EURObull

EURObull

A pop over 130.74 may cause a burst of short covering rally up to the 131.00 area, for a 2nd possible long target and area where we will be watching for a potential sell signal.

EURObull

Nice CCI bearish divergence setting up. We are adding to our long as the market moves down into the 130.30's. No sell signal yet, looking to hit our long target of 130.70 this morning in the US session.

EURObull

That last burst here suckered in new longs and cleared recent short stops. We added to our short in the mid 129.90's and still targeting 129.50/40's. Quick short trade with a long bias still in place. Great news! It took us 16 trading days to double our $100,000 account. See all of the trades & reccos on our Twitter Page: twitter.com

EURObull

We should be getting a pullback up here, not sure how deep, most likely into the 129.50/40's to consolidate and possibly chop around before continuing higher. Exited our long trade from Friday close for a very nice profit and now short with initial target of 129.55. Enjoy Today!

EURObull

Nice sleepy end of day action here, going into Friday close. Bullish CCI divergence is still holding up well as we approach the close (coming up in about an hour.) Sure would be nice to see a major rally long into the close...we will see...enjoy the weekend!

EURObull

Great (cautious) short yesterday. Bias is still unchanged to the long side. We did not get a fury of short covering, just a nice pop to the 130 to draw in fresh longs, then flush them out and also clear out stops under the 4/23/2015 low. Note: EUR/JPY broke out of it's trading band (127.70 to 128.80) and is now flashing bullish divergence on CCI (see blue...

EURObull

We have a short setup here, with blow off tops and a nice divergence on CCI on our 1 hour chart. Target is 128.77, approximately 60 pips from our current price of 129.33. Cautious short because any strong bursts of buying will trigger more short covering and an intense price move up.

EURObull

The Dragon Long worked well for a nice 65 pip gain. Market could consolidate up here. We've traded sideways in a band from 127.71 to 128.78 for the last 7 days. If we hold above this band and break long, it will be a strong move. Lots of short covering will ensue and add to the intensity. Otherwise, just look for more dipping into/out of this band. Waiting for...

EURObull

The Dragon Long is still holding up. Stop run from 4/21/2015 low and CCI divergence flashing another long entry here at 128.50. Near-term upside long target is 129.15.

EURObull

Massive divergence in CCI (see dark red trendlines) kept us out of the short trade last night. Looking for next setup Market is slowly grinding higher as expected. We are in the middle of a range and waiting for a new signal. Enjoy Today!

EURObull

Closed short positions for a nice 25 pip gain. Took them off due to a particular formation I've seen in the past to be bullish (I call it the dragon). if we crack down under 128.30, I will short again, however, the market may hold here since too many people must have crowded the short side already. Next long target is 129.15 and will enter long with a cross above 128.70.

EURObull

Nice stop run here, looking for downside (to fill gap) to 127.70...100 pips from our current entry. Enjoy Today!

EURObull

All US Financials are currently up over 1%. We could see a nice pop here. Must clear the 128.41, and if we do, short term long target is 128.68. If no pop during this hour, we will look to short back to the MA.

EURObull

They ran it just as expected. The run on long stops hit our 127.70 short target perfectly, 100 pips from our call last week. We could get some choppy trading here. Bias is still to the long side, Enjoy Today!

EURObull

Anyone short just got their stops run, if they were placed at the most recent swing high (top yellow arrow). We are now 100 pips from the 127.70 level we covered last week. Still looking for the market to get down there to flush out weak longs and clear stops from most recent swing low (bottom yellow arrow). Once down there, most likely consolidation will take...

EURObull

Too many people piled in short, so what do the Big Boys do? Of course, they artificially boost it. Note the ridiculous divergence on CCI above. Also note the strong sell off right at the close. We'll see how they handle it Sunday open. Still looking for 127.70 before any more serious long action takes place.

EURObull

Still believe we're going to touch the 127.70 (missed it yesterday by 6 pips). Now, most longs will have their stops at or around 127.70. The US Stock Indexes are slammed into negative territory this morning. Would not be surprised to see our flush down sometime soon here. After that, still resuming long bias with 132+ targets. Happy Friday...Enjoy Today!

EURObull

Pulled profits from yesterday morning's long. Very nice trade. Looking for market to pull back here from 128.36 down to 127.70 and chop around a bit before resuming long to 128.50.