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jsspmk replied Mar 12, 2010Well, it makes sense to punish put buyers, once futures roll over & options expire will probably be the time Euro continues downtrend. I am staying short as I have a big stop above all this noise.
EURUSD
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jsspmk replied Mar 11, 2010"With concerns over sovereign debt lingering in the background, the euro is likely to enjoy only a brief reprieve, as investors were hesitant to take big positions ahead of Friday's U.S. retail sales data, which are seen as a key indicator of the ...
EURUSD
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jsspmk replied Mar 11, 2010A re-test of 1.373 is quite likely in play now, upper Bollinger on daily is also at that zone at the moment. 1.385 is highest I will give to this bounce. Staying short. url
EURUSD
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jsspmk replied Mar 10, 2010I believe when Obama went over to China he made a deal with the Chinese that USD will not tank in exchange for them keep on buying US debt. USD does look like it is basing, ready to take off.
EURUSD
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jsspmk replied Mar 10, 2010GBPUSD is heading to 1.344 & possibly lower, depends on reaction at that level
EURUSD
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jsspmk replied Mar 10, 2010Keep your eyes on USDJPY, it is looking more & more explosive day by day. Monthly suggests reversal to the upside via a triple divergence, anybody short following down trend in that pair beware.
EURUSD
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jsspmk replied Mar 10, 2010Intraday volume is mostly a 'double edged sword' could be buyers could be sellers, only a thorough understanding of the DOM via futures may paint a better picture, otherwise it is a 50/50 conclusion. Weekly & Monthly volume is totally different. ...
EURUSD
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jsspmk replied Mar 9, 2010Bingo! That clear reversal rests at 1.4580 rounded of to 1.46 which has to be breached to confirm new up trend. 1.46 is previous reaction high on the weekly frame down trend. This down trend is on weekly, not daily. Daily simply serves as a signal ...
EURUSD
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jsspmk replied Mar 9, 2010"Many traders and investors get hung up on price and time targets. The reality of the situation is that nobody knows where and when the primary trend will end. The objective of Dow theory is to utilize what we do know, not to haphazardly guess about ...
EURUSD
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jsspmk replied Mar 9, 2010Sweet spot for EUR corrective move is currently around mid 1.37s, testing upper Bollinger band on daily. It can of course collapse before doing so.
EURUSD
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jsspmk replied Mar 9, 2010I see stock markets since February managed to rally on stronger USD, so much for EUR/stocks correlation.
EURUSD
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jsspmk replied Mar 9, 2010Patterns are never perfect, as they are based on order flow. Even S&P500 didn't double top at exactly same level, yet it is considered a double top because it looks like one.
EURUSD
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jsspmk replied Mar 9, 2010Why exclude a bear flag possibility since it still is a down trend? Technically speaking that's what it is, as key resistance levels haven't even been touched yet.
EURUSD