you're probably right, better to wait, no good - the bull case, not yet... see if this next 15 min bar closes as a second signal long within three mins. If so, the idea may still work and produce a spike.

EURUSD

EU 15 MIN Taking a jab long in EURUSD, seeing a potential MAG setup (first bull signal bar with a gap below the moving average in a strong trend) on 15 mins, and double bottom bull flag on 5 min. Targeting min 15 pips based on momentum. The 15M ...

EURUSD

You're right -- it could have worked fine in the sideways market that we had last week. But now after a strong breakout (ir we're talking EU) the risk is much larger, beware. One thing that strikes me in this strategy is the 1/6 reward to risk ratio ...

EURUSD

will read, thank you!

EURUSD

Yes, the Nash Equilibrium is a general game theory concept but applies to markets in terms of weighing the bull case against the bear case, and particularly taking into account the interests of bears and bulls on different timeframes, long-term vs ...

EURUSD

A thought, provoked by discussion on another thread, reposting it in my journatl: Contrary to what many ego-driven retail traders believe, the market is not a zero-sum game of wills and predictions when it comes to specific trades and gains. The ...

EURUSD MultiTimeFrame

Contrary to what many ego-driven retail traders believe, the market is not a zero-sum game of wills and predictions when it comes to specific trades and gains. The entire market may be zero-sum in the end (though it is not actually, ...

EURUSD

The take-away from today (Friday), for we need something positive, not just whining about the money lost. The morning shorts worked well. The reason for taking them was that the bulls were having trouble even reaching the bear channel trendline on 5 ...

EURUSD MultiTimeFrame

Must do some review and soul-searching -- as soon as I skipped my review and cut down on preparation in the midst of other duties and dissipation (but really unwillingness to take responsibility for results...), my trading went down the drain, lost ...

EURUSD MultiTimeFrame

EU 5 MIN could be just a rug pull and back to range. Got stopped out on a tight stop, but re-entered, and would re-enter short still at 1.2463 with a tight stop before giving up on the bears.

EURUSD

EU 1H wow, but not unexpected. I'd say beware of shorting here though, any level could be a trap. Taken my small pips here. Seeing it going below the AB-CD minimum target right away -- dangerous turf for shorting. To add to the short, I'd wait for a ...

EURUSD

nice picture, but how do you know? I'm not saying sell the bottom, but get rather get in before it's too late. Cause the breakout may be volatile, whether it eventually succeeds or not. The low of yesterday is a big magnet and surely many ...

EURUSD

Why not, i think (and wish) that if it goes to 1.242 soon, it's very likely to break down. The bulls will have tested this morning's bear breakout and will have failed on that reversal attempt.

EURUSD

EU 15 MIN Was a scary fade, but I'm in. Let's see if the bears have any steam left.

EURUSD

EU 1H Sure, the only question is how much of a pullback from intraday perspective (that's my strategy at least, looking for 15-60 pip moves). My thoughts: from the higher TF perspective EU is in an advanced bear trend, but now going sideways for a ...

EURUSD

agree 100 pct :nerd:. Very likely to get a breakout pullback on 4hr and 1hr and, possibly, failure altogether, who could predict. Still prefer to trade as an expanding range (fade entries only), but the short side rather than long.

EURUSD

predictions sound good...

EURUSD

EU DAILY / 4 Hr Very itchy to take profit (and actually did take some), but seeing more down potential on higher timeframes. On the daily, we first had a bull Lower Lower trend reversal bull setup that failed, then a bear inside-outside-inside that ...

EURUSD