EURUSD

i think this possibly retrace to fib 23.6 and then going down for 61.8

Would have been a billionaire by now, if had a definition

things are getting even more interesting here. 1.3955 is indeed resistance now. While pa was accomplishing that task there was a temporary support at the 1.3935 level which now that is has been broken through should act as resistance as well. We break above both levels...lets just say a good stop loss some pips above that level is going to protect profits sellers.

To the downside...the psychological 1.3900 is currently acting as support. Buyers (i hate all of you by the way right now)...if 1.3900 is broken...that 1.3800 is on the way.

Lets see now
Sidenote...using a 5min chart at this time as we are in unchartered territory since last week

Fix me if I'm wrong but I see today our pair will be moved by a bearish thoughts where S1:1.3905, S2: 1.3810, S3: 1.3740

Yes Gator, It took me a while to achieve break-even. Just did. Four out of five accounts closed with my usual 1% profit. Now going for my risk premium with one account.

I jumped in short at 3940...looking for 3890 (ish)

wheres 3585 take it? jk

let the bears go!

i need it go down to 1.3400

I think we are in the way down to 1.3810 now....

Went short at 1.3931 (09:11), taken half position out at 1.3907, looking for a run down to 1.3826.

i'm short from 1.3940,tp is 1.3870

short short and again short. Strong signals and tp 1,3835

Took 1/3rd profit @ 1.3900. probably stupid but I gotta get some sleep.

TP at 3890

That might be enough for me today....nearly bed time!

Good trading, nice point to TP. Keep up the consistency.

think about a polyphasic or biphasic sleep system the book take a nap change your life is fantastic
most of forex traders are on it already lol

It's funny, I've been screaming short since the first time we reached 1.4050 last Friday. Now the whole forum is screaming short. Gotta go to sleep.

Thank you

Off to bed with a coffee to read 'High Probabilty Trading' which arrived yesterday.....thanks for the tip

heres an interesting thing to think about. us treasury auctions have been held pretty much every day for a long time now in significant amounts (ever since that 500pip up day which also coincides with the equities bull rally). How is this relevant...whoever is buying those treasuries at these cheap prices will want to collect profit at some point in time in the future..if not short term..long term for sure. Now when bonds are being bought in such large quantities at auction the initial reaction is to make prices as cheap as possible (aka weak dollar) so that "someone" out there buys them. However the long term expectation is for those treasuries to increase in value which also brings back the value in the dollar so those who actually bought treasuries make a profit. You say 3585?...I say 1.2000 at the very least.

This is the most logical conclusion I can come up with as the fundamental reasons behind the auctions (pretty much the massive us debt) should have pushed pa above 1.6 already...

Any rebuttal is appreciated as this is all my own personal speculation.