I should try the 12. Goldenrod line is 21 EMA, which is even stronger support/resistance, usually. Looks like the bears are trying to take over here Or just another fakeout before a breakout.

EurAnalysis

Yeah I know , still, 100 pips is 100 pips. I got long at 2964 yesterday just didn't hold it long enough but yeah there is no reason to go higher from here, i'm sure we will see a london beat down tomorrow

EurAnalysis

and here's a 15m. i need to start playing these rallies when the price retraces back to the yellow line (8 period EMA)

EurAnalysis

. need to clean up my charts lol. still have old intraday trend lines up

EurAnalysis

Knew I should have just held my longs for a lot longer than 20 pips. But definitely did not expect that big of a recovery Bulls/bears decision point right here. I say the bears win, but you never know. Look on this chart at how many fakeouts of ...

EurAnalysis

No way it gets that high (okay anything is possible, but we have already bounced 100 pips).... You mean below 1.3050?

EurAnalysis

Yes, PT, we triple bottom at 1.26, gold 1520, silver 26, then we get QE3,and everything surges My prediction! The euro has to be saved, it's far too important of a currency, and the only way to do it is devalue the dollar.

EurAnalysis

Scaling back in half short at 1.306. Looking for 1.308 though, which is right at the 21 EMA for 4hr time frame and a clear resistance point

EurAnalysis

Agreed. I will only be looking for shorts too, and maybe the occasional long when I know the market is exhausted, but only for a scalp

EurAnalysis

There already are trillionaires are you kidding?

EURUSD

Thats because you are over the hard hump. Getting from 10k to 100k is the same as getting from 100k to 1 million. If you got the balls to think in percentages, not money. Even if you could compound leverage and make 1% a day, you would be to over ...

EURUSD

The richest people in the world are bankers who trade. They get interest from the debt slaves, and they make insane profits trading So I'd assume he is not the best, no.

EURUSD

Who said I see a bottom? I mean as in the end of the euro down move where it takes at least a 100 pip move up. Its only a short term bottom, I'll take all the pips I can get 20 long , and back in 20 short higher than TP = 40 I just try to play it ...

EurAnalysis

well it is your main position right? so if this is the bottom, why arent you out yet? im about 75% less short than I was last week, waiting for a better entry. but still scaled back in 25%, 20 pips higher. If you look at the daily chart, it looks ...

EurAnalysis

Suckered in like flies? I think it would takes some crazy news. If you believe we are breaking the 1.295 area and going lower, and you made some profit off the move last week, why not scale back in at least half way? then if the prices drops to ...

EurAnalysis

I was long until 2983, now im short again same spot, got an extra 20 pips on my main position (closed at 2964)

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and where are my manners? hello everyone, hope you had a good weekend thanks for the great charts PT

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anyone thinking we need any sort of correction to short more, or are we going to be consolidating here at 1.2985

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NO doubt about that. I traded for 13 hours today I'm wiped. Hope everyone had a good week, and have a great weekend all.

EurAnalysis

PIpTrapper, Thanks for letting us know who the regulars are here and thanks for the welcome. I enjoy this thread immensely more than the others. Hope you get some good rest everyone and PT would you please draw up some charts and key short levels ...

EurAnalysis