EurAnalysis

Is it 1.3000 or 1.2900?

Keep blaming PT and Kno we all love it !!!!

I am in a position with so much Shorts on my screen @be but that scares the shit out of me.
How do you guys keep your emotions in check in such situation ?

1.3054 -> 1.3025 -> 1.2974

I was already short this morning and I'm still holding my positions.
I'm just busy ready funny stuff... like this

What’s that sucking sound?

That’s the SS Pimco taking on water… Sorry Capt Gross!

Rince and repeat was the play today. Took another short at 1.3105 with a TP initially set to 1.3005 but we'll have to see the PA as it goes along.

I'm short @1.3240 , @ 1.3160 , @ 1.3113 , @ 1.3095 & @1.3083

ADD: 1.3083 already gone. What a relief.

What the f**k!?!? $AAPL moving it up.

Let's get 1.3050 first
I'm still holding some shorts from 1.317 this morning (covered some @ 1.3115 and 1.3080 earlier on). Reloaded @ 1.3095 (SL@BE) during FOMC (actually had an order @ 1.3122 but wasn't triggered by broker so 3095 was the best I culd come up with due to slippage).

This is probably our best shot at cracking 1.305. It's 50% retracement since beginning of upmove in December but also close to neckline area (1.3064) of H&S formation on daily. So tough nut to crack but the reward should be interesting.

Once SL is set, I usually get drunk.

edit: Btw, I placed heavy short at FOMC release.

T

If they're at break even....then no sweat! Just set a TP and walk away, that simple.
Remember the market always provides other entry opportunities so it is not like you will miss anything if market takes you out at BE or with+ pips!

mmhhh good idea. I'm going to drink a Belgian Beer

Hmmmm... Beer!

Sunny outside here (Toronto) and +17 celcius. Time for a ride on the bike before dinner. Catch you later guys. Let's hope that 50 fails.

A couple of shots of Tequila and a good shag usually do the trick for me. After that I'm so calm the world could blow up and I wouldn't give a rat's a$$

ADD:
Watching European Champions League soccer and a Euro Avater
as compensation for the Euro bashing.

ADD:
A day in the life of FOMC
http://www.philadelphiafed.org/educa...-life-of-fomc/

Cmon, break you biatch.

edit: ,30579 holding very strong. I think if it breaks we are going to see ,302 very fast. Maybe even 299, Ah I would love that.

http://www.forexlive.com/blog/2012/0...ease-to-today/

http://www.forexlive.com/blog/2012/0...ple-in-charge/

It looks like we are at big decision point in history, we've bounced from the Jan-Feb 50%/ All time 38.2%/ Weekly 9 t3ma three times today. Either the current uptrend will continue or price will break support. Either way the moves could be huge.

Here's a quick summary of this year so far.



January 29th: Daily down-trending 810 t3ma begins cross below down-trending 900
This is where price began to stall from it's 'uptrend' and found resistance on the daily 54.


February 1st-5th: The daily 270 (that has been trending up since May 4th 2011 the same day price broke it's high but was stopped) goes completely flat right before the official 900/810 cross and exactly 2 pips away
This caused price to go crazy around the d1 54


February 6th: 810 below 900 and 270 starting new down trend
This causes price to rally ~250 pips before hitting resistance at the daily 72.


February 29th: Price falls as 270 prepares to cross below 990.


March 4th/5th: 270 crosses below 990
Price stalls.


March 6th: 180 crosses below 900
Slight sell off but price finds suppot on daily 72


March 7th/8th: 180 crosses below 810.
~150 pip rally to daily 9 t3ma


March 9th: 180 crosses below 990
Price reverses back to 72


March 11th: 180 crosses below 270
Causes very weak rally which ended below daily 27


March 13th: 180 crosses below 720
Price falls to Jan-Feb 50%/ All time 38.2%/ Weekly 9


Next week(I'm not sure which day yet) 180 will cross below the up-trending 1080, 270 will cross below 720, and the 360 which has been trending up since last 6/24/11 will go flat, as well as the 450 that's been trending up since 8/28/11 So if the buying isn't really strong at those crosses/flattenings than the sell off will likely resume.