I know, I really am The retest of the highs ALMOST cost me most of the 2620 short from earlier. But closed at 55 and re entered on a break. This time I'm banking the pips just in case Changing my re entry to a break of S1. edit: meant S2

EurAnalysis

Haha, i closed my short at 2510, and will re enter on clear break of 2500 Just not risking a bounce off of 2500/2510 that destroys all those profits! So will re enter on a clear break. That's what I did with 2555 I may miss 10-15 pips but it ...

EurAnalysis

E/U set for more down can't imagine we see bulls today but as always anything is possible

EurAnalysis

I'm learning patience! Held the 2622 short even through the retest to 2613 and still holding it. I did take 1/5 profit at 55 first time down which is probably the only thing for not closing the whole trade in a panic as they retested 2613. Holding ...

EurAnalysis

Good thing is this market is exhausted to the upside, so I don't see a break of 1.2624 likely, today. Hopefully it is just a bull trap and the bears slam it

EurAnalysis

I guess. After that much bear, you don't expect a full retrace, at least that quickly. Just not normal, unless markets truly believe Ben will pull out QE3 (and I don't think they believe that one bit)

EurAnalysis

This market is truly a piece of shit. Just look at it. I made 1% today , but I don't care about that, I just mean.. look at how stupid what just happened is. JPM using using FED back stopped cash to prop up Euro. The only logical theory. This is ...

EurAnalysis

How do you set that up??

EurAnalysis

My favorite is when someone asked him (forget who) a while back if he did his own shopping. Because he thinks there is no inflation.

EurAnalysis

Added more at 71. a dynamic support/resistance area based on my algo, lets see if 55 breaks

EurAnalysis

Bernie grills Bernanke love how some of congress actually take him on Where's Ron Paul ?

EurAnalysis

Not going long in this scenario so I'm not with you I will sell rallies though, for scalps (since I already am short from 2595 and 2622)

EurAnalysis

will taking 1/5 partial profit here at 55

EurAnalysis

stall then fall through the trap door

EurAnalysis

from my trading mentor Requirements 4 Fed Chair: say something, mean nothing, cover all bases, rinse-repeat. Must be the water they drink

EurAnalysis

No he basically said nothing is off the table if it gets horrible again (like Europe but for the U.S.) but at the moment there is no plans at all for QE, so market will dump Euro until June 20th i think.

EurAnalysis

Yup I will, probably some at 1.228 or 1.23

EurAnalysis

by the way PT, my first good short that maybe I can hold for a long time? hopefully 1.262 is the new cap for a while, im holding this one...

EurAnalysis

Also the 21 DMA (2624)

EurAnalysis

Indeed, thats why I listen to audio squawk, although no drastic effect on the markets yet, probably because of Bernanke.

EurAnalysis