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.

 

Where do you think the bottom is then?

 

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.

 

EURGBP is a decent short at .6770 area for .670 pt

 

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>

 

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.

 

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

 

USDCAD is Great Long at 1.19 I think

 

Did some eurCHF 1.5467 SL at 1.5499 Trail 10 Pips Pt 1.5434
shorts and EUR/GBP .6773 pt at .6748 stop at .6794 Trail w/ 10 Pips