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EURUSD broke below the neckline of the Head and Shoulder formation overnight

Posted by GregMikeFX on Fri, 12/14/2007 - 9:12am in EURUSD

The neckline came in around the 1.4520 level.  The market will have to stay below this level to keep the bearish trend intact.

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CPI to be released at 8:30 ET

Posted by GregMikeFX on Fri, 12/14/2007 - 9:08am in CPI

The US CPI is to released at 8;30 ET.  The expectations are for a rise of 0.6% with the core at 0.2%. Last month the headline rose 0.3% and 0.2% on the core. 

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CPI to be released at 8:30 ET

Posted by GregMikeFX on Fri, 12/14/2007 - 9:08am in CPI

The US CPI is to released at 8;30 ET.  The expectations are for a rise of 0.6% with the core at 0.2%. Last month the headline rose 0.3% and 0.2% on the core. 

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Economic Calendar for the Day

Posted by GregMikeFX on Fri, 12/14/2007 - 9:01am in Economic Statistic

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Economic Calendar for the Day

Posted by GregMikeFX on Fri, 12/14/2007 - 9:01am in Economic Statistic

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Hi,

I my opinion the bigest problem with ABCD formations ( Gartley, Crab, Batt, Butterfly etc.) is the end of them. What I mean by the end. The end is D price and time area. Of course credit to Larry Pesavento for all those formations but how many of you lost trades because you enter in wrong D area at the end of formations ABCD. I think it is the weekest part of this method. Those formations look beautiful but still we must have new …

Hi,

I my opinion the bigest problem with ABCD formations ( Gartley, Crab, Batt, Butterfly etc.) is the end of them. What I mean by the end. The end is D price and time area. Of course credit to Larry Pesavento for all those formations but how many of you lost trades because you enter in wrong D area at the end of formations ABCD. I think it is the weekest part of this method. Those formations look beautiful but still we must have new …

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Parker is a full-time forex and futures trader who has interesting story about how he first learned