Saying that sell logic would end on 2400 is not a good estimate. That's too premature considering the current trend and fundamentals. I'd look for 1.2440, which is the current pivot point. There was a very good chance that the EUR/USD wouldn't drop ...

EURUSD

Just as a warning to new traders for this currency pair (regardless of whether you're long or short): Overall trend is still bearish and will remain so until we reach AT LEAST 1.2200. Expect a very significant support at 1.2000, which is a tried and ...

EURUSD

ME: holds a short from 1.2570, forgets about TP at 1.2510 I'm looking at 1.247 right now. *bangs head against wall* Fuck it, at least I have 3 other shorts lined up to save me.

EURUSD

*shrugs* I don't understand why people would think there's no chance of Draghi dragging the Euro down. Doesn't anyone look at the state of the Euro and US? Bearish momentum hasn't died off even for short term. Just sit and wait. Or add a small short ...

EURUSD

Actually, that's also on the lines that I'm thinking. The numbers i gave were what I consider to be the "guaranteed" (basically 100% possibility) prices that the EUR/USD would go through/fall through depending on Draghi's news. Still....the EUR/USD ...

EURUSD

Possibly. But I wouldn't short right now for more than 100pips; preferabbly small shorts with reasonable TPs. This decline is fueled by Japan's finance minister Aso's announcement about how "the yen is weakening too fast....not welcome". In other ...

USD/JPY Discussion

This is the answer. No one knows. All bets are off until Draghi's speech in the next 7 and a half hours. If Draghi blows it up, EUR/USD will likely plummet below 1.25 and we may see resumption of the bearish trend. If not, and Draghi still feels ...

EURUSD

Ray, given the financial turmoil of Europe, would you personally think that Draghi would blow it up? Or do you think he'll still be bullish for the Euro? P.S. What's with the 40,625%? Isn't that a bit too high? Don't you mean 40.625%?

Geppy's Geppy Thread (GBP/JPY)

Keep in mind that a deterioration of the euro would look bad for Europe as a whole. A sudden collapse=not very welcome. But it's a losing game, and now all we have to do is scalp the daily resistance down to 1.2510/20 levels and wait for Draghi. I ...

EURUSD

It will. Euro bulls are just being stubborn (or maybe market movers want to snag a few scalpers, maybe?)

EURUSD

Nah, tyrant, that's where you're wrong. I'm willing to bet there's quite a number of Euro bulls who still believe in the hype of the correction early this week. I'm just saying in case some decide to risk their entire account on further corrections, ...

EURUSD

It's all but guaranteed to come down within A LOT in the coming week or few. The latest data for the Euro isn't positive; with the USD still holding strong (and Philly somehow defying all odds with its RIDICULOUS level of positive news), The bears ...

EURUSD

Philly data very positive. Added another short. Likely to see retest of 1.2500

EURUSD

I don't think bulls have enough momentum to pus past 1.2560/70 yet. Today's news was brutal on the Euro, while U.S. data is more mixed. Still probably going to wait on Philly data was an excuse to move further up or down.

EURUSD

We've reached the 1.2500 support. Now, we need to see good news for the USD (or possibly even the GBP) to move things along down to 1.2450. If not, prices will fluctuate once more.

EURUSD

Congrats tyrant, for having stuck it through most of the correction while retaining your shorts. My hats off to you, sir! I couldn't add any more, since I wanted to have enough margins to remain safe in case of 1.2800, but meh. I still kept my ...

EURUSD

Isn't the ZEW essentially a bunch of economists who come together and talk about the state of the economy? Easily wrong (most economists are) and easily leaked/manipulated? Why on earth would anyone rely upon that as a good indicator? ....oh wait. I ...

EURUSD

I see a W formation on the daily chart for the EUR/GBP. Peaks located on September 10, October 15, and Nov 19 respectively (resistance= 0.8035) ....gonna take a nice small short with small SL. Might cancel or add more depending on UK retail sales ...

EURUSD

On a somewhat mid-term (say week~maybe a month or two): YES. Absolutely YES. On intraday terms: Not quite. We can't be sure that the corrrection has ended yet. I recommend taking small shorts on every major spike (especially ...

EURUSD

Euro getting bad manufacturing PMIs from France and Germany (thought not abysmally bad)...I doubt the price will make any changes below 1.25, however. At least, not until around five hours later, when we have a whole slew of major events-CPI & ...

EURUSD