EURUSD

Geez, you're gettin your shot in early ticker...

The merlot is gone and I'm goin to bed.

Thanks Ak4x a lot for detail writing to my understanding .I also saw the warning on 9th & on 12th but did not understand or try read again & again to do so. Again your writing style is not with clear information having clear words & mostly missing understand the gist by reader like me , I admit.
Also I like your " uncall " practice very much , you are so systemic & will be in trading for sure .
No more thinking about a H&S , I never did ofcourse,or anything else now. Let it go wherever it wants to & we need trade within the level of own understanding ,but some good tips/suspicion may help a lot at time.Thanks ,
fontu

Just covering my ass

this upcoming week, i am gonna try BB during asian sessions.. one of the buddies here is doing well on it

Hey all,

You know, this is so wierd but also it's truly what makes a market.

Market goes quiet Friday afternoon (it never really closes).
From Friday to Saturday we all scream, "head 'n shoulders !!! Fuckin Aye !!! Look out 120 here we come!!"

Whatever.

Then from Saturday to Sunday it goes," head n' shoulders ? Bullshit ! where do you see an H&S ?"
"...That came and went a year ago, Rumplestilskin. When d'you stop taking your pills? "

If market dropped 100, we'd all go, "See ? See ? Here come's the neckline.
Get ready. Return of the D-Mark. Euro's toast..."

If market popped up 100, the board would go, "..Oh man, they fuK**ed us. Head/Shoulders was a scam..."
(probably right before it actually plunges....he he)

Again, this is what makes a market.

The best part is that this departure from the normal GAP talk from Friday to Sunday replaced with something else is,
in my opinion, a nice change. Don't get me wrong, I love a good gap on a Sunday and the chance to
talk about it ad nauseum for 48 hours before it happens (or doesn't happen).

It's just nice to see a little meat with the usual beans and rice. Is this chicken ?

It taste like chicken. WTF ?

hey folks personaly i could give a rats ass about the 4h hs.im looking at the day one. just being honest... id rather it just go in a direction. if that direction is down i dont need a shoulder... a spruce tree configuration would be better for me... i said i would check on storage capacitys to see if and when they would be full... i got good news and bad news... bad news first.. the tanks are not full of oil... the good news is the tanks on the east coast are just about full. the gulf coast is whats being filled now and they will soon be full... i have not checked oklohama yet... but as said its not oil... its finished products such as gasoline ect. there is a new refinery in india who cant sell all its fuel.. so they are now leassing all the storage availible in u.s. ..so when they lease and fill it all... oil can only drop since supply is over abundent.. plus no place to store oil.. i dont know about tankers.. last year most tankers were full with no place to go when the bottom fell out.

another point the spread on #2 copper has changed rapidly last week.. china is the main purchaser of # 2 copper.. this indicates china has cut copper orders.. i know this because i know people in key positions of both industries..to me copper is a great indicator.. as good or better then oil..

this is just things im looking at along with where we are on long term charts. reaching key resistance... and for me personaly a reason to be bearish... if or when this affects the eu is unkown.. i consider it a positive reason to hold my short.

i would be careful, something big is about to happen.. i stand by last weeks analyis. below 3831area is the first for the conservative.. 3793 area are another. i will be nimble but will not change position below monthly high.. i expect bear moves to be strong and quick and bull moves sluggish..how long will this take... i dont know... will it happen i dont know.. trust your own analyis... but strongly suggest you consider this..

Either way, I've been leaning toward the bear side w/caution ever since 140
was hit about a month ago . Selling rallies, but not really buying dips. hmmm..... 140.

We're still there.

~200 this way, a couple hundred the other way, but overall it's still where it was
when the momentum slowed and the quick and dirty up move (1400+ pips) got a rude slap.

500 pips sell off in the Euro is atleast a rude slap in my book.

But the 380 pip recovery off 138 was significant too. If one had been short, that would have been
akin to more than a slap, more like an unwelcomed poke in the ass. But I digress......

So, we sit just above 140, with two very determined groups trying to make this thing move.
(BTW: Atleast one of these groups is a Central Bank, but we won't name names.)

And remember, A strong Dollar is in the best interest of the US economy (Robert Rubin - 1995)
Another crock of shit from another time gone by.

So, I aint buying any Euros. I wish the USD didn't look like it had AIDS so the choice would be more clear.
But a crappy Dollar with AIDS and a Euro with Syphilis doesn't leave much choice.

I guess nothing more to do than wait for the doctor to tell us how long they have and trade w/caution.

Magic Johnson is short the Euro. He still thinks the H&S is valid. You go Magic !!!! You sell that Euro, Boyeeeeee !!!

still my opinion... not married to it.. ..if 3054 is reached its my first target of lower numbers..comfirmation is needed..

Yes it is doing so far , you have the confidence but how ,any details ?
thanks ,
fontu

Hi gator.

If any of your info sources on oil and copper are public would you mind sharing what those are?

Oh, it was all in jest (on my part). God, it surprised me how a few of the males got upset - what's that all about? I can't compete with you or Jade - sadly for me, way above my intellect. Funnily enough, speaking of Bemac, did you see his posts in that thread. He's still around.

So now that the head and shoulders is out the window for me, looking at my weekly chart, we could consolidate/sideways chop between the monthly 38% and 50% fibs for the summer months - that’s always good for wiping out a few accounts. Nice 400 odd pip range with the odd spike thrown in here and there.

I see the Russian Finance Minister is saying on Bloomberg that he has "Confidence in Dollar, Too Early for Alternative". That’s a change of tune from the Russian Central Bank’s deputy chairman saying the other day about switching reserves from Treasuries to IMF bonds.

Mmmm, what to do, what to do. I think I’ll give the EUR a miss for a few days and see if there are any better opportunities elsewhere.

I will also consider this, I may opt for my second alt GBRUSD, nice double top there.

http://img526.imageshack.us/img526/4709/eurusd001.gif

I disagree. A weak Dollar is in the best interest because of the huge debt.

http://www.cnbc.com/id/15840232?video=1150947305&play=1

Weekly chart shows market holding uptrend support with a weekly move up off of increasing volume. Probabilities in favour of longs.
Any breakdown off the support line expected to go to next rising support line.

The market has set up an inside hourly bar which can lead to profitable trading. Inside bar in hourly can be played off 1.4025 to the upside and 1.3991 to the downside. If this occurs in first 2 hours of asian trading I would prefer to TP within 1 hour candle.

As the market ended where it was 3 weeks ago this reflects great indecision at the current time. Breakout trading favoured as safer, and I will be doing both breakout in larger TF and reversals in smaller TF's

I won't be posting much during the coming week though I will be following the thread during the early london session.

We see the trendline broken or not but not understand .382 retracement not officially hit yet ? Can you explain please .
fontu

bro fontu ur charts looks like spaghetti bowl lolll

Yes you diagnosed clearly , just post as it is used for my own reference at times.
Now do not mistake it a chart not .
fontu

Clean up your chart bro, I cant telll what im looking at lolz

Fontu, as far as .382 retrace, I say it must be hit, if not - we are still rising in this move. I believe people have orders close to that number on standby.