EURUSD

Just short...and continue short

I'm still holding to the short post entered yesterday @ 4925 and added a few more as it tumble down

hee, now i rarely use 1 min chart, but this could be the last leg of short,naked and count in my head..,hope they are right

Same levels in play today... same ones that Cloggie posted yesterday.

GM Sisse, what you make of it all brother....

Hopefully no one will ask what they are!

Ok I'll bite, what were they again

Opening range

Possibility of range trading until interest rate announcements

You know I was joking while waiting for the market to move. Cloggie posted them many times lately. Ok, they are 47, 62, 77.

Best Wishes to everyone and green pips.
Cheers

still working with these

Two analysts walking down the road on spots a £50 lieng on the pavement. Here turns to the other and says, "look £50!". the other one turns to him and says, "Nah! If it was real someone else would have picked it up by now."

GM PTL,

Consolidation range intact as expected on NFP/ECB week. Although, Trichets party today is "less" important than previous and next ones, it will hold the pair inside of the range until the end of the conference.

Factors to watch is hawkish speech with clues to a new interest rate hike either June or July (A potential June hike will trigger a stronger rally in the next few days while July will maintain a smoother uptrend) and any (I doubt) comments on Greece default and restructuring.

I expect a NFP +/- in line with expectations that will serve as a trigger for the move in today positioning after ECB conference like the last 3 times.

From TA, I am watching for the top of the range 1.488x to hold (+/- few ticks up) to trigger the first retrace on the monthly bar to at least 1.474x and potential overshoot to 1.467x if ECB hawkish comments are confirmed. Both strong areas to position long (monthly/weekly charts) to make a final push to daily/weekly/quarterly/yearly Resistance at +/-1.505x.

Below that daily looks very nasty & clear (consolidation) so no much information for trading. 1.481x is the momentum line to watch intraday (h4 already rejected last swing high but is still making HL) for a decent move down to the levels above. If not taken is chop all around and the only tradable move in my books in this scenario is a clean daily chart break on daily R 1.490x but it will leave only a few ticks on the table...

we'll see

sisse

samo samoo lets see london

Oh that's typical I go make myself a coffee and I come back and I've missed a rise on the Euro. Sheesh I really need to get the Kitchen upgrade for my desk.

Thanks Glen,

had some similar values, already made some pips with this method -

Profit target hit, and just broke over it which put me long again. See how it goes, maybe hit the top.

As per usual it will be about the wording. Two more hikes are expected by year end, guess its just a matter of when. Most likely will be vague comments, the norm. Have you been trading anything else?

Good morning traders!


Not much changed within 8 hours of trading time ...

24-hour Trend ... Bullish (+04)

3 Day Trend ... Neutral (+02)

Weekly Trend ... Bullish ...



Most important resistances near 1.4920 and 1.4940/ 57 zone ...

Only breach of beyond 1.4919 (upside) or 1.4804 (downside) could provide some acceleration ...

Otherwise trade the range modus is our parole ...




;-|

+24

Waiting for LDN to check whether levels line up and hold