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- todstars2 replied Feb 23, 2012
The technical reason I'm probing for short position here on the Dow is based on the Broadening Formation bottom established between 8/30/2007 and 11/15/2007 on the Daily. Good "clear air" for weeks. Good enough indicator for my trading style.
EURUSD
- todstars2 replied Feb 23, 2012
no, i trade the price action only. Although one fundamental note. All the news is saying our situation slowly improving here in the US. Good enough reason to "(buy the rumor)SELL the news".
EURUSD
- todstars2 replied Feb 23, 2012
Looking out for the Dow to start selling down heavily...I hope and believe. Quite a bit overextended and 13000 certainly presents a nice psych barrier. EUR should follow going into the afternoon. 2 CFD against the Dow now! Wooooohooo!
EURUSD
- todstars2 replied Feb 23, 2012
Hedging my long right here with a short back to 1.328 which is the overnite trend line short term. make some money going and coming!
EURUSD
- todstars2 replied Feb 23, 2012
looks like its going for a re-test of this mornings high at 1.33414 on the 15 minute. good point to watch.
EURUSD
- todstars2 replied Feb 23, 2012
1.332ish to 1.335ish is the upper limits for today, not much further. Bulls will not give up till later, then we slide off a bit for a breather going into afternoon, i think.
EURUSD
- todstars2 replied Feb 23, 2012
long and strong. following the primary trend. no end in sight yet.
EURUSD
- todstars2 replied Feb 23, 2012
EUR Pricey! — She will not get much further today! 1.332ish to 335ish Primary trend remains upwards. Strong resistance to overcome between 9/23/2010 and 11/24/2010. One more confirmation, the Dow is testing the other days high at 13000 Ready ...
EURUSD
- todstars2 replied Feb 22, 2012
EUR Bargains — The story remains the same. After much action today, the Primary trend remains long and short term looks the same at the moment. Strong support remains at the arrows barring further downward movement for the moment.
EURUSD
- todstars2 replied Feb 21, 2012
Solid base with greater than 2 week spread between supports indicated by arrows. Exceed required 3% minimum from downtrend breakout at 1.325ish This could be good support for going long again if not already in. Wary of 66% Correction ...
EURUSD
- todstars2 replied Feb 21, 2012
another scenario, this is the 3rd test of this top over the course of several weeks and if we can break it we soar upwards like an eagle since we have much more than 2 weeks of back and forth trading built up underneath. primary trend remains up.
EURUSD
- todstars2 replied Feb 21, 2012
megaphone defined by a double top, unfortunately with less than 2 weeks "clear air" between, pointing down if you want to narrow the time focus some.
EURUSD
- todstars2 replied Feb 21, 2012
I see a double bottom first touch on 8/22/2010 and second on 1/15/2010 Kilroy bottom if you look back to 6/6/2010 as THE bottom. Is that what you are referring to? Im also seeing a top of channel test at 8/1/2010. Short term downward inside the ...
EURUSD
- todstars2 replied Feb 21, 2012
i do my own analysis. daily has risen 3% off the downward trend line break on 1/18/2012. this confirms a upward trend in classic technical analysis. something else may be afoot on other time frames. havent analyzed them as thoroughly. I will say ...
EURUSD
- todstars2 replied Feb 21, 2012
Daily chart tea leaves reading.... I would agree in the short term but the lowest I see it getting is the bottom of the channel Ive been following here for the last few weeks on the attached chart, 1.296 area then another rebound. Long term we have ...
EURUSD
- todstars2 replied Feb 21, 2012
1.33 seems to be the psychological barrier today. bulls make money, bears make money, piggies get slaughtered. Dont be a piggie. Down is my feeling too
EURUSD
- todstars2 replied Feb 21, 2012
Fat Finger Strikes Back — It's near time Fat Finger begins to strike back and send all these little piggies to slaughter. Got em all worked up on the bull side last night. Must be a blood bath soon!
EURUSD