EURUSD

so planning to go long or short ?????

Here is my trade on Eur/Usd

Target levels:

T1 = 1.2276

T2 = 1.2237

T3 = 1.2175

T4 = 1.2074

To confirm the zig-zag down is has to drop below 1.2254 and remain below 1.2354 before that drop.

Trade @ 1.2329

Already short....half off the table at 2300, now free trade south.....

http://cdn.forexfactory.com/images/attach/png.gif

2010-06-16_18h52_ EURUSD _ 015min _ (Signals + Channel x-Days + TEMA).PNG (51.2 KB)


Nothing left to say about

Can be seen at 1.2283/75 again .should be utmost care at this level.
fontu

1. Nuthin...



2. Great... got that and then some it seems, altho I was not in the trade down to the M2/xx50psych level, it doesn't surprise me either given the dump on the 1hr that first tapped the DP. Particulary pleased to the 2354 Split pivot work almost to the pip with the xx50 psych level, a tuff combo.

When price later failed to failed to break back above the xx00/2305 QP, the return to the DP was almost a given, and the lower TF PA was clearly pointing to at least M2 unless one was blind.... in other words, CLASSIC pivot action that I love to trade... and look for. When I'm awake...



Currently in a quickie short from the 2nd tap of the 5m High 2335 with half off at the xx00 figure, trailer set and TP at the DP. And I gotta take off for awhile.

I've got other irons in the fire right now and that's cutting into my late night trading. What I loved about being in Maui those 3 weeks was the 9pm FoLo...

The kids said they'll throw a cot on the porch for me and mrs ak if we want to come back... i think she's already packing. Actually I'm not sure if she ever UNpacked.

3. You sure about them swing Longs from this level???

Can't say I'm Bearish but #1130. One can even call this Bull run ''a healthy Bear retracement''.

PV, i get this fuzzy warm feeling when i realize we're on the same side of the same trades...

Buy EU @ 2305 ----> target @ 2340.

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-06-16_Forex Focus.pdf (8.7 KB)


Forex Focus : All Eyes On Swiss National Bank


By Katie Martin
A DOW JONES NEWSWIRES COLUMN


Lesenswert wie ich finden muss :

Hi all,
Look like H&S pattern in the making in TF5m. I'm out until setup completed

Right back at you AK. But, let's not gross out the board with a bromance.

Closed one short, but waiting to reload if this thing bounces back to 2325/30 area

Interesting post on the Swissie mercy seat; I had no idea they were buying so much...

We're bouncing at gators TL on dixy..looking better and better for shorts.

Interesting divergence on the 30m chart

possible price back near 1.2328 ,validation at 1.2298 , target 98-42=1.2256 , good observation .
fontu

An H&S pattern maybe, or possibly-an invader?!?

I'm eyeing possible completion as a baby H&S on the 5M. Weak upward momo = bulls saying rut-roh.

I need it to touch 1.2346 so I can close a long position there,
It's been messing with me all night

Rumors began to circulate so the possibility of European funding for Spain. After Athens, Madrid could ask the EU and the IMF to activate a portion of their exceptional emergency plan to help countries in the eurozone budgetary difficulties.

According to the Spanish business newspaper El Economista published on Wednesday, 200 to 250 billion euros in loans would be provided as well. Brussels has disproved this hypothesis.

But the press has given a coat: the German weekly Die Zeit published Thursday said that the ECB president, Jean-Claude Trichet has called the 27 a firm commitment to help Spain.

From a French article, translated with google translate