Nice point. I find DXY useful along the lines of looking at all those other charts for currency strength/weakness. Also for trend. DXY seems to be more accurate with predicting trend in EU than EU on small timeframes like 15m, but I may be fooling ...

EURUSD

My thoughts on EU. First I was wrong on the Friday afternoon shorts. So it goes, but should have seen it coming. Where from here? As has already been posted by others, there is numerous resistance at price & just above. We have historical sellers in ...

EURUSD

Shorts weather here. image

EURUSD

I exited ALL my buys "too early" if looking at it now. I even took some losses on some buys this week. It happens. Right now I'm not planning on taking shorts today but I did earlier this week, but none for more than about 12 pips. I'm still looking ...

EURUSD

Thanks. I didn't chase price, I saw an entry. Price broke the 1.1311 high then quickly defended it as a support. I entered expecting a breakout. I did take those trades near 1020 & 1150 but didn't hold them while I was sleeping, I go for smaller ...

EURUSD

Seriously, better? When I closed it, it was 1.2 pips below the high. Given the entry didn't want to risk anything. Price then came all the way back to entry, so please enlighten me. Edit: By the way, SP under 2000 now, maybe a bounce now.

EURUSD

I didn't have plans to, but take what works. image

EURUSD

To me, it appears there is still a bit more room. I'm expecting 1.1330 on EU & 95.15 on DXU5 at least. Good day for bulls to make a major breakout if they want as bears on the ropes. Could see 1.14.

EURUSD

Why do you always use the wording, "single currency"? Are any other currencies something other than single? I understand more than one European state/country uses it, but its the same with the US dollar, for instance, perhaps others.

EURUSD

Dano, until today, I have always found comfort in your terminology such as "Max W5". Today, I still see targets higher than your listed max. In the event it exceeds your max, then what does that mean for your chart? Thanks in advance!

EURUSD

Guess. 1251. ABCD up.

EURUSD

Best of luck to you.

EURUSD

Here's the thread. url As I understand it, you use multiple later (better) entries & average them in with 1 bad entry at a time & then close them out at the averaged BE, or BE +. Kind of a martingale technique it seems, which is very risky as if ...

EURUSD

I'm always trying to outsmart the market! It seems the alternative is losing money when the market outsmarts you. As for the gurus/fake gurus, so what. If they are for real, then maybe they will give us something of use. If not, they won't. We make ...

EURUSD

I don't think you do know. You have to figure out what works for you. Some people like to short every HH & put tight SL, then move it to BE when they can. One hit of 50 pips clears out 10 5-pip losers. Some people like to find the trend on a higher ...

EURUSD

Higher high? I see a high of 1.1220 then 2 hours later a lower high of 1.1213. Normally, we get a lower low (than 1.1190) next, when already at daily ADR (30 day), but bears weak so far today.

EURUSD

I hate having to do rescue missions. I feel for you. Keep those stops tight on the rescuers so they don't go under with the others. For what it's worth (hindsight will tell us), price action looks like someone (prob market makers from my ...

The Really Useless Thread

Whoa! There are some big boy bulls driving this bus today. Stomping those bears. image

EURUSD

There's your bear candle. At least for BE+ stop. 1H & 4H should look ok going into NY 1pm.

EURUSD

I agree with your fundamental take on this, but as you are well aware fundys sometimes take time to impact the market. Meanwhile, lots of noise about 1.18 has been made & weekly ABCD shows it's a target (tho lots of hurdles to cross first so who ...

EURUSD