Downtrend image What Does Downtrend Mean? Describes the price movement of a financial asset when the overall direction is downward. A formal downtrend occurs when each successive peak and trough is lower than the ones found earlier in the trend. ...

EURUSD

There used to be a good section on CBOT how to read trends, maybe I can find it for you. If you look at weekly chart without any fireworks on it where would you see end of down trend?

EURUSD

Look, it can reverse any moment, I will not argue with that, how could I? But it is naive of you to keep saying trend is not down when EUR keeps sliding. In which case yes I do need a microscope to see what you are seeing. I don't trade minute ...

EURUSD

Around 1.3, because INTERMEDIATE trend on weekly chart remains down. Regarding your chart above there is a big problem there - failure at 1.51, which is below 1.6 high.

EURUSD

The plan is quite basic Fact - down trend still active Not Fact - EUR is reversing

EURUSD

Are you full fat or skinny kind of coke? Good luck, but I find your targets overly optimistic, because the bottom that took a long time to carve out has now become the top (mid 1.34s) forget about +- few pips. Why do you see EUR getting to you ...

EURUSD

"I must admit that the late-night meetings, the dramatic announcement of an agreement, and the press conferences by European leaders are highly effective tools to impress the outside world. Ms Merkel in particular is a very persuasive politician. ...

EURUSD

Intraday is for you boys, for me it's just fun

EURUSD

To read or not to read is a personal thing, although I would rather look out for price reaction to key data events plus resolutions like last Friday than at price vs volume. I ask if bull Euro is back, then why such a puny reaction? Surely we should ...

EURUSD

I vote gap to close, just for fun.

EURUSD

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EURUSD

I think you are jumping the gun by starting to buy dips, down trend is still intact. Have a look how down trend stopped in DJ that you mention, can hardly be compared to thus Euro action. But you say that it will happen, oh well, I don't have a ...

EURUSD

I remain short (for now).

EURUSD

@Malcolmb Let me share my experience on price action. If last Friday's resolution was indeed "problem solved" we would already be staring at 300-500 pip up spike. Because we are up some from the lows suggests that their resolution failed to stop ...

EURUSD

yes, 1st point generalises

EURUSD

@Skyzer 95.897% lose because: 1. They don't know what they are doing, but think that they do 2. They don't know how to re-enter a trend 3. They don't know where to place stops 4. They don't know where to take profit 5. They don't understand what is ...

EURUSD

So what happened to LB & BS? USD may well be fundamentally weak, but I tell you nobody knows why is it trying to bottom on monthly chart, yet it is bottoming. People can speculate that it's this or that blahdiblah, market moves you follow don't ...

EURUSD

Market is always right

EURUSD

“The dollar is still the safety currency,” said Jonathan Xiong, a senior portfolio manager and director at Mellon Capital Management Corp. in San Francisco, where he helps oversee $18 billion. “The European news that is coming out is unclear, ...

EURUSD

One of the heads at UBS has said in an interview with Bloomberg that Greece will still default, as they will not be able to maintain their debt, he thinks Eurozone is just trying to ensure a 'soft landing' by not letting Greece default now. Most ...

EURUSD