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Quoting nikim
No chart right now, but is EURUSD consider 2 day PB?
In theory - it could be. However, the support level just below is massive - I wouldn't be selling now.......

The shooting star that you are referring to is actually what I used to call a "Contin Pin", meaning continuation pinocchio bar. The movement shows more bearish pressure at the end of a run, and that the rally couldn't move forward.
Quoting egkid
Hi chris
How r u?Hope all good

My view e/u
We still in downtrend cycle i will sell @3115 will close when my system tell it's end of bearish move.
Quoting egkid

You should be rich by now mate!
New blog post about tomorrow.....
http://www.reuters.com/article/2012/...8051FV20120106
http://online.wsj.com/video/europe-a...2AB7A8BFA.html
Had to share this......lol
Attached Image
I must have a very evil liver!
This is the chart I have been paying the most attention to lately....and am currently trading. (Selling of course.)

EUR/AUD:
Attached Image(s) (click to enlarge)
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Fundamentally everything seems to be working against the euro. It'll be interesting to see if the next massive Italian bonds auction will be the last nail in the euro coffin.

I'm not much for dramatising and such, but I actually switched my trading account from euro denomination to USD a few weeks ago. My gut tells me that the euro will not survive in current form or perhaps not in any form at all.

In other words, I agree with your view on EURAUD... though I try to stay technical and ignore the funnymentals when trading.
Quoting o990l6mh
Fundamentally everything seems to be working against the euro. It'll be interesting to see if the next massive Italian bonds auction will be the last nail in the euro coffin.

I'm not much for dramatising and such, but I actually switched my trading account from euro denomination to USD a few weeks ago. My gut tells me that the euro will not survive in current form or perhaps not in any form at all.

In other words, I agree with your view on EURAUD... though I try to stay technical and ignore the funnymentals when trading.
Makes you happy that Sweden was wise enough to keep it's own currency huh?
Yes, to put it mildly
A thought from Jim on the euro.

Inserted Video
Quoting aus1way
A thought from Jim on the euro.

http://youtu.be/U6HNbQpJf0M
I wouldn't be surprised if there was some kind of smoke in mirrors type of attempt to "fix" things. However, they have already f'ed up as the market has already seen them do this before.....I think that the Euro is screwed long-term, and I think that each time we get a "solution", the bounce will last less and less time.

Of course - I could be full of it. Wouldn't be the first time!
GBP/USD is knocking on the door of 1.53, which is a massive sell signal for me. It would be a trigger of the complex head and shoulders.....waiting until the end of the day to see where we are....
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Clockwork, Would you play a short if price dips below 1.53?
Quoting nikim
Clockwork, Would you play a short if price dips below 1.53?
I am going to, but only on a daily close below it.
Quoting clockwork71
This is the chart I have been paying the most attention to lately....and am currently trading. (Selling of course.)

EUR/AUD:
Chris,
What's your take on this BUOB forming today?
Obviously it's a counter trend move, and probably just a retracement since the pair broke down out of its 1400 pip box.
I'm curious as to how far this might climb back up before resuming trend down. On this large a time frame and as large as that conso box was, does this go all the way back to roughly 1.3 to test the bottom of consolidation?

thanks,
Chris (also)
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud buob.PNG Size: 29 KB
Quoting uBERpIP
Chris,
What's your take on this BUOB forming today?
Obviously it's a counter trend move, and probably just a retracement since the pair broke down out of its 1400 pip box.
I'm curious as to how far this might climb back up before resuming trend down. On this large a time frame and as large as that conso box was, does this go all the way back to roughly 1.3 to test the bottom of consolidation?

thanks,
Chris (also)
Possibly, but I think 1.25 will also offer something as it is a whole round number, and they tend to do so.......
Found this interesting.......

http://news.yahoo.com/photos/confede...618-slideshow/
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