Got it!

EurAnalysis

Thank you Rekon. I'm still pretty new to all of this, especially with the technical side of things. This would make the 61.8% retraction at 1.292? Sorry guys for my lack of knowledge!

EurAnalysis

I'm thinking due to the lack of "hopium" our correction won't go any more than 38.2 at roughly 1.29. I personally have a hard time seeing it retrace back up to even the 50%. Could you guys tell me if I have drawn my Fibonacci correctly?

EurAnalysis

If only I was as smart as these Big Wigs! LOL

EurAnalysis

Enjoy your weekends everybody!

EurAnalysis

I completely agree with the statement above. 1) If they leave EZ - EUR falls 2) If they stay - EUR falls All we need to do now is find the right area to short and ride it down!

EurAnalysis

Yep! If it breaks this last support then what should we expect? A free fall of a few hundred pips? Possibly... I don't think it will, BUT, this past week has been pretty crazy to say the least.

EurAnalysis

I had a feeling it was going to break through this last support... Down she goes...

EurAnalysis

I might put in a few trades for 50-100 pips. But once we get to 1.295 - 1.305 I will more than likely be putting in more sell orders. The EUR is going to fall... I look at it like this from a fundamental point of view. If Greece leaves the Euro, the ...

EurAnalysis

Thanks Rekon. I noticed, it just hit 1.26547 on my platform! LOL I'm ready for this correction. Then we can take this bad boy all the way down!

EurAnalysis

And it's still going down.... Wow! I wonder what would happen if it dropped below 1.262 tonight? Do you think it would keep falling? Technicals don't mean squat right now!

EurAnalysis

Thank you for your insight PT. Talk to you tomorrow.

EurAnalysis

Hi PT, I remember yesterday you posting the chart with the Harmonic Pattern and it looks as though it did exactly what you projected. EUR is sitting nicely at 1.2735. What are your thoughts? Time for a small correction yet? LOL, I thought we were ...

EurAnalysis

Thanks BFSG for the charts. Tell me if I have this right: Support - 1.28 Resistance - 1.29 Is this more or less correct?

EurAnalysis

What are some of the best ways to know when the actual "correction" starts heading upwards? I feel there always has to be one, just a matter of when... This is something I tend to have a hard time with, reversals of a trend whether it be short term ...

EurAnalysis

Interesting. I personally don't know much about Harmonic Patterns. I will have to do some reading. I hope we don't get that low at this point... I would like to put in some shorts but I am hesitant to do so at this time. Thanks for sharing PT.

EurAnalysis

This is a live account. But I only trade 10k lots (mini lots / $1/pip) I just wish I knew where the bottom was with the EUR/USD as well as the AUD/USD... We are definitely in uncharted times! It's almost as if Technicals don't even matter in this ...

EurAnalysis

Gotcha! Well, most of my long term trading revolves around Moving Averages and I use a particular set of parameters to determine whether or not I enter a trade. Then, depending on which pair I am trading will determine what stop loss / take profit I ...

EurAnalysis

This month has been pretty good so far! Up about 1,200 Pips so far!

EurAnalysis

Thanks Rekon! I didn't quite understand correctly.

EurAnalysis