EURUSD

http://noir.bloomberg.com/apps/news?...LnlqGAEw&pos=2

won't work. history has proven it a failure. this time is no different.

lol its at 4120....its gonna take 3 hrs to get the next 20 pips....

steriods lol

Guys am done for today it was a slow scalping day just +50pips
up and down it was +75 pips but i lost one for -25pips
cya all tomorrow
Good luck and green pips

What's the significance of 4140?

We are in a descending broadening wedge.



Also there's a bullish divergence on daily, and hammer which is going to be confirmed if today's daily candle closes above 1.4088, in that case i think we could see again 1.4337.

weekly high

Time killer, latest edition hot off the press...

Hi,

I am waiting confirmation of cup with handle configuration.

If true, the objective will be at 1.54.



@+

Thanks.

Important close daily... yesterday opened in 4115.

EUR/USD Daily Outlook

EURUSD Outlook | Written by ActionForex.com | May 24 11 06:53 GMT

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.3961; (P) 1.4054 (R1) 1.4138; More.
EUR/USD recovers mildly after hitting as low as 1.3969 but intraday bias remains on the downside and deeper decline is still in favor to 61.8% projection of 1.4938 to 1.4047 from 1.4344 at 1.3793 next. On the upside, break of 1.4344 resistance is needed to signal short term bottoming. Otherwise, outlook will remain bearish even in case of further recovery.
In the bigger picture, EUR/USD is still trading above medium term trend line support from 1.1875 (now at 1.3509) and thus, rise from there should still be in progress. We'd continue to favor the bullish case that correction from 1.6039 has completed with three waves down to 1.1875 already and. Above 1.4938 will target 1.5143 resistance first. Break will affirm the bullish case of long term up trend resumption for another high above 1.6039. However, sustained trading below the mentioned trend line support will indicate that there should at least be one more medium term decline, possibly for below 1.1875, before correction from 1.6039 completes.

http://www.actionforex.com/images/st...20110524a1.gif

http://www.actionforex.com/images/st...20110524a2.gif

Negative interest rates? If that happens, I hope every single person pulls their money out of their bank accounts and it just absolutely trashes the financial sector.

If were going down, I want to take as many of the toolbags with me as possible.

HI
I sent u PM last week but didn't get ur reply.
PA so predictable.

possible that MK is employing a little overkill...

sorry EG, thought that I had replied...

short 4118 SL 4126 TP 4090

Here you go as promised!

Cheers,
Ally

hi I'm fresh and still learning had some bed trades but today was geat.

http://images38.fotosik.pl/864/80fa2ac164d8408amed.jpg

greats

Hi Traders,



this evening I like to introduce my alternative count, which has a very high likelihood to get my main count.



Wave red 2 here is a very complex ABC flat. Chances are high that it will get a running flat, since the upmove of wave blue C is not impulsive and very time consuming. Since this wave C is not an impulse, it is a diagonal.



Why do I believe that this count has any merit? Look at wave blue B. It clearly looks like a zigzag. Now zoom into this wave blue B on smaller TF's (best 5min). Look at Awesome oscilator. The highest pressure is at the endpoint of the A and C waves of this zigzag.



A clear sign of a zigzag......



Good targets for this wave blue C are:



a) the top is in at 4132 (fib 78.6 extension)



b) 4190 (fib 100% extension)



c) slightly above 4344 (fib 162% extension and C > A, and Murrey Math 7/8 on 4h p=32)





Now we go one step further and draw a channel which connects the top of wave blue 2 with the top of wave blue A.



Now draw a parallel to this line through the bottom of wave blue 3.



Look the beauty of this channel. Perfect target for wave blue C would now be 4190





Take a look here: