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12:33 PM EST Price 1.1923 I have the 1.1924 area as resistance right now. If price push thru this area, I will look for a pullback to here. If this holds, this will be a good sign to me that we are going to move up in future sessions. If price moves down from this resistance, look for...

Price went thru, but I am not going to get long. I am not convinced yet. May be sorry, but I do not like the price action I see.

I got an idea. Let's range trade for a few more months. We can make money this way:p

Seems like a lot of indecision. Bonds not cooperating either for longs

The Battle

There is a lot of selling taking place just under this 1.1907 area and the bell curve is supporting a move down from here. So be very careful with any longs until this area is broken thru and holds. DRT

1 may also consider entering long again 1.1980-1.1981. After all, we want the NY guys to have a nice spot to enter once they get settled in. Just wouldn't be proper if they miss anything.

I just flattened out at 1.1902 on the second failure to get thru 1.1907 will look to get long above again.

I just got filled long at 1.1986. Same plan as before. I will watch the 1.1907ish area if we do move up. I may be wrong, but I feel the test of this area is really important. If we break thru and move on up, then we may see the 1.1980 area in the sessions ahead. IF WE FAIL at the...

Not sure of the timing on this but the intent looks good to me. I see a possible entry around .8441 with a target of .8482. This is a tuff one to trade with tight stops.

I sold my original position at 1.1901 for 11 ticks. I am looking to re-enter long at 1.1886. If I don't get filled, I will re-position above the 1.1907 area.

This looks right on to me too.

A short thought on these bases...it is my experience that a true temporary bottom always gets tested at least twice. If you remember yesterday, price hit the 1.1905-1.1907 area and shot out. I am always more confident if we go back down and test, pick up the fills so the curve develops...

6:13 AM Price 1.1902 Price is heading into the 1.1905-7 area. It may turn back down. If you are inclined you can enter long around 1.1985 if it does in fact head back down and you missed the first opportunity. You could also sell in this area for a quick 15-20 ticks. And wait for it to...

For those of you who are fine tuning your methodology....I want you to think about somethng right now. The majority of individual traders probably see the market going down and are short. They may very well be right this time, but in my opinion they sold very low and could have sold their...

Here's the same chart I put up last night only where we are with SPOT right now.

Good Morining Everyone. Well patience paid off. Maybe. I just exited the short trade from 1.1934 and reversed long at 1.1889. There may be more downside, but I am going to see if I can catch a move up. That was a tuff 45 points so far. Same as yesterday, I think we will need to clear...

If anyone still wants to play along..... Take a look at this chart and tell us what you see?

The Answers to the question below are both fine answers. What is the Purpsose of the Forex Market? Drilling down just a little, the purpose of the Forex market as far as the EURUSD is concerned is to set the price of the currency at any given time in an Open Free Market. All sorts of...

Nature is painting for us, day after day, pictures of infinite beauty if only we have the eyes to see them. --- John Ruskin These lines may not continue to contain this fast moving bullet too much longer.