EURUSD

all bubbles will burst, the bigger the more.

I know its only tuesday....

1.359...

http://img441.imageshack.us/img441/7575/37579175.jpg

+80 pip . i am out.. time to sleep

Hello all,
Before i state my next plan i would like to reflect on my last trade in a journal format or sidenote for future reference.
The first two setups were totally wrong with the 3rd giving just 90 pips or so in green before it became -15 pips.The last was the best with 200 pips or so in green and certainly 1:20 R/R before it became -10 pips.

Now i didn't lose a great deal in these trades but i have been some what frustrated in my long term views about this market.I simply have not been able to get things right for quite some time now (since october 2009) and i am no longer finding it funny or normal.

I held a bias back then when the market turned from 1.514x that it has not reached its peak but somehow gave up when i saw the reality of price action.And decided to wait till it bottoms out to enter,but then it turned at 1.187x and i named it mere retrace after a long bearish run which ended up getting me burnt again.With a little less than 2000pips,It already means another opportunity missed me think.

All this has lead me to think whether my edge that has done well both in back and forward testing is no longer relevant or was it just share luck/hope.Or is it just experiencing a drawdown like most systems do? this are just a few issues i have had to consider for 1 or two months now,and for now have decided to stick with it and see some more with some little tweaks.

Although i have been wrong for some time now,my account has remained in green due to a strong MM i developed and a remarkable R:R.I have also been able to make a good sum from some few scalps and swing trades which i am also relatively trying but can not day trade always due to a tight school calender.

PL:
For now am selling 1.3592 long term would explain later.

currently +50, stop moved to BE

usdx faster falling than eu raise ? may be , eu to test weekly resistance 3818 yet & usdx already broken it at 78.93 , 78.86 now .

Previously thought long back , 5th down may end 77.61 should now correspond to 3818 but may further down to to even 76.90 , may also correspond same 3818 as usdx faster in movement .

but below it should be disaster to 76.14 to 74.20 ot below then eu may go 4200 & even up , anyway not think will happen any time now .

and whatever may happen US may overcome one day but others may not in decades!!

fontu

And Black Widow Tarantula's charts

I must state ur analysis is wrong...very wrong

The market is strongly bullish

Currency trading is politics and it was clear that the slide in June 2010 will not lead to parity with the Dollar (yet). We are in the last couple of years before Euro and EU disintegration and EU governments are preparing for that. Euro on the way to 1,50 - 1,55.

im glad i was sleeping. wtf....moment.. it passed 6% of move on green chart.. so im stopped out.. -2% on eu... gbp still in play.. up 3% atm.. sl on cad set at +2%.. back to bed..

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

2010-09-28 _ zigzagtracktracer (18h43 CET) EUR-USD 030min _ 000.GIF (32.9 KB)


30min Heikin Ashi Chart ...

Near end of bullish move energy for this day ...

Immediate pullback zone near 1.3544 and 1.3519/ 13 ...

Would have expected some retrace by now (more than the 13 or so pips from open to low on this 1hr candle)... Seems to be stalling below 1.36 (weird to say after such a short time ago we were talking about 1.33.

Does anyone else expect some kind of actual move down before trying up again? I can't see this going up and up and up with no bear candles to be seen.

Out of all trades now watching for a new place to get in.

http://www.wallstreetfollies.com/2000/ppt.gif

Gold and silver on the move now... 1308.5 & 21.7, sounds great

USD losing against all but the GBP and CDN dollar ATM... Damn weak CDN economy.

do you expect any retracement soon

Don't worry, one day the CAD will catch up quickly

Hope so as I don't want to end up living in the country with the weakest economy. I mean everyone is hammering the USD expect CAD (well and the GBP who put out a very dovish speech)...

Don't worry, I'm canadian as well. And what I hear from folks all over the world is the soundness of the canadian dollar... foreign countries are pilling up into our economy. China is investing massively here too. So just wait and be patient. As we don't rely that much on the US, the best our economy will get