Breakout system went long on break above 200 HMA. Sometimes I hate these system trades from a discretionary standpoint, but I know the system is long term profitable, so I take every one and let the chips fall where they may.

Euro/Dollar

Yesterday's rumor fueled rise wasn't able to do anymore than pop the stops above 9/28 high before selling off as Rajoy gave no joy in his speech for the bailout announcement buy the rumor traders. The speed of the climax bar to 1.2967 looks like a ...

Euro/Dollar

Decisively take out 10 DMA which has constrained price over several days... trading 2941 having popped stops above yesterdays high... Offers ahead of 2950 will try to hold back market from tripping stops above 2960.... I'm not interested in getting ...

Euro/Dollar

I have no idea what will happen after the high impact ECB and NFP... For now, I rethought direction after the close yesterday when we had a chance to see the daily candle close... I cut my short from 2920 at 2885, and have long orders entered for ...

Euro/Dollar

1. I think direction is up... short term bottom is in at 2803... 2. I think its a buy the rumor kind of environment at the moment. My buy orders are at 2860... not willing to get in unless I get in cheap... German banks closed Wednesday ahead of ...

Euro/Dollar

Bonds always get it first and always get it right -- After rumors all morning the Spain bailout near ... in various forms... some say this weekend, some say just waiting on Merkel, etc etc.. Bond spreads have been tightening -- They know something ...

Euro/Dollar

Went ahead and booked profit in this rather than carry through roll over... From a TA standpoint this is tough pair in this zone, as it hammers out the last bit of a larger scale wave A off the 3173 high. Its entirely possible that Wave A's bottom ...

Euro/Dollar

Took a short at 2920... the failure at the trendline and 10 DMA was encouraging for one more push to 2750... The daily chart is rolling over to bullish, slowing momentum and a bullish day today.... I just don't think we have corrected far enough...

Euro/Dollar

2930 is such a good place technically to fade, but I am not willing to step in front of the rally... standing aside for more clarity.

Euro/Dollar

Canceled... spike fueled by Spain mulling over ECB "proposal"... The pile of offers that were in the 2930 area have disappeared and are now at 2950...

Euro/Dollar

Sell Limits set to fade 2925/30 stop above 2960

Euro/Dollar

I have no faith in this rally and still expect to see 2750 in one more push down... European traders did not have a chance to trade the Spanish stress test results, and PMI's came in with a slight beat... As US traders take over, who have already ...

Euro/Dollar

Closed - 60 Pips -- I think I was a victim of a stop hunt in early thin Asian Trade...

Euro/Dollar

Stopped out 2815 as 200 DMA gives way in thin Asian trade... now short targeting 2750...

Euro/Dollar

False Brakout Likely, 2750 back in focus — The sharp decline back into the downtrend channel from 3173, weak rally that faded at 2890 on the Spanish bank test release, and more importantly the unrealistic bank stress test parameters, coupled ...

Euro/Dollar

Just hearing that the Spanish bank stress tests will be released at 4:30 London... just after the European markets close. We are expecting a need for 60 Billion.... and bulls don't want a figure that surprises to the upside.

Euro/Dollar

When they restated their policy they left out a key phrase... With that phrase clarified now as still applying you'll not incur this fee unless you are a HFT.

MB Trading Futures - Introduction

Event risk surrounding Spain could break the bullish sentiment, take out 2870 and bring on another run to threaten a break of the 200 DMA... barring anything really scary, I see the 200 DMA holding, with Specs likely lined up ahead of it with buy ...

Euro/Dollar

Now that the daily candle has closed and given us a Bullish Outside day, I am only looking for longs on a Day Trading basis. In my swing trading account I have begun to build a long position as price retraces from Thursday's high, against the ...

Euro/Dollar

Thanks for the clarification. Your changes make a lot more sense in that light.

MB Trading Futures - Introduction