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- Mr J replied Jun 16, 2010
Euro doesn't move in isolation, it's subject to the overall market. If overall market goes down, so does euro, regardless of how far it has already fallen.
EURUSD
- Mr J replied Jun 16, 2010
That area is previous support and resistance. Check the hourly or faster.
EURUSD
- Mr J replied Jun 16, 2010
I can't lean either way here. Neither direction would surprise me. I think there's a good case for either direction, so if it falls, I'm short, if it rises, I wait.
EURUSD
- Mr J replied Jun 16, 2010
Always take good prices. Whenever I forget this, it haunts me. Taking some poor prices early in this retracement has me waiting for a break, rather than being able to hold onto my earlier 2330 short. Quite a difference, +60 pips and in position, ...
EURUSD
- Mr J replied Jun 16, 2010
Well we're reacting to the channel, looks like there's a reasonable chance we form a 1h/4h pivot.
EURUSD
- Mr J replied Jun 16, 2010
I think you like to lead people on, such as your suggestions of a massive reversal and usd bearishness. Much like you euro bullishness for the last 6 months...
EURUSD
- Mr J replied Jun 16, 2010
And that's why I'm not shorting yet. Sacrifice some price for some "confirmation". If we see a new low, there's still at least 4 cents on the table.
EURUSD
- Mr J replied Jun 16, 2010
I'm expecting my generation to not experience retirement. If the world improves, so does medical science and we'll have to work because we can. If the world worsens, we'll have to work to survive.
EURUSD
- Mr J replied Jun 16, 2010
You could ask the same of those who went long over the last 10 days, but many were profitable and rightly so.
EURUSD
- Mr J replied Jun 16, 2010
Depending when and where. In Sydney, the local casino isn't adorned by Vegas babes, but by degenerate gamblers who couldn't tell you when they last took a shower. Poker tables there are awful.
EURUSD
- Mr J replied Jun 16, 2010
Though in a casino you can't read the forums, laugh at herd articles and sheep tv. Looks like it'll go higher Fontu.
EURUSD
- Mr J replied Jun 16, 2010
In a casino, I'd count cards, take advantage of the giveaways, get comped etc. Your point still stands though
.EURUSD