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jsspmk replied Apr 9, 2010It's not so much manipulation, but could be 1st real turning point or could be continuation, so you got 2 camps with big money trying to sort it out.
EURUSD
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jsspmk replied Apr 9, 2010I'd love that! So far not a bad short squeeze, too early to call it a down trend reversal in my books.
EURUSD
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jsspmk replied Apr 9, 2010Basic principle is that going against constantly rising bids is like running into a brick wall without a helmet, BS or not.
EURUSD
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jsspmk replied Apr 9, 2010In down trend short weakening price action only. In up trend buy strengthening price action only. Put it on your wall, it's TA101.
EURUSD
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jsspmk replied Apr 9, 20105 years ago? I don't see EUR trading there & if it did isn't that a bit far away, since that time fundamentals have changed & because they did what is the value of that level, just a technical one, if price was trading coast to coast for many years ...
EURUSD
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jsspmk replied Apr 9, 2010A typical daytrader's dogma rests in collecting opinions based on observations of intraday levels & there are many, but the only ones that matter are the big numbers. If price can not stay above a quarterly close then it will be pushed below. That's ...
EURUSD
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jsspmk replied Apr 9, 2010Weekly. March & Q1 close have been sharply rejected, no base above 1.35=limited upside.
EURUSD
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jsspmk replied Apr 8, 2010If you look at this week's bar you will see that it's currently trading below lows & closes of all previous ones since we had that congestion. The only level it is above is week before last as its low was 1.3267. That is not bullish, for the daily ...
EURUSD
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jsspmk replied Apr 8, 2010Longer term trend is down, daily chart is weak, there is no doubt about that in my mind, so we may see some yo-yoing price action, but odds are in favour of 1.3266 break
EURUSD
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jsspmk replied Apr 8, 2010When USD moves all currencies in the basket correlate, I would be silly to deny that. I have asked you whether you had a look at USD, is it ready to move lower?
EURUSD
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jsspmk replied Apr 8, 2010You haven't answered the part about USD? Also, GBP is not part of EUR, so correlation will only work against USD moves.
EURUSD
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jsspmk replied Apr 8, 2010When you mention "correlation" did you mean EUR & GBP correlation? If so & you expect both to go up, then USD ought to go down. My question was to do with whether you checked USD's chart for similar move projections in the opposite direction?
EURUSD
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jsspmk replied Apr 8, 2010It's all about USD, so have you done its analysis on same time frame?
EURUSD
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jsspmk replied Apr 8, 2010Short G/U 1.5259 no actual stop loss & no target, actual stop will be a reverse trade. All trades based on 4 hour oscillations. E/U trade scratched, just G/U short-term.
EURUSD
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jsspmk replied Apr 8, 2010I am going to do some small size short-term trading round my short position. Long E/U 1.3344 no actual stop loss & no target, actual stop will be a reverse trade.
EURUSD