My gut tells me that the ECB would make us go up to the 1.0700 area, but that the NFP would send us back down into the downward cycle. If my trendline is correct, and I'm sure it probably isn't, then we still have some room to go before we bounce ...

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I think the only thing that can make this go up is the announcement of QE3. This is a real possibility to make the market rise to new highs prior to the big sell off on Friday with the NFP. They have been cooking the books for months on the ...

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Anyone else see a descending triangle on the 1Hr TF ?

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Might want to use some bailing wire as well. These appear to be longhorns so I wouldn't mess around.

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I'm starting to have flashbacks to last year when I kept trying to short the Euro knowing that the technicals were screaming it was overbought. But, everytime Trebuche would speak it jumped. =(

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Any history of the Olympics having an effect on the Forex Market?

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nice artwork there.

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Can someone translate please or at least point me in the direction where I can learn more about what is being said or the relevance?

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Won't happen if Obama gets four more years.

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I don't think we will see a clear bear win till middle of next week -IMHO- And my BB tightening is on the 4 hr TF so it tells me that it's setting up for a breakout tonight.

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BB are tightening a bit. We could see a breakout soon. Be careful.

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Anyone like 1.0350 for a short?

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Looking at supertubes chart, it appears as if we may have a regular H&S developing within the bigger H&S that I saw...is this possible?

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I've attached a picture showing the H&S type that I saw. Please forgive my lack of artistic skills. =)

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Look to the left the H&S I see is bigger than the one you are looking at and it's upside down from what you are seeing.

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If you were refering to my trade i posted, that wasn't on you at all. I saw something and jumped waaay too early, but still didn't blow my account. =)

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off to bed guys. Hopefully will awake to lots of green pips. =)

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I'm actually short at 1.0225. I couldn't wait for 1.0250. I almost pulled the trigger at 1.0240.

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Just find the upside down head and shoulders pattern on the 1 hr chart and find the mid point. It should be around 7/19 at 11am. Then it should be clear.

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I think 1.0250 would be a great place to short if we can get back up that high.

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