EURUSD

take a look at the chart above

Support, is broken, i want to see it continue atleast to 650-20, then retrace back and then go short. I considered this to be oversold, when the break happened, therefore we could just pop back above 730 and have another go at support later, at the moment not taking any position trades.

plan the trade out before you place it and have a target.

watch the price action to tell you what is happening.

what is the momentum of the move?

where is it heading?

why is it heading there?

what is the likelihood of a move back up?

what is the likelihood of the momentum continuing?

Nothing is for certain, the market shows us what it will do, we don't tell it what it is to do.

don't expect quick doom of EU
Bought at my last support with divergence. Now SL at be.
Or big V will be made or ranging till NY open and more down.

i'd like that because I want to get more added to my long from 1.1880

Yes man it is very near! GDP next week might be the judgement day, Hindenburg Omen, H&S, only different ways of saying people are ready to sell! I feel like it is capitulation too. Normally you'd see a bounce from the technical levels of support tested yesterday, but I think the fundamentals just killed the idea of buying. Even scalpers are reluctant to go long. I know I am. It would be interesting to see if 10212 gives way today on the DJ. So far we've tested it 3 times this week. As I'm writing we are testing it for the 3rd time. If it breaks on a quiet day like today it will be revealing. Also I'm seeing this on all other risk assets, oil, AUD, EUR, even gold dropped.

Now there's something really interesting to consider for the currency market: what will be the impact of the GDP report if it is bad? Now well, let's for the sake of theory suppose the number is really , really bad? Naturally, markets would crash, but what would happen with currencies? Normally risk aversion leads to USD strength, but I still remember last month's manufacturing reports. They were heavily short of expectations, and it lead to the market dropping, but what happened to the USD? It got hammered too. I feel we're getting close to the tipping point where the fundamentals behind the USD get too eroded for safety status. I read one interesting opinion about the recent selloff in USD/CHF. The idea was that vast amounts of money in swiss bank accounts are being converted to the CHF on any dollar strength. These are enormous amounts which have been accumulated over many years. The slow exit from the USD there shows an interesting trend. Technically speaking I think even a retest of 1.18 is possible for the EUR/USD. Possible but not too probable I think. Longer term fundamentals however will surely lead to very, very weak USD.

Thats just a reference, im a daytrader and been trading every single day..The chart is just a possible look to the future

we built a bear flag since Monday... the pole indicates 600 pips lower then 2733.. that puts us exactly at the all time mid.. 2133.5 ....math don't lie. coincidence???? now add 600 pips to 2733 and what do you get? 3333.. coincidence? i dont think so..

hi all,

what do you guys think...if the eur breaks 1.27 level..are we going to resume that 3 month long usd strength? (from march to june) or do you think we are going to bounce back up from here and resume the eur strength trend?

thanks for your input... i am long the eur now and am wondering if i should close positions and take the opposite trade ? or hold on to eur longs and hope for a rebound..

and stopped selloff is to strong. I'll wait till NY.

As of right now even 10200 got overrun. That's it. Boom. No long scalping there,
I'm smart enough for that at least Tick 10194, tick 10193...
Dax testing 6000. 10189. Will we make it to 10000 today?

que isto ia acontecer. já recuperei tudo.

this is wave 3 of the downer. 5 will end up around 2650, that's where we'll have todays low.

intend to keep these 2 heavy shorts i am in for quite some time...

Remeber that short selling ban ? After 6th may crash ?Hmm ...

step back... smell the farts..

better go forward then...

Never....my favourite science Even more I like Einstein's statement:" as far as the laws of mathematics refer to reality, they are not certain,and as far as they are certain, they do not refer to reality"

who let the bears out??

then buying at 48-39 (small position, tight sl)

Below 1.2700

Hello, WBR, How you check the waves?? Do you have any Indicator to do it??