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jsspmk replied May 18, 2010When I used to trade intraday I used to try to ascertain where strength & weakness was. The downside to your current trade is that monthly bar is now trading below 2010 Q1 Lo. That is a problem for longs in that pair. I know you were looking at a ...
Spot FX Day Trader's Thread
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jsspmk replied May 18, 2010131.08 is hourly support, likely re-test IMO
Spot FX Day Trader's Thread
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jsspmk replied May 18, 2010How about A/U? Treble flat top on weekly, 50% fibs ~900 pips away from current weekly support where price rests for now.
Spot FX Day Trader's Thread
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jsspmk replied May 18, 2010Comprende amigo. You're into market timing, I am not so much into it now. I am more interested in likelihood vs unlikelihood of a level re-test. Good trading!
Spot FX Day Trader's Thread
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jsspmk replied May 18, 2010I still see stocks selling off in a massive way, S&P to 500 level, USD through the roof (for the time being).
Spot FX Day Trader's Thread
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jsspmk replied May 18, 2010Have you checked Euro's monthly chart recently? Next re-test seems to be in the 1.16s
Spot FX Day Trader's Thread
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jsspmk replied May 17, 2010Real squeeze type move may initiate prior to June (not certain which date) as Con Lib Dems are preparing an "emergency" budget to help cut deficit. Could well be buy rumour, sell news. But personally I don't jump ahead of price action, so keeping ...
Spot FX Day Trader's Thread
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jsspmk replied May 16, 2010Howdy! Short term/swing trade. Sold UJ 92.31 with an emergency SL @ 95.1. Open target.
Spot FX Day Trader's Thread
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jsspmk replied May 14, 2010This is the start of the second dip or a deep hole more like. Cash & precious metals up, IRs up, paper assets down. Deflation of housing bubbles, higher inflation.
EURUSD
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jsspmk replied May 13, 2010Nobody rings bells at the top/bottom or goes broke by taking a profit... Philosophical moments. To be or not to be...
EURUSD
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jsspmk replied May 13, 2010Welcome on board! Weekly points to 1.4, macro though points to a re-test of historical support zone & perhaps a breakdown below.
Spot FX Day Trader's Thread
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jsspmk replied May 13, 2010I favour EUR/CHF with an either way bet at the moment around 1.4, especially with the Swiss cheeky finger.
EURUSD
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jsspmk replied May 13, 2010And that 'thing' about an error that caused stock markets to slide in big way last Thursday is just ridiculous. Conditions were turning bearish, some entities couldn't hide distribution & others reacted. Where's the error? They are sending out ...
EURUSD
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jsspmk replied May 13, 2010Talking about England, it still amazes me how the hell the government sold 1/2 of our gold reserve when it was like $350. Exactly at that time long term technicals started to turn bullish, you would have thought they know what they are doing. Future ...
EURUSD