Yep. I got out on the bounce at the 1.4800 level.

EURUSD

Just moved the stop on my remaining short to the last swing high. This means I've already locked in 39 pips of profit on the short side of this movement.....157 pips profit for the entire movement thus far....

EURUSD

I don't care where it goes...I just trade the price action. I've already taken 132 pips on this movement alone. I took a short at the exhaustion point at the top and locked in 14 pips profit already....and moved the rest of the position to ...

EURUSD

Only if your money management sucks and your losses are larger than your profits - and only if your edge is less than 50%. You also fail to consider the impact of compounding returns. Consistent returns equates consistent compounding. I guarantee ...

EURUSD

Yeah - I entered above 4800, total of 4 positions, 30 pips profit each....so easy decision. Since I trade the lower timeframes, I'd rather pocket my profit and compound my earnings, re-entering when the timeframes exhibit clear momentum....

EURUSD

Too early to call that - the 1M has gone into consolidation. Break above or below will tell the tale...

EURUSD

Just closed out my shorts due to the market hesitation - taking the profits off the table. Will consider re-entering on downtrend resumption.

EURUSD

An hour and fifteen to go....definately not a done deal yet.

EURUSD

Sweet.

EURUSD

Prudent indeed.

EURUSD

Yeah, banked some profit and now waiting for the support at 4780 to break down - all short-term shorts remaining open at BE. Check out the 4H - long in trend with weakness. Pay particular attention to the most recent low...pretty much retraced all ...

EURUSD

More like a beat-down! LOL Also, now they've got all of the short-term suckers on board, long above 4800...you know, the "it broke 4800...that means it has to go to 4850 next..." crowd. And most of them will have their stops around 4790....

EURUSD

Hedging is most definately NOT for noobs....precisely for the reason you state. It can be quite damaging to the psychological characteristics that need to be developed in order to be successful in the long term. It also is, logistically, alot going ...

EURUSD

On the 5M the EURUSD is operating at an extrema which, so happens to sit right on the psychological level of 1.4800. Price has also ducked back into the BB on the 5M (normally, not such an issue - but the extrema changes interpretation). Pattern of ...

EURUSD

Still have lower highs being formed on the 4H....and what is shaping up to be a fresh rejection off of 1.4800.....we'll see....

EURUSD

It would be nice if we get a close below 1.4676 - but I think that potential is quite limited. Would be nice, though....

EURUSD

Don't think you're going to get that today....but keep praying.....

EURUSD

Pips made down...pips made up....what a wonderful Friday! See you all Monday....

EURUSD

I love Fridays soooo much. Sucky day usually for higher timeframes.....great day for the 1M and 5M.....

EURUSD

H&S patterns form as a byproduct of support and resistance. Traded correctly, it is 6, half a dozen, or the other....

EURUSD