EURUSD

Bouncing off 30m BB again (and 5m) which is also 85, a tough level to crack

I'm watching 2404 and I'll probably get out, but unless this is a fake out its turning bear again

I'm still maintain my target 2210 )

I have a very similar count looking for a 3rd wave C pattern to the downside and then a very powerful move up for a count of 5. Well will see. Hard to make money in the B's 2's and 4 patterns isnt it. Good Luck from a fellow waver.

I agree

I can see as low as 1.23 or 1.2315 if 1.2340 goes.

But 2385 is being tough...

there she goes

rising trendline just below 85 being tested

edit: failing miserably

went long to cover @ 75 but closed for BE

my take profit was hit. i'm done for the night fellas. Good Luck fellas

http://img.photobucket.com/albums/v6...at113932PM.png

seems falling down for it's 12330/50 level soon. London should give the clear direction.


indices sure is a good place to short yesterday before it's closing.

nooo just as support breaks.

kiddin, good night and nice trade

Short GU and EU

http://www.ft.com/cms/s/0/72cb56b8-d...#axzz22w0i6F1s

http://online.wsj.com/article/SB1000...googlenews_wsj

Hi Max
what's you view for today? I always follow your analisys with close attention.

77 should be resistance now.

Yes I also entered short on gu

unfortunately i got stopped out 1.56

it is,1.2340 in sight.

Morning All.

I woke up 5 mins after drop off... hate it;/

thanks buddy

It's got very difficult this week to be clear on direction, we have thin volumes and random statements hitting the news matched in with poor data across the board.....

normally I don't pay much attention to that stuff but.....

look at the EU daily chart 1 - it has made an ABC correction of the swing 1.274x to 1.204x but despite trying hard this week the correction has fallen short of the target zone 1.245x to 1.254x which is unusual

and whilst it appears to be a simple failure to hit target with the things mentioned above it could easily revert straight back up to target zone at any time.

So where am I? - short it the answer for the time being and with more confidence if we can get below 1.23 and less confidence over 1.24

Where are we going? - I don't like to make large predictions into the future I work only with recent data wherever possible...

So if this correction is over I look to the next data set for a heads up.. in this case I look at the next larger swing (chart 2) which was 1.338x to 1.204x and I start to build the correction for that swing and I see that our recent high is a candidate for the first wave A...

therefore I am now looking for a pullback to make wave B that does not breach the low 1.204x before a rise back towards 1.25xx to 1.28xx

but a breach of 1.204x invalidates that and I will be looking lower then...

I hope that is not too confusing..... and it would be nice to get some clearer direction today. not surprisingly cable is in the same situation but has made a move lower today below the hourly TL so that helps with my shorts confidence for now.

Short at 76 with a tight stop, trying to add on a little more.