Update Oil, Gold, DJI losing steam Entered short @1.2763 just under [email protected] T1 @1.2634 (daily pivot) Stop loss @1.2775 in case of a new R2 test As always..just my 2 cents...

EURUSD

Awaiting the "hourly...print high push" which will give me indication of a new short entry...

EURUSD

DJI opens higher as expected..but not spectacular..yet.. Gold and Oil struggling to break the daily pivots I'm on hold for now, if OIl and Gold fail to break those and DJI cant sustain upwards momentum..I choose to go for short entry instead of a ...

EURUSD

Out of this trade with tiny profit.. DJI open and follow up will give me more directions, to risky to re-enter now IMO

EURUSD

Down she goes...take partial profits @1.2634 (Daily pivot) lets see if she can reach it before DJI opens for renewed entries... Just my 2 cents...

EURUSD

Correct Ed, I would hedge a position if what I consider to be a false break out proves to pick up steam and sustain a longer momentum...beware never chase..you'll end up on the wrong side.. To be honest, I hardly ever hedge nor do I use a stop loss ...

EURUSD

Don't know Andy, I'm using 6 digits MT4 platform which is very accurate Bit early with my short entry @1.27 but holding since I have no faith it will break out much higher. If proven wrong.. My strategy will be to hedge the breakout only if it ...

EURUSD

Correct high so far is 1.27407

EURUSD

Just entered short @1.2700 Cant see it break out much higher today As always..just my 2 cents... Important edit: Having said the above...if the DJI opens strong and continues to rise there is a strong possibility we can see another break of 1.27 ...

EURUSD

Hi Ed, good questions Besides the normal correlations between currencies, EUR / USD is mainly driven by where investor money flows... More investment flow in Oil and Gold...gives a weaker USD More investment flow in DJI stocks...gives a weaker USD ...

EURUSD

..maybe you shouldn't have slept in today Ed...and you'd be able to catch the early rally today from 1.258 towards 1.267...(just kidding Ed) Might be boring..or not..DJI can give us a nice surprise Be careful with longs...I will be on the lookout ...

EURUSD

DAX, Oil and Gold holding strong in European session Expect ranging between Pivot @1.2634 and R1 @ 1.26855 till USA session. DJI expected to open higher, which may push EUR initially trough 1.26855 before we see main down trend continue. As ...

EURUSD

I don't see any fundamentals supporting and upwards break above 1.27 currently, not even sure if we will reach 1.26855 today. Remember we talking a retrace, downside pressure still there as the main trend still down. Be very careful with longs, ...

EURUSD

Since I'm to occupied trading I cant provide a full analysis like in the past and its to time consuming to each time need to defend them. Yesterday fake bullish break out occurred and Target 1.2573 been hit this morning. Today: No major news. ...

EURUSD

I just love it when a plan comes together....

EURUSD

I tell you honestly...do NOT worry about taking profit to early..set your target and don't worry about "I could have made"..that's where a lot of traders lose money in my experience.. If you confident after taking first profit there is more to ...

EURUSD

Agreed..but that was the opening drop...if 8300 breaks..we can go down rapidly towards 7600 range (before city bailout breakout) As always..just my 2 cents..

EURUSD

Update DJI about to collapse, till 5pm London close I expect ranging between 1.26 and 1.265. Target: 1.2573 and possible lower depending how strong support will proof to be. Watch out for bullish break out (fake push) above 1.265 As always..just my ...

EURUSD

To early to call IMO We have a data heavy week ahead, with ECB on Thursday expected to implement another rate cut... If we break lower resistance at 1.264 it might be a while before we see 1.27 at all again... USA session will tell more with ISM PMI ...

EURUSD

Good morning Downside pressure to remain on Eur DAX lower, Oil lower, Gold lower Possible bullish break out before USA session open towards 1.2705 Likely to test lower resistance @1.264, if breaks T1 is support @1.2573 Currently looking at short ...

EURUSD