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- Mike8 replied Sep 16, 2012
Yes. But look at weekly candle and yes closed below the weekly DTL. Then go and look at weekly kiwi candle which close above the DTL. Things are not certain at this moment and I think anything can happen and nothing is sure. Just a thought.
...EURUSD
- Mike8 replied Sep 16, 2012
And here you have it: “The market … is like a beautiful woman – endlessly fascinating, endlessly complex, always changing, always mystifying. I have been absorbed and immersed since 1924 and I know this is no science. It is an art. Now we have ...
EURUSD
- Mike8 replied Sep 15, 2012
Divak, Ok, that is good to know.
More valid retracement in my view are 38.2, 50, 61.8, 78.6 and 88.6. Fibo projections 1.27, 1.61. Trendlines ant S/R are also important, specially in confluence
In my view TA is best done into the bigger TF like ...EURUSD
- Mike8 replied Sep 15, 2012
Ok. I have around 3278 which is a weekly DTL if this 3136 does not hold and after that I have around 1.40 next.

EURUSD
- Mike8 replied Sep 15, 2012
But eurusd is not the only pair be traded in my view.
Garden day for me today, the Spring is shouting, there is a wild bunny rabbit that is destroying my lawn (I think he is trying to find a nest.
), my patience is running out tough and I ...EURUSD
- Mike8 replied Sep 15, 2012
I am with you, but she probably knows and wont stop at any station.
She just bounced from a significant level tough (3136) and 2933-3056 can be due, depending on the speed she is going down, IF.
EURUSD
- Mike8 replied Sep 14, 2012
EUR shorts continue to close out positions, but so do EUR longs, suggesting that we are not the only ones who view the risk/reward on EUR as skewed. The total net short position is at $15.1bn, well off its record of $33bn. from Scotia Bank
EURUSD
- Mike8 replied Sep 14, 2012
Good morning Champs. So she did not even stop to 3136 she went to 3168.

EURUSD
- Mike8 replied Sep 14, 2012
I think Mohan told me that you are long eurusd from 1.20 or so..... If it does not work for you at the moment I suggest that you take a break, go to do something else, get your mind clear. I promise you it will be much better.

EURUSD
- Mike8 replied Sep 14, 2012
Lately the delivery from Bogota' to New York has not been of the best quality, so instead of shorting they mistakenly will go long so at least it will pay for the dope that is not good. I hope it helps a bit.

EURUSD