Hola, Trendline breaks can still move up on the backside. But we do have a break and a retest, so more downside probable. I would like to see it ride the backside up to 1.33 then backdown to .382, form a bottom then back up to resume trend.

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I have that same book. Latest edition. I get lost in zigzag, flats etc.

Trading EURUSD only

So you think we are capped at 1.3400 ish?

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usually i would just let it go, but today im not busy. 1) The DOW does not determine dollar exchange rate, if anything the dow fluctuates from moves in the dollar's PA. 2) Americans in the market can produce trends just like any other time of day. ...

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I am looking long, but..... Due to the time of day I will not enter a trade unless scalping. Timing is critical component of trading. So many good entries stopped out by London preopen fast moves just to continue with trend later. I have alarm set ...

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Gotcha, thanks for response. We dont need any head punching in this forum

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Possible .382 FIB correction from the breakout point. Which is common place to gain corrective support in a strong trend.

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looking for PA to be contained in box with all the "battle wicks" If it falls much below 1.3250 area not good for long.

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What do you look for to claim conviction on reversal after a fast move like that?

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agree, still dangerous for long entry. if entering now, only 1/2 ns with reserve to add at weekly pivot and daily s3 confluence area.

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I am gonna let it consolidate here for a few. Then look long.

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glad i havent gone long yet LL LH, weak PA.

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Agree: 1.33 looks like a good support area. Thanks, enjoy your weekend. Out.

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The question is: How do you get a safe entry long from here with minimal DD on small account towards a possible 1.4200? Thanks for your comments. All welcome.

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Thats why I will make a separate account. I have closed so many good entries to get rid of lates ones due to FIFO.

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Nice trade. I have always been a sounding board for longs on a weekly close above 1.3000, shorts below 1.3000.

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Steve, I am willing to post 1,000 US$ to a realtime account for this 1.4200 trade idea. I will open 1 minilot which is about 300 on 1:200 leverage. Now, all I need is an entry and SL. I can post its gains or losses on a regular basis. I have always ...

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AGREE=divergence is leading indicator. I have never tried RSI 3, so I cannot dispute. I will look into into it with my backtester program and get back to you after this weekend, thats when i setup possible strats, during off hours. Thanks, always ...

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Divergence The problem with divergence is what timeframe and setting of your oscillator. I use standard settings of rsi,macd,cci. They will all show divergence and it is a common indicator in MT4 tools. I want to see what every trader sees. ...

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I told you before i like your channels, especially the higher TimeFrames. I wish I would have notice the divergence, before it exploded up.. I had to play a breakout of monthly pivot, so im in later than you.

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