4HR Channel — FX, where are you drawing your fib to? I have mine from Friday's high back to April 22's low. At that range, the 23.6 retrace would just about hit the bottom of a H4 upward channel. You seeing the same thing? I have managed to ...

EURUSD

Is this considered late morning? Cause it's falling like a rock. It took my losses on my long when the 1.398 gave such strong resistance and took a short position. Looks like I'll at least recoup what my last trade cost me. I should have ...

EURUSD

Selloff — Starting to wonder if we're foreshadowing now. Seems like my long position was starting to gain momentum until about 1.398 and then turned abruptly south.

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Can I take you up on that? I have many questions and would be extremely grateful for any guidance.

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Divergence... — Can you elaborate? What divergence? Are you making that prediction purely based on divergence or other indicators?

EURUSD

Temporary top — If this candle holds down strong it looks like a short-term top to me. I've got a short stop in just below the R1 and 50% fib at 1.3820. If it makes it down that far I think we're on to make it back to the open.

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Ola — Hello all. After yesterday's strong start and abysmal end I am duly humbled and scared that I don't know what the **** I'm doing. Here's what I'm looking at on the M15. Looks to me like we're shaping up a large channel. If it confirms, ...

EURUSD

Or it could just be ranging and I learn another expensive lesson.... sigh I've lost as many pips as I can stand today.

EURUSD

True... true. Thankfully I think it's still gonna break down even though it's a shoulder with a hump. It's still forming a descending triangle. I did jump too early to short, though-- classic over-exuberance in the Greenspanian sense of the word.

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Am I allowed to give kudos to my broker in this thread?

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Shampoo anyone? — Here it is on the M15.

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Showing as H&S on the 15 min. This thing caught me napping twice now.

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Stair Steps — Just forming another stair step before going up again?

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1.387 — I'm looking for 1.3870 before any real downturn. Still a channel up forming.

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Gotcha. Maybe I should start looking at the weekly as well. I see a third monitor in my future.

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OK, I understand your thinking. But I would have expected resistance at that point on the way up if it was support on the way down. Or are you simply thinking that the intersection of those two lines makes a convenient target? Thanks for the help! ...

EURUSD

Would you mind walking me through your logic on that? Why 3738, and why a 15 pip stoploss? I'm a pattern guy and right now I've got nothing, so I'm curious what you're seeing.

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I took you seriously. I just don't know the Japanese candle patterns well enough yet to identify them without help. Wishing I did, cuz I'd be in the money with you. I took 3 pips out out the rebound from the run-up, but got none of the run-up. Now I ...

EURUSD

Can I get some info on that? Your results are impressive!

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That was just a test run to work the grease into the wheels.

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