Just closed the second half at 2912.... prolly should have hung onto it, but my balls are blue... will re-enter short higher if possible

Euro/Dollar

Looking very much like five very clean, well proportioned and impulsive waves on the hourly down from the emotional high in the area of a falling trend line going all the way back to 2011and of course the very big very round figure of 1.3000. The ...

Euro/Dollar

Stop lowered to 2976 on second half.

Euro/Dollar

Took profit on half at 1.2950... rest will be booked at 1.2911..

Euro/Dollar

Stop loss to BE on this trade... I added at 1.2998, basis now 1.2992... Working from this count.... I still favor the ABC alt count, so will probably not take any longs from inside the predicted Wave 4 bottom box. The wave 3 alt C exceeds expected ...

Euro/Dollar

Not an Elliott Wave trade... just a seat of the pants fade the rumor buyers short term top trade... I just sold against a 1.3042 stop looking for a move back toward 1.2900/10

Euro/Dollar

I just canceled all my orders.... sure looks like a buy the rumor sell the fact reaction.... I am not exactly sure if five waves are in or three. We have traded as high as 1.3010 ..... would like to see how price action develops before contemplating ...

Euro/Dollar

Under normal conditions on this very standard. "catch the bottom of wave 4" trade I would simply layer in buy limit orders toward the bottom of the box on the chart from the above post, and let it work against my stop, which is chosen to reside at a ...

Euro/Dollar

Tentative time for EuroGroup press conference after meeting today is at 10 PM London.... scuttlebutt is they have made little progress toward agreement in the intervening days.... Eye out for statements from ministers as they enter meeting that ...

Euro/Dollar

To clarify... the trade is in danger below 1.2841.... stop should be somewhere below.... I like below the swing low at 1.2833. .

Euro/Dollar

I do not like the extreme optimism over the Greek BS story and with the Holiday thin conditions, I half expect the alternate count on the below chart, which counts the three wvaes up we have seen so far to 1.2992 as a corrective ABC will prove to be ...

Euro/Dollar

I am a bit distracted restoring my dedicated trading computer following the 2nd Hard disk failure in two years... I have good backups, but no image.... but what a pain in the ass...

Euro/Dollar

This is a great chart and as usual a picture speaks a thousand words. The long wick candle you point out SCREAMS impulsiveness... a character to price movement that indicates the direction of the trend... not its correction. Which leaves me too ...

Euro/Dollar

Four day Holiday starts in the US after today... will thin out conditions to a great degree... EZ PMI's due out Thursday while the US is out will be very interesting in the thin conditions... a big miss by Germany could cool this rally off... For ...

Euro/Dollar

The descending channel top at 2845 and the line in the sand for Bears at 2883 are of interest to watch for a turn.... I am not interested unless it happens after the long weekend.... then I'll take a look...

Euro/Dollar

I could see that coming.... lowered my stop loss just in time.... I am now flat. I lowered because the optimism after Merkel's comments is ridiculously strong across markets, especially reflected in bonds.... This almost assured that 2830 gets taken ...

Euro/Dollar

A breakout above 2830 has be bailing on this trade. That would turn the structure into a 5 wave sequence.

Euro/Dollar

Mission Accomplished !

Euro/Dollar

Critical for Bears that 2750 area give way completely lest Bulls start thinking the Greek Christmas ws only postponed till next Monday's meeting and start getting ideas about buying here and holding till then..... The big boys should run all stops ...

Euro/Dollar

We are absorbing bids at 2770 now... pile of stops below 2760 need to be tripped to get this Bear freight train moving

Euro/Dollar