EURUSD

I'm gonna try to put on a small sell in here.

I'll maybe be willing to throw one more piece on somewhere between 4260 and 4280
in the case that price overshoots and the channel gets redrawn.

Stops will start out above 14300 on the first lot and above the last swing high from last month for the other.

I'd like to target 141 the figure for a partial and perhaps the Weekly PP at 14056 for the rest.

May or may not get a fill, but will not chase.

Daily R2 is at 4313 / Weekly R2 is at 4325 (NY floor pivots).
Much beyond that, the risk starts to get out of whack with
what the trade is intended to accomplish, in the time allotted.

Weekend is coming in ~36 trading hours and are best experienced flat.

It should be today or not within a few months , the bubble should burst with US home news .Most probable /sure top 1.4343 much less but likely bottom 1.4086 before any further action to next level.
fontu

If the bull can't break this area (see ellipse), the bear will take control from somewhere around 1.4270.

Alas! I see a great opportunity for shorts developing. Will wait and chase that opportunity like a silent predator and strike at right moment.

i went short 4245 TP 4200... then going long @ 4200 TP 4300...good luck

I've been keeping a 9 period RSI up this week to look for something.

Personally, I don't like indicators in general because 1) they lag, sometimes until the entire move is finished
and 2) the general public often trades with indicators and they generally lose.

But what I'm looking for is not indicator levels like OB/OS but instead patterns.

Patterns and clear cases of divergence against price action.

A Head/Shoulders on an RSI might be worth something since not everyone is looking for it there.
Most are watching the chart itself. How often do those patterns fail ?

In fact, price pattern failure is another method employed by some traders
to catch the other move - the opposite from what most were expecting.
Works often on a news event when the it starts to retrace
and get carried away and starts reversing and going waaay the other way.

Anyway, looking at RSI patterns this week and so far nothing too interesting.

I want to look at BB too. There is something about those bands that give a clue
every now and again but I haven't been able to describe it to anyone because
it's just something I notice without really "noticing" it, if that makes any sense.
So I want to watch it carefully so I can put into common language what I think
I'm looking at and see if anyone else does too.

89SMA in my W1 chart is @ 1.4281. Price resisted pretty bad at this level last week. So, technically I don't think EU can go up to 1.4300. But, who knows...anything can happen now.

This turd will flush sooner or later. How many times can it come back and get rejected before it realizes.

There is both a Daily R1 and the 1st Weekly Mid-point right in that area (4266 and 4270).

2 resistances stacked on top of each other.

So what do you think? Or guess? Bear wanted to fish so badly here?

4249 holding .. time will tell.. just in case 64 and 81 should be ok with neutral news..but any euro positive news and we move... if nothing else happens this week, next week i think we slide down.. maybe sooner with dollar possitive news.. on earnings alone we should be higher then we are.. but there is a lot of skys falling gloom.. still holding a short longer term.. and scalping.

It's worse than a frightened turtle....and I thought I was eating enough fiber.

Well I didn't want to just flat-out guess so, I asked a bear.

Remind you, he's a real bear, not one of these yogi boo-boo types
and he's even more bearish than most of the people in here selling tonite.

Go ahead Bear, speak your peace:

The E/U will go down soon after the US Unemployment and Home news.

good

wave option

are you still short from yesterday, bitrader?

Morning traders.

Re-posting yesterday's weekly MP chart. Let's get 1.4339 bulls.
Above 1.4236 bears should be breakout careful imho...


Let's see how that unfolds.

May the pips be with you.

thanx for that currency pairs explaination....GM all and happy trading

oooooh 8 /8/2 008 i never forget it