Wednesday, August 31, 2005


20050831 Daily chart. Above the moving average, big buing interest candlestick. Posted by Picasa

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20050831 10:51 am ET. A breakout on the Chicago PMI data, after initial muted reaction to the weaker revised GDP data. A trading opportunity may come on a pullback to the moving averages, but the speed of movement back to the moving averages holds the key. Grinding price action will preclude the trade. Posted by Picasa

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Tuesday, August 30, 2005


20050830 The super spike created by the speculative buying continues. Today set up for Turtle soup +1 pattern, with the trigger level for the short 68.00 with stop 70.80, could well bring in a reversal. Scale out for partial gains, and tighten stops, when profit does come. Posted by Picasa

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20050830 Some follow through downwards on the opening, could have yielded reward for traders who went short on open. Suppot 1.2195 on futures came in at the moving average. Posted by Picasa

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20050830 6:02am ET. Downside move continues, been a while after the trendline break. Posted by Picasa

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Monday, August 29, 2005


20050829 8:29 pm ET. 60 min chart. Posted by Picasa

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20050829 A bearish cnadlestick, with price closing below moving averages. Support seen 1.2196 for futures. A zero line rejection pattern indicates possible sell, with 60 min charts showing break of the lower trend channel lines on eurusd cash. Posted by Picasa

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Friday, August 26, 2005


20050826 60 min hourly suppot line beckons. Have to see what happens when the price gets there. Posted by Picasa

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20050826 Daily candle shows selling, probably due to profit taking by longs ahead of weekend. Low of previous day not taken out though, so is possibly still in uptrend. Posted by Picasa

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20050826 Euro cash is in wel defined uptrend, support at the lower channel line. Posted by Picasa

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Wednesday, August 24, 2005

20050824 Closed just below moving averages, which are scrunching together. Posted by Picasa

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20050824 2:47 am ET. Break turns out to be a good one. Maybe got a chance to scalp short if the eur futures moves back to the moving averages on the durable goods data out today. Posted by Picasa

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Tuesday, August 23, 2005

20050824 8:42 pm ET. Break of the previously tested uptrend channel line, points to a short trade for continuation of the move down. Posted by Picasa

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20050823 A doji candlestick, pausing before the next move. Posted by Picasa

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Monday, August 22, 2005

20050822 Big candlestick indicates buying. The expected rebound from the severe downside move. Would be looking for shorts 1.2300-1.2310 level for retest of the lows going forward. Posted by Picasa

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Thursday, August 18, 2005

20050818 Euro futures touched the moving average support, providing support, but CCI crosses zero. Posted by Picasa

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2005088 8:07 pm ET. Eurusd broke the lower channel support. Looks like downtrend could resume. Eur futures though did make a small bounce off the 1.2177 level symmetry support for abut 20 ticks. Posted by Picasa

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Wednesday, August 17, 2005

20050817 Support beckons at 1.2177 on eur futures. Posted by Picasa

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20050817 9:40 am ET. OK, got new trend channel for reference now, wtiting for next trade setup. Posted by Picasa

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Tuesday, August 16, 2005

20050816 Bounced right off the symmetry support at 1.2300-10 region.  Posted by Picasa

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Monday, August 15, 2005

20050815 9:33 pm ET. Continued move to downside from the initial break of trendline. Posted by Picasa

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20050815 Two large black candlestick shows selling interest. 1.2310-20 remains the focus for the uptrend to be intact. Posted by Picasa

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2005085 7:46 am ET. If the break is going to turn out to be good, then a late entry will still yield a tidy profit. Posted by Picasa

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20050815 5:13am ET. A possible short few hours ago when trendline support broke. Posted by Picasa

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Friday, August 12, 2005

20050812 The 1.2400 level proves to be strong, bears driving down to that level after the trade deficit numbers release, but failing to sustain downside, resulting in a cose above the midpint of the candlestick. But the candle still shows some selling, could be attributed to profit taking. Uptrend intact barring take out below 1.2400 on futures. Posted by Picasa

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