That makes sense. Buma and I were chatting about this and the only things not selling off big were gold and oil to prop this up. However, materials on the S&P are off 3%, so the stocks are selling off even if the underlying commodities aren't ...

EurAnalysis

Strong resistance at 1.375 — Broke it once, but just bounced hard off it on the 1m chart, should retest again in a few minutes and then break through as the euro finally gives in to the dows fall.

EurAnalysis

Hmmmm — Well, I was right about the 200 point sell off...what is propping up the Euro?

EurAnalysis

Momentum strong down on the dow, was near top of range and a bit above. Could be a nice 200 point dow sell off which will pull EURUSD down with it.

EurAnalysis

Yes, on the 5M though, two pins up top and heading back to retest 1.375 again I think.

EurAnalysis

My only concern — Posted this chart over in EurAnalysis too. If the steeper 1H/4H trendline is broken, the second less steep one is still hanging in there, though not as firm. Might see a bounce off it though.

14 Year Old Forex Trader's Lessons

My only concern — If you throw out the steeper support trendline on the 1H/4H charts and go to the less steep one, we are sitting on it. Could go higher off this for a bit before hopefully resuming decline.

EurAnalysis

Atta boy give'em hell!!! — Damn the torpedoes, full speed ahead!!! That is what I like to see from our leader, decisive action. PS very nice pin on the 5M chart, I just popped back in short after my stop got tripped well below this level. I am ...

EurAnalysis

All aboard that southbound train? — Yes, very nice. Got to say I was right on board, though slightly more aggressive (so what's new?). I had a moderate short on the ride which stopped out for small profit. I had it straddled with pending ...

EurAnalysis

Yeah, Helicopter Ben isn't shipping them around the world today, people actually have to buy them. Could also be indicative that the Euro is under pressure. I am on the sidelines. Closed out my little positions, fooled around with AUDUSD and lost a ...

EurAnalysis

Where next? — Yeah, something is screwy. My plan is to ride my short to 1.383 and then think about a small long toe in the water. Silver looks like it might have thown a pin and look at this interesting trendline situation on AUDUSD which is a ...

EurAnalysis

Really interesting open — Is it just me, or is it this market stuck and going to break really hard one way or the other? Almost no gap, no real news, and no direction as the bearish fundies meet the bullish short term things like Operation ...

EurAnalysis

Good morning, to sum up... — Been catching up on reading a surprisingly active weekend of posts. Posts that are just frankly all over the place. I love it. So without going through the whole thing, on each major topic: Buma short the women, ...

EurAnalysis

Well, then I guess you have the right screen name!! I am going nicely sniping the 1M and 5M anticipating a generally downward trend to 1.383 and a ceilings at 1.388 and then 1.392. I still think we could go as low as 1.375 by the close, but that ...

14 Year Old Forex Trader's Lessons

Short term short, then.....? — Hit the ride up nicely, it would seem we should get a pull back to 1.383 and then retest the highs, a second rejection and it could be time to get real short. I have a small short position after riding the wave ...

EurAnalysis

Operation Twist screwing up our bias? — I posted this earlier in EurAnalysis, but this definitely opened my eyes to a long position. Between this and operation twist, I think we have our answer. Because it wasn't well understood, twist was ...

14 Year Old Forex Trader's Lessons

Going up? — I posted this in the EurAnalysis thread, but thought I would share here too. Look at the action and the chart, I will cut and paste my analysis shortly about how Operation Twist may be behind this as in truth nearly $1 Trillion USD ...

14 Year Old Forex Trader's Lessons

Pop goes the weasels. — The most powerful 15M candle in two days. Glad I talked about op twist and convinced myself to lose the bias and get long, quick 40 pips up, picked up 8 on the down move, back long and already a few more. SWEET, I think ...

EurAnalysis

The great undiscovered truth — Between this and operation twist, I think we have our answer. Because it wasn't well understood, twist was largely ignored by bears, but look at the timing and effect. Announced the 21st of September, sell off. ...

EurAnalysis

And it is conveniently different sizes by denominations, which is interesting. You really don't feel like you are spending $7 with that little blue slip of paper. And the $1.4 and $2.8 coins, easy to drop along the way on a candy bar. But seriously, ...

EurAnalysis