If it makes you feel any better, the little guy contributes quite a bit (in aggregate). That is - if you allow your stops to get run, adding to the momentum against you! LOL

EURUSD

Just a guess, but it looks like it is struggling to complete the H&S pattern on the H4. I'm just not sure it's going to be able to achieve the momentum. Open of the European session should greatly clarify things.....

EURUSD

Agreed. Biggest favor that a rookie can do for themselves is to learn money management and to not overleverage. The second biggest is for them to learn to sit on their hands and wait for the perfect setup with confirmation. Also - don't neglect ...

EURUSD

If you use EAs....better learn how to build your own. And, make sure you test it demo and then live with a micro account for at least a couple of months.

EURUSD

Eyeing the H1 for a short scale in....

EURUSD

Agreed. Never believe anything but your chart - and stay away from news....

EURUSD

Yep - they're interrelated. EURJPY was also affected. But USD is weaker than EUR currently, thus negative impact is greater on USD in the EURUSD pairing.

EURUSD

JPY. Look at USDJPY reaction. Plus.... The EUR/USD managed to hold above yesterday"s 1.4620 low amid talk of an Asian sovereign name buying at the lows. The pairing has bounced back above 1.4650 from a low of 1.4623.

EURUSD

Spike is due to news.

EURUSD

No. Martingale is when you allow the original position to go against you, and add to your position. That is not what X is proposing. Provided that you have consistent performance above 50/50, this is statistically valid - though not for the timid.

EURUSD

The reason that 95% of traders don't make it (and, that percentage is retail by the way) is that fewer than 10% even bother to pick up a book. Less than 5% actually seek any type of reputable, formal education. And, less than 3% spend any time with ...

EURUSD

I'll be shocked if the fat lady sings today, but I think I hear her clearing her throat. Bears are definately gaining momentum.

EURUSD

Yep. Lots of hesitation starting 6 days ago - now we have a really long upward wick yesterday, taking out the previous day's low - and we've taken out that low today. Not good for the bulls.

EURUSD

Just a guess - probably back up to 1.4750, but looks like H&S forming on the 4H.

EURUSD

I think we're about to find that out. Seems to be struggling to break 1.4750 (already one rejection), but trend still up - with second run at 1.4750 underway. If it gets rejected and takes out 1.4692, then I think the probability of your scenario ...

EURUSD

Wait for market open.

EURUSD

AMEN!

EURUSD

Agreed with the downward sentiment - but out of curiosity why the specific date of the 28th?

EURUSD

Yep. Big 'ole bubble. (But, I perfectly happy profiting from said bubble, too...)

EURUSD