Don't worry, I too made a mistake... my instincts were telling me to take the short at 1.0908 but I forced myself to wait for 5 or 15 minute PA confirmation. Looks like I'm going to miss out now. Mike image

Mike's EURUSD Trading Room

Finally some movement. My preference is still to enter short above 1.090 (blue circle) with price action confirmation. The 1-minute ADX is very overbought right now but that's not enough to enter a trade in my books. Mike image

Mike's EURUSD Trading Room

I've got to be really careful trading markets like what we've had yesterday and so far today. Low range means conservative targets if I even get the chance to enter... and for my sanity's sake I usually don't give myself those chances! I did pick up ...

Mike's EURUSD Trading Room

Looks like we've just taken out your original target! I'm now on the lookout for long counter-trend entries. I'll take shorts on pullbacks to round levels. Mike image

Mike's EURUSD Trading Room

Not much has really changed since yesterday, the price has remained in a range bound zone. The blue channel set up on the hourly chart has been broken to the downside; from a purely technical standpoint a short position seems strong to me, ...

Mike's EURUSD Trading Room

Whether it tracks higher or lower I don't mind at all. So long as I get some nice entries at levels of supply and demand imbalance I'm happy I like your target for a short, the 4-hour chart shows evidence in my mind at least of a good bit ...

Mike's EURUSD Trading Room

Mate! Very well done. If I'd been trading on Friday I would absolutely have joined you on that one. Very nice trade! Here's a couple of quick charts to update the situation for the new week. Essentially we're experiencing a re-test of the top of the ...

Mike's EURUSD Trading Room

Morning all, I won't be trading today, going to be busy cheering on the Aussies at the cricket! That hourly channel break ended up being not particularly meaningful at all... I feel like if I was going to trade tonight it would be to wait for some ...

Mike's EURUSD Trading Room

...and this is why I don't trade based of my "ideas" of what the price may or may not do in future. I just finished saying that I thought price would continue upwards and its done the exact opposite. This is why I trade patterns and high-probability ...

Mike's EURUSD Trading Room

I'm back, feeling heartened as Brisbane actually won a game in the BBL tonight I set a trailing stop on that trade from earlier so I ended up with about 10 pips... not the worst but would've preferred 65 pips of course! I'm seeing a lot ...

Mike's EURUSD Trading Room

That's great to hear. Unfortunately my team (Brisbane) is on the absolute bottom of the ladder right now... Oh well JustUsePrice I'm in with you on that trade. My target is at 1.0825, so just a little more conservative than yours. The previous ...

Mike's EURUSD Trading Room

I'll be trading the early Euro session today and then coming back before the NY open. Unfortunately tomorrow I don't think I'll be trading at all, going to see Australia vs India at the cricket . Knowing myself I'll be watching the charts from my ...

Mike's EURUSD Trading Room

Great trade! You were spot on with that demand area, nicely done. What kind of risk to reward were you working with there? Presumably a stop below 1.0770? We're getting close to the top of the overarching hourly channel again. I'm starting to look ...

Mike's EURUSD Trading Room

Follow up to the previous post - that one would've been either a 10 pip gain or breakeven for me. I absolutely would not have re-entered short when the price came back up because of what you can see on the one minute chart below. The price ticked ...

Mike's EURUSD Trading Room

I know we've been talking about these long positions in the demand zone but man... I was considering a short at the 1.0825 level once the 5-minute reversal candle in the blue circle appeared. I was pretty keen on it to be honest; yes we're facing ...

Mike's EURUSD Trading Room

Welcome to the thread! I agree, the EURUSD is rarely a good pair to trade during the Asian session. I used to spent a lot of time on the AUDJPY with some success. Volatility is your friend . I'm finally back at my trading desk, thankfully ...

Mike's EURUSD Trading Room

I won't be able to trade until later in the session today so I'll post some charts now. I missed the big trade I was waiting for last night... it ended up occurring around 5am my time. See the 5-minute and 1-hour charts below - price pulled back to ...

Mike's EURUSD Trading Room

It occurs to me that I'm incredibly tired (it's nearly 2am here...) so I decided to close at 10 pips. Maybe I really should consider moving to a better time zone for trading this session... It's probably going to make 15 but I'm not in the ...

Mike's EURUSD Trading Room

I'm in long with confluence between the 1.0825 level and our friendly 15-minute array. Definitely looking to take at least 10 pips, preferably 15. Mike image

Mike's EURUSD Trading Room

New channel array on the 5-minute chart. Note that the price is still hugging the upper bound of the 15-minute array. There's plenty of room left on the downside of higher time frames however. Just patiently waiting for a good, high probability ...

Mike's EURUSD Trading Room