EURUSD

65, 76 and 100 pips in green

But I want way more!

Failed to break the 2620 area twice now. Still believe we head higher. Will be looking for a long on signs of strength in the 2500 area.

we head higher? how higher? 1.40

crazy kid.

dangerous territority.

1.25.00 has not been tested yet. but won surprise me we it soon hit.

Retrace, not a reversal. How high? I'll figure out some possible targets later. A long in that area will mean a small stop loss. So if I'm wrong, that's fine. 5 bucks says I'm not though.

i wont help but have a mighty laugh at those of you who are playing on dangerous long,when this lady suddenly drops to 1.25xxx and possibly below...cheers

[quote=neutral;5706150]Failed to break the 2620 area twice now. Still believe we head higher. Will be looking for a long on signs of strength in the 2500 area.[/qu

2620 has been broken long time ago.

new hrly just close well below 1.2533..and am short no 9 at 1.2533...lets see how she plays out..cheers

What does "no 9" mean?

[quote=Trader2000;5706188] I got a feeling.

Looks like we have the same numbers
But as far as i can see it seems it's being bought, but i'm looking at a dip inside near 1,2500

http://forex-chartanalysis.blogspot.de/

2500 area was tough one in the past .... will be trickie... but imho 1.18 will be possible this year : p

Yea Indeed, tough one!!!!!!!!

I already told today, the bias is still bearish. However, in light of recent news, we might get a bit bullish.

London tomorrow will tell everything. Asian markets will get the tone tonight, and London will set in the facts. We're in 0 land, people, eyes peeled on 1.25 key. We might see it break, we might see it get some respect.

However, I'm still sorry for the unlucky bastards who tried telling me today to get long. Their call, their account.

LE : All I can say is that I bet on my balls that my bias is bearish. Natural born killer, that is.

it means the 9th short position that i have opened for the day and my 1st target is 1.2504..cheers

[quote=Trader2000;5706188] No it's held. Any attempt to push through and hold above that level has failed.

We obviously have different ways of looking at the markets, which is fine. Maybe I should have started those statements with the phrase "I believe", I assumed that the statement "I believe" is implied in most anything anyone says about regarding future prognostication in the market. I'm wrong a lot.

Yesterday I happened to have a great deal of conviction in what I believed was likely to happen, and that conviction obviously spilled over into my tone. It was nice to see it work out just about as I was expecting. That usually doesn't happen.

As far as why I believed such things and how I drew such conclusions... well, it's beyond the scope of this particular forum communication for the most part because I don't feel like making a laundry list, but essentially, I assumed that the 2600-2625 level had experienced quite a bit of selling the last couple of days (as evidenced by the markets continual downturn from that zone the last few days of last week), and since many traders place their stops above/below previous recent highs/lows...

I figured 2 days of selling, with friday failing to break the thursday highs = thursday high stops + friday high stops = lots of stop.
Combine that with a low liquidity holiday and you have fewer participants would mean there is a lot of value between 2600-2625 for a larger player to take a large position short without much slippage.

And I think we all agree that the eur/usd short is the way to go.

This was not the only element in my decision, but it was probably the single biggest factor of several. All of which were adding up to about the same thing: A move up to 2600-2625 before a chance at a gap fill.

By the way, at this point right now, I have no idea what will happen next. Down, I would assume. Maybe up first. I have no damn clue. So I'm unlikely to post such enthusiastic tirades of prognostication today.

Anyway, I've given you at least 1 reason why I was posting such. Maybe it would not have been compelling enough for you to justify my previous posting, but it was good enough for me. If you find a flaw in my logic, point it out to me, and I'll address that.

And maybe I spoke a bit quickly on the whole bully thing. You say you don't feel a sense of intellectual elitism, and for now I'll take you at your word. I obviously didn't feel my posts justified such snarky commentary, but I didn't know where you were coming from. Now I have a better idea, and I see it wasn't purely for the sake of agitation. I'm content to leave it at that for now. I hope you are too... because I doubt either of us is here to beat dead horses.

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