Yes, but if the larger timeframes pay out, and you know which direction they are going how are people losing money on the smaller ones? Unless....

Is forex education misleading or everyone is stupid?

A big clue to what's going on is the oft-acknowledged fact that retail traders ONLY have an edge on high timeframes. The swings are easier to see and you can usually ride the swing out until you're in profit. All you have to do is trade with the ...

Is forex education misleading or everyone is stupid?

I don't think it's a good place to go long given the timing and the amount of time price has spent down here. I'm expecting another drop - but we'll see who is right soon enough.

EURUSD

Some orange news coming up today. I am expecting a to see a bear trap sometime and the low of the week put in.

EURUSD

At bottom edge of the level. That much is confirmed. time to move up.

EURUSD

Basically the market induced selling. When it hit the bottom edge it still didn’t flip the market to sell. So it dropped yet again hit stops of buyers (ouch), and then pulled back up.

EURUSD

You you could have counter trend sold into this move down, but only with tight stops. Higher risk trade. It could have simply shot up here without this pull back down… but we don’t really know what it’s going to do. best wait until it settles from ...

EURUSD

EU trending up again. currently sitting at the top edge with POC around 1327-1338 Looking for long side action only, and also aware of possible returns down to and under 1.13 if the POC doesn’t hold.

EURUSD

If we go to 1433 today we should see some heavy buying under last week’s low. that’s if we go there. I’m not sure if I can determine if they were done down there last week or not. in that case we should see a break upwards. I’m not a conspiracy ...

EURUSD

If my predictions are correct, we should consolidate down here around 1.155 before striking up to 1.1606 above today's high in the coming days. That should then precede a sell off.

EURUSD

They make repeatable patterns, and you can follow them. The patterns are visible by filtering through the noise to demark their consolidation areas, watching how they hit the stops, and then trading along with them.

EURUSD

Price back at POC of this level. Depending on where we consolidate next week we could even bounce off 1.16 again. Price has been making some distinct patterns in the past couple of weeks. Wondering if anyone noticed.... Compare the drop on the 4th ...

EURUSD

Done for the day on this pair. Nice 25 pip move down. Exiting all trades. Am done for the week. Everyone else can roll up and cast your bets on the gamble that is NFP. Bias is to the downside, but as usual you can never rule out some serious stop ...

EURUSD

If it does by chance happen to go anywhere, I’m expecting a jump to and above 1.156 and a stall of price before shorting.

EURUSD

Just as I expected from yesterday. Just didn’t expect to see the liquidity run so late in the day. we should see price continue to drop, and needless to say I have been short for a good number of hours already.

EURUSD

Yesterday had a weak tap at the top edge of this level, but today should retest and confirm it. We are already a good distance from the bottom edge so selling opportunities should be good in this upwards swing

EURUSD

Some orange euro news coming up. would not be surprised with an attack back to 1.16 which should be beaten down hard by sellers for a return to the bottom edge of the level down around 1.153

EURUSD

Sadly not seeing any spike up to short this from today. Will have to have another look tomorrow.

EURUSD

No place to be buying here. You cannot be sure what edge of the level you are dealing from, and given the price action it could well be the top edge. Bias is short.

EURUSD

A lot of ranging trading in the past couple of weeks. When price dropped under 1.16 on the 25th I thought that it was odd, because there was unfinished business with the top side. But it dropped to make people get into shorting the move - when it ...

EURUSD