intraday target at 5830. let's see... good luck... of course we need a break below 5870 for more downgrade

closed out at 5910 for +80pips. I got exit signal at 6am gmt.

[quote=fxaprendiz;166355]I am leaving, and I’m taking with me all my posts and charts, except the post that can give you a clue as to the reason of my decision (#6958)


Post #6958 that's mine, and it was posted after moderator review, not immediately. Theres a lot of anomalies in electronic markets and in forums where they are discussed. We are seeing one of the most troubling financial
situations since the depression. Things are about to ignite.....And you're blowing town because of a post or two? on principle? Minor. Its like when your dealer spins you on a couple of lines. You'll make it back on the next trade.....

Hi,

this is my first post.

good luck...

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So far, its been a quiet European session. Is this the calm before the storm known as US CPI? Looking for a fall to 1.5850.

Thanks for your reply, BH-Eurofigther.

EUR USD is at 1,5930 now, and I am short with a tight stop at 1,5960.
First I am looking for 1,5875, and maybe 1,5825 or so.
From there we go up again. The dollars downtrend has resumed, but its a bit stretched and we need some more consolidation.
My SL is so close because I dont really like to be long dollars.
USD JPY does not move up at all. consolidating at low levels, giving me the idea my EUR USD position is wrong. We'll see.
Nice day!

Head and shoulders patterns can be continuation patterns - also on the inverse. At present the euro does not want to go lower.

I wonder what has happened, Fxaprendiz. Maybe one day we'll meet again, some sunny day. And will you please say hello to the folks that I know.
(I should make a song out of this...)
But serious. All the best ! Keep up the good work.
Regards, Guilder.

I am on gbpusd (threade) but traded eurusd also.
eurusd is 1.5933 now.
Today fall to below 1.5840 is possible IF 1.5900 brokes.
If not, 1.5980 is possible target.

But at american session today, upmove is very possible.
So I will be carefull with short orders and will wait to buy low and to
go long.

p.s. Dollar is weak. The main reason for the new dollar weakness is concern for US banking sector crisis. It is forecasting that as much as 150 banks in United States will state bankruptcy. The banking sector crisis was caused by the bad credits that are unable to cover the housing sector slumps. After the temporary recovery of the dollar based on profit taken we can expect new USD record low in the coming days.

I agree with your analyses, BH. Dollar has to suffer more in the near term.

EUR USD is in small triangle now, with boundaries at 1,5900 and 1,5930/40.
Break either way should determine next move. But if it breaks up: its still a bit too early to look for sub 1,6050 levels.
Its quiet on the forum....
GL !

Hi everyone,

I am still holding the same position short @1.6, moving my stop loss to 1.595 (top of wave B).
So far it's still as planned. Wave B is probably finished at 1.595. And wave C is probably ongoing now. If Wave C is equal to wave A, then projected retracement is 1.578. Will cover bounce at 1.585, only if I don't get stopped out at 1.598

GL all

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Took 'm back rite after ridiculous U.S. CPI at 1,5883.
Did not think it was a dollar positive figure.
A slightly larger triangle is in place, between 1,5925 and 1,5875.
GL.

Unbelieveable, censorship of fxaprendiz? could this be because he had good insight and the moderators are trying to keep peoples eyes closed to whats going on? keep it up moderators until everyone finds elsewhere to post. i will be glad to remove all my monies from fxcm.

Its kinda funny how forex works, huh? When you expect it to go one way (because of data), it goes the other.

fxpendiz it's pitty that you are leaving. I belive problems can be talked out, you should give it a try.

For me .. long € at 1,5888 stop 1,5870 (tight one). Had losses trough the day and it seems like it'll pull up a bit.

Gl to everyone!!!