Scrap that, it's going higher!

Silent Service Method

Early days yet but we could have a trendline forming here. The magenta lines are short term s/r as opposed to the blue round numbers from the weekly chart.

Silent Service Method

So far it looks like a good call but I'm holding my shorts still for another push to break 1.2150.

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Out of interest why did you take profit? Are you expecting it to stop going down at 1.2150?

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If you don't mind my opinion on this I would say you are drawing too many trendlines but more importantly the trendlines you are drawing don't tell you anything about the current trend. I always use the wicks of candles, ie the high and low of ...

Silent Service Method

I had a trade open from higher up so used that equity to give me a free trade selling at the trendline in expectation of the push down. Not technical trading at it's best but the worst that could have happened would have been a small overall gain on ...

Silent Service Method

Here's the eurusd this morning uk time 06.30. Now that's a classic trendline break. Break down through the trendline, 2 fairly slow candles move to retest the bottom of the trendline and then bang, downwards move continues. The funny thing is that ...

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I added when it touched the bottom of the trendline. Got a bit of profit locked anyway so it's free trade time Going to bed soon so I'll see how it looks in the morning. Night all.

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Looking broken with 30 mins to end of the candle, a nice retest could be an add on opportunity down to 1.19?

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I'm watching that too, here's my chart. I think it could be time for this trendline to break and the trend to finally resume but we'll wait and see.

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Can't live with 'em, can't live without 'em

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That was odd... there was a lot of selling pressure on eurusd pushing it down by 10 to 15 pips in quite big jumps just in the last few minutes of trading. I wonder if this tells us anything for the general direction next week? Could be one or more ...

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Nice trades everyone. I'm short eurusd but it's hanging around 1.24 too much for my liking, either it's going to drop from here and the trend continues or it'll carry on retracing. Next week will tell. Have a good weekend all.

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I'm generally short eurxxx right now (bounces from major trendlines)... all except eurgbp (missed the call) and eurchf (too much intervention). Is anyone else actually trading eurxxx? I'm thinking of starting a trading journal for my own trading as ...

Jacko's Forex House of Pleasure and Pain

They say the two are similar but try speaking Spanish to a Portugese and see how far you get! I tried it in the Algarve on holiday last time and it was weird, every other word worked fine but the inbetween words were way off! Edit: Not to mention ...

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I'm not trading this, I'm trading eurcad but 1.04 looks interesting. Not a very clear trend or anything though. Chris, am I right in thinking that these days you take more trades from the weekly than the daily? Place your trade, let the noise happen ...

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Oh you know that's true! What a tune anyway, I love rap in Spanish, so many things end in -o or -a, it's a rappers paradise.

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I'm having problems seeing right now... Chris's post regarding spiced rum is pertinent, except my music is still there, I'm loving my life,-

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No but somebody has to pay for it which as long as it isn't you then why care? Ok, problem number one with democracy is now uncovered...

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For Chris, enjoy it, you deserved it ;-) video

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