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Welcome from me as well igrls, I look forward to your comments. DRT has started a great journal and I for one hope it continues. The Euro went mostly sideways this afternoon after a fairly decent run up. The dollar broke the 90 handle today briefly and then recovered a little. This suggests...

DRT: I think this is what makes this journal valuable, differing opinions that prevents me at least, from becoming too confident of my current position and outlook. Looks like we are stalled in this layered resistance area between in the 12025 - 12040/50 levels. I am closing my longs for...

Thank you DRT. I guess it just proves that if you make enough trades some actually work out. lol The market may be reacting to the U.S. retail sales figures that fell 1.3% in February, which apparently is the the biggest decline in the past six months. Things are slowing and the stock market...

Good morning everyone: I did not haul myself out of bed at 3 am this morning to check the London open, just left my stop to work its magic. It is nice to see DRT back from his vacation, rested and ready to take on the currency markets with fresh eyes. I am long from 1933. Today's...

Thank you for the link to the Objective Elliott Wave analysis forum it is much appreciated. I was not aware of it and I am always ready to learn something new from someone else who seems to be having some success. The current chart, at about 3 pm, is looking a little better and we should...

tbone: I am long part of my position from 1.1933 I use the cash chart because I have found that it is cleaner in its patterns. I simply enter the futures contract when the cash chart has hit my targets. I have attached a one of my charts that is labelled with the wave counts as I see them...

Thank you tbone for you kind words. I apologize for the delay in responding but I have been in the process of moving and that, combined with my day job has kept me occupied for the last few days. It is the case that if you make enough projections some of them actually work out to be correct. lol...

We seem to be losing momentum here and so, I thought I would post my view of the Euro and see if anyone has any comments. For those who has been following the Dollar Index can clearly see that the key overhead resistance here is 90.72, which has stopped each advance of the dollar since...

I find when the market moves quickly like this and I am not on board, it is demoralizing, at least in the short term. Somewhere, in of the numerous trading books I have read, some trader said that he found it was psychologically more difficult to miss a move than it was to take a loss. Once...

I will post the COT info as it arrives. The latest numbers will be available at the close today. May be choppy this morning until at least ten, with various data releases. Here are the releases for 10 am today: Feb 28 10:00 Chicago PMI Feb 28 10:00 Consumer Confidence...

No long position in the Euro today, I decided to keep my head out of the cement mixer and wait for the bottom to put in here. For discussion I will offer the following: my target low has been revised upward from 1784 to the 1800 level (spot). I think we will see this low before we begin to...

Buy1Sell2 Fair enough. I will be long if we manage to trade and stay above the 1865+ level. As safer trade could be initiated if we trade above the 1883+ level. My original downside target posted last week was 1784. If we reach that area I will consider a long position as well, simply...

All levels in my previous post are for the spot market. Although I trade the futures market all of my analysis, such as it is, is based on spot market pricing. I am considering changing my account to trade only the spot market and welcome any comments and opinions as to which offers the...

Good morning everyone. Well we saw a low of 1.1828 this morning. I thought that the 1844 level would hold but it did not. The market is now at about 1849 as I write this and the action here suggests that we are going to spike lower before this is over. I think we may see the 1784...

My projected low posted earlier at 1844 has been exceeded (cash) as everyone can plainly see. The maximum downside target is 1784. If we touch that level it may be on a spike and nothing more. Nevertheless, I think the bottom is essentially, in. I am looking for a spot to get long in...

Lorenzo: I think the plan you have is sound and I wish to good luck. I believe as well that this week will mark a turning point in the Euro at least in the intermediate term. Should be an interesting week.

Lorenzo: I think the plan you have is sound and I wish to good luck. I believe as well that this week will mark a turning point in the Euro at least in the intermediate term. Should be an interesting week.

Hi Lorenzo: I would be of the view that the Euro does have some downside but, it is very limited in nature before it begins to move up. One thing for your consideration. As you know, the top of this market occurred on Dec 30/04 at 1.3667 (all spot pricing here). The first correction...

DRT: You make a good point. I tend to treat these projections with care and try to combine them with other market indications that I hope will provide me with some insights as to whether or not they are likely to work out as hoped. However....your cautionary comments remind me of what...

Good morning everyone. I just thought I would add my comments to the mix regarding the current position of the Euro and invite your comments. First with the US$ Index. It has been rising steadily and is now approaching the 9149 area where it is likely to begin to head south very quickly...