EURUSD

mt4 is not a precision tool lol

a close bellow 1.43 would be comfortable for me. doesn't mean i will unload if we close above but i will look deeper into it if we do.

and will add another 50 lot short tomorw.

The hourly doesn't look great but then MT4 is not a precision tool, like you said
I may just close this trade for a few pips profit and look for the next one.

NEW YORK (Dow Jones)--Standard & Poor's downgrade of Greece's credit rating Monday drove investors to sell the euro.
The common currency fell below its 50-day moving average against the dollar to its lowest level in nearly three weeks, though it later pared back some of those losses.
The euro also dipped to its weakest level against the Swiss franc since March.
"People just don't want to hold euros for the time being," said John McCarthy, managing director of foreign exchange at ING Capital Markets in New York. Investors were also largely scaling back their long-euro positions, he added.
The two-notch S&P downgrade--which lowered Greek sovereign debt to a B rating, five notches below investment grade-- was followed by Moody's placing the debt on review for a possible downgrade.
The deteriorating ratings picture is only the latest blow to the euro. Last Friday, the common currency plunged on a der Spiegel story saying Greece was considering exiting the 17-nation currency union, which Greece denied. The day before, the euro tumbled as a whole-scale commodities selloff drained off risk sentiment.
Monday, the euro slid to $1.4254 against the dollar, its lowest level since April 19, from $1.4315 late Friday, according to EBS via CQG. Most recently, it pared back some losses to change hands at $1.42301.
Against the Swiss franc, the euro fell to CHF1.2499, its weakest level since March 17.
Against the Japanese yen, the common currency fell to its lowest levels since March 29, at Y115.03.
Jitters about Greece serve as a tough reminder that the European Central Bank is expected to fight inflation with interest-rate hikes this year, but also has to deal with struggling economies like Greece.
"We have to wonder how the ECB is going to set policy in an environment where the core is growing and the periphery is suffering," said Jessica Hoversen, currency strategist with MFGlobal in New York.
The dollar, meanwhile, was mixed against its other rivals, as interest-rate differentials and rising commodity prices were the main drivers.
Against the Swiss franc, the dollar fell to CHF0.8744 from CHF 0.8788 late Friday. But sterling was down against the dollar, to $1.6341, from $1.6374.
The ICE dollar index, which is based on a basket of currencies, was up slightly to 74.920 from 74.84.

I'm out. Took my few pips anyway. Good luck and grab them pips!

last bull attempt failed at top & short taken there , lets have another one to try before any failure & done .
fontu

Calling Long Term Low 1.14090 January 2012. This should not be taken as trading advice.

hello eagle eye. just seen your post and had to smile ... we got the same levels except your mid levels are 7 and mine 5. first time i have put mid levels on but they just made sense to do it. glad to see you had the same though.

Looking for a buying opportunity at these levels for a few days ranging within triangle

previous chart posted also still holds for some retracement if EU don't break further South

Has anyone come across an indicator where you would get an alert if the price goes above or below the open or close of the previous candle?

Thank you.

Previous chart updated

You get the info from time and sales on your platform.

When i see like 5 or more I call that a cluster You can see much more than 5 at times which after an initial stall tend to head in the direction of the trades whether it bid or offer.
Since my earlier post I seen some buy and sell side so maybe daytraders getting out ,dont think anyone wants to hold at moment .

saw em at 4400 ish and unusually am already seeing em again here at 4300.

I use these alert line indicators for alerting levels I may want to trade.

Best Wishes,
Cheers

Bull got life at last & so 4341-74/79 may reach , short at any high still my formula , sl over 4380 limit .
fontu

damn it breaks in a snap...
compresses 2 hours and breaks 2 min

Forming a sub range or minor range often happens at the end of daily range
when price consolidates. You have the right idea working of mid levels, it offers additional trading opportunities.

4350 level Fontu will be telling (5min chart)

Rising 20 & 50MA looks supportive

Thanks , will take care of this level .
fontu