how's this for a short position. Trade lot size reduces from the top, equity trail EA (few pennies worth) behind the profit so free trading position. good place to augment shorts (again), or the trail is hit and out to early lunch.

EurAnalysis

stochastic crossed on the 12th but the rally was not impressive. Short covering or selling rallies outweighs the risk of pure long plays IMO.

EURUSD

lots of supply at these levels, would be cautious going long only if clears 2150 definitively

EURUSD

hourly close below 2106 will be re-boot to bear

Euro/Dollar

"fresh meat"

EURUSD

That ECB Nowotny interview could be read as "nothing we can do now, let them default"

EurAnalysis

bullish M15 close above recent res

Aussie Trading Room and Cartoons Gallery

to 10850 before any low risk short

Aussie Trading Room and Cartoons Gallery

...what he said

EurAnalysis

it'll be carnage when 2090 is cleared

EurAnalysis

the can has been kicked down the road....

EURUSD

this aussie sell-off has been on low volume - I wouldn't read a great deal into it. Personally adding to long positions now.

Aussie Trading Room and Cartoons Gallery

Should get chance to augment short position at 2215 before NYO

EurAnalysis

When I used to trade stocks a good rule of thumb which worked well was to buy when breaking new highs and sell new lows Makes a lot of sense

EurAnalysis

I'm sure I saw a black swan on my way to work this morning.....

EurAnalysis

can you use a jet to catch a falling knife?

EurAnalysis

yes typo, meant 2250

EurAnalysis

I think so. also, the retracements are of poor quality. also, on higher time frames the line goes from the top left of the screen to the bottom right! I'm shorting euro mainly through EURAUD though - a major trend and good swap.

EurAnalysis

2500 should be resistance now, also 50% of the down-move

EurAnalysis

you'll find that the best and most experienced traders use no indicators at all

EURUSD