Strongly agree. I've considered weekly i.e. long term trading, but waiting a year for a 500-1000 pips on a trade doesn't appeal to me either, when that many pips can be had every week or 2.

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No SL. Okay, good for you. Not good for me. Thank you for YOUR opinion

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FX-O, not offense, but not sure how this helps, we'd need a 200 pip SL to go long right now, with what target? 90? That's only 200 pip gain. So, a R:R: of 1:1. Doesn't sound appealing...

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as I'm watching the price now, my "range" instincts are kicking in... Will watch how price reacts to the top trend line. It is not showing strength to get through it right now, but will be watching closely. Strong break out, I may jump on long, if ...

AUD/USD

Also, daily chart is still in a range. But I admit, if I had to pick a direction, it would be bullish right now due to H1 and H4 time frames, but we'll see if it is ready to break out of the daily range it's been in...

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well, maybe we don't see the same thing, but I am coming around to being bullish, with the only concern being the resistance I see, top trend line (and also daily closes not shown on this chart). But there definitely seems to be strong momentum that ...

AUD/USD

H1 and H4 looks really, really bullish too. Even daily chart is trying to hold above 8 ema for 3 days in a row, if you include today. Hasn't done that for a while... If we get a strong H4 close above 8803, maybe I'll start believing there's a chance ...

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Yes it is looking strong right now.

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Not saying you or anyone is wrong. Just saying I'm not comfortable or confident trading against a barrier. If it breaks out, great. But there is resistance upward and downward. We are just closer to the upward resistance right now. Until price ...

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Seriously, though, if this thing ever decides a clear direction long, I'll gladly jump on board. Not sure how anyone could be confident in the near term with long positions after price has clearly shown it can't stay above 8803? Gets slammed down ...

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You're scaring me

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As long as bears hold it below 8803 shorts are safe. Even above that, lots of resistance on the upside, but suggest SL a few pips above 8803 for any shorts.

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good place to add to shorts headed to bottom of range

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yes agree with bearish comments currently will head down now bears protected 8803

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geesh, this thing is putting me to sleep inching above 8787 1/8 of a pip at a time. Hope it moves a good 50 pips after waiting all this time... While we're waiting, here's a nice picture of a diamond we haven't seen for at least an hour Hey I ...

AUD/USD

Bears put it to sleep all day pushing it down. Just needs to poke it's head above 8787 to get the kinks out and start moving a little. Target is 8803 - We'll have another showdown between the bears and bulls

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did you catch that Still time. 5 pip SL entering at current price...

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Yes! and still a good entry point with a really tight SL around 10 pips. Even less in a minute or 2, as it looks like it will drop a few pips for another entry point. Get in while the spring is being loaded, about ready to take off

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Huh? I guess maybe we are seeing things differently. I'm grabbing pips myself. Been in and out once, back in for more. Looks like we are headed back to the top of the range. Once up there, we'll see if it hits a wall or tries to break through... Or ...

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Instead of talking, maybe jump in long now with a 7 pip SL??

AUD/USD