EURUSD

Thanks for posting that, it's very interesting and I can't argue with what was said. Whether we are at or near a short to medium term bottom, we shall see, but the authors thinking seems pretty logical.

fyi if needed the author is:

Stephen Leeb, Ph.D.
Investment advisor / Editor
The Complete Investor

Thanks

Ph.D..?!? Fuck that shit! Allz you need is brass ballz!

But without the Phd, how will you know whether they are brass or bronze???

Anyone seeing buy today?

good morning all,

had a good but boring Monday took 57pips short out of €$, which was good but took all day and patience was the key. Honestly this trade was soo boring first I had to wait 1/2 a day for the entry then 5hrs till the exit came. Did so much other stuff apart from trading. Any way tried something new yesterday to hold a position for a little longer then my usual 10-20pips.

I am bullish today I know I kow the main trend is down, but I saw yesterday on German TV a show how fucked the € is and in my experience when the TV shows get stuff done its already to late and one can go the other way.Will take a long above the pivot and short 2313 area if broken, thats another thing there is a lot of stuff to the downside 2313 last low,2300psych number 2280 S1and channel tl. So today when short more of a scalp and if long then more of a longer term trade(5hr+) and target 2448 or above 2400.

I hope I dont go crazy today as they are digging into the stone surface a few houses up the road from my house and I am sure my desk is going to be under constant movement, sort of best trading conditions hahahhaha.

Good trading everyone and green pips,
TCat

MNI EURO-DOLLAR TECHS: Downside Risks Persist
RES 4: $1.2970 21-day moving average
RES 3: $1.2950 High 7 May
RES 2: $1.2515 Low 6 May
RES 1: $1.2455 5-day moving average
CURRENT LEVEL: $1.2340
SUP 1: $1.2234 Low 17 May
SUP 2: $1.2200/10 Bollinger band, Falling support line from 22 Dec
SUP 3: $1.2135 50% of post-launch range
SUP 4: $1.2000 Psychological level
COMMENTARY: Euro continues to trade with a heavy tone as it slides
through the 2008 lows, Bears will want to focus on $1.2135, which is 50%
of the range seen during the euro's lifetime. Initial resistance is from
the 5-DMA/low at $1.2455/1.2515.

Provided by: Market News International

Morning to all . last night shorts many tp set at last at different places & still on few.

In m30 price get the support at 1.2329 may not hold & not seems so strong . even that price may bounce up & subject to early failure may be my next level to test 1.2456.but if it allow down to more better support area like medium strong 1.2281 to best now 1.2254 it can go further up towards upper quadrant of the ranges towards 1.2508.still expecting behave as normal fall to my target 1,2254 & bounce .



Daily & weekly level they need more consolidation / longs but as bear strong should end as sideways through a range 1.2508 t0 1.2123 for minimum 10 more days and 11 more weeks if not any very powerfull rally /setup changes the whole thing , impossible but for it also need 9 more weeks and 9 more days to start .
so far centre of the movement can be 1.2329 & but may shift down to 1.22 & 1.24 by time .

so whatever we take short or long should green if can tolerate sl & so a little carefull in taking trades we can cash every trade .

Just my idea & so trying to avoid overtrade or unneccessary drawdown. Only good entry to sort out .

thanks,
fontu

i got 4 touches on the L tL.. it usually takes 3 to 4 touches to break one. so be on your toes

the wedge might break for good

there was multiple supports there... damn ass chart.

fontu, first hello. second, I know there's a camel somewhere in that chart there!

ask me at 4133

maybe we will break it on the next try

No clue what's going on here...so much clutter and r/s zones.

Seems to be going back into the channel.

Almost worth trying a long to 1.2410

Half the way

It's going to do the usual try and trick everyone into thinking it's going one way then wham!

Dear friends,

I'm putting my SL at 1.2400 and aiming TP 1.2260

Do you think that I'm correct

I didn't make not one pip last 24 hours after a rocking start Sunday afternoon