ASIA SNAPSHOT: S&P500 index futures up 0.5%, Asia shares flat. USD broadly lower, AUD outperforming. Crude oil, gold +0.5%, silver +1.4%

EURUSD

No. Don't short. Wait. I'm waiting for it to break 1.2750 upward.

EURUSD

It's funny that you brought up flies. I was just getting ready to sit down with my laptop and check the charts out, when I heard this voice coming from the hallway. "Help. Help. Save us. Before the log tips over and we all drown." When I went down ...

EURUSD

It looks to me like the bulls are in control now. Nice reversal (indecision) candle on the daily, too. We'll soon find out.

EURUSD

Yes. If you're NOT using MT4, then this indicator won't work.

EURUSD

Here you go.

EURUSD

That's where I'm waiting on the next possible reversal. 1.2626

EURUSD

1.18xx or is it done falling?

EURUSD

You've got that right.

EURUSD

Support and resistance, pivot points, eliot wave count, zig zag. Check out the book called 'New Concepts In Technical Trading Systems' by J. Welles Wilder Jr. Just Google it.

EURUSD

It's good stuff. Study it.

EURUSD

That's what I'm working on right now. After figuring out where the reversals could occur, now I'm trying to figure out how far for the reversal. But whenever it does decide to reverse for good, and not just some temporary spike, my target is 1.3082.

EURUSD

Yep. And if the wick touches 1.2865, I'm looking at another reversal.

EURUSD

Agreed. I wish I started using a journal when I first went live last October. At least now, I'm over the "Oh, I've got to be in a trade right now." Thinking I'm going to miss something, or grab every move. Talk about stressful. Now it's just capital ...

EURUSD

Yes. That's why I'm going to start paying more attention to the end of the month, and the way price goes back to the monthly pivot. And like you said, where the bears and bulls pick a spot to defend and go from there. And where price closes at the ...

EURUSD

That's the way I'm starting to trade. Longer term. None of this short time stuff. Find the right entry and let it go, without the psych stuff messing with my head. Just like "if" I would have went short at the First of this Month. How much I would ...

EURUSD

Right. The Psychological level never changes, but it sure does mess with the head. That's the part of trading that I have to overcome. It's very powerful.

EURUSD

Same here. Not touching it this week. Just watching and observing while taking notes.

EURUSD

I just used mathematics with swing highs and lows. So, I took the swing high on the M5 chart on 5-11-12, which was 1.2943 then subtracted that from the swing low of 1.2904, which gave me 0.0039. Then I took 0.0039 and times (X) it by 2.618 (Golden ...

EURUSD

And if and when it does go, I see a major reversal at 1.2802

EURUSD