EURUSD

EUR/USD
Buy at 1.4120 limit at 1.4180 stop at 1.4070
Resistance/Support
1.4136/1.4198/1.4261/1.4300/1.4340
1.4063/1.4005/1.3960/1.3876/1.3820/1.3740
USDCHF
Sell at 1.0870 limit at 1.0800 stop at 1.0930
Resistance/Support
1.0933/1.0953/1.1020/1.1120
1.0841/1.0816/1.0795/1.0747/1.0726
USD/JPY
Buy at 95.20 limit at 95.80 stop at 94.70
Resistance/Support
95.60/95.88/96.50/97.15/98.90
95.60/94.80/94.00/93.00/91.71
GBP/USD
Buy at 1.6530 limit at 1.6650 stop at 1.6470
Resistance/Support
R:1.6548/1.6582/1.6650/1.6740
S1.6454/1.6337/1.6300//1.6270

U.S. consumer remains weak
Low inflation reached EUR (hope so)

The Bureau of Economic Analysis, there since 1947, quarterly GDP statistics, and never previously reported four negative quarters in a row. With the Q2 GDP data, the U.S. economy for the first time ever in four consecutive quarters of shrinking

and and....

long @4105
1st target 4135
2nd target 4160
and then 4195

may the force be with us

Dear Forex Queen

there is shooting star on H1 see the chart plz.

any idea?

Who just blew up the U/J?

Out at +5 cos my hat got blown away.

the same with e/j as well

For whatever it's worth, I just got this from forexlive.com:

China also seen selling EUR/USD

Written by Gerry Davies
July 31, 2009 at 07:25 GMT

Sources are reporting that China also stepped into the market selling EUR/USD around the highs. We’re presently back at 1.4105.




http://www.gravatar.com/avatar/c336b...6%3Fs%3D50&r=R
EUR/USD slips back as Russia steps into market

Written by Gerry Davies
July 31, 2009 at 07:10 GMT

EUR/USD has slipped back to 1.4115 at writing. Sources report Russia stepped into the market selling up at 1.4145. There is also talk of sell orders lined up at 1.4150/60.
European stocks are trading lower, which will be weighing on EUR/USD a little.

41007 being defended on M1

we will pass this one as well

major and minor both trends are down...no reason to go long

news?

My system is holding up so far. It shows failure at 4145 coincides with the perimeter of two major zones of sell pressure, one on the 4hr, and the other on the Daily, which coincide. That perimeter of SP is getting lower as time goes on. Right now it should be at about 4120. It will keep pushing price down until it drops below 4000.

**Experimental System-trade at your own risk.

A relatively quiet day once again for fundamental news on the economic calendar today, with no major news stories in Europe and only one 'red flag' item in the US, namely the Advance GDP data. So starting in Europe this morning we have the CPI Flash Estimate which is forecast at -0.4% against a previous of -0.1%. If this forecast is correct then this indicates the inflation in Europe is slipping further into negative territory, which will no doubt help to convince the markets that the ECB will leave interest rates at record lows for some time yet as it bids to boost confidence in a badly hit economy. At the same time as this release we also have the Italian Preliminary CPI numbers which are forecast at 0.1% along with the Unemployment Rate for Europe which is forecast to worsen from last time to 9.7% from 9.5%.

The main fundamental news item of the day is of course the Advance GDP figure in the US, which is forecast to come in at -1.3%, against a previous of -5.5%. Whist this would normally be seen as bad news, it has to be seen in the broader context of the last two quarters where the economy shrank by 6.3% in the fourth quarter and 5.5% in the first, which caused the markets and many economists to worry about the possibility of a depression. So in the context of the last few months this figure ( if achieved ) may actually be seen as good news. The week rounds off with the Chicago PMI data, a diffusion index based on a survey of Purchasing Managers in the Chicago area, with the forecast for this afternoon at 42.1, up from last time at 39.9.

http://tbn0.google.com/images?q=tbn:...s/h0/h2023.jpg

Weekly pivot S1 hold and we are back over 1,4100 again..... depending on news of course, but we might see price moving towards weekly pivot at 1,4192.

Don't trade off it but M1 is good to watch in both low and high liquidity situations to see which rules are obeyed and when

Some nice shorts, some losses, overall up, long from 40965 (915 SL) for an "after work" scalp but might just see where it goes after seeing the accumulation happening on M1. Shorts are getting eaten Could be a bunch of things, including low liquidity. Ride the storm

I could try to describe, just watch. If your broker has replay functionality replay the last 30 mins.

so far im up 400 pips on the week its looking good

Good for you. What was your trade opening level?

planning a long trg 43 daytrade. shorters here? why?

Guys lets just assume all the bears are right and big selling is on the table...

Big sellers not going to let the market avalanche like before and wipe out their positions before they can offload....

Watch M1 very clear, market dribbles up to where they want to hit the floor again.