EURUSD

Good luck to you too....lets see what Asia does when it opens in about 60 minutes

i changed my TP one more time now my TP is 4884.. reason? possible double top.. a risk of winning those 13 pips is too high :-) and now seriously good night

You must be able to read minds.....I was just looking at exactly the same thing!!!

CYA

I closed my previous longs of .4835 and .4871 @ .4890 late last night.

Just went long again for the short term @ .4818 target around .4950 hopefully.

Would like to get some shorts going at some point preferably near 1.50

cheers.

Sold @ 1.4832, quick profit with a bigger lot.

Re-entered with a smaller lot: LONG @ 1.4834 / TP @ 1.4935 / SL @ 1.4678

Goodnight everybody!

ASX still bulling...



http://www.djnewsplus.com/ge/al?rnd=...RgUS1Nzg%3D%3D
2 days link...

Nice

Great to have this sorted. good luck and many pips to you sir

Looks like gold is going to have a shot at closing the 'gap' too.....

yea, bernanke is a good talker

anyone here know of a good ea or automated trading system?

http://www.mql4.com/

Thank you.

Nah, they already pay me as one of their lobbyists...so no complaints there.

There was mention of a h&s on the 5min..I personally do not see it. Because of the choppiness of recent weeks, it is hard to see anything clearly on the Eur/Usd. At these times, the line chart is the best (this is daily) as it clearly shows where PA "bounced" off strong S/R levels. The white lines represent the current Support and resistance of the range while the darker colors represent potential targets once range is broken. Still, no clear entries are set up unless 1.5xxx gets reached again or 1.4710ish.



So yeah..since I'm in doubt..this is where Eur/Jpy comes back into play for me. The picture is much clearer. First off, Bernanke's speech could not take pa lower. Instead what we have seen since his speech is iceberg orders within the same downtrend since this week's market open. We are still consolidating around a heavy s/r level so momentum to the downside should have stopped temporarily. The path of least resistance should be back towards the upper wall of this downtrend and while we are there, might as well break up and retest the uptrend broken yesterday and make a double top in the process.



Btw...my analysis says Eur/Jpy up which in turn implies Eur/Usd should continue down to 1.47xx or so. The only unknown variable is the Usd/Jpy which at this point in time could still go either way. Regardless I am commited to a trade on Eur/Jpy which rightly has a 100pip SL and 100-200TP.

Good pippin all...

The possible h&s has become a bit cloudy now and it is no longer valid....if it ever was. Personally I don't pay those formations too much mind, moreso on such a small timeframe. Never-the-less, it was something that was worth watching in an otherwise uneventful morning.

going down why? nikkei not so bad...

usd/jpy not so bad....

any bad news?

Many trader here knows about this guy Cisco Arias. He was the euro dollar god HAHAHAHA what a scam artist!!!!!

http://www.nashvillepost.com/news/20...ldier_of_forex

Here are 4 reasons I can think of

1) December, the holidays, big guys are not present. Note that since the market opened this week there was one full bodied candle only, that big red around 16 hours ago. All the larger bullish candles had long spikes meaning there was no strength behind them.

2)Three white soldiers before the current hourly candle.

3)Open of Asian session which usually brings a bit of volatility around this time

4)Path of least resistance at this time is...well you figure it out. Id pay close attention to the close of this hourly candle if I was you. The way the next candle opens will confirm the trend until European session..

thank you

now I think trend is obvious til 8 am maybe I can go to sleep...

20 hours without sleeping :/

5 minutes ago I had my heart in my throat.... margin call...1,4800 death point I started to worry when it went down :/

ps: asia usually have bought euro... that's why it's wierd for me that it was going down