All aboard! — I'm inclined to agree with you and have jumped the train to 3955. Volume died on the way down and has started picking up as these last two candles have gone green. We've also got an ascending triangle forming at the end of this ...

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I'm taking my profit and running. Volume has dropped off significantly as it has moved down. I think this little run may be over for now.

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Shorts down — I'm short to 3860. I've been following volume and it's been negative for more than 2 hours now. I've been reading "Trading for a Living" and he makes a great point that volume will reflect the trend. i.e. low volume on an up ...

EURUSD

Avoiding the Pinocchio Effect — Next hour is a good time to stay in cash and do some reading, make aq new pot of coffee, etc. I just closed a long scalp for 13 pips so I'm happy for now.

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OK, I see what you're saying. Here's how I read those charts... I see the uptrend on the 4hr chart. I'd argue that it's actually a wedge that will ultimately break down but it's impossible to say how much farther up it will go first. Even if you ...

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I know there are custom data indicators available. My broker makes one available to pull in external data. But you've gotta get a feed from somewhere first. Have you looked on MQL4.com?

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Dunno. I guess it depends on your money management. Why 3960? The 100SMA is at 3962 on the 15min. Myself, I'll be looking for a bar to open and close below that and make a strong move below the triangle on my 30min chart before I consider going ...

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Running of the bulls — I think we could hit 4150 first, but then we'll be back down. There's an ascending wedge on the 4hr chart. That is ultimately bearish, but we have a triangle breakout to work through to the upside on the 30min chart. ...

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Bling, here's what is showing up on my 30min chart. Looks and acting like a triangle reversal. If it holds, we're headed up. The way I read your chart as well, we're on the bottom of a channel and have upside.

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I don't know if you can conclude that someone "knew" what was going to happen. If you read the posts from yesterday there was, I think, a general sentiment that there was going to be a sell-off today after the run-up last week and the US markets ...

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Ascending Triangle — Ascending triangle pattern. Heading North. All aboard!

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mornin! Why those levels? I've got my own reasons for 3740, wondering if your are the same.

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Ascending Wedge Finish — I couldn't sleep... I was calling it higher first because there was plenty of room North in the wedge and it looked like to was starting to rebound off support when I posted earlier. It looks like it hit about 1.4045 ...

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Signing out... — Well, all, I'm out for the night. Started the day with 9 winning trades and 1 loser totalling 30 pips. Managed to throw that away and more with two more trades and have inched myself back into the black by a whopping 35 cents ...

EURUSD

3740, 4740, etc — No, that's what I get for being too brief. An ascending wedge is typically bearish in the end. But you're right, it will go higher.... maybe much higher, depending on how far it plays out, before it starts back down. 47xxx, ...

EURUSD

H4 Pattern — It looks like an ascending wedge is forming. If so, it looks like we could see 3740.

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May be a lesson for me on timing. This has been a reliable trigger for me in the past. But on a Monday night holiday with such strong sentiment, maybe not. Thank God for stop orders!

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Or I could be wrong and it break through it with a vengeance.

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Respect the 100SMA — Place a buy stop just above the 23.6 retrace. The market respects the 100SMA so I will too. I don't think it will break the 61.8 though.

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