It broke the trendline and the recent resistance levels... could take off upwards

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I think that is a good play. 1.2960 is where I'd enter, it's the TL on the 4H intersection. Can't access my broker... really frustrating.

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1.2800 is the TP I have right now... will probably keep it, thanks.

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I'm still holding on to that EURUSD trade at 1.2950. It looks like after... 8 hours? It's finally taking off a bit, +70 right now. Just a matter of finding where to take profit... any advice welcome.

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Euro is definitely looking strong today, I'm just playing a technical retrace... we're overbought, etc. Using a small position to limit my risk, anyways... can finally do that! (I had a micro account before and was undercapped... had limited money ...

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Just went short EURUSD at 1.2950. Was near the daily trendline. Took a small position, 40 pip SL, going to let it run while I'm at work and see what happens.

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It's down over 200+ pips right now... would've been a good one, couldn't trade today though.

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By the way, check out a daily chart of the EURUSD, with trendlines drawn to create a nice pennant with a bit more room to keep developing. If it continues to 'obey' the pattern, it looks poised to break out almost right at the start of the new year.

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I was watching the USDCAD last night, waiting for a break on either direction of the tight consolidation. Was basing it off oil... saw the break going north and oil getting cheaper, couldn't pull the trigger though. $40 oil? I don't know, but I am ...

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Could be breaking out right now. Equities are getting smoked, could be in for a ride.

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It could have a big range, but it's a friday so it's hard to say. Low volume can mean high volatility, could just as easily mean very low volatility too. Personally my bias is to the upside on the USDJPY. It's quite oversold.

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Whoa, swissy took off big once it breached that TL.

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Yup, looks like it was definitely a good level. Unfortunately I wasn't awake for it and already had a euro trade for +100 so I didn't set any price alerts. Anyways as for a target on that trade, I'd look to 1.2065, roughly 120 pip move... we'll see. ...

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Watching 1.2184/00 on the USDCHF 1.2580 on the EURUSD

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Here's my perspective on things. Looking to go long at 1.2650, of course whether I take it or not depends on the price action at the level.

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Glad to see you got some pips then. I'm very excited to see what BRV says about breakouts and the other ideas he mentioned. I feel very comfortable trading how I'm trading right now, and at this point I'm just trying to expand my base of knowledge, ...

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Found another good resource... www.kathylien.com It's a blog from a FX trader/analyst. I've seen her on Bloomberg and CNBC, and she seems to know her stuff pretty well. There are updates pretty frequently, and often links to other analysis. Pretty ...

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C'mon Guerrilla, I thought you were with me on that one Watch out for tunnel vision... you seem to be really focused on breakouts. Let's see if it goes all the way to 1.2800? Would be nice from a prediction standpoint, but I already closed my ...

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It's from last week, it's a pretty small bucket (in terms of how long the 'fight' was at the level), I would probably not lend much significance to it. You have to say to yourself... is there a good chance or orders being stacked up there? It's ...

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I don't think I've seen us move 1000 pips without a bounce in the EURUSD, ever. Even during that period of rapid selling from the 1.60 mark, we still had 1-200 pip retracements, and those were historic sell offs. It's possible to go 5 or 600 pips ...

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