The Surf Report

Surf, Euro FX 5 pips (8:30 am Support) from violating last extreme bottom again. Be Careful.

Oil potential setting up short term bottom.

 

thank you , professor i see the bearish triple bottom on the daily chart--- but i don't put much credence in these non-predictive studies.

holding eur/usd short here.

best,

surf

 

Sorry thought you were Long the EUR/USD.

"Our euro trade is starting to perform as expected. Holding Euro long here---thanks Banjo--good observation as usual!" Surf

 

So much for the warning, I tried to help. Euro FX just violated prime support, making a new low.

Cheers!

PS.
I don't use predictive studies.

 

Looks like you are probably going to get a short term bottom setting up in the Euro FX going into the weekend. Good Luck.

 

my break even level in the short eur/usd pair ( long euro) was 1.2600. profitable here @ 1.2510

holding DJIA short, NAPS long, and oil short over weekend.

Best regards,

surf

 

OK, I was confused.

But here is what I think you're doing ...
Post #1

Post #2

Post #3

Post #4

Post #5

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Now, for anyone who is looking at my chart and analysis critically (a) the chart is of the Euro FX, it is not the actual currency pair, that is why you will see the slight discrepancies in bottoming price action AND (b) I averaged the last entry, seeing as how these numbers go out to the 4th decimal place, my average number is going to be slightly off from yours.

In the final view, you're set to make a lot of money using a technique that no-one else around here is even thinking of applying (or maybe they are but just aren't saying it ...).

Have a nice weekend.

Best Regards,

Jimmy Jam

 

... and here is the chart associated with the analysis.

Now it's time to get back to my own trading.

 

sorry surf, can u clarify here...u said u were long euro and obviously takin' some heat...u also stated u added at the bottom of the move and now u come outta blue sayin' u are short?

what is it then, your quotes [courtesy of jimmy] summarize it pretty well.

 

sure, bit, no problem. i am trading the spot eur/usd pair. i am short the pair meaning the trade is LONG euro and SHORT dollar.

sorry for the obvious confusion--i can clearly see how it occured.


regards,

surf