Search results

I should think if it drops below 1.1129 then south to 1.0820 for the time being? What do you think?

It hit the target and more :)

More than half way towards it - made almost 160 pips so far from Fri close

Maybe towards 1.0555?

That was nice and easy. I would take profit at this point (bottom red line on the attachement) and wait for another sell set up...

I would say it's still falling. Only dilemma for me is if I should sell it at this level with a stop above that horizontal line, or if I should wait for it to see if it goes up to that sloping trend line and sell it there. What do you think? PS There is a chart with lines attached for your...

Agree with you Syswizard - ECB may do some serious whacking (at least they are considering it)

Well - it dropped 67 pips (which is not too bad if the range in the last 4 days was around 74 pips). Anyway I expect it to drop more...

ECB mentioned QE, so I would expect euro to go south

Merry Christmass and Happy New Year!

You may be right Contra. It's too late for me to move my stop further away (would make the risk unacceptable), but if I could - I would've moved it to 460 (low after that big move on 18 Sep) or 450 (100% Fib) However I'm bullish if it doesn't go below 480 (last dip on 9 Oct)

well - it's ok if it doesn't drop below 480 (if it does, stop would take care of it)

Back from hols - I'll try a bit of short term trading: buy at 1.3563

I must say I'm bullish, but need few confirmations (based on charts). Also on Thursday could see an interesting play - it dropped after US reports and then big players moved in and pushed it up in no time. It wouldn't be wise to play against the puppet masters imho.

It didn't break it (already tried once). Expecting it to try again...

Well - it came to that area. Now it's taking stops left, right and centre before breaking up or rejection.

That was good Contra - no one ever went broke taking profits. I know there are some who may disagree, but we don't know if they're real traders though. We are in a massive triangle and when price reaches it again it may react nicely (offer some nice trading opportunities). For the time being...

That's the biggest one day move (441 pips on 10th July 2013) in more than 4 years (since 18th March 2009 - 548 pips) - if I'm not mistaken. What do you think? Is it going to stay within that 441 pips range for ages, or are the big moves back? PS It may not be very vise to trade without...

...and outside day. I call this H pattern and would expect unpredictable price moves afterwards. I don't like guessing and would stay out next week (avoiding NFP on Friday)