Really? Is that how it works? Ok...let's for the sake of argument say you're right. You're what - sitting in drawdown? Banking losses? Still trying to call a bottom? I see. So far on this movement I have banked 752 pips - profit already taken. If I ...

EURUSD

This is my point. The why doesn't really matter, does it? The fact is that the market is selling off....and it will continue to do so until it doesn't. And, I don't mean this as an attack on those that believe in fundies. Learn to exploit what the ...

EURUSD

My humble opinion - and some will disagree..... from the 4H and Daily, I see absolutely no reason to be loading up longs yet - that's simply trying to call a bottom. What you're looking for is invalidation of the current downtrend, and upward ...

EURUSD

Any long I take right now would be a ultra-brief small timeframe scalp. You've got a killer downward trend on the 4H with a flipping to the short side on the daily and weekly. If I start to see signs of downtrend invalidation of the 4H, I'll start ...

EURUSD

This is turning out quite nicely. Ok, for the continued downward scenario, I have 1st 1.4303, 2nd 1.4134, 3rd 1.3963, 4th 1.3870, 5th 1.3759, 6th 1.3602, 7th 1.3422.

EURUSD

It all depends on timeframe (at least it should to all here). I'm a dollar bull until the downtrend on the 4H is invalidated. Then I'm a euro bull. Until then I'll be counting my profit on my shorts, moving stops to lock in profit, and waiting to ...

EURUSD

Haven't updated the below yet, but the PA is still pretty much the same. Note that 1st and 2nd Downward scenarios have already been triggered. 3rd provided resistance. Watching for downtrend resumption or invalidation of downtrend on the 4H. Targets ...

EURUSD

Nice break of the 5M supporting trendline. Let's see if we can get this beast below the 4515 so we can get things rolling again on the 4H.

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Nope - you're not missing anything. Just dropped you a PM. On the 15M the support trendline is currently under attack....if it breaks, let's see where we go...

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Look at the 15M

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Hey gator...see where eu is currently having trouble?

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Or, the contrarian view....if the talking heads are saying that we won't see a hike until 2011, a much sooner than expected hike is likely.

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Feel free to tell me to stuff it - but why would you go long without PA displaying upward momentum? Anything below a weekly is indicating short. Without upward momentum, you are trying to pick a bottom....which is only probable once upward momentum ...

EURUSD

Good luck! I hope you can get to the BE point. Short term, we might see a retrace to around 4530 shortly, with a retrace to 4590 longer view.

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Breach of the 4H downward trendline around 4622 will be required to make it stick. Anything less than that is noise and retracement in what is currently a downtrend. And as I'm typing this...looks like we're going to see an assault on 4500.

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I've locked in some profit too. Zero risk on all shorts, some from 5100 level. Let's see if we can get this thing below 4474. Interesting ride will likely commence afterward.

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Opps. 35 pip fall in the past 30 minutes. If you're long and you're trading a timeframe less than the weeklys.......sorry and best of luck. Xaron - you're certainly not an idiot...you've got a firmer grasp of fundies than most - and you're trading a ...

EURUSD

Recent fall brings 1.4459 and 1.4295 in sight....

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Hi Jay

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LOL! Just remember there are no sure things, and to do your own analysis!

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