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Yes, my order was entered and stop was hit. Just posted after that. I am looking for the upper target (12200 +) and just trying to decide if to close at that level or, put in a sell stop and see if we move higher. Makes better sense to put in a stop and let the market take me out if that...

Long at 12111 or 12168 basis June. Some minor resistance points between this level and 12210. Good luck

I will be long the Euro on a break of 12110 (cash). The spread today is about 57 pips basis the June contract. Next key resistance is the 12210 area. Don't jump in before we see the first level. Good luck.

Spersky: We may see that 1990 level before we are done here but I don't expect this spike to extend much below that level. Either way, we are very near the bottom here I think and I will be looking to go long in here. I will just wait to see how the market settles out in a few hours...

I am not long just yet, I think we may see the downside targets in my previous post hit before we are done here. However whatever move that is left is likely to be short lived and we should see a reversal either today or tomorrow at the latest. Good trading

Spersky: If I am calculating the spread properly that should be about the 12028 level basis cash. Looks like a good spot to initiate a long. Even if we are a little early, the maximum downside risk by my chart is 1.1990. I don't think the Euro is going dive much below this level, if at all...

Euro finally moving to the final low of this minor corrective phase. Target 12032 - 1.1990 Best profit potential is to catch this turn as the Euro begins the next leg up to 12323 as the first target. Correction should be complete before the weekend. I look forward to any comments...

Good market to stay out of until there is some indication of a move, one way or the other. Downside to 12030 is still my preferred view but I can't see a good risk/reward here. Good trading everyone

I agree with you that we are going higher and just need to complete this minor correction before we do. It may be that we will not see the 12030/40 level, 12060 may be the bottom. It may be a little early to tell. I agree that by the end of the day today we will have a better idea of where we...

Buy1Sell2: Its only my take but this is how I currently see the weekly chart. It is usually the time frame that I use to determine the intermediate trend. All quotes are spot. From the high at 13665 on Dec 27/04 we came down in in a near perfect 5 wave pattern to the low on Nov 21/05 at...

As expected we had a correction this afternoon after touching a low of 12075 basis cash. The high was 12113. To recap (all cash pricing): The weekly trend is up with a target of 12509 to 12653. We may see a final print closer to the latter target. The daily trend is down but is likely...

Unfortunately I am going to be away from the screen for most of this afternoon and decided to close out my position for now. I expect we may get a weeee retracement here and another opportunity to go short. Trade so far: Short at 12211 Close at 12151...

Good morning Spersky: The spike this morning was I think just a run on short stops. We seem to be moving to lower territory now (we are at about 12088) and I am still short from the level on my previous post. Target is still the same. Good luck to you.

Just a standard wave 4 retracement in the range 38-50-78 regards

The two entries are the spot price plus the 68 pip spread. Short at 12146/12211 M06 Target: 12036/12104 M06 My short entry basis M06 was at 12211. The target is 12105 basis M06. This represents the 50% retracement of the run up from the March 10 low of 11856 to the high on March 17...

Sorry, yes short at 12146 basis spot. My trade is executed in the M06 futures. All of my analysis is done on the spot market. Current spread is about 68 pips. Best regards

Short at 12146/12211 M06 Target: 12036/12104 M06 Good luck everyone

Not short yet. Action in London this morning didn't offer much insight. I was waiting for a spike higher. We may briefly hit the 12216 resistance level. Couple of days of down to come. Currently have a sell stop just below Friday's low just in case. Looking for a higher level to go short...

Hello Everyone: I haven’t looked at the Euro since Friday except to note the closing price which was at about 12184. As expected, there was very little upside action before the close and not enough of a risk/ward in either direction to warrant a trade. This is my two cents worth on where...

I am shutting down for today and will do review of where we stand on the weekend with a view to being ready for a new trade on Sunday. If we do so see any further upside today and we may, I think it will be fairly limited. In any event my next trade is likely to be short and then, a...