After seeing the close, I will sleep very well this weekend. Have a great one guys.

EurAnalysis

Again. The question is: Why is the euro not able to break above 1.39? Why is it about to close exactly at the top with all my indicators not believing this move? This does not "feel" like it should if it was real. Having said that, there is still a ...

EurAnalysis

I got back just in time to see the close of the market. The day was not a good one, but where do we really stand? If this move was for real, both the Euro and S&P would have decisively broken out of the range today. They did not. It is a perfect ...

EurAnalysis

I feel in the need of expressing a public Mea Culpa for my questioning another board member´s possible decision to exit his position yesterday. I am still new to this and I let my self confidence and impulsive nature to influence another person´s ...

EurAnalysis

Things are still looking good for the bears in my view. Yesterday´s late up move did not make it to the 50% Fib or even to the descending trendline. That shows lack of conviction and sweaty palms on the long side. The attack on the Coral (Third ...

EurAnalysis

You love this. Don´t give up. I was where you are many years ago, got help from a friend and persevered. PM me. I can and will help you.

EurAnalysis

Your points are all well taken, PT. Especially the one about celebrating the murder of another human bein, which was my first thought when I saw the pictures and Obama gloating about it. Regarding the Euro. I am a technical purist. I believe that ...

EurAnalysis

This could spell trouble for the Euro today: url Over 6% is a deathknell for Italian debt.

EurAnalysis

It all depends on what your trading strategy is. If you are scalping all the time, then taking small profits I guess is OK, but the big bucks are made when you hang on for the big moves. No doubt you can make small profits swing trading along the ...

EurAnalysis

For me to do this with my Box System, I had to transfer extra funds to the Euro account from the main account. Don´t usually do that, but the opportunity was enticing. We´ll see what happens. I had sold yesterday at 1.3810. Now my average cost is ...

EurAnalysis

Just bent one of my rules and added to my short.

EurAnalysis

Golly, stepped downstairs to get a bite to eat and the thing goes up again. The euro just retraced 38% Fib from the 1.3870 move of earlier this afternoon. Normal correction. It could have retraced 50% and it would still have been pretty normal. We ...

EurAnalysis

Piptrapper, I have one question for you which has me worried and I can´t find an answer for. What happens to the value of the Euro if an announcement is made that Greece is exiting the Euro? An implication of that would be that all weak countries ...

EurAnalysis

Yes. I am looking at the H4 which is what I trade.

EurAnalysis

If that happens, that´s where I will take 50% of my profit. At the 200 SMA (1168). I will also take 50% of my profit wherever the Euro is when the S&P hits 1168. Maybe I shouldn´t. Maybe I should hold longer, but I am a conservative at heart.

EurAnalysis

If it breaks 1185 no one will touch it until the 200 SMA. I´m with you on that.

EurAnalysis

That´s why the S&P and the Euro will both be testing their lows soon. They are floating on thin air.

EurAnalysis

You are about to break the neckline and you are thinking of taking profits? Most shorts are not even in yet. Not until the neckline gives way. Disclaimer: No guarantees. It may turn around to 138 again, but it is not probable.

EurAnalysis

Scratch That! S&P at 1194. Cracked the Coral and heading now for 1185. Under that there is a big void all the way to the 200 SMA at 1168.

EurAnalysis

You are also humble, from looking at your signature.

EurAnalysis