PT, was just wondering. I don't know how you stay so dedicated to watching price action when you don't even trade it (intraday) How can you not be tempted to take at least 1 scalp throughout the day? Talk about patience. Are you even going to close ...

EurAnalysis

Good points. Seems that nothing will stop EurJPY on its way to 89-90 area.

EURUSD

I thought we already saw the bear trap but who knows. We could break the lows from here. Retail stops are above 1.262 probably. Or at least they should be, if they got good entries. I hope we get a retrace to that point... but certainly doesn't seem ...

EURUSD

Nothing? What we just saw made no sense whatsoever. But I was not around for Summer last year trading Euro, so I have little experience here All I can think of is a) whoever sold 30 pips of Euros there is really stupid, because someone else bought ...

EurAnalysis

Tell me about it. This is absolutely nuts. Big money, make up your mind already!

EURUSD

This market is completely insane. Takes that long to retrace the move only to hammer half of the retrace in 3 minutes. Edit: Forgot it was Friday AND the first of the month. Not a good combination

EurAnalysis

I see 1.262 as the cap of any retrace now. Unless something drastic happens to the USD, it's hard to imagine much strength in the Euro. And this time around it will be different too, IMO. I bet we could see QE3, and not even see the Euro break 1.30 ...

EurAnalysis

+111k

EurAnalysis

spain manufacturing PMI causes 30 pip drop in 2 minutes, retraced already? I'm telling you, I see something new every day in this market. Like the opposite of that 50 pip 1 minute candle we saw a couple days ago. Unbelievable, any other day shorts ...

EurAnalysis

Hope so! Seems like it will hit 1.23 before any pull back. But could happen this Thursday and Friday as profit is taken into the monthly close. Large monthly candles pretty much never close full red, always seems to be a little wick, which to me is ...

EurAnalysis

Channel lines were a bit off, now that I redraw them, its much more clear. Now we look to be under the primary channel, but still inside the more recent channel.

EurAnalysis

Come on retracement! Bouncing off channel support now. Usually we get some sort of pullback after NY close. I'm really doubting we get one but we can pray

EurAnalysis

Yup so badly want it. Don't know if we are going to get it though.. Those shorts are succsessful day trades that I left a micro lot of open, practicing my holding for long time So I need some more size at a higher level. Thing is 1.262 is going to ...

EurAnalysis

just thought i would point out, we are sitting at the bottom of the primary channel right now. come on retrace!

EurAnalysis

Thank you. Also was curious, do you ever make any day trades? Or is pretty much everything held over night?

EurAnalysis

Have been meaning to ask you. Where did you get that Fibonacci indicator with all the additional levels? Can you share with us pretty please

EurAnalysis

Waking up to 1.24 handle popped. I thought for sure we would retest 1.25 again. Now looking at a 900 pip drop in 1 month, yikes. Looks like targeting 1.23 to finally retrace. There has only been 5 other monthly bars with this much of a Euro drop. I ...

EurAnalysis

Well said. The moment you think you know it all, is likely when the moment the market will eat you alive.

EURUSD

Yeah me either. Someone wanted more shorts higher it seems. This will be interesting to see what happens from here.

EurAnalysis

It's looking like it wants to retrace the entire 1 minute candle. lol, we'll see

EurAnalysis