Patience....patience....

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Well, the 5M is clearly in a downtrend, but it's testing the top of the downward channel right now. Personally - I'll be waiting for the support at 1.4875 to clearly break before going short.....we'll see...

EURUSD

Downward momentum will likely accelerate if the 1.4875 region is broken through. Until then, it's anyone's ballgame.

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Current Conversation at Goldman... — So, do we have all of the overleveraged, operating without a stoploss, "now that we are above 1.4900 we're heading straight to 1.5000", long above 1.4900 crowd onboard now? Great! Let's take it down for ...

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Night all!

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Custard? Short-term shorts from 1.4883 now at BE+ stop level. Looking for possible bounce in 1.4870 area...if not, next target 1.4859.

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I believe he was referring to the "easy $" comment.

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Yeah. Need to protect that import market share....

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I just don't understand why people don't just trade the chart in front of them, rather than trying to predict and speculate. But different strokes for different folks....

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Bingo. The reason the idea is absurd is that it would trigger WWIII. Could it happen - sure. Will it happen - no one really wants it to. Right now is the time to rattle sabres...and they will do so with gusto. I think you will find that few wish it ...

EURUSD

I trade pure price action, not patterns....but the "W" has already played out on the 5M. What is now staring at you is an "M" on the 15M. The support of this "M" breaking will likely bring about a healthy downtrend. But this hasn't happened ...

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Thanks - that explains it. Good thing I wasn't greedy....

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Actually, I'm waiting to see what happens next....could be up, could be down. If I get entry for up, that means I will get double pips compared to everyone that held. If it goes down, I get the pips I took on the upside plus the pips ripe for ...

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Man. Somebody just slammed the door HARD on the bulls.

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Because I chase consistent wins...not extraordinary ones. Oh...and look what's happen now, by the way.

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Just closed the 2nd half. Now will wait to see what happens...

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Yeah, I just closed half of my short-term long for a quick 30 pips, and moved the stop to BE+. The price action to the upside is hesitating...constipated. Could be looking at a short setup in the near future...time will tell.

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Yep. Consistency is the key to success. And, Albert Einstein was no dope...I love his quote regarding compounding....

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I'm nowhere near the trader he is. That man could sleepwalk to his computer in the middle of the night, and make more pips than I do when I'm fully concious and trying. He is a cold, calculating, price-action-driven odds machine. Seriously though, ...

EURUSD

HB on the 5M is what caused the bounce. Scalping now on 1M and watching the 5M for short setup....

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