1. basis for up: someone wants to make money. Given their number, the bear stops above represent a big ka-ching! 2. sometimes making oodles of cash supercedes both. 3. news services and BerNackie (not to mention tape-bombing EU officials) are ...

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Alllllllright partner...

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To at least 2395, I agree. Edit: the DP at 2393 would be a good place to bounce.

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I think 2400 may give way though, to allow more bears to be trapped before price resumes its upward march.

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You are right. And a week from now, when the bears have all given up (their money!), the price will probably fall back and the Support will be "broken". But for now, those areas are BLOCKED!

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Why E/U will probably keep going up — Here is one view of the situation with eur/usd that in some sense supercedes technicals because it addresses the existing situation, not one that will develop: image 3 levels: 2400, 2375 and 2350 (the ...

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Grazie! Grazie!

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You mean you can't trade them for money???! Not even virtual money!

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Awww, you just need a hug (well, a virtual one) C'mon ppl, a little external validation here. please.

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LOL! But, I read that long positions active w/tp's triggered during the 70+ pip spike yesterday are gonna be upheld... some very, very happy eur/chf longs today probably.

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I love that this mkt is manipulated! Manipulation ====> volatility Trading without volatility is like trying to surf without waves.

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Haha! yes, funny. I was thinking about that as the long bearish M15 was forming right after the post.

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Actually, I was wondering whether the TF notation meant the supporting argument would be found on that time frame, or whether it meant something else?

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What is the significance of the TF notations in your state diagrams? (M15, H1, etc.)

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Ok, maybe that tape bomb will come from the US instead of the EU.

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I tend to agree. It's a trick. When I see price go convincingly below 2350... then, I'll believe the trapped bears are gone and that price really will come down. Till then: it's buy the dips and sell quick!

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I've made many posts since Friday of last week about the bear traps that appeared up through the 2350 area and about other technicals... not just today. That price was supported in the 2350 area yesterday makes me feel pretty confident that Friday's ...

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"quick fall" in E/U would be Christmas in August for the enormous number of bears trapped since last Friday ...and the shorts just keep coming judging from comments here. Zoom-bang to the moon seems more likely... we just need a little bullish tape ...

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Thank you both very much! A lot to think about. Better get back to business...

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First Q: because I have read FF threads occasionally and comments like Attila makes, I've gone from thinking candles were a crutch devised to help traders who weren't able to extract pa from noise or visualize complex relationships and a crutch with ...

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