Hello to all.
Possible plays.....with yesterday stunning downchannel break that follow with a huge rally to break the top side of the down channel (what I thought would take days took only hours) could prove to be a major game changer especially with the EU Sumit on Greek Debt tranche payment (i.e. extortion payment as we say here) has the potential to change the market structure over the next few weeks.
It is possible that a relief rally will take over if there is positive resolution on Monday that will cause the current pattern in the eurusd to be a ''bull flag'' setup.....that means another 200 pip rise in the euro.
Or we if there is mixed resolution or delay of traunche payment causing a Greek default we could see a ''head and shoulders'' pattern forming where there is complete reversal and the euro plummets through the floor.
In both instances for me this is a clear signal to ''wait and see'' and not enter the market unless there is some dramatic news or event that pushes the euro up (above 1.31700 BUY) or down (below 1.31100 SELL). My guess is we see a typical Friday before a big news event and the market moves in a sideways pattern or drops back to the 1.31250 level and begins to form a head and shoulders or whipsaws back and forth filling out the bull flag.
In both cases.....I am sidelines for now. (but watching very closely!!!)
Remember to let Symphonie Signals be your guide!
Evaluator.:nerd:
Possible plays.....with yesterday stunning downchannel break that follow with a huge rally to break the top side of the down channel (what I thought would take days took only hours) could prove to be a major game changer especially with the EU Sumit on Greek Debt tranche payment (i.e. extortion payment as we say here) has the potential to change the market structure over the next few weeks.
It is possible that a relief rally will take over if there is positive resolution on Monday that will cause the current pattern in the eurusd to be a ''bull flag'' setup.....that means another 200 pip rise in the euro.
Or we if there is mixed resolution or delay of traunche payment causing a Greek default we could see a ''head and shoulders'' pattern forming where there is complete reversal and the euro plummets through the floor.
In both instances for me this is a clear signal to ''wait and see'' and not enter the market unless there is some dramatic news or event that pushes the euro up (above 1.31700 BUY) or down (below 1.31100 SELL). My guess is we see a typical Friday before a big news event and the market moves in a sideways pattern or drops back to the 1.31250 level and begins to form a head and shoulders or whipsaws back and forth filling out the bull flag.
In both cases.....I am sidelines for now. (but watching very closely!!!)
Remember to let Symphonie Signals be your guide!
Evaluator.:nerd:
hope it helps!
and lost 30 pips.
I have decided I prefer the new matrix but I don't want the last line of it (sentiment) and instead of the reverse stochastic I prefer the ma crossing. Sort of a mix of my scalping technique but a bit safer for longer term trades taking notice of the trendline. 
636 pips!!!
