Thanks, I see what you mean with the EW ABC retrace... 1.28 area is as my eye sees it going And the net short position is not the biggest of all time but it's close. The times it was larger than this we got a 2000 pip short squeeze, and when net ...

EurAnalysis

Morning PT, thanks for analysis and chart as always.

EurAnalysis

hoping head and shoulders forms on the 4hr chart, just need to go down today, which would make sense because we bulled all yesterday

EurAnalysis

But why? You never gave the reason why, technically or fundamentally. To me that is too large of a retracement. Even if Greece did not exist we would still be headed down, they aren't even the largest problem in the Eurozone :/ It all hangs on June ...

EurAnalysis

Greece leaving euro = bad or good for euro? I honestly have no clue. Even if I knew what was going to happen with Greece, I wouldn't know it's effect on the markets. Sidelines for sure.

EurAnalysis

Precisely my thinking as well

EurAnalysis

that would mean May didn't happen. just saying why even try to predict price movement that far with so much data and news coming out soon especially? if you are long just take daily pips and try again long the next day, until you no longer see long ...

EurAnalysis

That's pretty insane, almost like they are expecting at least a few hundred pip gap...

EurAnalysis

^^ could be that IMO euro bullishness is QE3 baked into the cake (those who want longs that wouldn't be possible to get if you bought after QE3 was announced) Once Benny Boy disappoints, bear resumes. Shorted 2605 believe it or not, with 5x leverage ...

EurAnalysis

this volatility is just insane... i guess thats what happens when the range is so tight.

EurAnalysis

yes at the candle close. we had a 4h bullish divergence yesterday that was good for 120 pips. Now I see why a lot of people were calling for longs 62 sell limit missed by 2 pips but i got some at 41 Won't be trading the rest of today hopefully ...

EurAnalysis

divergences, overbought rsi, bollinger bands, moving averages, lots of indicators. and a lot of times taking partial profit on main positions. i scalped long 2411 area, it was bottom of bollinger band on 1m and 5m, 15m 8ema, oversold 1minute, also ...

EurAnalysis

yes i do mostly. why?

EurAnalysis

very nice, 14 needs to hold for bull to continue imo, taking 1/4 profit here

EurAnalysis

a lot of bearish divergences, hoping this is it..

EurAnalysis

take it now at 2526

EurAnalysis

1hr closed under 38 fibo

EurAnalysis

yeah thats why i put my stop at 42, but i have 38 as R1

EurAnalysis

short 35 s/l 42 see what i just did there? i saved myself pips and got a better entry, i could close now and be break even from the other trade. plus if i get stopped out again, its less than it would have been if i got the 26 to 35 in there as well.

EurAnalysis

Much less risk.

EurAnalysis