EURUSD

Hi guys;
I'm new to this forum and would like to share my outlook with others here.In my op. first supp. for euro is 1.2575.if broken comes to 1.2503.

got a scalp going short at 2608 sl be+5... curious of what wedge will do. no tp atm.

This has been holding up pretty well today. Getting close to break though.

I'm looking at the 4h chart here and I see a divergence. Can anyone validate this and is this a valid signal for a short entry based on divergence?

Yes...it has negative divergence on RSI as well on 4hr chart..you can see my chart in the link below.

http://www.forexfactory.com/showthread.php?t=244485

I actually entered this trade on july 2nd at 2594 and my sl is at 27 so more of a longer term trade, however I would play another short here if I was sure that this was a correct analysis of divergence..

thanks. it's good to know i'm not seeing just what I want to see

has this one been posted recently?..other side of that red line and we go 38.2 or 50 percent minimum. this could be roughly 3100 or even 3550 before major run back down to even a new bottom. but this should be toward the end of the year tf maybe? and a lot can change in that amount of time in fx. this is also roughly 12-1500 pip or more move total which is the type of reload that i really think they go for if possible. the stress tests could be crazy fake good and that should be enough to create 500 or so pips of up move..this would put us on sure paths to the 50 percent level as it seems to have the most gravity obviously..when was the last time we had a 750 pip bounce on daily/weekly? i just keep flicking back to a monthly chart and seeing what has happened before and can't help but think that a big move up is in store heading through summer. i shorted pretty close to the touch(missed by 7 pips) so if we do head back for the 50 percent, I'll close all of it there...if I'm stopped out, i will look for a decent size tight stop short(relative to daily TF) @ 2705..from there, I'll look to build longs if stopped out for awhile

Currently in that same trade, entered at .2598. Going to see how it reacts to the PP.

Yeah, I have 2660ish as a major level (23.6fib and strong TL confluence). A break of that and next strong level is 3080ish (38.2 fib and TL confluence). I would go hard on shorts if it reaches here. Dating back to December 09 when this move down started, most of the retracements have stopped at the 38.2 level.

Seems to be some pretty good bearish divergence happening
on 1 H, 4H.
But you decide

waiting for a clear signal.........will it consolidate above or below 2600??

Here's a little period study. First check marks trend shift last week, just a bit past 50% mark time-wise. Middle two checks represent average of range of first 6 four hour bars, and second 6 four arrow bars this week. If you draw a line straight through them they hit projected top right shoulder of H&S at 2600 give or take a few, at exactly 1 week past last weeks trend shift, in a few hours, 4AM ET. We'll see...

intresting chart and i have checked your thread. any out of box thinking is quite refreshing .

RIP Zapata George

http://www.zapatageorge.com/

Thanks friend, that may be all I'm capable of...too bad its not more profitable so far...

good morning from munich

forex.com says will find support @ 1.2560
Maybe someone should buy there.

Shocked! Sad news man.

Last email (No Bull Report) I got from him was the 1st week of November. Must've been sick for awhile. Sad.

I was subscribing to his newsletter too. I was thinking about him last week which in hindsight is really spooky (and not my first experience either thinking of someone I haven't heard about in a while learning of their death shortly after)...

I will miss him.