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Zappa commented May 29, 2012EURUSD should make its way up to 1.2630 pretty soon. After that, I can't say.
Euro falls below $1.25
- Zappa commented Apr 23, 2012
Very nice. Yeah those broken TL's have a funny way of coming back into play and many times price reverses off them precisely. If I had to pick an exact price where the reversal will occur (assuming it goes there in the first place) it would be 3078. ...
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
Would that be the .618 of the rise?
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
Ok... and here's where I'll give you all some of my theory. Price came up and took out a high at 3159, getting some shorts to close and others to buy. The buyers will place their stops at low of day. Price will head down there, take them out and get ...
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
I find looking at the other major pairs very helpful. For instance, I see something in USDCHF that leads me to believe it will go up. It's just a little confirmation I get to compliment the other stuff I see in EURUSD.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa replied Apr 23, 2012
A successful trader is one who has made a lot of money from trading profitably. Obviously there are different levels of success, but you can't call yourself a successful trader if you haven't made a lot of money from it. That's the whole point of ...
Define a successful trader in 1 sentence
- Zappa commented Apr 23, 2012
Trip back to 3080 area looking more and more likely. Should bottom out there.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
Learn the most basic, popular tools and theories. Then learn how to use them against it's users. But I'll tell you this right now, this is going to take a loooooooong time to get good at and you better have it in your mind that you're going to ...
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
Preferrably a quick, scary looking drop.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
Well, it's not a given, but I still expect one more drop before returning to 3300+.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
Rockerhell, the only advice you need is to not follow anybody else's advice.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
Rockerhell, no offense man, but did you just start trading last night?
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
I think it'll crack that TL from the 18th and 19th before going up.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
3080ish is probably likely too, but I'm fairly certain this will be heading back up after that.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 23, 2012
I think we gotta hit 3100 first.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 22, 2012
Let's see if the gap gets filled right away. Hopefully it will drop to 3100 before filling the gap, in which case I would definitely be bullish around there.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 22, 2012
You need to close all trades and come up with a plan before you enter any trade. This means determining beforehand what you will do if you are wrong and the market does not do what you thought it would do. With that said, there is a decent chance ...
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 22, 2012
I think we'll be seeing a dip to 3100 before heading back up to 3400. The rise to 3400 is not a definite, will have a better idea after viewing the drop to 3100.
EURUSD: Stages A Recovery, Sets Up For The 1.3387 Level
- Zappa commented Apr 20, 2012
Looks to me like we'll see a small dip early next week, and then a nice move to 3420. I was thinking 3290, but 3420 is looking more likely. Maybe after that, we can finally see the drop we keep getting teased with. It held on by the skin of it's ...
Is the euro rescue succeeding? An update
- Zappa commented Apr 20, 2012
Well, there she blows. Sometimes you lose your bait when you go fishing. Let's see if it makes it up to 3280-3300 area to try again. Have a good weekend, folks.
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