Yeah, it does look ready to drop soon. I've been keeping my eye on it. If I were going to trade it, I'd short now with a 1,500 pip stop and target 1,000 pips. R/R is not great, but it seems like a highly probable win.

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I've done something similar many times, trading for small moves against the bigger move. It usually backfires terribly. I end up not only losing on the small move, but then I'm out of the bigger trade. Then I'd wait for the pullback that never ...

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Yep, markets not making it easy, as usual. This is why I don't keep tight stops anymore...I'm not that good. Market has a certain amount of unpredictability, and I have come to accept that. Doesn't mean it can't be defeated. Anyways, this spike ...

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I do, however, think we will be right back down below 135.50 before end of the day. Just not ready to move stops or add risk yet.

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No, not yet. When I can confidently move stop to 137.09 or lower, I will look to add size if given opportunity. Adding size is adding risk, so I gotta be extra careful with it. I'll probably wait until 133.50 area before I feel 100% that 137.09 will ...

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Yes, steering clear of that pair for now. EURGBP is still a bear with potential for big drop.

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Looks perfectly normal to me. USDJPY taking out stops at a place where shorts got in too easy. Trust yourself, CK87. You have good instincts for big moves, but it seems your always finding a reason to bail way early.

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That's a good way to take yourself out of a winner. I've done that many times, trying to get cute. If it goes down slow, then there's opportunity for adding size. I've got a base position and I ain't getting out until it either hits my target or ...

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Naw, man, look at the 4-hr on USDJPY and EURJPY. Both look ready to go down.

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It should happen with FOMC today and more news tomorrow, but we might be in a slow time of the year now, seeing as how we're in the middle of the summer. Hopefully not. Here's a possibility to look forward to. If we can even come close to matching ...

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Selling really picking up.

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I think EURO will actually be the weakest major against JPY. EURO looks ready to fall against everything right now. Meanwhile, JPY looks ready to gain against everything.

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I don't see it that way. EURUSD just targeting an area where shorts got in too easy. Markets always do that stuff. Look at momentum on a daily. No indicators, just plain candlestick chart.

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It's fine. Just makes us wait a little longer, but once we get out of this area I highly doubt we'll be back for a long time. Everything appears to be lined up perfectly for a big fall in EURJPY now. The other levels where we had brief turns were ...

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Whether or not we get the gap, here's a forecast. Doesn't need to be correct, but it helps me "see" which direction is likely. It is a great practice of visualization and logic. It does come in handy if price follows the path, but I've yet to get ...

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I think so. The price action (highlighted) was extremely choppy and there were hints of selling power. I can see a gap down come Sunday open. Maybe I am too cynical, but those large weekend gaps we've had lately had to be a set-up. All 3 were ...

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Ha...just came in here to post and I couldn't find my thread. Didn't expect it to be at the top. Anyways, I think we just hit another high, though 137.00 is possible.

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Above scenario is out of play now as the pair has decided to test this area out before the big drop. I think it should be very close to a top now, if we didn't already make one. Dont see much more support once we make another low. Should be smooth ...

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Thinking something like this would seem realistic.

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I still see a strong possibility of fast, powerful drop before zooming right back up over a few weeks. This might not happen, but it is best for me to be prepared in case it does.

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