EURUSD is in no hurry. As long as it is trending downwards, a better trade would be to short AUDUSD at this level, given aussie session is opening soon. I am short @8910.

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I know, that's why I trade technicals but knowing the fundamentals help you get the bigger picture.

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I was never much of a fundamental guy. So any help much appreciated.

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nahh..that would make it too deterministic imo. Looks like she decided to turn already, with liquidity drying up. Needs new money to keep her happy

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What do you think about the drying up of easy dollars? Everything else being equal just that announcement should have had a larger impact. Or do you think we will only see the impact a little higher up and then onwards a longterm wedge/triangle will ...

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Looks like it is waiting for the 4H to be overbought to initiate a pullback on 15M to 1.3776-1.38 territory. Nice entry point, imo.

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I think the sentiment has to turn BUY BUY BUY before this baby will do a reverse cowgirl on me. Looks past 1.4 for sure. Oh what a tease!

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I have a very thick skin so you have to make those barbs nastier . Rest assured your thoughts are appreciated very much and I really don't see any point in fighting anonymously on a message board. At the end of the day let's hope we all make some ...

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I guess you start using words like 'usually' when you have been trading long enough. Its also perfectly ok if you don't like my narrative style. In more technical terms, today's move blew a lot of short orders along the way and reduce the supply. ...

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I am personally long/medium term bearish and currently taking any longer term trade only in that direction. So I like what you say. But todays price action is reminiscent of a knife cutting through butter. This type of move is usually followed ...

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Looks like a confirmed uptrend in the near term. Such spikes are usually followed by a slow move in the same direction. Easy to misread this as a daily pin bar. It has to fall but maybe in a month or so. Oh well..

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I usually wait to see rejection in the PA which is usually long wicks touching or crossing the bb. There are a few other candlestick formations that are indicative of a reversal within a range.

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Even if that is true, forex market is by and large much bigger than all other markets, much less exposed to algorithmic trading (although it probably is a matter of time before it becomes such) and therefore easier to trade on technicals. My ...

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Thank you for your opinion. What you are suggesting is big players playing off of technical levels. That is expected (and beneficial for technical traders like us) and hardly the manipulation you see in stock markets. Hardly. Without going into what ...

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Besides, taking out stops or other types of manipulation etc is only possible in very low liquidity in the forex market. It is rampant in the stock market though where you have a fraction of the market size that is easy to manipulate by a ...

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Thanks for our reply. I am tempted to go with what you say. However, I do not expect announcement of end of easing to be such a no show. The flat bottom of the wedge on the weekly charts has been maintained by QE announcements. The downward sloping ...

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Something that is bothering me as well. Looks like there is a break every time I would expect one but there is no follow through. Could be the light volume but it is making me wary to say the least. Something tells me the start of the end of easing ...

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12.07 EST: The show is about to begin. Just 5 more bold steps to the south. Keeping my fingers crossed.

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Sorry, ma bad! green pips to you as well.

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May be possible when liquidity is low. But hardly, in a market with full participation. So yea, I kinda agree given the low liquidity we will have in the coming few sessions.

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