EurAnalysis

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hi good traders and friends!

currently i have a neutral bias on eur/usd strong bullish close on hourly tf at number 2920 is bullish and strong bearish close on hourly tf at 2920 is bearish

GL

Stop +148 pips on remaining 1/2..
Add short 1.2918.. 50 pips stop
Add stop sell 1.2898..

Waiting for downside acceleration..

so gino where do you get the custom made indicators?

theyre excel charts

on the web right?,what site

EURJPY 104.23 short stop @+98 pips..
102.98 short stop @+1 pips..
Add EURJPY short 102.63

Merry go south race gathering steam..

The EUR/USD pair fell on Friday as the markets were basically in a “risk off” mode. The Euro continues to represent a region that has a plethora of problems, and as a result there is always a bit of a “dark cloud” hanging over the currency. The Friday session saw the buyers step back in though, and as a result we had a hammer print for the session.

The 1.30 level above has been resistive and as a result this pair simply cannot hold the gains. Granted, I see the chart as having a slow upward bias, but I certainly wouldn’t be comfortable buying this pair at this point in time. The area above the 1.30 level is treacherous for the buyers, and I see this being the case all the way to the 1.35 level.

This resistance is based upon the descending triangle that formed back in February, and it looks as if the buyers are going to struggle to get the gains to hold. The recent lows have been getting higher, but only just. This looks as if it is a pair slowing grinding sideways, but there is a certain amount of “hopium” out there to keep supporting the attempts higher.

Europe….

The European Union continues to be a mess as far as finance is concerned. The debt crisis is still there, and the Spanish have decided that pride is more important than being bailed out. In fact, the Spanish PM was recently quoted as suggesting Spain didn’t need a bailout at all. With this in mind, we simply do not know when they will ask for the help they need. However, if they do the Euro will more than likely get a strong relief rally. However, this will eventually lead to easier monetary policy out of the ECB, and this will bring the value back down.
http://www.dailyforex.com/files/Oct29_eurusd_Chris.jpg
The previous candle was a shooting star, so it appears that we are simply going nowhere fast.

which way you guys trade the Frankenstorm ?

not trading at all. wait for real volume to return.

Does anyone have any thoughts about the rumors from Spain about their banks ?

Cable taking a crap. Euro should follow...

http://www.gorskys.com/wp-content/up...-excrement.jpg

Add GBPUSD short 1.6038..

sl so small no harm...just my 1 cent

rather, it's a balancing rally in eurgbp after the massive selloff we saw last week. Cable never leads euro. In fact, cable has no idea what it's doing ...fundamentally anyway...

Closed 1.2918 & 1.2898 EURUSD shorts
Closed 102.98 & 102.63 EURJPY shorts
for Hurricane Burger +Beers money (+8 & 6 pips)..

Cable 1.6088 &1.6038 shorts stop @+3
Downside accelerations temporarily on hold..
Zzzzz time..

I am super cool now a days.

There seems to be a double bottom on h1 and h4... based on would be wise to long here with a tight SL just below? Spain bank report supposedly out in an hour - could it possibly move what has otherwise been a stagnant day?

consequtive spinning bottoms on H4, some f@@kurs are buying :/

I'm currently looking to initiate a short position at 1.2878-1.2880 and planning to take partial profits at approximately 1.2840. SL can be moved to 1.2960 at the most (since the price is below the trend line I'm not really expecting the move up to that value before reaching 1.2840 actually).

What is your take on this from your point of view?



Any thoughts would be appreciated.

Thanks.