yep... I probably will be long next week. The weekly chart shows two inside candles of the Qe3 week. and the bottom of that candle is basically this level. Does it mean anything? Who knows but I know this. That is soft bearish IMO. HUGE news coming ...

EurAnalysis

I would not be surprised. Next week though is a new month and week. Don't read much into a last day bearish move.

EurAnalysis

US market looked and tapped the London low went up and failed the neck line of 40 and that is simply basic testing to make a move on a heavy volume day. Especially when general trend is down and you are very high. WAY to easy a trade. When I saw PA ...

EurAnalysis

yep... not about news. Like my post yesterday. has nothing to do with news.

EurAnalysis

nothing.... Just tooooo easy a trade once it found a top to go back with the general trend. Everybody jumps on that. the market loves underwear.

EurAnalysis

LOL

EurAnalysis

For anyone that cares. My first focus is usually like many long term traders is. What areas will the market have enough room to run one way or another. What levels from the week or previous days provides best support and resistance to scalp during ...

EurAnalysis

Lets's think. Last day of the month on a current down trend. Day before it pops up like crazy. uhh hmm I wonder if it might go back down? LOL My concern was the 900-890 for a bounce and it ran right through it. Was it good news? LOL No! simply the ...

EurAnalysis

It was simply stop hunting. A two day low is the reason for stop hunting which also tells you that is a buy level.

EurAnalysis

If it bounces off 900 and especially the 890 area this thing is going up. Very interesting levels. 1.3 is .5 and the tops are .618 and .75

EurAnalysis

So next week. HEAVY week on news. What do you think the market reaction will be leading up to the EUR bid rate. Anyone think the sentiment of the market will change in the sense of it moving long before that happens to retest?

EurAnalysis

Not really ready to say long either. Want to see the PA from Asia and see if it ranges or makes a actual move. If nothing much and then London open. Will see which way it wants to bounce. Def not going to take the first move.

EurAnalysis

Sucky news for the US economy and the Dollar moved up to 90 and then down a bit to the 60 level and slowly moved down. Finally hit 50 with a bounce up then the news conference started. Some really sharp shots on buys NOT to break the trend came in ...

EurAnalysis

News matters but only within the time the market wants to react to it if at all. Alot of times the market is looking for a number to hit before it reacts to the news. I think they like making the market technical. Classic dump and then pump. News ...

EurAnalysis

lol

EurAnalysis

what a good day on the FX front. Just had a feeling you could not ignore it all and just go down and never even attack 1.29 after such pathetic news. Typical go for a number and everyone and their mom jumps on it and it rcokets up. Well I got 63 out ...

EurAnalysis

So is it going to go down or just keep that as a bottom?

EurAnalysis

out with 5 pips profit at 2/3 normal trade... Market clearly wanted to touch bottom again no matter the news conference or US news.

EurAnalysis

I added @ 50.

EurAnalysis

Waiting ona country and their budget. lol what do you expect on that. LOL

EurAnalysis