Last night we saw the EUR retrace to the 50% level to the pip…let’s see if that 1.4590 level can hold…
It seems to me we have seen a top on the EUR and may be looking at a true trend reversal especially in light of the $ holding up amongst bad news…and what may turn out to be a triple top (although the lows have been higher)
I am going to go live this week (with Oanda and another with DBFX) and start averaging in short…
Hopefully this will be a long slow path to $$$$
Well C…stay tuned …
I take your point Jimbo about the way the USD has been holding up despite all the rate cuts and negative news…
Look forward to hearing about your progress when you take your account live - an exciting time to start 
Yeah…
The one thing that bothers me is that I can see what right now could be a bullish wedge …I drew a trend line and was going to include a screen shot but can’t figure out how to do it on Oandas system…
Anyway…it’s pretty easy to C. I’m remaining fixed on the sidelines until I see pronounced short entry positions before I start to kick up any dust…It could be a few days it could be a few weeks don’t know yet.
I have begun provisioning my accounts and will begin to set my formations for battle…
Standby for that Rebel yell!!!
J.
I’m not completely sold on the bear case for the EUR - but wanted to point out that we did get the bearish ‘death cross’ - (50 period EMA crossing the 200 period EMA) on the hourly - see attached…
After pondering it I’m going to ease in at 146.50 (Using Pretend money)
Like to see a bounce up to the upper Bol Band then a fade…
Still, I won’t become completely convinced until we see a clean break below 143.50
Thanks…good thoughts…
(I wish I didn’t have to do that mucking about with sleep, most inconvenient )
J.
Yeah and I download a trojan and then spend the next three days trying to clean my computer…Right…
