The sequence might be : * 1.28850 > 1.29250 > 1.29550 > 1.29250 /1.29 > 1.29550 > 1.29750 > 1.29550 > 1.29750 > 1.29850 > 1.29750 > 1.30 > 1.29900 > 1.30000 > 1.30200

EURUSD

My personal problem with these type of narrow ranging , is when price take off - it doesn't come back for a while ... so i will be waiting !

EURUSD

I wish i can find a money manager who's willing to share the loses ....

EURUSD

But i would be careful about this example in particular , fundamentals at this point was completely against EUR ... some of these fundis have seen gradual change with potential development !

EURUSD

true , but often when its at a significant high or low ... but not in a grey area such as 1.29 / 1.28 ! Price almost cross once before going somewhere !

EURUSD

I have the same feeling too, but i was checking 11th of May 2012 - price Gaped almost from the same level ( from 1.29150 to 1.28850 ) and it was never filled , the high for that week reached 1.29010 and was sucked down during the week ... The ...

EURUSD

If you can state bearish based on Gaps, i would fundamentaly disagree ! I personally find any gap above 15 pip as a signal to take the opposition direction of it ! Gaps are trend killers - because they create empty spaces that has no Stop loses or ...

EURUSD

It has to be down , but now the rate is 1.28850 .... its too much for so little news ! I'm not really surprised by the gap down, i'm only surprised by how big it looks to be ! Almost 40 Pip now , if markets were to open the second after i post this ...

EURUSD

Monti resignation and Burssconli announcement of coming back ... It should be filled by the tomorrow London Mid-session or late in Asia !

EURUSD

Its like last week , but this time we have the fiscal cliff back again after NFP week and instead of Europe we have Greece. So, nothing significant has happened or going to happen ... Monti's leave might move the EUR alittle bit , but its a bit of ...

EURUSD

this one could be invalided because it moved on interest rate news - so the move was interrupted somehow , and if we don't get the rate cut , price will jump back to 1.31 ...

EURUSD

Where is that ?

EURUSD

On the subject of EURUSD : I still stand by, that 1.29 is one of those numbers that exist on the chart just for mathematics counting and doesn't have any Midterm respectable support or resistance ... which mean we are back again to 1.30 - which ...

EURUSD

Let alone therotrical mathematics and if i was or wasn't pure mathematics ... what has math to do with the bullshit he did ? If i'm not mistaken he shorted a breakout on a smaller time frame, in which price always return to the break out to either ...

EURUSD

It is , but i was using the nearest support ...

EURUSD

Mohan, thanks for your reply - i saw it , but was a bit busy to reply ...

EURUSD

As i suspected , 1.28830 will become london low ... god damn it , my hand froze to place the order !

EURUSD

Z3iz3i thanks for the reply ,

EURUSD

You mean the holy Grail as it doesn't exist ?

EURUSD