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- Shadowfx replied Jul 23, 2008
Yes they do work in commodities... I'm pleased to see that some of you starting to look more and more at a total economical picture and base your decisions and trades upon..
Mark my words..the more you understand the larger picture of the ...EURUSD
- Shadowfx replied Jul 23, 2008
One simple word...Market Sentiment... I'm a technical trader, but I never ignore fundamentals & key news. Imo Charts with all TL, Fibo, Gann, Indicators....etc are a great TOOL..I use them myself..but its an assistant in trading and can NOT predict ...
EURUSD
- Shadowfx replied Jul 23, 2008
Morning all, Love it when a plan comes together....
Bears stay in play imo today, small retrace possible during London session.. OIL still at dangerous low level 128$ for more downside breakout, DJI still at high breakout level towards 11800... ...EURUSD
- Shadowfx replied Jul 22, 2008
No disrespect...but I think you should reconsider trading if you really think today was about "good storm news and oil falling".... If you want to be successful in Forex proper due diligence is the key to your success...
EURUSD
- Shadowfx replied Jul 22, 2008
Oil is a monthly future...CLQ8..if you use MT4... Tip...try a smaller font next time...

EURUSD
- Shadowfx replied Jul 22, 2008
... Looks dust is settling a bit...closed some more partial profits, still some shorts open...for later..
Gonna take a short break, nice drink, dip in the pool...

EURUSD
- Shadowfx replied Jul 22, 2008
Sorry Russel, yes you are absolutely right...when I said (former) weekly trendline...I agree 100% that's still bullish (long term) and we have a long way to go in order to break and get a long term trend reversal.
EURUSD
- Shadowfx replied Jul 22, 2008
125.7$ S3 for Oil...last stop...all aboard...
If it breaks that support and we get a cascade effect of SL's coming in like the 15th July....expect EUR to go K.O... If it doesn't break S3..we might see some retrace or a hold of the current 1.580 ...EURUSD
- Shadowfx replied Jul 22, 2008
I admire the braveness of some to go long again currently, based upon (former) weekly & daily trends... However if you look at the reversal of the Oil trend, DJI reversal and imo also a trend reversal on EUR / USD...I cant help having the feeling ...
EURUSD
- Shadowfx replied Jul 22, 2008
Extra Info: For newbees...I'm not chasing price now...don't chase...shorts I still have open are above current price level...will be closed in case of a retrace..I will only open new short positions if I see Oil drop below 126$ with further signals ...
EURUSD
- Shadowfx replied Jul 22, 2008
Just took some partial profits at 1.5845...sweet.. I don't expect to much of a retrace due to rate hike comments & DJI recovery after negative at open, still more shorts open for a possible break further below... Just my 2 cents...

EURUSD
- Shadowfx replied Jul 22, 2008
Oil heading to last support at 126$....might wanna consider canceling your holiday Uncle..
....if Oil free falls that is.... Just my 2 cents...
EURUSD
- Shadowfx replied Jul 22, 2008
Hmmm...
House Price & Richmond in 15min...could be the tip over for directional decision... Just my 2 cents...
EURUSD
- Shadowfx replied Jul 22, 2008
USD v EUR...Week 2...Lets see if she can withstand the latest blow..

EURUSD
- Shadowfx replied Jul 22, 2008
Stalling for now due to Oil resistance at 129$...lets see if it holds...if Oil drops below 128 - 127...then the real fireworks start..imo Just my 2 cents...

EURUSD
- Shadowfx replied Jul 22, 2008
Doesn't get any more clear then this: 1236 GMT [Dow Jones] Phila Fed Plosser adds "inflation is already too high and inconsistent with our goal of - and responsibility to ensure - price stability. Rates hikes "will likely need to begin before either ...
EURUSD
- Shadowfx replied Jul 22, 2008
Unless "Mr. Dollar" Paulson decides to give a strong speech....like now..
..to be followed by FOMC Plosser....starting his speech now... Market is looking for hints concerning the magic words.."rate + hike"... Stay focused guys...follow the overall ...EURUSD
- Shadowfx replied Jul 22, 2008
With all respect to Uncle Forex...You cant expect him or anyone to make statements nor answer questions like this in a public forum... Learn to trade FX via reading, asking the right questions, try out what you learned via demo accounts before ...
EURUSD
- Shadowfx replied Jul 22, 2008
Amused by all reactions on a 30pip break out of rangebound (1.58 - 1.59)...which has been consolidated since it happened..(yesterday US session close) Consolidation seems the right word, signs of a weaker economy for EUR and signs of a possible ...
EURUSD