EURUSD

I have resistance at 3972/74, but I think that 3958/60 is more important. Clear those any I got nothing till 4030/32. Below 3924/26 looks key. I would still favor long scalps based on the hourly right now. Still very difficult to call, especially on a friday..I'm off for a cocktail, good luck to all...PTL

I'm still short, hope this channel works out.

this is madness, i do agree, but just let it go all the way TOP

where is the top ??

market fell a few minutes ago 34 pips ?

Was that the top ?

If so why are we going straight back up there ??

Maybe we are going know where and we in a 30 pip trading range ?

daily resistance is around 4020.

go down! it's an order!

i bought at the bottom, just surt till end of trend and put stop loss BE+1

daily pivot no balance 3952

R u short ?

yez, SL @ weekly pivot

i have just recently got aware of that site, but i kind of like their language.

Not Many Compelling Reasons To Be Involved Right Now
By Jamie Coleman || October 22, 2010 at 13:04 GMT
|| 6 comments || Add comment
I think it was about a week ago when I said it looked as though the easy money had been made in EUR/USD and it was gonna be tougher from here on out. Sheesh, it sure got tough.
There have been more false starts in the market over the last week than in a Buffalo Bills football game and participants have been whipped silly on both the long and short sides of the market.
Stepping back, what we can say clearly is that the impulsive nature of the uptrend is over and we are now in a consolidation of the 14 cent rally over the last month or so. The 10 day moving average is now moving sideways after acting sort of like an uptrend line for most of the last five weeks.
Technically, drawing a line off the 1.4160 high and the 1.4050 high yesterday, we get resistance at 1.4020 today. A break above that level might give the bulls a fresh dose of adrenalin. Otherwise, more consolidation ahead so long as 1.3700 holds.

taken from: www.forexlive.com

could those movements be connected to the changes in leverage, too?

where is weekly pivot @ ?

I would imagine they have hard time figuring out the way....

Before the bull move, there was a spot sell (consisted of 2 1min candles).

Between those candles, there was demand which was actually failed bull move that was executed few minutes later at the exact same price.

So, that bull took around - 20 pips before succeeded with the move up to 1.3970.

I have it at 1.39695.
lowered to BE now.

Is it just me or the supply zone is moving down ?

2day chart - update to the last one
based on NPA

expect this to give me a hint on bear strength to resist bull attack...

Maybe next week will be better. It took me the better part of a day to just pull 70 pips out of this beast yesterday. Even the 4 hour is starting to look like crap... hah

bulls cant be happy with that candle, thats a lot of wick they left behind...

It really does look terrible!!!
But I'm still long- Position Trading obviously!