EURUSD M6E/6E Euro

February 7th, 2012, 02:28 AM

monpere

Dan Gramza measures strength by how easily a market moves in one direction vs the other. If a market moves down 10 points and takes 5 bars to do it, and then reverses approximately the same number of points but takes 10 bars to do it, then that would be considered downward strength.

We agree.

Mike

February 7th, 2012, 02:39 AM

Big Mike

New downward channel developing?

Mike

wonder what will happen with that nice little push up we just had.. might get sucked back into the channel..

February 7th, 2012, 02:40 AM

madLyfe

wonder what will happen with that nice little push up we just had.. might get sucked back into the channel..

Yup, we will see. I added on that as per my plan.

Mike

February 7th, 2012, 03:06 AM

madLyfe

wonder what will happen with that nice little push up we just had.. might get sucked back into the channel..

"the nice little push up we just had" was an Asian "shuffle"

... few minutes before the Europeans got into the � action.

Lolu

February 7th, 2012, 03:12 AM

lolu

"the nice little push up we just had" was an Asian "shuffle"

... few minutes before the Europeans got into the � action.

Lolu

haha ya, did this do anything to it: French Trade Balance? that new was right at the exact time it took off.. but in the long run it doesnt matter where it comes from, as long as it comes..

February 7th, 2012, 03:41 AM

madLyfe

haha ya, did this do anything to it: French Trade Balance? that new was right at the exact time it took off.. but in the long run it doesnt matter where it comes from, as long as it comes..

The French Trade Balance was a low impact news item, but the Chinese thought otherwise, so, they made a Mohammed Ali "shuffle"

... and by the time the news came on, the High of the day (so far) was already hit. The Europeans seem to be "ranging" the � at the moment, so I'll just be on the watch and What I See Is What I'll Trade (WISYWIT).

Lolu

February 7th, 2012, 07:18 AM

I'm holding onto my shorts. Literally and figuratively.

I'm going to wait for one more PB before I add on further.

February 7th, 2012, 07:21 AM

We've re-entered the channel.

I'm still looking for 3000 as first targets.

Mike

February 7th, 2012, 08:38 AM

Big Mike

We've re-entered the channel.

I'm still looking for 3000 as first targets.

Mike

Failed to make a new low we have a failed low, upside breakout?

February 7th, 2012, 08:40 AM

Trafford

Failed to make a new low we have a failed low, upside breakout?

Could be. Watching.

Mike

EURUSD M6E/6E Euro

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EURUSD M6E/6E Euro