EURUSD

Bad Home sales number but we are still down. If those numbers were better, we would have fall for a lot. Still there is still a chance of Rate Cut in Europe so the other trader might sell the Euro for today. I think is better if we just wait at this point, getting into the Market too early is not wise.

E/U in demand zone now @ 32

Well definitely not me. I have no clue of what I am doing . Luckily for me, it works, so far.

Watch UJ, drops hard

edit: well, on 1 min chart, but anyway.

It will drop like a hot potato

They need to blame someone/something for the bad things they do!

They haven't thought of blaming themselves first, smart people rule the world !

Pipnography for Pip Pervs

Temporary drop...before the rise to 100

EJ wants its 130,50 back.

But i don't trade yen anymore....so i just watch the show

took one at 47 stop at 32, worth the risk..

Don't know neither what i do.

I just spit levels and gamble, sometimes it works, sometimes it doesn't

You mean above 100? Btw, heard theory it is only panic sell and has no fundamental cause, because money aint flowing to SME (small and medium enterprise), because noone wants to borrow more money. So it is only stuck in banking sector and wont result in inflation. Nevertheless, sell the foking Yen! . I keep on buying tops on UJ and taking profit on the road up. Currently holding @ 98,05. Position is loosing hard right now. Dont like it.

If hits 129.05 i'm long ( 38.2% retracement from uptrend - 126.42 - 130.668 )

Closed short in positive:

My trading journal:http://www.forexfactory.com/showthre...265915&page=14

EUR/USD rebound limited to 1.3040 after EMU and US data

The EUR/USD was able to find support at 1.3016 low at its down move on the New York opening after the release of US Chicago Fed data and ahead of EMU confidence and US existing home sales. The rebound reached 1.3040 after the publication of an upside surprise for the Eurozone and a disappointing US housing figure.

The preliminary release of consumer confidence in April rose from -23.50 to -23.30 instead of falling further to -23.85. Data is at its lowest level since July 2012, -21.5. Instead of improving to 5.01M in March, US existing home sales fell from 4.95M to 4.92M, disappointing analysts. February data was revised lower from 4.98M to 4.95. US Chicago Fed National Activity Index fell from 0.76 to -0.23 in March. The February figure was revised higher from 0.44. Consumer confidence in the EMU is expected to drop from -23.50 to -23.85 in April.

FXstreet.com independent analyst Valeria Bednarik adds ECB’s Constancio comments regarding a possible rate cut from ECB next month as a downside pressure for the EUR/USD today, forcing a move towards 1.3000. “The hourly chart shows price well below 20 SMA while indicators head south below their midlines. In the 4 hours chart technical readings are also bearish, with momentum crossing the 100 level and RSI accelerating below 50”, she wrote, adding that a break of 1.3000 should trigger stops and favor a stronger slide in the pair, with 1.2935 then at sight for today.

I don't put much emphasis on the US home sales numbers. The weather over much of the US this year has been much colder and stormy than last year at this time. When things warm up a little the home sales should take off.

Yes above 100

Thanks for the explanation...i love your explanations!

And no worries, look at the way they bought 99...volume grew up fast down there.

UJ long 99,15

edit: Yep, love that m5 candle.

i think a usdjpy buy seems valid now at 99.08 with 98.38 stop, maybe target 104.19 (ambitious) or just 100.

Please follow your plan, just shared mine.

hahaha nope art is crap,

but yes they are there if you looking for them and they are very tradable,

but there is a specific trade plan for them, H&S Babypips.com

even if you dont trade them it is wise to understand them how & why they actually form and what they mean, cause generally they are indication trend is running out of steam and the opposition is gaining strength, something every trader should take notice of

more crap artwork I think you might find lots of people who dont watch out for pattern have been trying to buy into this pattern since mid january this year

I am pb and trail gold trades, internet is playing up, 2 35am bedtime

Chart Levels