Dude, be careful. it's already fallen off the cliff.

EURUSD

Obviously did NOT

No Brainer Trades

Never mind!!!

EURUSD

Obviously we broke through 4735 support but there is a bit of support at 47 and I hear large buyers at that level.

EURUSD

Buying a small long position on EUR/USD at 1.47, if it hits that level.

No Brainer Trades

what do you mean? Like never? or today? time frame?

EURUSD

No way! Every "rally" will be shorted...

EURUSD

We have been oversold technically for a week now and the pair still continues to go down. Hmmm...maybe Warren you should revise your strategy a tad bit and go short, you might be happier

EURUSD

Why? You'll be fine. Just trade with tight stops. Tomorrow there will likely be a selloff with options expiration.

EURUSD

Actually it needs to go down to parity at 1.17 before it can truly be considered a downtrend.

EURUSD

Honestly I've never seen a pair go straight down without any retracement, this pair is totally SCREWED. Wow. I thought 50 was a good stop but it keeps going and going and...

EURUSD

Well, I took a partial short at 4787. It was right on the money. It may go higher in which case I will add to my short, but I doubt it.

EURUSD

Well, I wasn't even thinkin 1.45 at this point. We will need a couple of waves and bounces back (but they have been extremely feeble, we have had virtually no rally to speak of). I'm thinking 4470 but 45 is good for me in the near short term. But ...

No Brainer Trades

Thanks Rafa

No Brainer Trades

That's why Aussie is tumbling like a pack of cards...

EURUSD

Jeez man I was only pulling his leg...wouldn't coast on anyone's coattails

EURUSD

I'm still keeping my short position and adding to it on any bounces. This is the Titanic with this pair. Where do you see support for this evening on EUR/ USD?

No Brainer Trades

OK and what if this plan fails

EURUSD

I disagree. This pair has not been completely predictable. There are times when I have scalped and looked for a retracement only to see the hole get deeper.

EURUSD

I'm saying whatever upward movement is a "rally." Why would you "buy buy buy"? Just curious.

EURUSD