Long the Euro at 1643

I disagree with everyone on this one, I think the longs you made were retracements. No way would you catch me long right now. bottom is not here yet.
 
You were right gorilla. There is a bottom coming soon according to commitments of traders report. But until there is evidence of a new trend it is still down. There is nothing close to a confirmation of a reversal yet.

It's 3:44 A.M. my time and I am in profit in the short term by shorting the GBP/USD. The EUR/USD is pretty much the same.
 
eur seems wants more south...I pted all shorts here...will short latter
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=899619>
 

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I don't understand the time frame on that chart, Tactica but that is a very interesting projection.

If it is correct there is a long way to go up but there is also currently about 200 PIPS down to below 1.1500.

I will see if that site explains further.

Thanks.
 
That is an interesting site, Tactica. According to them the GBP/USD is already below it's reversal point.

I haven't quite figured out what all that information is about but it seems like there is something useful there.
 
Quote from MountainTrader:

I don't understand the time frame on that chart, Tactica but that is a very interesting projection.

If it is correct there is a long way to go up but there is also currently about 200 PIPS down to below 1.1500.

I will see if that site explains further.

Thanks.
More...

Time Fram is just NY EST...
Off course take off 1.5 days ~~ and do the adjustement for the date time..anyways I think shows the point anyways.. :)
GL
 
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