps i mean they own the game but if you know how to play then most time you are safe so be warned.

G'Day everyone,

I had been on a nice holiday up on the great barrier reef diving and relaxing. After 2 weeks not looking at FOREX I had to get back did a 14pip trade last Friday (long) and yesterday 14pip (short) just to get back into it.

Anyways just wanted to say hi and please have a look at attached chart the circles is the H&S formation and the triangle was my target which had been hit by value not by time as you can see.

The whole trade did look pretty good, but I didn't take it as I had been to tired and want to take FOREX slow after 2 weeks off.

Hope you all had good trades and everyone is well.
The CAT

UAW may end up owning 55% of a restructured Chrysler. Boy; now ain't THAT a match made in heaven - they deserve each other.

Not the ones I have with Monday's H/L/C using NY 500pm ET closing - 1.3248 / 1.2999 / 1.3035
gives

R3 1.3439
R2 1.3343
R1 1.3189
PP 1.3094
S1 1.2940
S2 1.2845
S3 1.2690

My New m30...

http://i42.tinypic.com/2exq4h3.jpg

he aint gay just happy..and luvs platic toys..

beautiful!!!!

That is hilarious

if you eat right and get plenty of rest.. one day you could be him *L*

oh and have a thing for gerbals..

Dude; you really didn't have to go there - I didn't need the visual!

sorry man could not help it. maybe this will help relief truma..
http://www.theinsider.com/videos/136..._Insider_Stage

I'm with Sun +/- one or two pips...

is that a forex chart or a light bright?

{nope; nope} - not gunna let Gator crap me out - if anybody out there want's to loose their 'edge' today - click on link above and listen to BM (Pun intended).