so this morning, I saw major EUR move to the upside. the question is long or short EUR? all of us are using different indicators, so I'm not going to discuss about that - however, the question is where should I buy EUR? After deciding to get long/short, my entry was taken and followed with more spike down - ah. that's what the s/l is for. - so if it's taken, o well... if not great! from scale 1-10 was I ok with my trade decision? 9-10 yes. trend is ____ (up/down), then trade _____ (long/short)
Now EUR/USD resistance around this morning high, followed by 1.44 (most likely that the s/l for earlier or late EUR sellers. Good luck
The EUR/USD pair will probably wait for cues from the ECB, Non farm payrolls and next week's fed meeting. My suspicion is that market participants are starting to anticipate and expect another round of quantitative easing from the Fed, but I wouldn't be so quick to jump to that conclusion yet. Another round of QE would collapse the dollar. If forex traders know that you can believe Bernanke knows that and probably wouldn't want to take that risk except for an emergency, ie a net loss of jobs or a true double dip recession with negative GDP growth
The real question for the is whether or not Mr. Trichet will stick to his guns with another rate hike or strong vigilance language. . He would really be going out on a limb at this point, but maybe he is thinking three rate hikes and then a pause. I don't know .
There, ya see it now? I'm really not making this stuff up, it's all been there in front of us the whole time. I know what I see here technically speaking and I've been looking at a long time, but I have yet to see the fundamental drivers to complete the pattern. But just between you and I, this baby is gonna grow!!!
Yeah I see what your saying but as we speak the tic is forming another fractal...it will then move to a minute scale then to 5 min scale and so on and so on.....question is is it really trade-able?
You sir deserve a prize! It is indeed a flag, but also a part of something much larger in theory. The end of a tea cup.... But it's quite unique in this sense, because it can be found on so many different time frames. The smaller scales are catching up to the larger scale, it should be a fun ride regardless of how it plays out.
Yeah I see what your saying but as we speak the tic is forming another fractal...it will then move to a minute scale then to 5 min scale and so on and so on.....question is is it really trade-able?
Well, even a fractal is part of a larger whole. Is it tradable you ask? I don't mean to sound cocky here, but watch me trade it!
You sir deserve a prize! It is indeed a flag, but also a part of something much larger in theory. The end of a tea cup.... But it's quite unique in this sense, because it can be found on so many different time frames. The smaller scales are catching up to the larger scale, it should be a fun ride regardless of how it plays out.
The broadening bullish structure still playing through. Was going to wait for a candle close above the pivot level 1.4265 but jumped in on the small earlier pullback at 1.4275. A run over 1.4500 this week would be pretty bullish IMO but still plenty of trading left.
Now EUR/USD resistance around this morning high, followed by 1.44 (most likely that the s/l for earlier or late EUR sellers. Good luck
YEP.. 4352-58 almost dual resis followed by 4435 and 4494...... if yo count 8 hrs then resis to 4505..
lower side need to see if 4274-82 holds and if so would be nice.. else 4244-48 must hold or else this would once agian become a yoyo........
today has been the most profitable day for me this yr and mainly due to EC longs and Swissy longs rt around the day open but better ones around the EU session..........
nailed euro as well along with small GU.........
tired and perhaps charts later........
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Indeed, but DJ drop and euro held on to gains was amazing.. else i was expecting 4399 for today......... always OPTIMISTIC as someone tells me always........
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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Trust your chart
Originally Posted by t3t4 
It is indeed a flag, but also a part of something much larger in theory. The end of a tea cup.... But it's quite unique in this sense, because it can be found on so many different time frames. The smaller scales are catching up to the larger scale, it should be a fun ride regardless of how it plays out.
