EurAnalysis

Good call.

For those not familiar with that, it's a reversal candlestick pattern........ You're stormtrooper is pretty hot too.

Do you miss me buddy

Seem NY decided Going Down

Today is another day when your naked technical s earns ... for my tech fellows ..

IF the data due in ~15 mins is € +ve, then the weekly R2 at 2969 or even the Weekly M5 at the confluence with the fib 161 expansion will be my targets for this afternoon....the later would make todays range 175 pips.....

It would be great if this happens in some nice wide ranged candles, rather than yesterdays nasty chop....

Responsive Activity

Initiative Activity ...

Something I was questioning the other week; does S/D stay valid over long periods of time especially with crap sentiment. Answer; yes. Although, sentiment has eased during this week giving it that confidence.

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Hi buddy. i miss all you guys and i want you all to make plenty pips.So dont get lost in too much info keep the trading simple.i did 3 trades earlier 2 went in and one didnt (that is ok). i will pop in here every so often to make sure your all ok the reason being is i find their is too much information being thrown about and the more i read it the more it puts me off trading lol. Take care

Keep Up The Good Work

If this area is covered then open ground above...

Good morning everyone (Afternoon for some)

I am attaching my daily chart below with some observations on the current corrective action we have been seeing including some key technical levels according to my observations.

I think that any doubt that we are in a corrective phase have now been erased... Finally!!! I've been waiting for this since mid December.

Currently, the falling channel (FC-2) resistance is being approached. This area obviously decreases with time but if we are to hit it today it should fall around the 1.2950 area give or take 20 or so pips either way depending on what time it is hit. Above that area, should price break through, we have additional resistance at the 55 ema & sma lines (Purple) which falls just below the early October 2011 low of 1.3144. Just above that we have my rising trend line (RTL-1) which played a significant support role in late November at 1.3211. Since it is a rising trend line, obviously if we approach and/or test this line, the price target will fall between 1.3250 and 1.33 depending of course on when it will be hit, if at all.

Personally I do not put high odds on correcting past the 55 ema/sma area but then again I am no psychic. All I can tell you is that there is no fundamental support for any such move right now. As usual, time will tell.

I am still a bear on the Euro. Besides all the current fundamental reasoning against any significant correction to the upside, we have to consider that an increase in the value of the Euro is extremely counter productive to growth in the EZ which is desperately needed in order to properly address the sovereign debt crisis. More loans will not solve any problems. In fact more loans just makes things worse in the long run.

Trade safe and be happy.
Cheers
PT

God Bless you and Family mate

Somebody hammered hard ..

Its not me Its not Mine..Zombie e e..e...ee

You started to smoke marijuana?

http://stuffstonerslike.com/wp-conte...-marijuana.jpg

Time for Orange Juice ...

I like Marijuana - It can Boost my Vocal Power

Hi, I haven't written in this thread for a long time now, but I've followed it.

Could this be the top of the swing?

It seems to be a resistence @ 1.2880 or it to long back to zoom out to the monthly chart? Although one can see it on the weekly chart as well.

How about Curry Chicken