Soon — We will know soon enough

EURUSD

Test — Then again,it may be just testing the backside of the Minor UTL it just broke. These things do move in both directions. J

EURUSD

Cant tell — I used to do the same thing you are doing right now. This is still a down trend overall. I would never stay in a long trade when the major trend is down. But I know what you are feeling. Jim [quote=janka3002;2496462]

EURUSD

3100 — I see it going to maybe the 3100 area. J

EURUSD

Hedge — Put a hedge on if you are losing in this down move. Jim

EURUSD

Bounce — I am hoping the E/J will wait for the E/U and they will bounce at the same time. Gonna watch this because you can learn a lot about price action this way.

EURUSD

All who care — Notice how the E/J is at the UTL allready. This is what I meant before when I talked about the E/J pointing the way. Don't always work, but usually does. The E/U will probably go to the Major UTL. Jim

EURUSD

89 — It is the absolute best way to determine the trend. Several brokers use this in their systems. Jim

EURUSD

UTL — Pair is heading back to the original UTL where this uptrend started if it breaks this minor UTL. I pulled Fibs from the start of the move and check out where the X happens to fall directly at the 38.2 % level. This is my target to get ...

EURUSD

89 Smooth — Actually, the major trend is still down. Put an 89 Smooth close M.A. on your charts to give you the trend of the moment on each particular pair. Then look at your Daily chart for the Major trend which will be the price above or ...

EURUSD

Waves — Trading the waves on the smaller time frames, thats all. J

EURUSD

Example — Look at the similarity between the E/J and the E/U.

EURUSD

Yeaa — Big assed 3310 Failure. Just what the doctor ordered. Pair is trying to break the Daily DTL. Needs to check back at the door before moving on. Your right on it Dire and here is the main chart. J

EURUSD

R1 — news is slowly trying to push the price thru the R1 pivot point. J

EURUSD

Screwed — Screwed by the News

EURUSD

Yep — I got a confirmation on that Divergence. Just a little more confirmation that we will be heading to the bottom of that wedge. It is a counter trade though. Jim

EURUSD

Because — The E/J most of the time, (not all) will be doing the same thing. And sometimes you will get a heads up as to where the other is going. It is happening right now if you put them side by side you can see the similarities. I find the ...

EURUSD

Bye the way — Got my T/P at the top and took 15 on the counter only because it was just that, a counter. I will not trade this again until I get some bounce at the bottom. Jim

EURUSD

Always — I always have the E/J opened right beside the E/U. This is very important to me and I always wondered why people in this thread got upset because I was posting the E/J charts to help with the E/U. This goes to show you how many people ...

EURUSD

Deteriorating — Upon closer look it looks to be a Rising Wedge and is deteriorating pretty quickly. When it does break out of the bottom, I see a short to DPP only. Jim

EURUSD