EURUSD

i didn't. it was your limp.

With the news of Portugal receive a lower rating, I am watching for the 1.2950 level, if we reach that ... I am going to 'double down' on my short.

a volcano living on seaweed? have at it.

i sleep a few hours during the euro session.

i forgot about the questions... sorry man... i'll look now.

money never sleeps.

1.2918 next target .only one confirmation. four confirmation on 1.2662

i have a thing for the chicks and love sushi.

stan

Yep It is

Euro Continues to Tumble

The EUR/USD fell below a significant Fibonacci level as the euro continues to be sold amid European debt fears.

In European trading hours the euro was weaker on the back of the European debt crisis. Contagion fears are rampant as economists and analysts attempt to identify the next European nation that may require financial assistance.

The release of an 85 billion euro bailout package for Ireland has not helped to ease situation. A potential split in the government coalition threatens to break up the ruling government and delay the passing of the next year’s budget which includes considerable belt tightening as required by the joint EU/IMF bailout package.

Irish bonds have also sold off as new European legislation threatens subordinate bank bond holders to take a haircut of 80% while senior bank bond holders remain guaranteed by the Irish government.

The EUR/USD fell to a low of 1.2979 before recovering to the 1.3040 level. The daily low coincides with a downward sloping channel line off the mid-November lows which should serve as a support. The drop also took the pair below the 50% Fibonacci retracement level for the June to November move at 1.3080. A close below this level will move the next target lower to the 61.8% retracement level at 1.2800.

i have my pivot at .3033.

it's also in line with the resistance this afternoon.

all things being normal... i'd sell the pivot point.

however... i won't tonight... it smells funny.

stan

it's pretty but i'm on the sidelines.

stan

I'll quit bombarding you with questions now. Thanks for all the answers! This guy knows what he's doing everyone.. why doesn't he have 10v by now?! Cmon guys!

aussie gdp in an hour

no death vouches.

i don't mind.

just trade the approach for awhile... shit will jump off the screen at some point.

stan

Leon, one of the coolest films of all time...

he kinda reminds me of acumen

Same chart layout with the same Pivot indicator.

Pivots , intraday TL´s, Fibs.

Simple and reliable.

yep.

i use his charts and his system.

rj turned me on to him.

stan

"3210 is the 45 week moving average. The markets trade very close to segments of 4. For example, on the Euro, the low for the year is within a smidgeon of 120. (119) 132 would be a natural pullback area. if it fails, then one could expect 128/129.. Most of the fractals on all markets will work out this way. Even today's low on the Eur/USD futures so far is at 3216. divisible by 4. The high is at 1.3388 Once again, divisible by 4. Watch this and see how often is works out that way. You would be shocked

On the ES today, the high was 1200.5 and the low was at 184.5 Both numbers are roughly divisible by 4."

I posted this a few days ago. The futures are currently in the rollover process from December being the front month to March being the front month. You always get extremely volatile moves while this is taking place. Whatever low we are going to get on the Euro over the next two or three months should be in place very shortly as a beginning of the month low would also allow them to set a low for the month on the monthly charts and allow a rollover to the March contract at a low. The 128 area would be ideal as this would be in line with a price segment that is divisible by 4. It would also be in line with a fib retracement number.

Any shorts who get jiggy under 129 (if 128 and change comes) will likely deserve the spanking they are destined to get. Bulls make money and bears make money, but pigs get slaughtered in the markets.

Right now, the daily is approaching extreme oversold territory.

hi ive been reading these boards daily for 6 months now but this is my 1st post

Can anyone tell me would a $1000 ($100 per pip) position affect the market very much or just afew pips deviasion?

And on topic i went long 1.29803 tp 1.30000