I used to make the same mistake you're making right now (well...that I think you're making...time will tell). I preached technicals till I was blue in the face. I saw macd's/rsi's/fibs/waves/etc blow up in my face time and again. It's because I was ...

EURUSD

Did you happent to catch the b-e-a-utiful golden cross on the 1D that just happened with the 50/200 SMA, and the 100/200 soon to follow. Another sign this train aint stoppin until 1.4!

EURUSD

Nah...I think you'll see it stick to a range of around 30-50 pips. Now come 3am, when all those crazy Europeans get their fingers on their keyboards...then you'll see some price movement. Could be big if it breaks the .3660 level too.

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That's why I'm preaching 1.35!!

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200 immediately...nah...it'll start to price that in on Thursday...but you'll see a move of at least 40 pips on the news...especially if it's alot worse than the forecast... Another thing to take into account is whether the .3660 level holds. If it ...

EURUSD

Sorry...I meant to say .3675 (where I took a nice sum earlier today after shorting the euro)

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I always wait for a candle (at the very least on the 5m chart, albeit 15m is much stronger indicator) to close outside of the range to indicate a breakout.

EURUSD

I read that too...that's why you have to keep an eye on the US treasuries. I've got an article on my blog that I just read about the inner working of the fed, and their targets for the QE2. You can find it here: http://www.pipsandhoes.com Also...a ...

EURUSD

I think you're talking about the perfect storm to drop into the .32 areas: 1) US Equities Tank 2) QE2 doesn't go through and Big Bern does a 180 3) Housing Market/Factory Data Improves in US 4) European debt worries return. Now AFTER Christmas, ...

EURUSD

Couldn't agree more. If the equities market tank...you'll see the Euro fall hard (my est. is 1.35) If the markets hold...you'll see a moderate, albeit slow rise into the .38s and possibly on to the .40s...but this rally looks like it is starting to ...

EURUSD

If the dow is making up points in the after market, its going to DECREASE the chances of the dollar dropping, and add strength to the EURO. People will be moving out of the US treasuries and back into stocks looking for greater returns which would ...

EURUSD

The fed's talking about increasing the money supply by up to $1T. I think some of it may be priced in, but not nearly all of it. The USD will rally after the start of the year...but I'm very bearish until at the very least, November.

EURUSD

Today's pivot is at the .375, and it's been facing resistance bouncing off of the 100sma on the 5 minute charts.

EURUSD

Pretty sloppy ABC. With all of this upside momentum, and already a correction of over 100ps though...I think we may see resumption of the uptrend in the European session. Worst case scenario, it bounces off .35 up to .40 in the coming weeks (so long ...

EURUSD

I used to think the same way...then my bankroll went bust! I crack myself up when I think about how I believed I could tell the market that it was wrong and/or what to do. lol.

EURUSD

Agreed. No reversal is going to happen without some seriously bad economic news coming out for the Euro (or good news coming out for the USD - like Bern forgetting about QE2), and I just don't see that happening. You have the fed intentionally ...

EURUSD