EURUSD

It happens usually. Retest bottom or new low, then bounce up.

Forming new low and bounce up will be good for long entry.

The bottom will be somewhere around 1300+ pips lower from now within the next year or two. Just think of that and trade accordingly

Yeah It can certainly bounce back up from here. Not interested either way. Will watch volume/activity and look for momentum to get overbought on 15m-1hr time frames and then look for more short set ups.

will i do remember long time ago cable went down 1200p in one day and the next day i dont know how many pips down

over all if we are in a bear market we have to watch our botts

for the road

u can see how far we can go down in this chart

we might bounce but till bear might be wrong

Bottomless

1.1460 or above in NY.

Chance to correct from oversold.

what a ride boys....

1. USDJPY 117.00 (USD 334m) 118.00 (USD 2.3bln) 118.25 (USD 749m) 119.00 (USD 565m)
2. EURUSD 1.1400 (EUR 1bln) 1.1450 (EUR 740m) 1.1500 (EUR 1bln) 1.1550 (EUR 2.2bln) 1.1600 (EUR 1.1bln 1.1650 (EUR 822m) 1.1700 (EUR 1.45bln)
3. GBPUSD 1.5250 (GBP 350m)
4. USDCAD none
5. AUDUSD 0.7900 (AUD 456m)
6. NZDUSD 0.7500 (NZD 500m)
7. EURGBP 0.7500 (EUR 660m) 0.7600 (EUR 270m)

Above are option expiries NY 10 AM. .

Source : Forexlive.

Would love to see 1.144 but I don't think that's happening. I'm looking for a small jump here and then new lows later on.

Your chart looks clean boss, what indie is that?

im sorry to hear about the need to earn money for medical treatment being the driver for you to look into FX for fast money, but a little bit of reality is that you cannot play with the FX markets thinking you can double or triple your investment in an hour or a day....
manage your expectations.
Forex is a multi trillion dollar industry, theres plenty of money to be made but patience is what most traders here have to learn.

just like me i've set my rules never to enter counter trend trades (ie. knowingly that EURO is going down and USD going up, i will never try to catch a falling knife or enter longs). so even if i want to short, i "wait" for the pullbacks to enter shorts again, i wont Long the pull backs.

I have the same method of never entering counter trend, at least in 95%+ of trades. Especially if markets are trending strongly, what's the point of going against strong trends? Highest probability set ups are indeed trading along with strong trending markets. At least that's what I've learned in my experience over the past 4 years.

thanks its camarilla weekly levels

u can find it at the grave yard

http://www.forexfactory.com/showthread.php?t=246111

one for the road

monthly eu in this chart it looks that we might bounce but sl is too far around 100000

in a bear market tooo risky for walking the dog with a short leash is cool

by the way eu loves the 23.6 fib so keep an eye on it

one more thingy i might be wrong market is so risky loop well befor trading

Still short from 1.3800 with a target of 0.0000

So much reading for the weekend ... Cheers boss

i did post this in 2010 enjoy

Read with me
Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming.
Buy the first pullback from a new high. Sell the first pullback from a new low. There’s always a crowd that missed the first boat.
Buy at support, sell at resistance. Everyone sees the same thing and they’re all just waiting to jump in the pool.
Short rallies not sell-offs. When markets drop, shorts finally turn a profit and get ready to cover.
Don’t buy up into a major moving average or sell down into one. See #3.
Don’t chase momentum if you can’t find the exit. Assume the market will reverse the minute you get in. If it’s a long way to the door, you’re in big trouble.
Exhaustion gaps get filled. Breakaway and continuation gaps don’t. The old traders’ wisdom is a lie. Trade in the direction of gap support whenever you can.
Trends test the point of least support/resistance. Enter here even if it hurts.
Trade with the TICK not against it. Don’t be a hero. Go with the money flow.
If you have to look, it isn’t there. Forget your college degree, trust the money flow.
Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.
The trend is your friend in the last hour. As volume cranks up at 3:00PM don’t expect anyone to change the channel.
Avoid buying at the open except when the Market falls before the open. They see YOU coming sucker.
1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.
Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers come to the rescue above it.
Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.
Big volumes kill moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.
Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.
Bottoms take longer to form than tops. Greed acts more quickly than fear and causes stocks to drop from their own weight.
Beat the crowd in and out the door. You have to take their money before they take yours, period

one more thingy read all of sisse posts and keep an eye on gator posts too enjoy the ride

Looks like 2010 low is the ceiling.

Negative euro data today may change all that.

Yeah. Its a 58% chance negative data will make it go lower, and 42% chance negative data will make it go higher. Then the question is "How much?". Circa 100 pip i think. Quite probably it will do both though. Maybe not for 100, maybe just 70. Or 50. Not not. Or yes. Yes yes. No yes?

Think i will stick to PA and not bother my pretty head with the fundies. That shit will just make my head spin like a bottle of rum and a hard punch to the jaw.