WTFIHTTETM (Which stands for 'What The F**k Is Happening To The Euro This Morning)?
Now before anybody gets a smile on their face I AM NOT IN ANY OPEN EURO POSITIONS!!!
For the learning process I want to know if this is the correction that everyone is talking about - or is this happening because of some or the other outside influence that is not appearing on the calendars? I mean to say that there are no news biggies today for the Euro so what’s the reason for the fall?
As a matter of fact - according to the VanessaFX SMA theory it has gone through the 120SMA and 300SMA on the 30 Minute Chart which apparantely does not happen often.
And I would also like to support another members idea THAT WE NEED A CHAT ROOM so that I don’t have to post messages like this in here.
Has anything happened with this idea yet?
An update: On the 1 Hour Chart it is also through the 120SMA and is about a third of the way down heading for the 300SMA. MACD is pointing down ‘at a good angle of attack’ and my beloved Parabolic SAR (modified) is telling me we have a ways down to go before going short and then booking our next overseas holiday fling!!!