Generally rule of thumb is the longer the market paces and the tighter the range, the more explosive the breakout. Add to that the thin volume due to December, and it's the Wild West.....

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Great minds think alike! It will be interesting to see how this plays out. Even if we get the upward scenario, I will be watching the PA closely as it will quite likely be a Bull Trap, imho. In the meantime....I'll be scalping this ...

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Targets move with PA..... Downward...1st 1.4635, 2nd 1.4584, 3rd 1.4510, 4th 1.4459, 5th 1.4295 ("Safe" initiation at 1.4615, currently) Upward...1st 1.4724, 2nd 1.4773, 3rd 1.4857, 4th 1.4983, 5th 1.5166 ("Safe" initiation at 1.4735, currently) ...

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I'm licking my chops... — ...waiting to see if this trendline breaks....should be a sweet ride if it does!

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A few charts... — Given the steep angle of the recent downward move, I wouldn't be a bit surprised to see it significantly retrace. I haven't seen the EMAs roll over on the 4H like this since April.

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DUDE! Are you going to bogart that thing? Puff, Puff, Pass! Skyzer's $h*t is smooth smoking...nice break from reality. Trading without a stoploss is lunacy (at the very least a mental one). And, hedging is the domain of only the most proficient - ...

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If you honestly believe that we could see 2010 (full year) with zero increase from the FED....I want some of whatever you are smoking - it's obviously some really great stuff! Eventually, the FED's hand will be forced and they will have no choice ...

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You can lead a horse to water.....

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I'm anticipating a pullback due to the steep angle of the price action. I've locked in some profit and moved my stop to BE+ for my short above 1.5000. I'll look to add to the position upon pullback formation and downtrend resumption.

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Talk about textbook! Anyone that saw the beautiful ledge on the 4H could see this drop coming a mile away, especially since it also broke a significant longer-term trendline on the 4H. Good pips to all!

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On longer timeframes, sure. On the 5M...not so much. Trading for me is a curvefitting exercise, given the fact that I'm partial to the smaller timeframes: he who fits his trades the closest to the actual price action makes the most pips. My shorter ...

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I'm still short from 5080. I've taken a partial profit and am watching the PA, stop at BE+. The short PA is starting to look tired, but I definately don't have a signal to go long yet.

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I think you just touched on the key issues....overleveraging, poor money managment, not scaling in (going "all in" at initial entry), and failing to take partial profits and move stops to BE+. It wasn't until I was taught these principles that I ...

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From a pure PA perspective, the 1H says "anyone looking to short is late to the party....I'm due for some retracement," and the 4H says...you're late to the party, but there might be some to the downside...but...you want to enter right after a ...

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There's your break Gator....you're likely clear to around 1.5063...we'll see.

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Price action around 5049 should tell the tale.....

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I am by no means being critical of your strategy when I ask the following...more wondering your logic as to why you would not employ the following strategy: take 1/4 short on break of minor support, and with each successive break of minor support, ...

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Agreed. The tab will have to be paid...they're just delaying the inevitable. Might be a good time to create a manufacturing startup in the US in the coming years, though. I'm thinking ammo....

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Ain't that some $h1t....of course, it's not that they knew that surprises me....it's the arrogance that it wouldn't come to light.... Edited to add...and they're doing it again, regarding the "recovery", future prospects, and employment....

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I'm expecting either a bounce in this area or the trap door to open below 5071, down to 5000s level....personally I'm hoping for the trap door, otherwise we will likely be pinging around until London.

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