EURUSD

*L* the real money is coming soon..

we have a squigly worm pattern on the 5 minute chart.

tick tock...

putting in short orders at 1.2905 (50% retracement from April high to May low). Will buy Euro on dips up to that point. Bracing for a choppy next week or two. Otherwise, I'm out and happy to only be down 15 pips today.

I am looking for a swing high on 15 min chart to produce retracement confirmation.

Market is back to last week Friday's pip point.

USDx dropping hard. Everybody likes EUR now..

What a F*CKING MESS, everything Upside down..

Ok... we have reversed head and shoulders on H4... but it's about 270pips range from neck, which is exactly where strong down trendline will come into play and now we have a question:

What's stronger... DOWN trendline with mass of shorters or reversed H&S with ECB??

My opinion we will have a false breakout with a big gap up on wednesday and then a slaughter down

Here my chart - notice 50% fib retracement and trendlines

hunting begins now?

*L* mouse trap..... wait for the move.. wtf

inverted hammer on 15 tf

Short at 2583....TP at 2563...

Let's get some pips!!

in=i

Damn, should have known that the intervention would continue after that movement up yesterday. Silly me, thought it was over..

The US Index is back in the channel that been going on form 22 December 2009

EU used to drop with stock indexes, but not anymore.
Where's this correlation gone ?

this has mojo to move up some more - my daily -



Stoch is finally moving up from the bottom; blue MA is 21 day - looks like PA may touch and then decide - might not be 'till next week - might be sooner....... currently my 21ma is 1.2714. Should be lower by time of touch -

Seer

huh? Have to speak in lamens term...

a snapshot into my mind



Stop loss is 100pips in this volatile market. Take profit is discretionary but upwards of 100pips...with a potential for 300. Time of completion for trade? Before market close for the weekend. Last trade for the week in this volatile market which if faced with a loss would take away my "extra" money that I made for the week. In a way it is a bit like poker where your not willing to go below a certain stack size so if you are close to it you play conservatively...if you are well above that minimum value..you play by taking on a bit more risk, feeling confident. I am quite confident right now so this trade alone will prove whether I'm delusional which leads to revenge trading or if I am correct and my perception of the markets wins once again.


Sidenote- this is the EUR/JPY ...I trade it just as much as the Eur/Usd because it is a faster pace of the same thing that's happening on the Eur/Usd. Additionally.....when the 2 pairs move in the same direction ...that is a trend. On any timeframe. When the 2 pairs move opposite but not really....PA is just slow...it is a ranging market.

since when you're a bear?

upside down indeed...

take care