So target hit. A bounce to 1.2920? Lets see. I see 1.2952 broke though so we will probably go lower but I doubt today. Long from 1.2852 - stops at be

Spider's Den

Hi T, good price level to sell from. 2852 should hit. I am thinking of a long scalp here.. Weekly indi have a long way down to go but it may be building bearish divergence. Keeping short still from 2979.

Spider's Den

Sorry for delay I am at work. I took another short at 2979.. I re checked my Chart and it would be seriously something wrong for 3021 to break before visiting 2860. Now the complete wave I drew ends at 2852. Sorry on phone will explain later again. ...

Spider's Den

Nice work T.. 66 broken. Bulls aren't gonna let this drop. I came out with 10 pips

Spider's Den

ya.. i see what you are saying T... i decided to block out news from my charts a couple of years ago and have been doing much better since - however i do take into account news and avoid trading around them... for me every price move if done ...

Spider's Den

2966 should cap this from further up... we didn't break 3021 therefore i am still looking lower at my initial target of 2852.. this could go lower 2785, then 2661 but i expect 2852 to be a heavy bounce so will long there with smal tight stop... ...

Spider's Den

Hi T, 2852 is my bounce point

Spider's Den

Nice luis... I had 3013 so good your 3014 was a good level for rebound. I think will crash through though next week

Elliott wave outlook

Your eu entry is actually reasonable but wait till 2441 to enter instead of 2465 if you plan to long. Your sl will remain minimal and in the right position. If it breaks below then we could see 2360 even before pullback but unlikely at this stage.

EURUSD

Hi T... looking long term at the moment... 1.2414 should cap this imo... however there is room to hit 1.2558 at the most before we have to re look at trend and momentum shift... 1.2162 is a FIB - if this break we will most probably see 1.1885 with ...

Spider's Den

yes but the market is bearish hence the 300 pip move down... there will be more to come... imo 1.2259 not a valid place for reversal - we will see a pullback... market shouldn't break 1.2550... i am seeing 1.2400-30 as top for now. anything can ...

EURUSD

were the graphics really saying 1.28-1.29??? look back at the posts by gatorinla - he took a short right at 1.2690 with a 3 pip SL... what does that tell you?

EURUSD

@Raza and you still should.. take me as your intern don't know if i would give up my career for this - i think these days i would.. prefer to work less and get more... no worries... off out to meet some friends for dinner... perhaps weekend or ...

Elliott wave outlook

sounds very exciting! can't wait to hear it.. will crack open a can of pop i head back to wales on sunday for work... trying to take a 5 week break from that project but at the same time trying to pick up other work... skype is always online on ...

Elliott wave outlook

RAza... good to see you online... do you have time for that social catch up? skype?

Elliott wave outlook

yup.. i think scalping is the best way lately in these markets... that long yesterday was right but didn't expect it to shoot so high... and also threw me off that it lingered below 2417 for a bit... major trend still down - but as said before 2756 ...

Spider's Den

short 1.25885... SL at BE... TP: pending...calculating now EDIT TP1: 2569 TP2: 2546

Spider's Den

it means there is hardly any trading going on... wait for volatility to kick back in and see which direction it goes

EURUSD

analysis was wrong... we also are below 1.2417 so 1.2390, 2369.. perhaps more... EDIT: God damn it!!! If 1.2457 breaks then we might close back at 1.2492... Damn it again!

Spider's Den

Yup. We still have 2447, 2461 and 2472 to break so I am mainly seeing if my analysis is rIght more than anything. Overall trend still down but 2542 is waiting. I expect this level will break 2400 down to 2369 or less. Let's see f analysis is right ...

Spider's Den