yes that is exactly what is going on and people forget there is still a trendline above here..

EURUSD

They got their 100 pip range. You are right though. Run the stops before Ben, then bring it back to an equilibrium point, then make the real move. Do people honestly expect Ben to give us QE3 TODAY (obviously its coming someday) when its already so ...

EURUSD

2726 is the 23.6% retrace of 1.49 to 1.2040 2763 the 50% retrace of 1.3480 to 1.2040

EURUSD

Prince just touched 2710 daily bollinger band, last touch of this held the price and we retraced 130 pips

EurAnalysis

just hit 1.2710 daily bollinger band..

EURUSD

+151k edit: only after posting this did i realize PTs is at 150k, lol

EurAnalysis

PT, I am just curious how you came up with 10-20% and 60% priced in for QE3 (for two months ago vs now). Thanks

EurAnalysis

bull volume compared to bear over the past few years (and year) tells the whole story with S&P... the only thing keeping it afloat is the dollar bear...

The Really Useless Thread

Because that was the first bad month in a while, so it didn't matter that it beat expectations, it just mattered that job recovery was slowing drastically. PT what is your take? I am no expert on fundamentals...

EurAnalysis

Yeah but no weekly close above these levels, that wouldn't look good would it.. So perhaps NY will take profit and maybe NFP will be the catalyst Next week though anything is possible before Ben on the 13th... and we usually see dollar weakest right ...

EURUSD

2760 seems a very valid target because it is 50% retrace and it would take out the tight stops above 2745 I might just have to short this again if we are going to be double topping here..

EURUSD

In a perfect world forex trading wouldn't even exist, neither would floating currencies, we are playing in a criminals market (well financial criminals, of course not everyone is but I'm sure some of you know what I'm talking about)

EURUSD

daily bollinger band at 1.2705/6

EURUSD

yeah maybe because EU got ahead of itself here into bear territory, needed a breather before bulls try for more

EURUSD

closed 80% at 2666, + 17 im thinking will test 2652 though if this level goes

EURUSD

possibly considering today is the craziest of every month and may be little movement until then (nfp..)

EURUSD

definitely agree with that the double top is almost inevitable when making a real reversal, its easier to enter without position going against you once that happens. or sell the peak supply area on its first touch

EURUSD

is your monitor 10 inches wide? white RTL, red DTL

EURUSD

very smart, momentum too strong, likely that 2665 doesnt break.

EURUSD