I am looking at the same as you. I have been taking this week off to see if the eur$ does anything. But what its doing now isn't very predictable in mid term like I trade. It has a very bullish look to it, as if its gearing up for a break out to the ...

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1.5816 and 1.5888 trend line resistance ahead, if it keeps to the greater triangle. A blast through both could be fake or trend continuation. Hard to say witch.

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Sounds about right

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I just sat down to the monitor and was like, WTF? Yea didn't expect that, but I guess it had to do something, other than sit on the weekly pivot all week long.

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EURO$ remains in the same situation as last week. Nothing has changed. If some one thinks they have a direction, there just guessing, or flipping a coin, because it is at a pivotal point where it can go anywhere, or nowhere at all. If you have to ...

EURUSD

The market says................. SIKE!!! I sure got took on that one. Poor $ news, worse than expected, and where is it going now? Who the heck knows. I DO! despite the news(technicals RULE!) the price is following a technical path. ( I just don't ...

EURUSD

I will say that I don't belive in the above formation playing out. Its just all I can see in it right now. A trip back to retest highs is what I think if were waiting on news. Because even if the news is good, the market expects it to be bad, so ...

EURUSD

Heres a possible one. If price fell to 1.5376 on news, it would make an AB=CD and a bounce there, would give way to a possible butterfly targeting 1.6000 or greater. image

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This situation I scalped a few but now stopped. There are a lot of converging trend lines from different time frames and its hard to discern a pattern. But rest assured, a pattern is forming. I will attempt to identify it for an entry but some time ...

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Man thats great, nice to hear. When you get to a low account level ie:100$ or less. trade .01 lot. Trade only when you believe a bounce is happening, and is taking off in a discernible direction on a trend line bounce. Or pivot bounce And only a ...

EURUSD

The problem was you not knowing when to get out. Or if the required s/l is too big (account breaker) don't trade. But it was easy to see when news hit and it was $ neg to close any shorts. I took a loss, but not much. Got back on $chf.

EURUSD

Mine says 1.5612. I guess difference in broker price feed. All the pivots are getting close together. Never looked at all 3 at the same time. So I don't know what it signifies, except ranged could continue. It could revolve around these pivots at ...

EURUSD

Watching weekly pivot again. Block or break.

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If you didn't wait for news you got took. We needed improved jobless claims for that scenario to play out. Now we have this expanding triangle to worie about. Now I'm not going to trust any breaks if it rallies all the way to the top.

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If its going to be a triangle now, I hope not, because it will be expanding triangle, and that will be false breaks on both tops, and bottoms, and will mess most of us up trading it. Including me.

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Or mabybe not, Still thinking long?

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Those intraday channels your trading will be meaningless in 1 hr when new hits. Daily trend lines rule over intraday charts. Market is just waiting for news

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The median line that ran block last time is at 1.5506. So I'll wait for that to break

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Why would you go long when it breaks, the last low that broke the trend line. Were currently under ALL pivots, and a break of the last low 1.5533 will give way to a free fall most likely. Bad euro news this morning, combined with decreased ...

EURUSD

Need to read the question I was answering. It was in reference to eur/chf

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