LOL Always keep in mind I don't know what I'm talking about. But if you like my charts, thats great too. There has been a major change in the algorithm I use. I will take the time to explain it sometime later on, if anyone is interested. But the ...

EurAnalysis

True, its only 50 pips away. Market has to go somewhere and there is no reason for it to go up, other than the fact that it hasn't really done any ebb and flow

EurAnalysis

just look how much easier it is to go short (going with the trend), everyone scalps short. easy pips if you short exactly on this trendline, although the reward is not very great, so use low leverage and just do this to keep yourself occupied

EurAnalysis

completely agree, its very stupid and poor risk reward most of the time

EurAnalysis

I honestly could just tell, they kept stop hunting lower by 2 pips throughout 2870 and 2860, very slowly inching it down to an even number like 28600. It took so long to get down there because of the bids that came in before 28600. IMO. Got out for ...

EurAnalysis

1.2860, check the support from January 2011. Yeah it was breached last time when we went to 1.2624, but its still decent support.

EurAnalysis

Got Long at 2865 (when price went to 2860, 50 mins ago)

EurAnalysis

I think we are targeting 1.285 now unless this is just another stop hunt

EurAnalysis

YIKES! This doesn't look like another stop hunt. Although I could be wrong, of course..

EurAnalysis

Your view sounds on the money. Markets ebb and flow, always important to remember. Plus, the big boys wouldn't make as much money if the markets only moved in one direction. The more volatility, the more profit. I have a feeling that markets will ...

EurAnalysis

I also have a new way of entering trades. If I think I can get 50 pips out of a move, I will place a 10x leverage with a 5 pip stop (only if i can get in on a retest of the highs) in case they stop hunt the highs = 0.5% stop loss. I will also place ...

EurAnalysis

Good morning and good evening Damn I almost went long there at 1.2880 Why I'm so afraid to risk 5 pips on a long, I'll never know What is stronger, 1.2905 or 1.2880? Something has to give soon, that range is too tight.

EurAnalysis

Lol the moment I open my mouth we just had a 8 pip 1 minute candle. Probably will break this trend line now.

EurAnalysis

True. Its holding but not with much conviction yet.

EurAnalysis

Same to you. Good luck this week everyone I think we have an intraday bottom here at 1.2880. We'll see how it holds

EurAnalysis

Is it this easy really? 1.34 doesn't even seem possible (okay anything is, but who would be buying and why? I guess USD events can cause Euro gains) even if Greece magically pulled 1 trillion Euros out of their ass. There is still so much wrong ...

EurAnalysis

Strange.... On the 5m chart it shows that trend line reaching at 1.2905, but on the 15m it shows it at alike 1.287 I really don't know what to believe now But the 5m looks correct. As it bounced off that line exactly, and that line is now ...

EurAnalysis

1.29 does seem like its holding as tough resistance though. But I think that will be just short term until we know whats up with Greece And hope you all had a great weekend

EurAnalysis

Trendlines. Never underestimate them, no matter what the sentiment may be. (unless its a rate decision or some other panic buy/sell event). They almost always bounce on the first test.

EurAnalysis

A look ahead. A downtrend that negative in slope can't hold forever. I bet we go lower and retrace off this support area then test 61.8 Fib again. Of course, I have no idea what the market is doing right now!!

EurAnalysis