I see you are targeting 1.66 Jimmy. My upside targets come in at 1.6570 max. What have to used to calculate yours?

Cable Update (GBPUSD)

Hi Mario. I will try to answer your questions below... I have one more thougth of EURO strength against USD. Because of all that IRAN deal and Oil rich country going to switch deals and price Oill in Euro, Yuan etc makes USD less needed and push USD ...

EurAnalysis

Hey PM23. Sounds like a good call. If we do see 3630 (I believe we should) then I will be trying to scale in a long position. Based on the BS that took place last Friday, the Euro is obviously determined to test 1.4x region before tumbling. Mind ...

EurAnalysis

Hey I got fooled on that one also. I think many did. At least I was long, not short, but the news screwed me up because I ended up closing a nice G/U long from 1.6242 and then the facker flew up again. It really pissed me off, but hey... that's FX ...

EurAnalysis

Cheers JP. I am currently long G/U from 1.6406 and a smaller entry at 1.6435 On E/U I have a small long at 1.3750 with SL set at BE. If it keeps going, I will add more on dips, but what I really want is a big dip to 1.3500/50 area so I can really ...

EurAnalysis

Buy the dips. The JPY will be the biggest underperformer in 2014.

EurAnalysis

Any time somebody from the Eurozone says... "We have a deal" "We have a plan" "We have a plan to make a plan" "We will do whatever it takes, and it will be enough" "It is pointless to be short the Euro" "Price stability is well anchored" "We are not ...

EurAnalysis

and the virgins go... image

The Club!

I posted this piece in the news section in response to another poster who questioned the ability of a trader to make any money if they did not use the system he is using. So I thought I would share it here for those who would like a peek inside my ...

EurAnalysis

Well, I always believed that a point of control is not actually a specific price but rather a price range... say a range of 20 pips on each side (Depending on the MP time frame of course). Therefore when my MP indie shows me a VPOC, I always look to ...

The Club!

Oops I missed that. I'll get back to you shortly.

EurAnalysis

This is the last line of defence for both E/U and U/CHF. Any further and it's going to be fireworks time. A nice short squeeze for E/U and a meltdown for USD taking U/CHF down with it.

EurAnalysis

Looks like Cable is heading for my target selling zone. Fingers crossed. I took another small buy at 6406 after a break of the last swing high. I closed my 6242 long on Friday anticipating a nice pullback after such a taper inspiring number, but ...

EurAnalysis

Looks like Cable is heading for my target selling zone. Fingers crossed. I took another small buy at 6406 after a break of the last swing high. I closed my 6242 long on Friday anticipating a nice pullback after such a taper inspiring number, but ...

Cable Update (GBPUSD)

So 3745 is now current high. Let's see if Mr. Illiquid Market is going to cooperate with my tech levels.

EurAnalysis

Meaning? Put up a chart please

EurAnalysis

Good one.

EurAnalysis

Well it's about time if it does. The retail crowd is very heavily net short so upwards is where the liquidity is. So lets get this show on the road and go short squeezing. After all, until the retail crowd start buying, this thing will keep rising. ...

Cable Update (GBPUSD)

Not sure it's a wise move with low volume and no catalyst to drive it down. Experience tell me that during periods of low market volume, price tends to keep drifting the in the same direction unless something happens (some fundamental event) to push ...

Cable Update (GBPUSD)

What really gets me is why they have to do it by survey. Don't they have all those statistics already in their databanks? From what I know, when somebody is employed or laid off in the US, appropriate documents are filed for taxation and national ...

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