Buy EUR/USD @ 3600

Request clarification.

 

T-Bone, what is your timeframe? Do you expect this to happen by tomorrow, next week, etc...?

 

The attempted break below 3550 was a fake. Luckily I wasn't around to take it.

 

got stopped yesterday - then re-entered short positions

recouping almost all my losses from that fake *weak* rally

got my cover orders at 3400

this should make up for yesterday's frustration

cheers!

 

Ya, I also think it's going to be heading lower. Hopefully we'll get by 3500 this time! If we do, there might be some support around 3434.

 

Watch the uptrend line off the 3 hour. It's right around 3500.

 

If you are short, would you hold this position overnight?

 

Not me. If you are short cover now and try again Monday.

 

I guess you're right...there is so much stuff that can happen over the weekend that can change its direction.

 

my mentor says to stay short over the weekend

if you guys are interested, he is a referring broker and he is going to begin offering a real-time trading chat room for fx traders for free-of-charge in exchange for registering under him with his fx broker

he taught me technical analysis on stocks and etfs - and he recently got me interested in fx - so far it's working out pretty nicely as you guys can see

check out his blog: www.listentoyourchart.com