Oh Ok, wasn't sure.... Well anyway the weekly pivot is down there too (1264). Only meant to say that I agree that this area is better for longs than shorts because I think bears will have some trouble getting through there.... Edit: I put them on ...

EURUSD

50% of the candle. 1263 is 50% of the yearly candle, for example. For whatever reason, as Cloggie used to say 'fiber loves the 50'. A cluster of them like that can get nasty, especially higher timeframe ones.. (for bears I mean, until it's broken)

EURUSD

1276 is this month's mid. 1263 is this year's mid, 1260 this quarter's mid. If one is bullish..... (and a good area NOT to short in even if one isn't)

EURUSD

Why would they want to cause hyperinflation in the US when they are still holding a trillion dollars worth of treasuries? And why would they want to blow up the economy of their best customer just when theirs is starting to tank?

EURUSD

Yup. I've been puzzling over the cause of the monthly engulfing bar in April for EURUSD for ages. Until I looked at the Dax monthly chart.

EURUSD

Good idea!

EURUSD

You're welcome. I've been breaking my head trying to figure out why anybody would want to be buying Euros now, and its the only explanation I can see that does explain it.

EURUSD

My understanding is that when the Euro is used as a funding currency, you borrow Euros, and buy some other asset, meaning you are short Euros. Also I've read that hedge funds that are long the Dax would short the Euro as a hedge. When that unwinds ...

EURUSD

Oh, that makes more sense. Yeah, now that you mention it, it kinda does, doesn't it? I'm not gonna believe it though until my weekly magenta trendline is broken and retested.

EURUSD

You're welcome. Lots of credit to Sisse for the idea in general and part of the fundie data.

EURUSD

You think? S&P and DIJA wiped out gains back to the open of Jan 2013 in that fall. And though there may be a bounce I think it's going lower than where it just did (the low on Aug 24 I mean).

EURUSD

Supporting this idea and thinking about the reasons for the 'decoupling' between the DIJA and the EURUSD: Green is DIJA, Blue is Dax, Candles are EURUSD. Looks like when ECB started cutting just as the FED stopped QE the DIJA started stabilizing and ...

EURUSD

Thankyou. This one seems to be doing quite well. Now why don't you point out somewhere in your posts where you pointed out (in advance) based on some methodology you use where you thought that price would do x, y or z, and it actually did it

EURUSD

Everything except how I managed to predict that bounce in advance based on a trendline you mean, which you can hardly refute that I just did (and you can check my posts to see that this isn't the first time I've predicted bounces in advance). I have ...

EURUSD

Nah. This here's a rainbow chart

EURUSD

That's an 85 pip bounce off the green trendline (predicted in advance url at 15:40 gmt just before it started) and I doubt it's done yet)

EURUSD

You're welcome. I do use them, but because you can draw them in a few ways I keep more than one version of the major ones, and I just see if one of them looks like it's working, and then I use that one. One trick I learned in a seminar is that if ...

EURUSD

And here's the bounce at the retest of the green trendline on the 5 min chart. Planning to look at the majenta trendline (both versions) for shorts.

EURUSD

Yeah, I have one version of the line that's like that (almost) but I don't trust it as much as the other version, because that spike high is an obvious fake out. When I see one of those I usually also do a version of the line where I go to a lower ...

EURUSD

We probably also drew the beginning differently. In the version of it where it was rejected right there on the 5 min chart I disregarded the fakeout spike at the start and tried to make the line go through as many points as possible at its start

EURUSD