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I am using this Blog as a mechanism to attract traffic to our Company Vampire Trading Network, Inc. I will post my analysis of the Euro FOREX Currency using our proven custom indicators. I hope you will use this information to your advantage, realizing that it is a speculation on what might happen. Any trade is a 50:50 proposition. I hope to increase your probability of success.

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Sunday, June 27, 2010

Daily is starting to form a predictive shape 4H looks like Horse Pooh Lower time frame scalps ?


Daily is starting to form a predictive pattern, The 4 hour continues to look like horse pooh, The 1 hour is over pinched, but the 30 minute looks like a great pattern.

On the heat map the daily is committing to a long but could change on the moment. the 4 hour could consolidate the daily further to the down side if the lower time frames commit strongly.  

Basically the Euro can continue to go anywhere.  I am taking lessons from last week and not trading unless in a perfect double pinch.  Ain't worth the extra maintenance effort.  And I am expecting more of the same if the Daily falls back to the 76.4% retrace that it has hung on for several days.

I still am  holding to CAUTION breaking 1.2500 / 1.2552. This is a critical test point.

CURRENTLY the strong resistances are 1.2396 and REMEMBER 1.2404 was a bear to break last week.  then we have the current high to break at 1.2465.  More exact number will be forth coming once the daily fully forms.  By then we should also have a fresh 4 hour formation.



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