EURUSD

See where price is at right now. Then glance to the left and see that red candle low on 11-09 @ around 1.2727. What was once support, is now resistance type thing.

We'll if you are right and that support has turned into resistance, didn't you just buy into resistance? Not trying to be a smart @$$, just trying to understand your logic...

Yes. With a very tight sl. If I'm wrong, my sl is 8 pips. My tp is 32 pips. R:R 1:4

This hour is important if candle close above 1.2730 (Pivot) then next TP is 1.2765

When seeing at this perceptive, its looks like ascending triangle. No wonder its buy...

Yes. I agree. I'm kind of nervous as far as the next hour goes. One chart of mine is showing it heading south. Good target area you got there.

ok who is PA today .... hahaha

GMT

from: RANsquawk ASIA-PACIFIC MID SESSION UPDATE - 12/11/12
The Japanese economy has sank into contraction; shrinking by an annual rate of 3.5% in Q3 and contracting at its sharpest rate for more
than a year with expectations that Japanese GDP in Q4 will also be in negative territory which would be classed as a technical recession.
The Japanese economy has fallen victim to a number of factors, with some being outside its control and others being entirely self inflicted.
Firstly their Export based economy has suffered due to the economic slowdown as investment and expenditure take a back seat to deleveraging.
Secondly Japanese consumer technology companies have failed to innovate, falling by the wayside as their competitors forge ahead.
The purchase of disputed islands in the East China Sea has also dented exports as anti-Japanese sentiment grew in China with consumers refusing
to purchase Japanese goods. Lastly the country has also had a persistently strong JPY which has made its exports less attractive.
In the Nikkei 225 we have traded lower by 0.7% with one of the stand out laggards being Sony (-1.7%) after a downgrade from Moody’s to
one notch above junk, with James bond failing to save the day despite ‘Skyfall’ posting a franchise-record USD 87.8mln in weekend ticket sales
in the US and Canada. Also in the equity space we have had HTC trade higher by 7% as they reached a global settlement with Apple that includes
the dismissal of all current lawsuits and a 10yr license agreement Meanwhile in Australia, QBE insurance has taken a blow (-7%) after announcing
preliminary losses due to hurricane Sandy. Elsewhere, in the FX market we have once again seen the CNY hit its 1% limit to the upside,
trading at 6.2291, marking a 19 year high and consequently seeing AUD, a proxy for Chinese economic performance benefit from CNY strength,
breaking through the 1.0400 level. Also from China we received their export numbers over the weekend which showed the worlds second largest
economy had posted a better than expected surplus and much better than expected exports in the month of October.
On a footnote we have had the Greeks pass their 2013 budget vote and heard from Moody’s who said they would not downgrade the US in the
event of the fiscal cliff. Looking forward Indian Industrial Production is due at 05:30 GMT and the reaction of European participants to the passing
of Greece’s 2013 budget should become evident in the next few hours.

Happy piping

this week is going to be a hard week for trading. it seems that 200ma on D1 time frame and a cluster of fibo retracment+ fibo (ABCD) extension is broken but specially about 200ma break there is high chance of pulling back and daily candles can show this challenge by long shadows.



according to volume there is still chance of revresing and at least a little pulling back to recent broken TL or even higher to 29xx

for a set of price levels please download :

So much non-movement...

http://www.reactionface.info/sites/d...6177738396.jpg

Boring!

U.S holiday I guess

Yeah!

You're obviously in banking, hehe

No.

mornin,
needs to play and break 2716 and then foook all the bulls around the globe. Even the ones from Čičagoo.

hmmm.... little bit of demand coming in...

Yeah, KillerWhale did a trade and the market moved

lol

is everyone here think it will going up??? I still confidence with my shirt position, I think the bear still win the fighting... Maybe up for open ranging but still goes down for another down wave...