EurAnalysis

i see that it broke through support in asian trading.
been waiting for this breakout since last week...also need to close h4 below this red trendline.

thanks,

G

Can someone quickly explain what BB and BS stands for ?

>>>>>>>>>>>>>>>> BB


http://data.whicdn.com/images/364756...3620_thumb.jpg

>>>>>>>>>>>>>>> BS


http://www.peoplejam.com/files/u1811/homer_s_brain.png

pound just went through support? Why not on the EU?

Bull $hit = BS. BB to me means Big Boys as in Central Banks and large funds that move the market.

Big Boys & Bullshit I'd assume

Good morning guys.
Looks like a pretty choppy day on the EU. Anticipation of major movers through the end of the week highlighted with the NFP's.

1.2876 is a clear breakout level. With a fresh speedbump at 2851 just below.
Under that is the 1.2816/1.2828 huge support area we need solid daily close underneath to keep this party train headed southbound.

To the topside We we still have strong resistance at the 1.2926/1.2960
beyond that is fresh strong resistance at 1.3047/1.3072

Lets see what the daily fix is in 20 min and make note of the NY roll. That will give us more levels to trade as the larger movers work themselves out.

Till then Im still placing MOST of my attention on the Aussie and kiwi pairs. They are at critical breakout/bounce levels on larger TF's and have been very worthy of attention.

On the fundy side. Positive data out of the US today has been absorbed and the market is digesting it. i wouldnt call it risk on as fears and worries of fiscal cliff issues in the US loom as well as spains ongoing debt drama.


Personally im still short the EU/AU/AJ/NZDU and AZD/NZD which are all in healthy profit. Watching carefully for signs of a sentiment driven reversals to flip or FA/TA for adding in and continuation.

Good luck my friends

Wulf

GBPUSD...i think it will get there...then bounce or just break through..

Thank you !

Pictures are understandable as euro movement today...

This H/S pattern on H1 is not going anywhere.



I'm going back to sleep. Wake me if it moves (either way)

When everybody sees it. It's not a secret anymore and won't take any effect at all

Hello! ive been paying attention to this thread and site for a while but now im a member(just signed up).I started off trading in about April. I believed the Euro was going down but im sure like many nooby traders i leveraged myself up to the eyeballs only to be wiped out just by the euro ranging. Unfortunately i made about $600 once using this strategy I have known for a while i need a strategy and that i need to keep to it, but that little finger of mine just couldn't help pressing sell as if im in Vegas.Its pretty crazy that i read all the "rules" and what i shouldnt do yet i kept on making the same mistakes. Today i see the 51 for dollar positive info and yet again my hand just sold sold sold, as if the forex market is going to vanish tommorow. Well thats it! the problem, i realize very poignantly now is not my initial trading decisions, the problem is physiological and i refuse to let it be a problem anymore! Had i used the strategy that was sitting in my head saying, LISTEN TO ME! i would already have alot of pips under the belt.Now im taking this seriously, i refuse to give in(even though ive lost about $400 over the last couple of months) i totally believe i can be a successful trader and with hard work and a mindfullness i know i can be a pro.Pip trader, your the man! what a dude you are! total respect for your input and i think your a gem for sharing your views, one question, i remember seeing a private jet picture you posted, was that a joke? of course i realize now that i must hunt pips, not $$$.Im in this for the long hall and i hope one day i can post and be of help as you are.

currently it is between bear and bull trend lines. Gotta love the money movers. BS.

Pt thoughts in direction with the ECB tonight. More and more I am looking long.

salt, I think you will find that even if two traders are given the exact same data, with the exact same rules of instructions, with the exact same money management criteria, they will still end up with different results.
It is all about personal psychology in the markets which determines the end results.

Van Rompuy paper points to EU summit pitfalls
From reuters.com
http://www.forexfactory.com/images/misc/news_quote.gif Banking supervision, the single market, a centralised euro zone budget, a single bank resolution fund, direct recapitalisation of banks from rescue funds and much stricter fiscal oversight. If there were any doubts about how complex a task the Europe Union faces to protect the euro and shore up its finances, the agenda for the EU summit on Oct. 18-19 should lay them to rest. In an 8-page document setting out the issues for discussion, Herman Van Rompuy, the president of the European Council, touches on just about everything controversial facing the bloc. But rather than offering specifics, the ...
http://www.forexfactory.com/news.php?do=news&id=387502

nothing new .. have to wait for tomorrow ...

PA today is more proof why I am going to change a few things.

1) US session sucks and is TOTAL BS 60% of the time. Not going to trade it as much.

2) Market in the US session is heavy manipulated that it almost defies logic that is the only thing I can think of that makes it so bad. WAY to much NOISE!

3) I almost rather trade Asian session with less volume.

4) While I get a return the US session simply is more frutration than it is worth.

Asia is just as bad... they have their own crooks that chase your stops... NY is bad and London is bad but get in during London/NY overlap and its usually OK