On my charts it had barely breached a lower and short-term TL (connect the lower lows of the past 20 hours or so). I guess I just wasn't expecting another run on it after it had made such huge moves Friday so the little dip was predictable as a ...

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I disagree on your observation for today. I don't think the dollar had much of a chance to take the euro further south. We saw a breakout on the GBPUSD last night, but the EURUSD broke out from it's range last week. We're down almost 400 points from ...

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The fib retracement is interesting. When I'm at work I look at only TL + S&R.. do you find the 78.6 to be a statistically significant level? Even when I do draw fibs, I only draw the 38, 50, 62 levels.

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Yep, exactly. I think if it does end up trickling down there within the next few hours or even later tonight it could provide a good move upwards.

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Watching 1.2562 on EURUSD if it creeps down there... haven't seen any substantive pullback recently.

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In case anyone has noticed, in the past week we've started to see deviations from the EURUSD to equities correlation. Equities have been up, but the $ has strengthened, the opposite reaction we'd expect.

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Don't hold over the weekend unless you are position trading. Why would you want to risk it? A 20 pip loss could easily turn into a 120 pip loss. You are essentially betting that the market will open up, which isn't trading.

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I got long at 1.2830. I scalped my 40 pips.. I'd like to have a bigger target but there's just not much I can do at work, so pips are pips...

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Watching 1.2831/00 on the EURUSD. Seems to be a bit oversold and if it reaches I will definitely be looking for longs.

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I'm not seeing any really good setups in the majors right now. Given the large moves we saw today, I'm holding back on looking at any big trades for the moment and interested in scalping small moves on a 1/5/15m basis. I think we will see some ...

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Right, basically use the ATR only on daily because no matter how many periods you set it for on the hourly chart, it's still just showing the average of the hourly moves, which is probably not all that statistically significant in terms of S&R, but ...

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Also, was browsing through some reports, and came across Saxobank's from Friday. Thought one section of it might be interesting given the past few weeks or so.

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If I recall correctly about the ATR, using it on the hourly chart will only give you the hourly ranges. So if you were to use 24 periods on the hourly ATR, you'd be getting the average ATR of the preceding 24 hourly moves, and not the ATR of the ...

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I'm not sure which post you are talking about, but Seattle has made some nice contributions. A lot of people are making nice contributions to the thread, it's really awesome. Nice to see people progress and bring new ideas to the table, too.

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For the record I didn't trade that break of 1.2940. The spread on my broker was over 20 at the time it broke. That is soooooo weak. It's still 16 right now, and hasn't really gotten any lower than 6. Looks like I'll be holding out for trades much ...

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I really like USDCAD short if oil and equities can muster some strength. If this happen, will be looking to short past 1.2940 after seeing a clean break.

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Isn't it? It's a bit of a conundrum... you need confidence to successfully trade (whether it's fades or breakouts), but it's difficult to get confidence without making good trades... and it's difficult to make good trades without confidence. ...

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14/3/3 are the stoch settings I also had the bucket drawn at 1.4777, withheld any trades though as equities are bouncing around new lows.

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I've attached the chart I'm looking at. For the record, I think you are in a good position right now, but I think after all the action today price may be a bit slow to move. As for what I'm watching in the chart... it's difficult to say. In a ...

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1.2475/50 seem to be further support, also. I think you will be able to scalp a few pips, for sure, but I would watch where your stop loss is because there is a little bit more room to the downside.

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