It's super tempting to turn an intraday scalp into a longer term swing but usually bites you in the ass unless you performed analysis on higher TFs and placed your entry with a swing trade in mind

AUD/USD

oh right, my broker paints weekend candles not sure if that invalidates the pattern or not as the second half of the "head/neck" could've been pressure to fill the gap

EurAnalysis

i chose to draw on H1 since it's easier to see the smaller inverted one.... H4 shows the same data from larger picture may be easier to spot the regular one i see... please do correct me if i'm wrong, not 100% on all the requirements for H&S and too ...

EurAnalysis

sorry wanted to add a chart

EurAnalysis

maybe the inverted H&S on the 1 hour chart is playing out to complete the regular H&S on the 4 hour (second shoulder could be as high as 1.262XX)

EurAnalysis

maybe this picture is trying to tell me something, the moron is using a hammer for a screw

EurAnalysis

I've got mine out, but I'm not sure if it'll do much

EurAnalysis

wow the DXY took a pounding there, was it the oil inventories?

EurAnalysis

i guess having extra liquidity never hurts

AUD/USD

do you think you'd have better results trading if you had less margin requirement, greater leverage, and access to more volatile markets? i would try to gain consistency with one or two pairs with tiny position sizes nothing near the 1:50 maximum US ...

AUD/USD

Spanish 10 year bonds up 5 bps to 6.75% Italian 10 year bonds up 6 bps to 6.23%

EurAnalysis

a chance to load some shorts

EurAnalysis

look at H1 and H4

AUD/USD

a little late but also noticed there was a bullish butterfly and bounce off a MML but its off the M5, which ive seen patterns invalidated or manifestedf only momentarily

EurAnalysis

i think the dollar is meeting a point of resistance and is weakening, still have 40 minutes on this candle though

AUD/USD

make sure you trim a nice hedge (lame i know but i had to say it)

EurAnalysis

LOL haven't seen something like that since high school

EurAnalysis

ah I see, on second thought, I think FXSwisstrader might have gotten it right with Germany saying "f this!"

EurAnalysis