Awesome, thanks for the explanation!

Backing Trades Thru Charts

Hello Coke, Just wondering why you no longer like the eur/usd set up? Technically it looks like a nice set up but with all the EU and ECB news kinda risky so I was just wondering if it was the news that kept you out. Keep up the good work. Thanks.

Backing Trades Thru Charts

Very nice trade. I must have not properly understood your entry from your chart it looked like you wanted an entry at 1.5815. Although anything at or below pervious support would have been a good entry point.

Backing Trades Thru Charts

wow clear rejection off the support zoomed over 100 pips already. Is this the rejection you were expecting at the fib and point D or do you think it will come back down. Thanks

Backing Trades Thru Charts

As much as I would love to short this thing I dont think anyone really knows how much higher it can still climb. I wouldnt even know where to place a proper SL or TP....this thing has been insane in the last 24 hrs! Its best to stay out.

AUD/USD

If we get good news tonight this think can head over 1.01 tonight....I agree that it's really high as it is now but who knows when this thing will turn it's in a strong up trend.

AUD/USD

Thank You....but I was thinking for along the lines on shorter terms like on a 1hr chart or 4hr if you saw anything from the charts.

Backing Trades Thru Charts

With the Aud/Usd making new highs and not respected the UTL where do you think we will go from here? Thanks

Backing Trades Thru Charts

Hello Coke. Any idea what the eur/usd is doing seems like it doesnt want to come down?

Backing Trades Thru Charts

If everyone thinks its going down and shorts as sure as the sun while rise tomorrow it will continue to climb. The U.S. open may very well push this thing even higher....i'm out of the game to risky at this point.

EURUSD

Stocks are going to open higher we may rally today if we do it isnt looking good for the euro shorts.

EURUSD

I'm out @ +100. I doubt we will see a strong reversal before U.S open.

EURUSD

I use an indicator supplied by my broker....take a look at Mal's tread how to trade using VSA.

EURUSD

Buying is happening at larger volume...be careful.

EURUSD

Doesnt look like this will hold.

Backing Trades Thru Charts

Trade the trend....its going up dont fight it.

EURUSD

I agree...but I may get in on a short earlier then 5667 perhaps 5619 the high on the 15 min chart just in case it doesnt get to a high of 5667 where are you putting you SL. 5700 Looks good to me.

Backing Trades Thru Charts

Thanks...59.81 does seem significant to me also may serve as a bump before it goes back down if it does.

Backing Trades Thru Charts

Thank you very much for that. I entered once it hit the TL again at 61.01 with a 25 pip SL which was hit at 61.26. Should I have entered at where you red arrow was which was at 61.15? Thanks

Backing Trades Thru Charts

Hello Coke trying to learn from my mistakes got stoped out on this trade any idea whats going on? Thnaks

Backing Trades Thru Charts