EUR/USD losing battle

[currencia]

Two of my south entries (at 0580 and 0590) have triggered, and I have moved stop on those to within 10 pips. Vamos a verlo iramos.

[Paul Koszarny]

Despite strong action began at 15:00 EUR/USD failed to cross 1.0591, the resistance level from the last dailies. A pull back brought the pair back near Thursday's pivot 1.0555. Today's rally has triggered my sell order at 1.0590 which has been closed at this hour. I still favour short side in short and medium term due to the model indications. Once again serious movements and panic quoting began very near the generated model hour.
Look for much higher volatility tomorrow, Thursday which is a very important fractal day.

[currencia]

Yes, my charts say the same thing to me.

I have closed one of my entries with enough green to cover a now small stop loss on 4 times as many lots that I still leave on the board from 0590 entry south. I still leave my entry orders at 0600 and 0625 as well, which did not trigger today. Net result is that at worst I have a free ride here, and that is my trade goal with all setups- move as quickly as possible to break even or better without using psychological stops.

[Paul Koszarny]

Why do you see DJI plummet so much? It looks solid on dailies at least until 8565. Do you trade DJI futures contracts? If so where?

[currencia]

Paul: On DJIA daily, price is hard on the 786 retrace of Southfrom the 9000 high doji star. And the southbound move from the 9000 high has already broken the previous low; a crown is evident , with the right tip being completed now. Thursday's price action may tell the story here as to which way this market is going to go. The 9000 high needs to be taken out by about next Tuesday if more north is at hand. A break of the 8250 neckline will signal a move south to 7500 which is a move equal in heighth to the heighth of the crown.