EURUSD

took a short 2208 SL 50pip

took short 2202

plz welcome now EUR 1.215 zone again..

The m15 channel upper trendline has been reached with a three black crow formation... it would appear a drop is imminent.

my daily pivot is 2213.

no there is a lot more talk then just one
they are the only one publically.

because its not a happy thought
but there has been blow back to the banks for well over 3 months to get ready.


teb

yep, in checking a couple websites, the pivot does appear to be 2213. That's strange that my indicator has a different value, usually it's in agreement with what the web pages has. Gonna have to check on that over the next few trading days to see if it's a problem. I will also try another pp indicator in the meantime. Thanks.

Check it with server time of your broker.
Offset-time can tune it.

upside target(s) for nfp .. before it drops



teb

Such a boring day. Not much action today.

I made $7.

The first thing you see when looking on the chart, is the abnormal freefall of the pair. The EUR/USD, which is considered to be the most stable currency pair, has dropped about 3,000 pips in 7 months. While this chart is of currencies, it accurately depicts the economic conditions of the Euro-Zone and the U.S. over the past 7 months. While the U.S. economy is recovering at a faster pace than expected, the Euro-Zone is suffering from an ongoing debt crisis. The outcome, as shown by the nations' currencies, is quite clear. Here are several technical indications that can be noted from the weekly chart:

1. The pair is currently trading below the lower Bollinger Band, which indicates that the momentum is still bearish.
2. The MACD continues to point down, with plenty of room left to drop further. The MACD indicates that the pair's freefall is far from reaching its end.
3. The RSI is floating in the Over-Sold section for several months now. Once the RSI will point up and exit the Over-Sold section, we should see it as an indication that the trend is reversing. Until then, the bearish trend is likely to proceed.
4. The only indicator that provides a signal for a potential correction is the Slow Stochastic, and this is no accident. The Slow-Stochastic is considered to be the leading short-term indicator, and is very useful for news publication analysis. This teaches us that the market is waiting for the actual result before declaring its reaction to the NonFarm Payrolls release. This means that if the end result will fail to reach expectations, the pair might see a bullish correction.
5. In a case that the pair will drop following the NonFarm Payrolls, the EUR/USD has potential to reach the 1.2000 level.
6. If the EUR/USD will see a bullish correction, it might go as high as the 1.2500 level.

(+) is always better than (-) patience is the key.

Lol, +5$ here, glad to know there other micro-players onboard ... I'm out for now bear showing some strength. Maybe buy later if it goes low enough or breaks the DP.

out at 2188 will look to get back in after the news...

will be dead until NFP... also trading in a tight range as we're nearing the end of the wedge...

i made +0

well - pivot point is not a beton wall - and you do not need several websites for that - even not a calculator - its just High + Low + Close divided by 3 - so what - each platform of minibrokers show various prices and ranges can differ a bit. As long as you are not with one of those bigger finance services that do have better and broader bank conections. But it does not matter at least if one lousy service has got it at 2213 and another one has got it at 2212 - its just helping for estimation for developing your strategy.



bibib

wohoo, closed my short for another 16 pips.

Am up $22 for the day.

Dont know what you guys are complaing about.

by the way SAXO trading desk suggest following strategy for today :


updated today at 6h30 GMT


sell on rallies towards 1.2225 and target 1.2165. Stops above 1.2240


in other words - somehow similar and in line with mine

Francis Bray uses a mixture from pivotal approach and last print history moves - and he argues nearly the same way



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