Ya, that's correct. Euro popped up to the 88.6 retracement level of it's wave 1, which cable had already done during Frankfurt. Time to wait and see if the swing high's hold or not....

EURUSD

Ben's to do list before he retires....

EURUSD

After further analysis I don't see any follow thru on these monthly engulfing candles. In fact, I wouldn't be surprised if they end up closing around dojis. In other words, despite looking scary, this bull move doesn't have any follow through. I'd ...

EURUSD

Game changer today on the monthly candles. DXY painted a bearish outside reversal Euro painted a bullish outside candle

EURUSD

Retail has been net long the aussie for nearly the entire time this 400 pip move has happened, while commercials have been net short. Also, commercials are currently net long the euro while retailers are net short. You planning on longing the euro ...

EurAnalysis

The retail crowd was net long the aussie while the last COT report had commercials still heavily net short. They don't know everything...

EurAnalysis

Hi Pt, I think you're on to something here. Seems to me price just completed a flat 4 of C and your alternate scenario for a zig zag is coming to fruition. 1.33 ish is the confluence of lots of fibs and expansions. Seems a perfect place for a 5 of C ...

EurAnalysis

Nice graph. I appreciate you sharing.

The Club!

Too bad, I have next to no understanding of how to appropriately use Gann analysis. Godim, any thoughts you'd like to share on the duration of the move from 1.3104 to 1.3280? Godim, някакви мисли, които искате да споделите на продължителността на ...

The Club!

Or irregular :nerd:

The Club!

Markus, what sort of duration do you look for between wave 1 and 2's? If PipTrapper is correct about wave 2 finishing as a diagonal zig zag, which I hope he is, then wave 1 would have taken 13 days and wave 2 basically 2 days. Thoughts from either ...

The Club!

So Markus, assuming price has completed all 5 sub waves of the larger wave 1, what sort of wave 2 do you see unfolding? I see 3 waves coming off the 1.3104 low so far so unless there is a 4 of 2 down to 1.3190 followed by a 5 of 2, I'm thinking a ...

The Club!

1.3250 looks nice to add a euro shortie, price is going to struggle to get back above 1.33.

The Club!

Great posts. Times like these are when "funnymental" traders can lose their shirts. The technicals are never wrong, only some people's interpretation of them are.

The Club!

Nah, there is no "fear" of missing the train. It's all about which decisions give the highest expected value. And it's not only about earning as many pips as we can, it's also about preserving capital and protecting against losses. How many times ...

The Club!

First off, thanks for the well thought out reply. I do appreciate it as my original comment was made in hopes of starting a productive conversation. Glad to see that it worked. I do understand what you are trying to do by hedging or even going ...

The Club!

He doesn't know which scenario we are currently in, by his own admission. So being net profitable (adding value as opposed to just letting it ride) seems a near impossible task. And I'd like to hear his response to my question rather than someone ...

The Club!

Why in the world would you go overweight with eur longs or even hedge with such deep LT targets? Seems someone who prides himself on being experienced would be comfortable with riding a potential wave 2 up to 1.33 when we could be entering an ...

The Club!