Daily Chart I am bearish and looking only for short entries until we have a close on the daily above 1.2667 - Monday's high.... I don't think that will happen this week as we are nearing the weekend with a huge event risk of the Greek elections.... ...

EURUSD

Those are standing orders in the market -- It tells you that there will be people selling into 1.2600, but if we breach 1.2625 and then trip the stops ( they would be buy stops) between 1.2630 - 1.2635 get tripped, there will be little resistance ...

EURUSD

Good Morning all, Large offers observed ahead of 1.2600 Stops are layered at 1.2615 and larger pile of stops at 1.2630 - 35 The stops at 1.2630 - 35 are against 1.2625 which remains a key level.... price will struggle to get above and then also ...

EURUSD

well that's it for me folks... no entries again today.... I dont take any new ones after European equities close.... there is always another setup waiting to form.... maybe I'll catch the next one... good luck and good trading to all...

EURUSD

Its not that I don't hate it when you miss one that is that close..... but it sure does pay dividends if you can have the patience and the fortitude to stay disciplined enough to keep you finger off the button unless the setup is perfect. In the ...

EURUSD

1.2625 is a key level.... there must be a boatload of stops just above..... this could get nasty.... but I just don't see 1.2625 giving way today..... its gonna be a blood bath if it does.....

EURUSD

Since you asked -- My sentiment remains bearish until a daily close above 1.2660.... which also would be a daily close above the channel on the chart I posted earlier.... I only look for short entries until then.... I have a pre-difined set of rules ...

EURUSD

That's it Man.... you show those MF'rs.... Triple your trade size so they'll know you mean it this time ..... actually just stop trading for today.... the market will still be here in the morning

EURUSD

Depends on you time frame I suppose --- For me I am not looking for any day trading longs until we get a daily close above 1.2660

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entire libraries of books have been written trying to answer that question....

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Short squeezes like this can be some of the most violent sharpest moves we ever observe in the markets..... best not to step in front of them unless you want to get flattened... wait for it to put in a top..... instead of guessing where the top is ...

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you're early.... no signs of weakness showing ... only cause you asked

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More stops just tripped.... bunch of people just got stopped out at 1.2585

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I used to like Jim Cramer --- but his begging now that he is on CNBC during the US day session has made sick sick sick

EURUSD

If the offers have been cleared out it means the people who had them there wanting to sell have run for the hills.... Why not wait and see some topping action and then a move lower develop?

EURUSD

Large offers touted earlier at 2580 have been cleared out

EURUSD

Its got a lot of room to run some more up inside this channel on the Daily.... The closer it gets to that channel top the better shorts look on the right entry setup.... The more in goes up -- the more room it has to fall.. fall... fall It does look ...

EURUSD

Its from a subscription FX news service called IFR markets -- best in the business.... what all the trading desks at major banks use... anyone can subscribe but its not cheap, so I share some of it here when I have time... feel bored or need to stay ...

EURUSD

You have to admit the DAX gave us ample warning... here's that chart again posted at 10:16 AM EST

EURUSD

Very large offers observed at 1.2580 should cap this move

EURUSD