Nice and aggressive BTW. I'm waiting until tomorrow morning GMT. I suspect we'll see a new high.

EURUSD

Where did you get the article?

EURUSD

4th day testing the Merlin Breakout 10PM - 12AM HI 1.31128 LO 1.30991 Given the LO is right on the DPP, I'm expecting this to be the low of the day. Despite calls of a reversal at the 38FIB, I think profits from the longs taken early April will ...

EURUSD

Still sitting that one out Max... Looking at 49 for a short.

EURUSD

Definitely agree Retrace next week hopefully.

EURUSD

Killer! Now there's a blast from the past... haven't seen you here in ages. Not sure you'd remember me anyways! Cripple is still a mofu. A few of the boys are now hanging out with Ken at his thread - worth checking out. Hope you're well.

EURUSD

Thx for keeping it on the straight and narrow! Snave - cheers for the edit... actually 'consolidation' made me laugh more for some reason. Anyhoo...

EURUSD

Hi Infinitus! Can't remember if I thanked you for this - but if I haven't, THANKS! The question then is, on the Daily, is EU in a leading or ending diagonal? BTW... love the quote: the equation of decay!

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Thanks Max! I'm only starting to get into EW for setting targets. I remember that post you did from late last year (Nov/Dec) where you were spot on about the change in trend for EU... which I thought had a different flavour from the ...

EURUSD

Is EJ pulling EU higher?.... If I'm right (this time) this is a valid Elliot count?

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Potent dragonfly on the 4H The 4H also doesn't have a "One Last Kiss Scenario" so a decent retrace is coming... hopefully from 3190 (next week?)

EURUSD

Not unusual.. We had 2 weeks in Sep 2012 where the move was from LO 2501.8 to HI 3135.4 giving 633.6 pips without retrace.

EURUSD

On my Weekly chart I just posted you'll see 1.32573... so was just wondering if we're seeing the same cluster. Nice one... makes sense. There's no reason why EU wouldn't go there, based on weekly. Just don't know who long it will take to get ...

EURUSD

Maybe New York will make it the new daily HI. Weekly chart with the engulfing bar drove my expectations for another UP week.

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Hey Snave, You got a chart for that projection?

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EG! How's it going? Where are your magic circle charts!?

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Why does a 30 move constitute a "spike"? It's just above a normal move of 20 pips for EU. Today, the move is not 40 pips... it's currently 3135 as I typed this. The Low is 3043... that's a 92 pip move off a typical ADR of 120. None of this should be ...

EURUSD

I like that chart better. On a more serious note... yes, I do take note of fibs as important signposts. It's just that in my early days of learning, I definitely experienced the pain of trying to use Fibs as my trading decision. Sure, there are ...

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That's exactly what I'm seeing!

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I've seen this sentiment a few times. Just because it's a recognised level doesn't mean price will turn on it. I'm welcome to opinions and haters... but I am sure that big trades by big banks or corps don't give 2 hoots about 38 FIB if they have to ...

EURUSD