Attachments: EURUSD

EURUSD

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#632,841
Apr 25, 2012 7:47am Apr 25, 2012 7:47am

Itrade24h
| Joined Mar 2012 | Status: Trader | 537 Posts

EUR/USD – choppy rally stalls at 61.8% retrace

The Euro did rally to its 61.8% retrace at 1.3237 o/n contrary to our call yesterday that the correction was complete. The choppy trade higher is still indicative of counter-trend trade and with the 150dma & Feb/Mar trend resistance at 1.33, the Euro is rallying within the context of a longer-term downtrend.
The up channel from the Wave 1 low at 1.2995 has so far failed to take out the 1.3237 retrace level but a break of trend below channel support is key. Downside projections measure to between 1.28/1.26.
Levels: Support - 1.3186, 1.3105, 1.3060, 1.2995 Resistance – 1.3237, 1.3281, 1.3305
Any questions/comments welcome

#632,842
Apr 25, 2012 7:48am Apr 25, 2012 7:48am

Bradifx
| Joined Aug 2011 | Status: Trader | 70 Posts

Quoting Bradifx

Disliked

again, risk off but euro still holding ?

Ignored

...maybe now?

#632,843
Apr 25, 2012 7:48am Apr 25, 2012 7:48am

Itrade24h
| Joined Mar 2012 | Status: Trader | 537 Posts

chart

Attached Image (click to enlarge)

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#632,844
Apr 25, 2012 7:49am Apr 25, 2012 7:49am

KiwiTrada
Joined Aug 2009 | Status: Trader | 12,448 Posts

Quoting KiwiTrada

Disliked

here it come again is time to hold your hats

Ignored

swissy has pierce resist peoples,

If you are new to Forex? Say Goodbye to your account!!

#632,845
Apr 25, 2012 7:52am Apr 25, 2012 7:52am

freethug
| Joined Apr 2008 | Status: Trader | 153 Posts

downside has just been triggered.

#632,846
Apr 25, 2012 7:54am Apr 25, 2012 7:54am

auxesis
Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts

Quoting Itrade24h

Disliked

chart

Ignored

Do you put importance on the "11", or just the symmetry of time in the swings?

#632,847
Apr 25, 2012 7:54am Apr 25, 2012 7:54am

jonnypants
| Joined Apr 2011 | Status: Trader | 586 Posts

Hey Lucky Duke stop having a go at the messiah when he's not here!!!

he was calling 3196 yesterday, I noted it down!

and if you look at the 1min chart it's just double bottomed virtually to the pip

#632,848
Apr 25, 2012 7:55am Apr 25, 2012 7:55am

Horuss
| Joined Jun 2010 | Status: Up or Down ? | 40 Posts

finally ;-)

Quoting freethug

Disliked

downside has just been triggered.

Ignored

#632,849
Apr 25, 2012 7:55am Apr 25, 2012 7:55am

rattyo
Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts

Quoting freethug

Disliked

downside has just been triggered.

Ignored

Be careful with these crafty yanks.

rat

#632,850
Apr 25, 2012 7:57am Apr 25, 2012 7:57am

trade4fun
| Commercial User | Joined May 2010 | 382 Posts

price back again to 1.32.07

i wonder if someone notice this. seems to be this level is very important today.

#632,851
Apr 25, 2012 7:57am Apr 25, 2012 7:57am

abyaleshia
| Joined Jul 2011 | Status: Trader | 1 Post

hi HDA,
I have been following your post cople of weeks
sorry to hear about the accident
hope you are in gud health

will you send me 7 rules,if you dont mind

Quoting HDA

Disliked

Good Morning Traders

I cant stay long - met in a car accident yesterday and Im now feel the pains from the Accident -

Just wanted to share before I go.

For those of you that have written to be about my trading style - here is a clear indication of how it works in real time.

6am Eastern confirmation HOLD ALL SHORTS

Look at what happened from 12 Midnight to 6Am Eastern this morning - read the 7 rules right now and see which rule applies and trade it

If you sold the EUR - watch for 1.3100 to be taken out.

Remember...

Ignored

#632,852
Apr 25, 2012 7:59am Apr 25, 2012 7:59am