Everyone can be wrong.. I m not saying it'll go my way, but if you take in consideration that gold fell almolst 20 USD today and GBP loosing ground... Oil is also falling with all comodities ...

There is too much longs in market if you ask me. To go up would be a big suprise... and if you look at price action .. we are constatly getting lower highs... just matter of time that we break supp at 1,5550 and continue lower. Stops are at 1,5490 or so and that is interestin level to spike at. Take all longs out of action and then maybe go to 1,57. If you remember .. there was wery bad IFO and I learned IFO lession when it droped from 1,5840 down to 1,53xx. It was row of bad data coming for EUR and I was long from 1,5920.. got stoped at 1,5870-.. relonged 1,5760, 1,5630 1,5560 and 1,5480. After that I was so mentaly ----ed up that I couldn't stand the presaure... gave up 20% of my acc and on bounce back to 1.60 I barely covered my losses.

IFO is very important and It directs the more weeks. I m not longing EUR from these levels with all the retail crowd in long positions.... Chances that we go up are slim (but... I might we wrong also..).

Charts are not showing anything smart... mabe Stryker can enlight us a bit

LOL

I would not long it from here now either but I will short any and all rises we see. I agree we are headed down but not just yet, we are still above open price after all the dollar + data, that tells me all I need to know for now.

hi may i ask you about witch ew forum are speaking ? on daily fx or some other ? because i have recommendayion for ew forum but i cant find it . thanks

the one right here in this forum

http://www.learncurrencytrading.com/...tml#post173543

this is the post he´s writing about

thank you for info

YESSSS..it WILL go YOUR way, Bibi.
(At least, I hope so)

Guess we will all have to show some patience. Bull or bear.
I'm afraid tomorrow will be a bit of a boring market, till FOMC announcement.
I'm off. Cheers.

EURUSD had been in a stalemate for most of European trading. Japanese trading pushed it down some to 1.5538 from 1.5577 5 hours ago. Why are they jumping the gun??

please explain what you mean by jumping the gun?

In terms of risk reward, buying EUR seems to be less risky at the moment. With a stop loss at 1.5505 - 1.551, targetting 1.57, but trailing profit of course since its a counter trend. If EUR goes to around 5520, I might just do it.

I have entered long AUD as well.. 9270, SL is tight 9245, targetting around 9400. Can only hope for the best now.

I like this play. I have been out of the market much of today...my laptop died on me over the weekend. But this AUD trade looks promising with a tight SL. I'll keep my fingers crossed for you, cmellon.

Thanks!
I am testing this EW pattern to see if it's valid or not. It seems 9270 could be the end of wave 5, as it's 1.00 fib of wave 1-3, measured from wave 4. So the length of wave 5 is almost the same as the length of wave 1 - 3, which may or may not be a good signal that wave 5 is finished.

If wave 5 is finished, we should expect some correction up. Correction target can be from 0.236 - 0.5 fib retracemet of W1-5.

In addition, RSI in the daily chart is still oversold, further supporting decision of the trade.

Can ony hope for the best now

It went my way YEAH!! ... I needed that.

I m also long AUDUSD (a bit bad levels but nothing drastic). Will add if no cut is on the table.

As far as I know trading aussie on souch statements can be very very tricky. Price ussaly just GAPS over your SL and you get filled way bellow it. Also depends which brooker you are using but majority is like that. Don't be suprised that you might get filled at 1,9170 or so... You need to count this in if you are trading RBA news on Aussie.

I actually don't trade it for the RBA news on Aussie. It's based on technical. The order already got filled now... 1.927, SL still set at 1.9245.

P.S. There you go, got stopped at 9245, LOL