Quick One... — I won't trade any action during the Asian session. Too many head fakes. If we move out of the area outlined in my last post I'm out. I'll sleep or watch the price action...OK... most likely sleep and wait for consumer confidence ...

Psych Levels, Pivots, and Trendlines - Resurrected

Upcoming Euro Session — This could be a tricky session. In the pic below you can see .5720 and a trend line forming confluence. At some point during the session I believe price will move to that triangle and bounce off of it. Should price move ...

Psych Levels, Pivots, and Trendlines - Resurrected

The system... — If you are interested on how I trade this system check out this link. url Download the Pivot Point System and give it a look. (Be patient - small pipe) Nothing novel. It's all 'out there' - I simply combine the three when I ...

Psych Levels, Pivots, and Trendlines - Resurrected

Another Euro bull changes his tune... — url

EURUSD

More good news for the EURO bulls... — The economic outlook for Germany remains bleak as consumer confidence declined to the lowest level in five years. GfK AG’s index fell to 2.1 for August from 3.6 in July, the lowest level since June 2003. ...

EURUSD

This article is a must read... — url

EURUSD

Hmmmm — [quote=steelhead;2130574]So you are looking for 18 pips but will let is go 32 against you. How does that money management work? You better be right 100% of the time with that risk reward ratio. If you are going for 18 pips your stop ...

EURUSD

Your assuming the EUR will move up... — Hmmm. I guess we will see. m

EURUSD

Thanks. — Thanks Turtle.

EURUSD

Deeper Retracement Likely — On the chart below please notice the red line. It's a big one. It's the psychological hurdle the bulls will have to overcome before heading up again. Should the pair head north in the coming week it will probably ...

EURUSD

I'm still here... — I think I called a bounce and then CTA's selling into it. New Home Sales should give us a clearer picture. If it shows any improvement .5625 will be tested again. Again... we had poor Euro-zone data this morning and Core ...

EURUSD

This some pretty nice bank — 200 PIPS is nice profit. You can always sell after the bounce... if we get one.

EURUSD

A bounce likely however... — Poor housing news this morning out of the US should have sent the EURO blasting off to new highs... so I'm told. Well - the news was bad. Existing home sales dropped over 2%... the worst in a decade and the best ...

EURUSD

Are you serious... — If you think support will hold you'd better hope existing home sales prints very poorly or the Euro will find support... near .5500.

EURUSD

Pop...Pop...Pop... — The sound of stops going off everywhere. Don't let this bounce fool you... .5610 is coming soon. Large banks are trying to prop up the Euro and it won't last long after those numbers.

EURUSD

Nice Analysis — Very much agree. Nice summation.

EURUSD

— No one beats the market scalping... except for those of us who do. Quote modified version of original by D. Dreman.

Chronicles of the Price Action Scalpers

Pysch level scalper — I've never considered myself a scalper. The more and more I analyze my trades the more I realize I'm probably in this category. Scalping... much like day trading is one of those words people in the financial markets don't ...

Chronicles of the Price Action Scalpers