Well it never made it to your "trap" I agree that for the swing trader we're headed down - the question is how far and how fast? Short at 149.6 with a partial position. When it closes below 148.99 I'll take a larger position to get to 147.4 level.

Geppy's Geppy Thread (GBP/JPY)

Just curious if anyone is still posting on this thread. I'm wondering what your thoughts are about this count...

An Elliot Wave Technical Analysis For GBP Vs JPY

Crappy morning! — Well I left last night with shorts in EUR/USD, EUR/JPY and GBP/JPY in the green having opening them on Sunday night and now they're all closed at BE, except for a 50pip profit in GBP/JPY. I looked at the calender and didn't ...

EurAnalysis

Does anyone know the reason....? — Looking at the weekly EUR/USD charts the low in 2010 was 1.1876 in June 2010. One month later the pair was trading between 1.24-1.28 and it continued to rise. Looking at the chart it looked like the recover ...

EurAnalysis

He PT tell that to the German officials who are looking at the Greek books...nothing balanced there.... But in all seriousness most people, myself included, get too caught up in the moment and can loose sight of the 'big picture'. Example A: The US ...

EurAnalysis

Just look at the weekly charts - June 2010 the low was 1.1876 and the situation in the EZ is a whole lot worse now than then. drzakir, I read what you've written and I'll write what a mentor told me several years ago [Please note I'm repeating very ...

EurAnalysis

CurrencyMan, Edge of financial disaster? Really? As for a Black Swan Event???? That's just an excuse for people not being able to see an event for what it is. You listed a lot of 'potential' problems but you know what, it's July and in the summer ...

EurAnalysis

So that means your initials are: TITS, C?

EurAnalysis

Houston we have a problem...... Unless that was a submarine launch????

EurAnalysis

Nothing personal but all those lines and colors reminds me of when the Beatles did yellow submarine: image Simple is better...

EurAnalysis

Maybe someone can explain this to me. — First let me state that I'm NOT a day-trader. I would consider myself a swing trader, I use the 8 hour charts and 1-hour for entries.... Now this past weekend I was in a discussion with someone who was ...

EurAnalysis

This is an interesting argument because Elliott Wave analysis is basically measuring investor sentiment/psychology. The VIX is defined as "a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or ...

EurAnalysis

Thanks for illustrating my point.... — The above post and chart analysis is what I consider a good example of using technical analysis to justify one's position...whatever that may be. No where does Purzel make an assertation about where the ...

EurAnalysis

I think this is a great article and the writer puts it much better than I could: url

EurAnalysis

Well said. On this front I think we can agree to disagree. Why? Because I don't thing that there is ENOUGH fear in the system yet. It's very similar to a situation when you get a call at 1 a.m. that your father/mother has been taken to the hospital ...

EurAnalysis

No argument from me on that one. I've fallen victim to using my EW analysis many times to stay in a postion longer than I've wanted to and watch a positive position turn negative. I'd LOVE to be able to say I use strict stop and absolute money ...

EurAnalysis

I guess he's where I get hung up in semantics because in my thought process a short squeeze (which BTW I agree may occur) is not a 'bullish' event but rather a corrective event in a bearish market. I also prefer the terms of bullish/bearish to ...

EurAnalysis

Confused — I'm slightly confused X, are you bullish, like you wrote in your article, or bearish like PT?

EurAnalysis

X I kinda understand where you're coming from with the observation of the environment 'indicator'. What would be interesting is to see if there is any correlation between the number of positive vs. negative stories and how the market reacts; short ...

EurAnalysis

Because of the positive correlation between the US stock indicies and EUR/USD I look at the volume on the OEX. I compare this situation to that which occurred in 2008 and more appropriately the Asian contagion in 1999. In addition the $VIX just ...

EurAnalysis