EURUSD

Yea, I can see that, but I also see a breakout of reverse H&S that has already happened...Now its Low volume trading until Tokyo.

Well Tokyo Drift I like.

u guys longed already ?

yeap. Target: 1.2600

I might consider it very soon, thou I dont like entering before Tokyo

my SL hit.

it may go double top or do everything it likes.
trading is over for me for this week.
as i stay bearisch, i wish i had a bigger account, so i would move my stop above this daily high, but that's just me.

see you all next week and good luck to you all.

Yo driver whats up friend, where have you been?

1.26xx good sell position Next Week

It already took my SL at 1.2505 ... Now I'm going long at 1.2506 and hope that it will attempt to test today's high ...

thanks.. waiting to see how high we go..

2600 ?

must be. i think we will not see 27XX, so...
if this bullish run stays for a while, i think 2635/80 will be the top.
not longing to it though

stop..stop..stop .. "intervention" .. the intervention on the 15m charts is actually shorts taking profit due to fear of intervention.. All of the northward action today in EUR/USD and AUD/USD is from traders taking profit. However, the fact is that shorts have been re-established by traders as well..

relax.. the SNB will intervene, they just did, we know this, and they make absolutely no secret about it. Also, the Japanese govt. in ninja below 85. That scary feeling you have as to the previously painfully obvious direction is the point of the threats.

The market is short in the extreme... record extremes.. Let the profit-taking happen and get your shorts in again. Pick the proper pullback resistance and you'll be positioned long term with minimal risk to your margin.

The SNB and BOJ intervening is a display of ultimate strength in confidence in their currency. They can print money at will to pay for it.. it's nothing, their currency is amazingly strong! However, the ECB or RBA intervening would CRUSH the economies of their respective countries in the medium term.. The ECB might be able to get away with it temporarily, but the Australians are far too small to even dare to spit in the face of the world market. We decide, not central banks, what a currency is worth. Should the Australians pull a fast one, the market would smell blood and all of the gold in Australia couldn't stop us.

We believe that the JPY and CHF are strong currencies, and we respect them by not attempting to destroy the value of their currencies, however the EUR and AUD are prime targets. I don't have a good angle on GBP because of recent political unsureness.

I love the USD, the JPY and the CHF.. Yes, the CHF.. when the time comes for the world to run to CHF the SNB can only watch. Switzerland is an impressive country, but it is tiny and as I've said before, we decide the value of a currency.

Every other currency I am supremely bearish on. Let the trade come to you.. Let risk pop and then murder it.. it's coming. Why? Because the financial world is beginning to believe that the economy is turning for the worse. This mood in turn will migrate to your parents, your friends etc. and then the economy actually will be worse. When things "don't look good" to the layperson it is time to formulate a strategy to capitalize on their fears. I'm sorry, it might sound harsh, but Capitalism is what it is.

good luck with that. fib 50 (2525) seems te be broken on the M15.

I closed my longs because I got all my lost pips and some more back ... today's trading day felt like I'm in a casino gambling ... calling it quits while I'm ahead so I can trade another day ...

it seems the fibo retracement levels from the last peak of 3093 on 5/10 are showing us when the minor bull reversal will pause .... and maybe the bear continue? Or maybe we're in for the 50% level at 2622?

Maybe They have finally tiped their hand.

Tomorrow will focus most news on Eur and Gbp pairs. Will be interesting to see, will Eur continue to dominate commodity pairs or will the commodities hold against the Eur.

Will get some sleep tonight, do not want to miss any of that action. I haven't made money like this in years. Easy money.