EURUSD

not sure if we are done with the bounce just yet

thanks..

Hmm - gold nothing super special there - but Pound Sterling dropped below daily SUP 3 within very short time. Technical picture darkened there pretty sharp

Fuck, it just keeps going down, I can't find an entry point...

My limit short on 12350 feels so dumb right now, there must be so many limits around that area I don't think it will go back there for some time...

My projection showed we hit bottom at 3am then drift sideways for an hour or 2. Then back up.

3am EST?

Hope you are right! Damn, I need to get that iPhone app that alerts me on PA finished, I am going to be sleeping and I won't see the action

Am I too late? Something tells me there will be a retrace back up close to 1.235ish tonight, so I think I missed the boat. booo

Neither am I, and I don't expect it to work out. It's still a no brainer for me though.

I've been selling this thing like crazy, in need of some bulls to get better entries.

Good work! Looks like a lot of $ coming your way

It's a big drop , i think it will continues when Euro market open ....

I see no bulls on sight. But you look like you're already setup.

Gold is going higher since this picture.

See the H&S people? 8799 is the neckline:

Little OT, but looks like some smart people hang around here, so I'm going to ask.

I would like to know what are YOU thinking about markets, specially FX market now.

Personally I'm afraid panic is back in the global system. Looking stock market (and oil), indices makes me think about 2008, although situation now is even more complicated.

For FX it would mean people with big money, big fear and big losses are preparing for the worst by getting back to a FX positions to cover possible damages in other markets?
At the moment damages are related to Greek (and Europe) but it won't stop with Greek (PIIGS) and Europe, so probably fiat money and currency ain't the thing you consider investment.
So, IF we have a crash soon, I don't think currency (fiat money) is something you wan't to keep, even if it's USD or JPY, they will get hit too, currency will lose ground to ... ? Where would money go? OK, there are always metals but what else?

(That crash in the air and something cooking has been making me looking ONLY shorting EU, GU, EJ, GJ since The Dow Day we had lately.)

Thanks, it sure pays to ride the SouthboundXpress!

[quote=gatorinla;3719719
target is 2156.. still don't have older charts.. those would be more accurate.[/quote]
hmmmm.. may just be a bump..

Short Squeeze time.

Daily Target is reached.