EURUSD

it's gonna hit back .3260 wait......pray....wish....

the potential to go long. i'm flat with demo ... avios.

Bouncing off 1,3205-10...it might slowly head towards 1,315x

Hey Buddy!

What up Scuba Steve?

win or lose. Has to go to 1.38 to stop me out. will add more shorts if all the "experts" prophecy some true over the coming months.

If there weren't swap USD swaps avail euro would probably be at .98

US Equities starting to pick back up. Price looks hesitant to test 3180ish level. Short at 3220 maybe...

just took a short

http://my.jetscreenshot.com/10477/20120321-84d1-116kb

Same entry...same stop...same target....

Although price consolidated above the daily high, near resistance, it was not able to penetrate to the upside. Now, this symmetry line, although in peril, managed to prove it’s worthiness once again, sending price to its average. Maintaining an upward slope in the next hours could favor a bullish bias for the remaining of the week, otherwise consolidation and downward movement should continue. Good luck and trade safe!

Thank You

I wanted to share a high level research that I did on timing of EUR.USD reversals. The question that I was trying to answer is – are there significant patterns in EUR.USD behavior that are correlated to certain times in a day. At what time of day the pair is prone to reversal vs. continuation? To conduct the analysis I used 60 min history for the past three months and ran serial correlations for every hour in a trading day with the next hour, next second hour etc. For example, EUR.USD move in pips from 8 am to 9 am was correlated to the move from 9 am to 10 am (C+1 column), ten to the move from 10 am to 11 am (C+2 column), etc.
The results of the study are in the table below. As you can see, (and as expected) the correlation values are not very high, but in my mind they provide an interesting view into the EUR.USD price behavior. Keep in mind; the percentages in the tables are correlations, not coefficient of determination. Also time is US Central time zone, which is GMT – 5.

Some highlights:
• I found it interesting that for all hours serial correlation is 14%, which shows that there is a tendency (albeit weak) for a trend to continue from the last hour’s trend
• Strongest serial correlation for next hour can be found early US trading hours from 7 am to 9 am
• 8 am to 9 am CT move is the strongest with next hour correlation of positive 28% and hour after that positive 24%. It shows that moves that start at 8 am Central time are likely to continue for several hours.
• Interestingly strong negative correlation (possible reversals can be found) an hour after (C+2) in Tokyo hours and early European hours, which shows that EUR.USD is not trending well in Asian session, and tends to reverse Asian moves in early European sessions.

Closed @ 3206 ,, scalping short now @3203 for 10+ pips on gold falling on small time frames ...

long closed at @3208 an now:
TP of my shorts and buy limit at @3146
nice day for now

Looks as if the head and shoulders pattern is in play. Lets see if this bear holds. From the 4 hour theres a bearish divergence on the RSI 14.

Holding short until 3100

hello.....^_^

I agree but I think 3140 area are nice level to play some retrace... low level of 2011.10.04

Anyone out there a wave counter?