Yes, because this is just a retrace/stop hunt before a continued short move. IMO, it will reach at least 1.22595 by the end of the week, and there price will decide to make either a dramatic rebound or dramatic short continuation.

EURUSD

I bladed pendulum blade swinging back and forth like in Poe's the pit and the pendulum. I wait for the swing and try to catch the swing back the other way...if you try and catch it too early you get cut.

Trading is like ...

I don't trade with anything less than a 100 pips stop loss. I've seen too many good trades getting bumped out by abberant moves. There are just too many things, like big news reactions, slight news reactions, spread widening.. that make small stops ...

EURUSD

I wasn't suggesting, "how to trade." All I'm saying is that 15 pips is rediculous, unless you have a crystal ball and razor sharp entry timing (sorry but no one here does) 15 pips is going to get you stopped so often it will screw up any edge you ...

EURUSD

This is the type of thing that happens with rediculously small stop losses. (Not picking on you in particular Kaizen, I'm making a point.)

EURUSD

It's not about, "how you see the chart." That phrase it'self is pretty much nonsense. I'm talking from live trading experience. That is why I know that anyone who trades with rediculously small Stop Losses is going to lose the majority of their ...

EURUSD

You can disagree all you want, when you've been trading live for any amount of time, you'll see I'm right. Even if you, "get it right," 80% of the time, quite often when you, "get it right," price comes back to entry 2 or more times and then some to ...

EURUSD

1. a 15 pip stop is straight up retarded. You would have to have a time machine and be able go into the future to see EXACTLY where price turned from not to get stopped out a lot more often than not. Extremely small SL's don't protect your account, ...

EURUSD

Got stopped out at +40 on my short. And of course that was almost the exact retrace point that it went more short from. Sigh, o well, done for the day.

EURUSD

LOLz still holding my short from 1.22595 ...saved by the spike.

EURUSD

It is alright to say I suspected it? Since I've been in a short after the last long spike from 1.22595, lol.

EURUSD

Ahhhhhhhhhhhhhhahahahah.

EURUSD

LOLZ you still talking about trading?

EURUSD

A continued short move away from 1.2330 would make a right shoulder that lines up to the pip with the left shoulder I imagine I'll be dissapointed again, but one can hope.

EURUSD

No attraction? LOL, what you don't think anyone thinks the EU is in danger of going short?

EURUSD

I do happen to be short, but I'm not a perma bear.

EURUSD

Any mention the near perfect head and shoulders that just completely formed most noticeably on the 1H? That shit would scare me if I were in a long right now.

EURUSD

Coincidently, that is where I'm still holding a short from 1.2259

EURUSD

Can someone post a list of what indicators are supposed to be loaded, repeats of the same indicator for different time frames and their settings, to get create a tma template with appropriate 4 time frame TMA's showing. I'm fairly certain that I ...

Extreme TMA System