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BudFox replied Feb 9, 2010I think he said something about tea leaves the other day but my bet is on a crystal ball.
EURUSD
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BudFox replied Feb 9, 2010Sound logic and nice chart, sure wouldn't hurt my current position.
EURUSD
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BudFox replied Feb 9, 2010One of my gold charts below, pretty simple really, of course clear break of LT daily TL to the downside, been capped by a MT TL coming from the high, notice the area of resistance with the arrows, of course there was a nice pin bar from the other ...
EURUSD
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BudFox replied Feb 9, 2010May be just seeing things here but noticed on this LT USDX chart that we could be at a pretty good area for either a nice continuation higher or a bounce back towards lows, time will tell.
EURUSD
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BudFox replied Feb 8, 2010Possible USDX retrace forming, bounced off 618 fib from a recent high to low. Could impact E/U in form of a retrace going into asia.
EURUSD
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BudFox replied Feb 8, 2010Cramer is a great contrarian indicator IMO, what ever he advises I typically look to do the opposite, he's no different than any other talking head, just has a few more bells and whistles.
EURUSD
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BudFox replied Feb 5, 2010I can see a case for both ST term longs and ST shorts ATM so I'm going to stay out of this pair until next week. Did decide to take a couple of scalps which netted ~ +10 pips, kind of wish I would have held my long scalp but my analysis just didn't ...
EURUSD
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BudFox replied Feb 5, 20103650 is possible max retrace my analysis is telling me for this afternoon, would love to go short at that point but I don't think we'll have time to get there today, once this daily bar closes I think it could open the way for a higher retrace next ...
EURUSD
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BudFox replied Feb 5, 2010Well now that was a nice present, I'll have to start asking like that more often. About and hour ago I was resigned to a flat a market until next week, glad I grabbed some breakfast before making any decisions to close what I already had. Decided to ...
EURUSD
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BudFox replied Feb 5, 2010US Equities fighting off lows, I'd imagine that is what's stalling e/u from further downside. As much as hate to pull agaisnt the US market (guess I'm a nationalist) I wounldn't mind seeing a retest of the morning lows in the equity markets so I can ...
EURUSD
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BudFox replied Feb 5, 2010I'm looking at weekly and monthly resistance between ~3630-3650ish, if we can break those then "say goodnight raquel".
EURUSD
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BudFox replied Feb 5, 2010Gold seems to be holding steadily below its broken daily TL, ATM not much action. Taking a breath before dropping again and maybe taking e/u with it? US equities are cooked unless there is some kind of Friday afternoon rally which seems unlikely ...
EURUSD
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BudFox replied Feb 5, 2010Youre not expecting 3400 today are you? I'm assuming youre thinking that may next be the next major resistance point?
EURUSD
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BudFox replied Feb 4, 2010Interesting day, waiting for NFP is like waiting for Santa, will it bring gifts or ash? Everything in my analysis is pointing to an outcome in my favor, I think thats all you can ask for in this market. See you guys on the flip side.
EURUSD
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BudFox replied Feb 4, 2010Hate to quote myself but after this little drop I can't help it, ended up taking a wopping 8 pip profit from my fade trade and went short just before this drop at .3737. PA was having trouble getting through my 32 period EMA on 15 TF. It was a small ...
EURUSD
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BudFox replied Feb 4, 2010Going to attempt alittle fade trade, i think if this thing retraces it gets to 3800-3830 tops, opened alittle long at 3733 about ~17 pips from the bottom. R/R isn't super great and since I think this thing could drop like a rock any second I'll be ...
EURUSD
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BudFox replied Feb 4, 2010I'm assuming you see light volume on this "phantom" move down over the last couple of hours?
EURUSD
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BudFox replied Feb 4, 2010missed out on the last part of this grind down over the last ~2 hours, 10k dow is just begging to be broken, I don't see how there isn't a freefall tomorrow in US equities, Dow futures are already well below 10k. Going to be looking for a good place ...
EURUSD
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BudFox replied Feb 4, 2010Going to take alittle break, think we're done with any real moves for a few hours, will be back after US market close to begin looking at possible positions/setups going into asian session. e/u bear feels right but there should be some drift to the ...
EURUSD
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BudFox replied Feb 4, 2010I think you mean "when the dow breaks 10k", b/c it will happen, maybe today, maybe tomorrow, maybe next year. It will be interesting, could it be the impetus for a move below 1.3?
EURUSD