Not me! I agree with you as the dollar seems to fall whenever Bernanke's moving his lips. He has proven that he doesn't care about the dollar with his actions and the markets see that and price it in.

American-T

Looks like a lot of mid range backing and filling right here. No direction at the moment. I like Jamie's count. I would lean toward being short for the chance that we may be in a third to the downside. With the obvious stop where he indicated above what would be the ABC correction off the low. Still holding the core 1.59 short until proven wrong.

One observation: When news you expect to move the market in a specific direction is released just as you expect and it FAILS to move the market in the direction you expected it SHOULD ... may be the time to review the situation. :-)

Ain't that the truth!

Yes, but for EUR bulls it can be other problem. NFP which would be positive (can happend) and price action is showing exatcly that this can happend. Some shorting from institutionals, which have data beforre we do and mass of stops went trough. NFP can be positive!!!

8000 jobs new in the USA and CNN just said it would take Onehundred thousand new jobs just to break even. The anylist said the fri broad job loss report wil be way down. It tells a better picture. OIl is starting come up from below 100 that should help the EUR. The JPY has a long way to fall right now that means the diferental between the pair could send the EUR way up! Last night when the cross usd/jpy was at 101.80 the EUR/USD was at this same level!! Now the JPY is 102.78 and the EUR never went down to the cross as it allways does. That tells me the EUR is on the BID and even with under 100 a barrel earlier was a good value at these levels. if oil climbs much more that will why on the uSD and the pair should cross paths. Dont forget to wave when we fly buy. PSS yes that is a wedge forming. Realy se it on the five min chart. Early indicater. Just took a long at 1.5623. Stop 1.5572 Limit the sky. Or ?? after we move up into the 1.5750 range ill move stops up as to not take a loss. As far as top? I realy think we are just going to keep trucking from hear. I cant see anything ahead that will weaken the EUR to the USD exept for oil to tank to 98 a barrel.

holding 102,38 avg shorts on yen and will add more if it goes to 103.20.....
this trade was so uncalled for and i have taken out remaining long from 5572 at 5629.
now have only lots running form 5649 along with shorts taken on euppy from 160.44....
will add to euppy shorts above 161.30 if it gets there......

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

Stryker whats the wave cout on the JPY looks to have fizzeled now? three big day must be time for a correction ?

EUR/USD may be breaking out (currently 1.5658) but needs to break 1.5673 to confirm the larger bullish potential. If the bullish count is correct, then this is a 3rd of a 3rd wave, which means a fast and furious rally starting. Watch 1.5673.

American-T

THIS IS A MUST READ! This is what a Brillinat mind can figure out. I found an artical in a 2001 sept issue of Futurse mag. Read what this study sugest. He is very accurate!! Its amazing! http://www.kwaves.com/kond_overview.htm Lots of terror stuff on the news today?

You mean that 73! AT can I borrow some duct tape I chewed threw my last roll. Looks like a res point. To nail threw soon.

to be honest no counts here......... i just thougt it would catch up with the other majors
but this would accelerate tommorow and should lead the rally...

__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

We will breal res right now!! oil just rocketed I hope it holds up?

LOL! We're gonna have to get you a mouth piece too then. I also have horse tranquilizers I take during really intense times, like Fed rate decisions. My girlfriend hates it though because she's the one that has to clean the puddles of drool off the keyboard.

I show a 2 pip break of 5673 to 5675, which eliminates the alternate bearish viewing calling for wave 2 down to have topped at 5673. Setup is bullish, and my stop is now at 1.5570 which I believe is just below the true wave 2 on the preferred bullish count.

Now I want to see some follow through above 5700 soon. If this is a wave iii of 3, then it should act like one and continue moving up hard and fast.

American-T

AT,

Using Jamie's count of this morning we could be finishing a minute wave ii and beginning a wave iii down. The key is your number either way right now. As far as I can tell.

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Well this is the nail biting moment! :-) It's either going to breakout to the upside right here or fail and then take out the lower range of the day. The moment of truth. LOL. I'm sweating it just like everyone else.