I always track annual/monthly fibs/pivots Last years high on the AU was 1.10792 and the low was .93867... we are smack dead center in the middle of that at 1.0233.... thats a major area price has channeled around since making this large channel.... ...

EurAnalysis

to add to it... from a FA perspective... Australias banks are still very liquid and very strong. They are having no problems lending. The resources sector is still very strong and unemployment remains low. Now dont get me wrong.. a break past the ...

EurAnalysis

Reading through the RBA minutes has be bullish on the Australian dollar for the time being. Since they did NOT slash rates it is a sign of a very strong infrastructure and we also happen to be at a very heavy demand point on all aussie based ...

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No doubt... This area is a MAJOR area though as evidenced by the strong rejection... the 1.2250 is next up and then 1.2212 and then back to the ole 1.2154 which opens the door for the larger move back down to the 1.1780... if the 1.2339 is breached ...

EurAnalysis

hey my friend closed EURAUD longs at the 1.23238 and opened my first short there... We will see if the 1.2339 area i discussed earlier gives us anything back in the direction of larger downtrend

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it just depends on the broker... lots of brokers provide 24/7 access to the markets Wellington traders have been at it for hours now.... its just most retail brokers are lazy and dont open till 5PM est for some reason.

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Beautiful up there on the North shore brah. I found some places up near sunset beach that looked pretty nice... Im def Jelly ...lol although there are worse places to live than Southern California...

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No problem brother As far as the majors go guys we should see some real trending begin soon after this holiday as the major players are back from summer vacation The 1.2695/1.2740 on the EUR/USD is HUGE and opens the 1.3072 again if breached and ...

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Immediately looking upwards I see the 1.2254 as a major area of contention on E/A, on par with the 1.5407 on GBP/AUD. Beyond that should open the 1.2339/1.2350 on E/A and 1.5500 on the GBP/AUD. As far as the EUR/AUD retesting 1.3.... It certainly ...

EurAnalysis

Watch the 1.2152.... its a major on the monthly/weekly/dailys... the break and close over it tells me it needs a confirmed retest of that level and a break of the new high to confirm a move to the next major channel. For now though I expect it to ...

EurAnalysis

And on that bombshell.. im outta here and getting my day started... lol

EurAnalysis

Thanks PT. I hope you have some beach time planned this weekend! You gotta get off these screens and enjoy the summer. You have got to be the most "market active" position trader Ive ever met

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I trade off price entries based on daily/weekly/monthly numbers and probabilities. What happens today at the close determines my next moves right now we are making a small channel between the 1.2583 and the 1.2609 London is gone, major positioning ...

EurAnalysis

of Course brother... stick to your rules of engagement all we can do is just locate the channels and trends, supply and demand, watch for PA to give us a trigger, manage the trade, and be careful about the news

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seemed likely it would be slow and boring... i really was just nursing some EURAUD longs which I closed out at the 1.2152 level yesterday(again a weekly supply zone) and I closed out some older AU shorts this week at the 1.03 level But no new ...

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Thats the place to have it my friend.... Im a longer term seller with only short term longs until that level is broken with momentum/FA backing Seems the take home message from Bernanke was "I would like to see the S&P at all time highs without ...

EurAnalysis

I know not many on here follow the larger swing moves other than PT. But we are smack dead center in a major weekly supply zone from the 1.2588-1.2695 zone with potential overshoot range being the 1.2695/1.2745 Fundamentally the Jackson hole ...

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thanks guys.... lol shows how attached to the markets ive been.... too much time at the beach this summer apparently

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Good advice PT That solid base of knowledge is vital for success in the markets.

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hey guys What a slow week this has been. I literally have placed 1 trade and just been managing some various shorts. Big momentum spike down today. It obviously all hangs on the next few days when Bernanke speaks Be careful with your leverage guys ...

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