EURUSD

Julius this will run for a while

Bounce/Pause here expected. Wait for confirmed break/resumption if not already in......

hm... strange, I'm looking at a different one, then. but we closed below that as well.

I listen all of you.. and also i m not greedy..

I for one am eyeballing 3580

Then you should stay out, and if you can't manage that....all I can suggest is run a tight stop and don't get greedy.

before




after



we might have a break

i am back in short 1.3655


will get out if it keeps going back above 3670

I've got 3573 with a few bumps along the way. Good enough for government work.

short 3695
sl 37100
tp: open

was anyone here expecting this news release. I couldn't find it anywhere ???

with better than gov't pay

thank you too for answer, didn't see your post.........

start of a retreat?

same from two days ago...

Under normal circumstances your trade setup would have been just about right, a Franky fake are good ones to counter. Today is slightly different, for one the Franky fake was a massive drop (not seen often), 3725 failed and there were no buyers on the rejection and only minor profit taking, Japan downgraded. All this could well lead to London taking it further, let it settle, let London carry through the book for the overnight orders and once they are cleared see if they will carry it through. Keep an eye on the Dow and es futures, that should give you a further confirmation of the flight to safety and risk aversion. If the equities bottom out then this was a Franky fake, if the equities and UJ continue then this is a bit more and you should be looking for furhter shorts instead.

Back all this up with your technical setup, don't be biased by the fundamentals, it is just nice when they are both pushing in the same direction.

Trade your own plan, be mindful of what is going on around you.

A good advice from a very good book:

You will not make money trading reversals until you wait for a break of a significant trendline and then for strong reversal bar on a test of the trend's extreme.

Offloaded shorts

Downgrades of countries are generally not scheduled items.

Long @ 1.3640 ...
add second long position
avg 1.36515
set SL @ BE...
let's see how much this baby can run up again

short again from 3653 / target 3611