Ah...you're looking higher timeframe. Personally I wouldn't sit through that amount of drawdown for 25 pips...but that's me. Best of luck!

EURUSD

In a downtrend on the 5M?

EURUSD

Simple solution to this problem is bollinger bands. You could code a minimum required distance (for targeting trends, a maximum for targeting ranging PA) between the upper and lower bands for a trade to be considered. To determine the distance, I ...

indicator for trending and ranging

I wouldn't sweat it - it completely depends on how you trade. Chop is sometimes more profitable....10 pips here, 10 pips there, all adding up. In such a market, your most powerful tools will be simple trendlines, money management, and simply not ...

EURUSD

Just took the rest due to the hesitation. Will re-enter if we break below recent low. Edit: And got back in right after this post! Just closed all...I'm done for the evening.....night all!

EURUSD

Yeah, I stay away from small gaps...

EURUSD

Certainly looking more probable. Though the gap faded a little, it was not entirely filled....and that was a big gap.

EURUSD

Personally, I would take the BE. You'd likely get a better price on the next upward move. But....that's me...trade your chart..... You should know what you're going to do BEFORE you open a trade: at what point do you close the trade (stoploss), when ...

EURUSD

I took half off the table on the PA hesitation. Stop now at BE+....I'm expecting this to pullback to the 4980 area, due to the steep angle of the downward PA......we're likely going to get a second attempt at a lower low from there. I'll pull the ...

EURUSD

Look out below! Nice short scalp.

EURUSD

At this point, every move up for the EU is a pump and dump. Best to still take advantage, though.....while you're waiting for Mr. Reality to thwack the market outside the head with a 2x4.

EURUSD

LOL! I love a good pump and dump.

EURUSD

Bucket shops lack the financial clout for such a tactic. Look to the Goldman's of the world....they've got the juice.

EURUSD

The PA is reminding me of those LifeAlert commercials... — "Help, I'm EURUSD - I've fallen and I can't get up!"

EURUSD

Could be. But that's a beautiful ledge formation on the 1H at the bottom of the downtrend. With MACD (1H) starting to gravitate to the short side, I'm watching to see if the ledge does, in fact break.

EURUSD

I was hoping we would get something decisive today (at least on the 4H tf), but looks like we'll start out the week pacing. Bleck.

EURUSD

Pretty anemic thus far. Looks like Ms. Market may be busting out the flashlight to check out the basement....just to see how far down the stairs go. With so many weekly and daily bull trendlines popped, if we close in a bear configuration ...

EURUSD

Yeah, I really hate those guys. Instead of a move taking a few minutes, they prolong the inevitable and make it drag out...

EURUSD

Looks like you might get your trapdoor.....

EURUSD

If we bust and hold below the 4700 level, I'd be hesitant to call a double bottom....such a move breaks yet another major trendline on the daily, which will bring a test of the low 4600s into sight...

EURUSD