looking weak at .95 HUGE resistance if it breaks through to .98 area.  I took a mid sized short at .95 with stop at .96 and target of .9150  



if it breaks through and indicators show resistance is going to hold at .98 and reverse trend im going for a BIG short  position targeting .88



just thought id share for anyone who isn't paying attentionto the pair..

small gains on the short . hitting resistance under .98 now.  if this holds at .98 and breaks out on the bottom its gonna go down.  might form a range for a few days but when it breaks down it's going all the way to .87 and then to .82 over the next couple months.  



pending what the london market does here in the next couple hours im going to place a heavy wager on the short and will be adding to the position all the way down if i am right.  

and off we go. already 150 pips off the drop.  if you got it spend it. might be some whipsaw here but the breakout on the downside will probably get at least another hundred pips when the london market opens to add onto this bitch.



anyone watching the charts over the next six hours should be making some big bets and big cash.



 

my target for tonight is 94 will probably swoop up nearly 300 pips before i go to sleep for about 600 dollars profit and leave one long term position open of one mini lot from 97 looking for a month long drop

Bump :)

Ive been watching the EURUSD lately.  Is it getting ready to head higher again (as a result of weakening USD) after helicopter Ben does more POMO today?
The AUUSD looks similar

[edited a bit later]
EUR/USD Yep, looks like the 20 period average (on the 15min and daily) is holding.  Upward we go...for today at least.
AU/USD looks kinda like its leveling out, flat almost the last few days.  

i lost a couple trades on aud usd but broke even on my prediction of the turn at 98 but more than made up for them when it turned at parity. I racked up over 200 pips on that fall with pretty large bids.  





something to keep in mind is the weekly charts on eur and usd.  With midterms likely to stop the insanity of a socialist run economy i think the dollar could have a huge rally for the first half of 2011.  we are at what i figure to be the big picture turning point on the AUD and nearing one on Eur USd as well . If it hits resistance on the weekly euro chart (right) and turns the dollar could rally very strong.  with the speed of this last rleg of the euro though im not entirely sure there will be five waves to the Euro rally. it might just keep going straight up to resistance but more than likely it will make a fourth and fifth wave before the turn imo.  



if the dollar goes up past parity on aud.usd thats gona blow things way out of wack though. Im still amazed it broke resistance around 98.  A lot of people lost money on that one.






 

Yes, I think the USD is about to put in some sort of bottom.  That will be bad, in general for US stock indexes, and this might be lining up to reflect a "sell the news" downturn after the Nov2/3 Fed meeting, as I suspect that all this QE noise is baked into the market by now.  Unless helicopter Ben surprises everyone and opens the flood gates even more than he already has.