EURUSD

when do you think you will get your target???!!!

Oh I agree there's tons of poor economic fundamentals. The markets are just ignoring them though and focusing on corporate profits for the time being. And until we get new signs and new data to turn us back towards reality we just have to go with this bull euro trend

If we get up to 1.38 and head back down we could start forming the right shoulder of a head and shoulders.

50% on any tf is a bitch. we passed the all time one a few months back. a place for indecision. i waited this long. so waiting to c if it crosses 3055ish wont be a problem. im shorting on this side of it. ill long on the other. my back is to the wall. if im gonna long on this side it will be at a pp.

38% fib should not be a pushover. we have yet to touch it.

anybody remember me?

told ya all to go long 3 weeks ago

Yes, and even I'm quite new, did help your last spiritual retirement?

same holds true hold watch the 1.3400 1.3500 level thats true resistance if it breaks skys the limit.

patience grasshopper

I'm also short @1.2996 with target 1.2975.
Ha..ha just scalp on this. but divergence quite sharp.
PA shows many choopy moves past view weeks.

a few here must be worried now that u r back and r prediction? damn accurate

you have nothing to fear but fear itself

Yeah.. like 300 times all in the same night. Start that crap again and you can have another month off. Here's hopin' you learned some manners this time a'rd. Your choice, but if not...

you have to keep in mind that these trends take huge amounts of time to develop easy to anticipate most traders have itchy trigger fingers discipline and patience will get you much farther in this game

In reference to 1.38. My First target is 1.32 to 1.33 at which point I will re-assess the trading environment for new targets. I dont believe things should be set in stone when you are trading as things change every day. I am saying that when an object is set in motion it continues on its path until a compelling force alters the direction. With the fundamentals and signs that we are seeing we are not seeing that. A huge majority of corporate earnings continue to easily and largely beat expecations and that's what the markets are focusing on for the time being. The Market is all about price valuations. Because such a large number of companies profits are beating expectations the market is rallying based on the new information because it was oversold. The market is always looking into the future and although things are bleak, it had priced in a much murkier outlook than we are seeing

Same thing with the EURO. Like when I called 1.30 when prices were at 1.25 on July 2nd. The market was presented with new information that the EUROZONE banks were not as troubled as the market had priced or anticipated. This happened at about 1.19 and was the turning of the tide. There was a re-asset allocation and institutions and investors considered that they were too overly bearish the currency and we have seen a re-valuation of the EURO. We have also had, these silly stress tests, and Trichets words to help restore confidence in the EURO.

Conclusion we haven't seen any new information such as bank default, more sovereign debt worries, etc., or anything market moving to cause the market to rethink its market valuation prediction of the eur/usd and therefore we are set to stay in motion. However, I'm sure something bad will come out of EUROPE soon to re-continue the trend lower. But until we see the signs, both technical and fundamental, best to go with the trend.

i did this is my last post tonight i have said my two pips happy trading

Here is my 2 cents,

*Expecting oil to drop next couple of days
*SP500 is the one I am going to observe today... will 1100 break or are we getting a double top formation on? i am guessing double top...
*Nikkei flat
*Dax over 6k = overbought
*Results from Air France-KLM, BP, Canon, Ceradyne, Daimler, Deutsche Bank, DuPont, KPN Royal Dutch Telecom, Lockheed Martin, Nabors Industries, Occidental Petroleum, RF Micro Devices, Saipem, Sap, Talisman Energy, UBS, Valero Energy...

Leaning towards Long EU here....

Yes I do. http://i12.photobucket.com/albums/a2...kYouSmiley.gif

Very thin volume and this shit is up again, last time we saw a new high in the assians session we saw a drop like 200 pips in the next 5 hours, but now the price is getting comfort with it, thats worries me, and in the next hour we have german fundies that prior the news seems good, so bears are, myself in, screwed.