4H on EU? Dunno mate.... If you have a TL above it, perhaps. But stand-alone, looks like a bull-flag? Who knows mate!

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I'm hoping the 5M is a fakey and that the EMAs prove to be support prices. Daily is screaming for a punchout to the upside... whilst the 4H is teasing me that she wanna go down

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That made me chuckle.

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Not an EW analyzer at all... just picking up on what folk like Dr Doom kindly point out. But I think I get you. So the retrace can't violate a previous wave's price range. As in below, the supposed W4 went into the W1 range therefore invalidating ...

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Nice call... out of interest... would you say we're about to begin the 5th wave up on Weekly?

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As an addendum to what I'm looking at on the 4H, I'm applying some True Support Resistence Lines as extra analysis and it could be that TODAY's action could be capped by the following TL. However, it's been breached ever so slightly before.... so ...

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2 binary options in the money from 1.3013, expires 23:00 hours. 1 binary option out of the money at 1.3064, expires 23:00 hours also... if she breaks 65, I could be home free. EDIT: Current price action does not indicate a "top" yet, ie. space on ...

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I would probably say BEAR trigger at 1.2949, previous swing high now acting as support. I break of the first swing low after 1.306x could be a fake move. EDIT: But I like the fact that you're putting in IF..THEN logic as this is a far better trading ...

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No worries... we'll look forward to that next time! We'll take your share of the drinks :-D

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Liking it. The intersting thing is that the 2 smaller timeframes that support the daily: 4H and 1H are already showing an uptrend within their respective time fractals. And obviously the smaller the timeframe, the more magnified a "down" move will ...

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We're clearly at a decision point. Here's the Daily view with a convergence of EMAs and 3108 in sight.

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err... he's Long? with stops below last swing low or a set interval.

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Pretty much guilty of all of them. The turnaround is how quickly you can recognise it when you're doing one of these things. That's always the first step. I find a trading diary helps massively.

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That's so true mate... expand the horizons. In January I sat with a trader who finally explained the cross-currencies - especially the YEN pairs. And it was such a revelation to see it in action. For eg. if I was biased long EU sometimes, EJ would ...

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That spike looks like a bounce off the 200EMA on the 4H so definitely looks like higher. EU is either a) still likely to do a bounce... or b) it's already done it and we ARE going higher. Got 3 longs from 1.3013. Actually they're binary options

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Thanks Kanzler... I'll dig some more and check it out. Cheers and Green Pips to you.

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As an aside, I went looking for a thread started by Merlin. It's a joke type riddle post.... But when I was reading and analysing it, I thought it had a reasonable breakout strategy as it used the 2 hours between 10 and 12 PM GMT to define the HI / ...

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Morning Junkies! Anyone reckon we'll see the daily low in the next 2-3 hours?

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Definitely no special treatment although Math might have something to say about that ;-) Hopefully won't be the last - and we need more female traders, absolutely! But all of this Cancun talk makes me think we should aim for an island rendezvous in ...

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Don't worry Matty... it's just £40 on EU. :-) Just testing out other trading "options" bwaahaahahahaha! Right... lunch time!

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