EURUSD

FF community's bias 100% proven crystal ball just do the opposite
Ps: Don't do it when the poster is 10V+ he may be right though!

clear Down trend......

he change his mind 100x times than my gf , i'm not safe no one is SAFE !!

Mate, you should of taken you're profit yesterday and then switched to short on any retrace. Weren't you up about 7 grand ?

we just had a fking discussion about gambling and you are prime example.
You just upset me.Its your money but learn to trade 1st!

ok, so I'm sorry

i was, i haven't slept for 2 days now almost did wrong stuff and there you go

Why must you be so critical about how one trades his account? What does it matter. If he is wagering on tilt then let him. In no way shape or form should it get you upset. Yet, if he was shorting eur/jpy he would be in the money big time right now! EJ is dropping and eur/usd is going up. weird-yah

Yeah all these fancy tools are to make your decision correct, at least 51% of the time.

..Anyway, who knows what is up with the Yen?

Yen strengthening,

see USDJPY correlation

if it goes at 1.3420 i'm minus -9000$ if that i'm back to good ol' news trading only

Good morning!





Just took some small partial profits @ 1.34040 ...

09h06 CET

+ 31 pips profit ...






;-|

OUT Don't like the way PA is behaving

with you from 3390

because losing money specially whole account is painful.As a human being I said what needed to be said.

eur/jpy 100 point drop in 14 mins. WHOAAAAAAAAAA

beautiful isnt it bro,,

yep 51% in your favor is enought to survive

Well, taking in the spread of course, if you want to get technical

Anyway, yeah pretty much hedged across all the charts,

using carry trading to profit currently buying dips on the AUDUSD

EURJPY broke 124 eyeing 123.2

Good morning all,

here's my update view on the Euro FX currency futures (4-hour chart). I have also recorded a video to explain yesterday's PA.

http://www.forexfactory.com/attachme...1&d=1360310765

The Euro traded the 1.3580 area of resistance and short entry on the daily chart bringing price down into it's first target area at 1.3410.

That 4-hour daily short played breaking the weekly extension long. Price could now continue in extensions (in the 4-hour chart) into the 1.3200 area of support, my preferred scenario.

In my last analysis and video, I considered fascinating that two programs have been trading one against the other in yesterday's market session. The first program on the weekly timeframe offering support at the 1.3460 area (participation was confirmed on Tuesday, at this level, so it was valid); and the second program, on the daily timeframe, opposing resistance at the 1.3580 area (Tuesday evening and Wednesday morning) which then broke the weekly setup. As the program on the larger timeframe usually wins I overlooked the possibility of the program on the smaller timeframe to be ablet to break longs. Yesterday the bears won the battle and the 1.3580 resistance hit its first target area at 1.3410.

We now have a closer level of support at 1.3360 which I don’t fully trust and I will not consider as a potential area where price could turn around. The next important support area and long entry, if confirmed, is down around 1.3200 and it is originated on the daily timeframe. The other area of support, originated on the weekly timeframe, is at around 1.2900.

On the 4-hour chart the market is moving lower in extension measured moves with resistances at 1.3430 and 1.3410-15 at the moment. The lower resistance at 1.3415 has traded during the Asian session and may trade again during the EU morning. Above 1.3451 price can test the short resistance areas (see below) and come back down again. If the sequence of measured moves lower continues and then interrupts around 1.3200 I will consider that as the next support area for a continuation higher.

The following 2 scenarios are possible:

Scenario 1. Price is trading the next extension short in the 1.3410-15 area with targets below at 1.3360 and then 1.3325-30. If this scenario plays out we could see a continuation with a small bounce in the 1.3270 region and then a move into 1.3200.

Scenario 2. Above 1.3451 there is the potential to rally into 1.3480 and 1.3540 resistance levels. Notice that the move lower into 1.3200 could resume from these levels. Above 1.3590 we confirm the loose support in the 1.3360 area.

Glad to hear your comments.

Trade safe.