Daily EUR/USD trades

Quote from Buy1Sell2:

Looks like I should be very very careful and watch for signs of downward continuation on short term charts.
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Referring to the hourly chart here, there is a solid WRB there, OK it was there as a consequence of the CPI, but I believe it would be ~30% probable for that WRB's low to be broken today anyhow. Next resistance on 240 is 85 pips away and MACD is edging higher on 240 also, slightly
 
My 60 minute chart says long so I will stay that way for now and add if we get up to those levels that I mentioned in my journal 1.32570 and 1.33110. It would be nice if the 240 could come along for the ride--I would feel better, but it lags the 60 and 10 so maybe it could join up later--
 
Could you post your 60min ? I can't see anything bullish in it yet.

I think this morning's move was a great opportunity to short some more...

Edit: but I have been wrong many times before, so my statement above can be seen from a very very very humble perspetive..=)


Quote from Buy1Sell2:

My 60 minute chart says long so I will stay that way for now and add if we get up to those levels that I mentioned in my journal 1.32570 and 1.33110. It would be nice if the 240 could come along for the ride--I would feel better, but it lags the 60 and 10 so maybe it could join up later--
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Quote from romik:

1.3083 on daily's provided support, if it fails then I would say next stop would be 1.3027 - 1.2957. Weekly chart might end up with a full BRD. This is definitely not the right time to play this pair long, unless fishing for 10-20 pips IMO. I might take some shorts of shorter time frame.
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oops a daisy
 
Quote from optionpro007:

Could you post your 60min ? I can't see anything bullish in it yet.

I think this morning's move was a great opportunity to short some more...

Edit: but I have been wrong many times before, so my statement above can be seen from a very very very humble perspetive..=)
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Just one of those situations where the hourly faked me out.
 
I won't hesitate to buy again if the hourly shows strength again. This is one of the reasons that I had my entries on buystops as he market would move up. In this manner I did not get a huge position on that would reverse and whack me today.
 
Aren't you trying to catch a falling knife in the Euro?

Quote from Buy1Sell2:

Rentered long at 1.31500. ( I was stopped out earlier at 1.31530). My stop is now at `1.31260
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