EURUSD

6 hours in. Still not bored. Need popcorn.

Hi FX ,with the greatest respect ,if you knew the weather would cause bad nfp why did you think better nfp ? I'm not having a go, I know your young ,wish I knew so much at your age

Come on, keep on shorting on the bullish market...

Couple of H then will start my plan
Still in none trading time For Me

Anxious to buy EUR/USD but as soon as I do the price will go down to Fridays support level, so I'll take my chances and wait for a discount.

The moment he told a follower to shut up and just follow I knew his trade was doomed, because he is now married to his bias and failed to recognise the short term trend changing, a trait I USE to have... now I trade what I see..if the big boys are shorting I am shorting because lord knows they have far more information and influence than little ol'me, we are only voyeurs in this Game of Thrones called forex or nonreportables which is bestowed on us by the COT ...

Hey, I hear a lot about price tending to "fill the gap" not long after there's a gap up/down opening. Is that generally true?

4 hour Full Stochastic is bearish, so waiting for better E/U buy signals.

http://marketfinder.zz.mu/images/Fut....2015%20H4.PNG

I agree sometimes you can paint yourself into corner , and were followers

EURUSD
Trading plan Part II
Fundamental:
We could write a Dissertation making the case for stronger Dollar and another one for it's weakness but instead let's keep it simple and to the point. I said last week that US data would give us a hint on possible continuation of this correction, we have it now, yes it can be argued that seasonal factors should be discounted off NFP numbers, however the figures are quite low even when you look at wage growth and stable unemployment rate, while this is not as influential as Monetary policy divergence it might at least fuel a more meaningful correction.
On the other side, EU's problems start to re-emerge with Greece's default and exit being on the table, this is particularly serious because if Greece let's say doesn't secure it's bailout, that will send the markets into absolute madness I think, specially with low liquidity, it is likely to produce some violent swings as we seen a couple of weeks ago. So it looks more like a question of getting the timings right and aligning a few levels that might be in play.

Technical:
Price is above MPP, MR1 stands at 1.1159, 1.27 Extension D1 of what looks like a compound ABCD Retracement Daily chart, that in theory would at least have a pause at 1.1300, if you have a look at Weekly chart you will see that 23.6 Ret is in the same area, so there is confluence and it makes sense to think that price might go there but it doesn't have to be this week (you can compare speed of AB and CD legs to figure out roughly how long it will take), on the other hand if you look at new Weekly pivots you will see that WR1 is not far from .618 Minor extension ABCD D1 at 1.1070, the new WPP stands at 1.0850 and currently .382 Fib support H4.
If price goes first to WR1 vicinity the R:R for short is not bad and that will generate WPP + .5 Ret H4 confluence for a long trade (in Blue). If it happens the other way around it's still good for long, as EUR usually completes harmonic targets, at least minor extension (in white), I am not saying this a perfect world of course but the probability is there.
Warning signs that the market might be changing: If next move down is retracement, then it should be slow and choppy, you don't want to see big bear candles, also closing below WPP 1.0850 will indicate that bears are gaining ground, and ultimately moves below MPP .
I will try to update later as we go along.
Check out for Greece's commitments timetable and manage your trades accordingly.
H4 and D1 attached.

Now, this is almost perfect target for me. Well done

1020 -0960 want close above or under one of this point or 4h close
to get clear view for next move will b up or down
it's not enough to know the direction need pick up entry point and can hunt swing trade

closed L, waiting for gap fill sometime later to resume L

Short it at 1.1016 with 20 pip sl and 30 pip profit

1020/25 will offer resistance for closing the gap.

Made some money in longs for my dinner, will now short for my tomorrow meal.

r1 i mean

Done

Not just for tomorrow meal. At least for a week now. closed.