Yes! This is the eloquence that I could not describe in my post from weeks back. Great discovery of the lead candle. I can see there are many ways for its effect to be detected by others without specifically knowing about the lead candle. But to me ...

A delicate secret

I like the sound of this. I'm a novice EW counter but find it very helpful against Fib retracement calcs. I also have 3397 as a downside bounce target so there is still a risk of a sudden move towards this area, which I would prefer if a retrace to ...

The Club!

That's one of the biggest issues for a trader to face, isn't it? It involves all sorts of issues: timeframe, method, state of mind... etc. If entered long and it went against me, was I long right at the old resistence? it goes up 20+ pips... 30+ ...

EURUSD

If you are wrong, you are wrong - no matter how painful. I would exit now and reverse so that you can start re-building your capital base. The longer you leave it, the bigger the loss. EDIT: eg. right now is good place to short on the retrace.

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1.33 here we come!

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3480 has not been breached, with failures at 3470. Asian session high was 3470. Why would Asian big traders position long trades on a spike high? Frankie session also took price to the Asian high which is a short position move, imho. And London ...

EURUSD

Morning! Yes, I'm going for the 3495 area too. 3520 was a major support that got broken that could get a spike, but I would enter shorts below 3500.

The Club!

Pending short @ 1.3494 (target 1.34952) for the Asian session. The green line calculates a point of return for countertrend bars.

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Thanks for the EW count! Appreciate it. Douse the sub 4 count retrace have to be that high? with the levels, are these -1/8th or +1/8 of the Murrey Math Lines? cheers fella!

The Club!

Scalps up to 15M max are the only longs capable from now til London open. We've actually bounced off 13460 where I exited another short and is a previously held strong S/R number. But it's only a number. today's daily S2 (13492) is a good place for ...

EURUSD

LOL.... I almost got all of that Edit: I am now seasick just thinking about it.

The Club!

Wow Mr Doom! That's friggin awesome, especially the EJ! LOL High 5!

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Closed one short for +42 pips. Looking to rea-dd on any bounce. Not going to enter any counter-longs. Overall target is 1.330

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Very nice, mate. Very good.

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Okily Dokily... I think I get your strategy. Presumably, most of your longs are in green now. And any shorts from higher are also in green and these are just adding to your positions.

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Thanks Max, I shall take a look. It seems there is a lot of longs on Yen atm.

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Just trying to get a perspective on the Longs to Shorts play from 3680. Is this what you're seeing? My underlying question is that if price were to retrace but only to 3620, would you then short? Wouldn't it be better to short now to hedge your ...

EURUSD

Are you then shorting at 520?

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It could be a new yearly low this week, dude.

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Max, I'm not that familiar on GJ. Are you able to put up a chart plz? What's driving your trade - technical or fundy? Thanks dude!

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