The lowest target for completion of the wave 5 we are putting in since 1.2880 has been achieved at 1.3020. This target is arrived at by realizing that wave 1 and wave 5 are often equal in length. Wave 1 was 140 pips.... wave 5's bottom is 1.2880 ...

Euro/Dollar

EURJPY just flyin' EURUSD move fueled by the short squeeze/month end flows in EURJPY.... EURJPY up 65/70 pips since rollover to EURUSD 25/30 pips...

Euro/Dollar

Just booked a bit of profit to cover my 27 pips loss from yesterday at 2990... still holding the rest from 2955 for another try above 1.3000... will most likely have to wait till Europe comes on line to get a real run at the stops that are above ...

Euro/Dollar

I let my bias rule my mind and took a short in contradiction to the Elliott guideline that a wave C should be suspected to be a wave 3 when it exceeds 161.8% of wave A... and therefor wave A is really wave 1. Although not a rule and therefor ...

Euro/Dollar

My thoughts exactly..... I'm arguing with myself to call it a year already.... I wont trade the last two weeks of December anyway, and this bullshit knee jerk reaction to every news utterance is likely to be the picture right up to the end.....

Euro/Dollar

100 HMA, Kumo top and Kijun Sen all converge near 2955....

Euro/Dollar

Long from 2955 Hourly Kumo top..... mostly betting market over reaction to predictable politician words....

Euro/Dollar

You gotta love this game.... My stopped gets nicked by 2 pips on a little volatility from nearly useless housing data... and as if on que.... a fake cliff swoon comes over the market.....

Euro/Dollar

Stopped out -27 pips.....

Euro/Dollar

Equities uncomfortably bullish at the moment... Bonds uncomfortably bullish all morning.... Oh well.. less than 30 pips risk..... if I'm wrong I'll soon know...

Euro/Dollar

I just sold @ 1.2985 against 3012 over the post Greek BS high.... I am unsure of where we are.... I fear a wave 4 bottom was put in at 2880, but am going to bet here.... higher than my last entry with much less at risk given the better entry that ...

Euro/Dollar

Call me crazy but I just closed this position and went flat at BE... My basis was 2949 after the last add at 1.2960, the 61.8% retrace... I have seen Phil Ivey lay hands down with uncanny intuition.... on pure intuition.... He'll sometimes say he ...

Euro/Dollar

Count.... I have to admit 1.2880 makes a really nice wave 4 bottom as well.... OH well, I am fully loaded on my light short position and will play it as a wave 1 in a down trend that is putting in its wave 2..... I'm trading my plan till the market ...

Euro/Dollar

Owing to these conditions... I will keep my position size small (1/3rd normal) and will keep my stop loss unchanged.... if we break the post Greek BS high, I'm out with a very predictable, very manageable loss during a move in which I have already ...

Euro/Dollar

Yes, this is the other meaningless, but important driver of price action. We all know the "cliff" is an artifice of government and will be waved away by government like Harry Potter waving his magic wand..... ( wait till they lose control of ...

Euro/Dollar

Bounce right from 2880..... I have my first tranche of new short position in at the 100 HMA 2937, and more layered up to the 61.8% retrace near 2960, against the post Greek BS top....

Euro/Dollar

Most likely given the seasonality and other factors outlined above, it would take something like Spain's official request for aid triggering the much touted OMT to fuel a break of the multi-year trend line we just ejected during the rest of 2012....

Euro/Dollar

I have been asked why I favor the ABC interpretation with 1.3009 as top of wave C instead of being top of wave 3.... Because.... 1. We got to see price action after the risk event that bid price all the way up to near 1.3000.... and it was ...

Euro/Dollar

We are inside my box having traded as low as 2890..... 2880 is prett strong technically... I still favor the ABC interpretation, which would put 3107/09 as top of a wave C, instead of wave 3 ( the alt count).... This makes me not want to take long's ...

Euro/Dollar