This type of market tests the best traders emotional control... Many did not prepare for this. These moves are signs of liquidating markets and in my experience its really when you have to practice PATIENCE and discipline

EurAnalysis

That would certainly take some serious combined CB participation to pump risk up to that level We would have a LOT of resistance to get through in order to reach the 2750... I have the 1.2460/1.2502 as the channel top here.... MAX

EurAnalysis

Good morning guys Looks like Draghi gave us a bit of a treat and risk a bit of a shot in the arm. Coupled with short covering and large players scaling out of their massive shorts in this downtrend. It proves to put on quite a show. I took the ...

EurAnalysis

No doubt Now watch the Daily close right on 1780 and just screw my entire game plan...lol

EurAnalysis

This shows up as an area to build a potentially 1000+ pip position trade to me. I am just being patient and waiting for my signals to start scaling in for the first leg... wherever it goes( probably down if you want to discuss and cite ...

EurAnalysis

Its just a significant number from some data mining that I use on the monthly/daily/weekly TF's I dont trade off candlestick charts. Just use numbers. Looks like My PA and your Flag are setting up to look about the same. Ill build shorts also if we ...

EurAnalysis

Just as a quick note guys... If the EUR/AUD closes below 1.1780 today prepare for a quick drop to the 1.1600/1.1615 level

EurAnalysis

lol the key is just to be thankful for what you get. remember failure keeps you humble, success keeps you glowing, and faith is the only thing that keeps you going.

EurAnalysis

Good morning guys. Just a quick update This is still our major level of support [quote=Wulfgar;5873322]Trade Plan for E/U -Let pair move past 1.2095/1.2105 area and reverse – Place a SELL STOP at 1.2081 looking for the 1.2050 area for Tp and ...

EurAnalysis

I am self admittedly not a good enough trader to recognize what a bottoming process really is or be able to accurately quantify one. Generally I know with a major trend type market that the reversal typically begins with a massive capitulation move( ...

EurAnalysis

just the numbers... looking for a confirmed rejection of a strong area of resistance and then a channel break to enter.. Im currently short per the plan. My stop is 30 pips above the high... We will see

EurAnalysis

Hey guys. Just stoppin by to post up the trade recos and a bit of a review on the market. DOW – down 104.14 points to close at 12,617.32 Oil – up $0.09 to close at $88.23 – next level of support is $85.44 Gold – up $2.20 to close at $1,579.80 – Next ...

EurAnalysis

Messaging from the Road. I am currently FLAT Just a heads up the 1.2000/1.2019 channel bottom is coming up. This is a strong level on any and all time frames as well as a psyche level. I will be watching fora bounce and looking for a possible swing ...

EurAnalysis

In addition I just wanted to point out and thank CurrencyMan for his invaluble finds on fundamental analysis. Anybody new to the business with an interest in increasing their knowledge of money flow and fundie analysis should take the time to read ...

EurAnalysis

A fundamental update. Moody’s lowered its outlook on Germany, the Netherlands and Luxembourg from stable to negative, causing the common currency to slip against all pairs. Moody’s said that there’s increasing risk of Greece exit and support for ...

EurAnalysis

Hey guys I just wanted to copy over my trade recos.. I apologize they are a bit late. One of them is already triggered This next 24 hour period I will be focused on the EU only for live trading with a close eye on Swissy/Cable/ and Aussie as ...

EurAnalysis

We must be lookin at the same thing my friend I actually have some TP levels set at the 1.2033 Bias number only because oftentimes price will not get exactly to the larger 000 levels on the first try before a bounce. Also still looking for the GU ...

EurAnalysis

Hi guys I trust everyone had a great weekend. I am not going to be actively trading tonight while I let the market establish its new range and then give a concise analysis on where I feel it will be going next and the trade reco's that will follow. ...

EurAnalysis

Good watch A very good friend of mine and great trader sent me this link video

EurAnalysis

I remember the fateful day in May 2011. Trichet disappointed the markets in choosing NOT to continue the ECB rate hikes. The 1.4911 was a number I had on my radar as a MASSIVE level to either open the door to 1.6 or as a prime reversal point. ...

EurAnalysis