Draghi speaking.... could be shorts down to 3000 :-) Even more reason not trade Mondays. If you're long from below 2964 then you're fine I think, or cover your open trades.

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Personally I would buy on the break as it's confirmation. I wouldn't place an buy order on 36. However... I could also wait until it hits 36, then wait for a HH and HL on a smaller timeframe: 15M in conjuction with 1H, and look to buy on the HL..... ...

EURUSD

4H closes are very important intraday barometers. You can't ignore them if you're looking to scalp, even at 1M levels. The last 16 hours (4 x 4H) have been down. So what's the intraday trend? I think people are still attempting to pick tops and ...

EURUSD

EU price rejection on the 1H of 94 and 64 indicates lower. 30 pip interval projects to 34 or 04.

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Hiya Cornelis! How's it going? Long term I'm bullish. But I feel a deeper correction to near 1.24ish or higher for a confirmed bull run. Just my current thoughts - but always open for review. Managed to view a little bit of the materials but I'll be ...

EURUSD

Morning Junkies. Looks like EU is retracing the steps it took on the Friday. I'm on the sidelines at the moment. No point trying to pick intraday direction with no new highs or lows. The weekly shows a down bar being printed so it will be ...

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Well done Tom. This Fri had me as a victim today... bring on the weekend! Have a good one mate!

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Sorry just being manic friday and wanting price to be south of 66 and 55 where I've shorted. The bounces have been spot on as you've called - great show Sir!

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Gator, I'll be upset if your 38/39 bounces beyond my 55!

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AH LAY LOO YAH!

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Sometimes I wish there were B.E. stops on a binary option :-(

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Hahaha... and that's why I said I wouldn't scalp it as I had no idea what the news would do. Still short for today and bull for next week though. But can someone get this cripple to give up on 55 already and head on down south! EDIT: Come on EJ! ...

EURUSD

When in doubt, don't trade. If you have reasons... then go with it. It's better to be wrong (with controlled risk and MM) and have a reason than to be wrong and clueless as you wouldn't know what to correct or change.

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Just to add to this... if you were going to scalp to the short side, you might as well attempt a position play...... er kinda like now.

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Personally I wouldn't scalp it.

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I took that view mid morning here in London. Frankly I was trying to find the right justification for a trade to hedge my longs. So if US opens in this move and NYC continues it, then I'll have IN-MONEY options expiring just ready for dinner ...

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It's triangulating so it's a good breakout pattern if you're scalping. Here's the 5M view

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You'r right there. I think this is what was throwing me and few others off..... the 3000 is at the H/S type pattern on the weekly that makes for an ambiguous area. It's possible to argue for continuation of Weekly Bear or New Weekly Bull @ 3000ish.

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Oh I know... but I mis-timed it.. Thought it would start today because Asia low wasn't tested..... but then it was at 7AM. But yes, I'm BULL looking for 3190 for BEAR

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LOL... The Weekly Bull not dead. Today's Bull Yes...

EURUSD