There is a valid point with that Mar-Dec '2010 chart... (reminder: market climbed 2000 pips during the following 4 months). It does clearly remind that whatever a trader perceives as bearish or bullish - success is determined by strong preparation ...

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SugarPink - interesting chart of sentiment.. is it from a public source, or.. your propietary? If the graph indicates retail buying - should mean institutions await at higher levels (for wholesale shorts)...

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For Mon-Tue, looking for intraday short setups, once market hits 3020-3030 zone - that's the lowest area of interest. Most preferred scenario for short signals is, if revisits above Friday's high, retracing into the 3055-3070 area - and meets supply ...

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2980 broken -> higher timeframes (up to, but excluding daily, for now) now in downtrend. Today's LOD @ 2947 , give or take a pip?

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Ya, might be. I just have a shorter T/L (blue one), originating from the low of April 24th - it coincides with the aforementioned confluence zone. Not saying it'll stop there - once there, could always go higher, beats me. All I know, from 3020+ ...

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I would concur - 3080-3095 solid target, will grow odds once 3015-3020 clears. Till then, just sideways mesh with bearish pressure. They held 2980 well, no 5min close under it (low 2977), then rejected 3015 at 1st attempt - but hourly pulled a ...

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2c of what I see.. anchor (hourly) is at a key decision point right here - if we go lower any further than 2980 here, expecting a slide... Otherwise, a good intraday reversal / retrace of hourly chart, at least - for that, I need trigger (5min) ...

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Buy signal failed, market now on sell signals - not in a hurry to go anywhere much. Nothing unexpected, considering the calendar. Updated visual of my intraday is attached below. Last defence for the bulls is right here atm, inside 3120-25 zone... ...

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Follow up to the intraday scenario ... Tagged 3141, didn't quite reach that 1st lower zone. Now, I'm looking at a buy signal, inside 3160-65 /w 15+ stop - minimum target ~3200+.

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Market staying inside that 3150-80 area from my hourly chart... but, on intraday, more probable it wants to go test lower levels. Bit too much consolidation here, with a probably unfinished retrace structure. French/Germany bank holiday might keep ...

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Hello, Tom_D - thanks a lot for your perspective. And, glad to hear from another trader having some of the same goals and ideals as myself, very positive. Beerfund - now that's a nice little name for a method I'd suppose it ain't too stupid at ...

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Thanks for the advice, RussJ - and the entire productive feedback. Much appreciated. I'll share my thoughts on some of the topics you proposed. I imagine the extra tight stops would only be useable for pure breakout entries, where you expect ...

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Hello, goods. Thanks a lot for the pointers. I've found that once the trade goes 1:5 R/R in favor, it usually has great odds to work way more in favor. However yes, it might come pretty much all the way back down, eg 50%, even 70-80%, while still ...

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Hi, Boy Wonder. I do agree - there's a lot of noise and empty posts as well (mostly, actually)- but that's no matter where you look, at any public forum / thread. There's also a lot of value to filter out of all that here, I believe. I've read the ...

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Hello, guys. New to the forum here, though not as new to forex (~3 years dedicated FX experience, TF/ES e-minis 3 years prior to that). Hoping to join along for some progressive discussion, regarding EU trading, setups, market outlook and other ...

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