Gold retesting swing high at support turned resistance with some tasty divergence.

The Club!

Prolly. I wish I had a better upside target now that 1.3165 is invalidated on the daily. But I still think all this whipsaw crap will just be a forgotten weekly wick soon.

EurAnalysis

Euro is doing a fine job of shaking out shorts and inducing new longs. It's kind of fascinating that the time frames can be so different. But the bastards know what they're doing. In other words, it's business as usual.

EurAnalysis

Calling a top in oil is a gutsy (aka, stupid) call. In actuality I'm just short with modest leverage. But it sounds so much cooler to proclaim "A TOP IS IN!!".

The Club!

Good morning/day, Anyone care to share their wave counts on WTI? I'm thinking a top is in.

The Club!

This sums up euro's behavior today... video

EurAnalysis

The dixie chart is just another factor. I certainly don't make any decisions about individual currencies from it. With that said, I'm still comfortable holding USD and price is within my original trading plan BUT the greenback needs to get it's ass ...

EurAnalysis

I'm aware of the risks of the dixie atm. That weekly bar 2 weeks ago is plenty scary. Part of why my trades have a shorter leash.

EurAnalysis

Not on my charts.... But I appreciate your views none the less. Your charts have merit, I just see things a bit different.

EurAnalysis

I look around at several dollar based pairs and see they are hovering close to key levels. I think USD will start to move forward from here on out, and it better, or my book is going to look very different going into FOMC next week.

EurAnalysis

And good bye to your short loonie, lol.

The Club!

If crude stays under pressure, it'll eventually catch up to the loonie.

The Club!

Today's close is pretty important on my charts. Should be a decent fight.

EurAnalysis

Looks like euro is going to put that 61.8 to the test one last time. At least we'll get some resolution one way or another. Thankfully market doesn't believe in quadruple tops.

EurAnalysis

Next week will be anything but boring.

EurAnalysis

Welp, differing opinions is what makes a market.

EurAnalysis

hehe, market flushed out the weak yen shorts and now it seems it's ready to commence pricing in Abe's victory. I suppose there's a chance for a double flush out if market is feeling especially nasty but I'm not over leveraged, no worries so far.

EurAnalysis

Hi Infinitus, Seems a good trade. That's the 3rd test of that 61.8, 1.3163 level. Limited risk on upside if it finally breaks.

The Club!

Gold breaking out topside....But I have my doubts that it can get past 1320/1340.

The Club!

I'm next to a novice with ags. Any input is appreciated.

EurAnalysis