market maybe going to resistance then running up.

EurAnalysis

bad report... good reason to take it up to drop it later. Up we go...

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yep... which is why the markey usually like to back off a bit and then make a run at resistance. Which is why no matter the news I think it will go up and test whatever level and then try and break 1.29 but then again who knows.

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I think the market likes to make money and nothing better than up to retest 50 pips or so and then newer low. IT is all about the money.

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good resistance for a up to test 1.3-1.325 area and then back down again. Seems the market is chopping down but with built up momentum for short.

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PT do you think we will see another up then back down like yesterday or just down down down?

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nothing better than waking up to a 30 pip trailing SL running from 72 down to 1.2940 nice. PT good call.

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Oh I was not suggesting that was when the pricing came in. I totally agree with you on everything you said. My point is of WHEN QE3 was announced what price it was. Markets tend to react to price in relation to when news was released. My point is ...

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short currently myself. Would be nice. As long as the market has large movements I don't care really. I like a lot of market movement in patterns. As a scalper it is much more profitable. Today was a very easy day.

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So are you thinking a slow chop down? Which is more likely a restest of the top or a continued move down to pre QE3 levels. I am a scalper so in part I am very tunnel vision to mostly previous day movement with knowledge of long term trends to be ...

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PT...I know you are dancing after that. lol I will say this though it seems it is ALWAYS something else besides the normal outlook a lot of times that pushes the market.

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I think it could go back down and test 1.30

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Thanks!!

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you very well could have two 4hr bars that are equal.

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1.3 a awfully good place to start a run again to retest the top. Especially it being the middle of the week and we have tons of news today all the way until tomorrow. Which this could be the bottom of a up trend or simply to make a large double top.

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Still thanks for bringing it to the thread.

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congrats PT 1.2990 was a good prediction.

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WOW the open is smacking the 1.3 pretty hard. I agree. I think it will go up but the response to good or bad news will show us all we need to know about trend and mentality of the market.

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it is usually easier to retrace than stomp new ground usuallly unless you have motivation which is why markets range more than trend but trend is relative to time frame you are looking at. So tech I would say 1.25 BUT I think who is elected could ...

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Well yesterday I asked if between 1.300-25 before the news what would be you opinion with Good Bad or mixed news. I think really good news we will touch 1.2960 areas possibly. Bad news we will def hit the London high and possibly range and make a ...

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