Might be south time... *maybe* I'm still not taking a position... That should tell you how confident I feel about anything today. edit: although my 8am signal for a long would have been successful... what could have been... no worries.

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Choppy waters.... Glad I stayed out, even if it does eventually break to the upside.

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Everything is saying LONG right now... Yet something in my mind is telling me don't do it. Think I'm gonna sit this one out... Probably will regret it, but thems the breaks I guess.

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Hmmmm... I might have to wait til later to do this for ya. I'm getting behind at my day job staring at this chart trying to find the answer to this problem. Sorry the chart I put up is hard to read... If you don't mind DB, I will repost it later ...

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I've posted a chart below from a couple of days ago. This is NOT a trade I entered, but a setup that looked good to me. As you can see, it would have resulted in a loss from where my stop would have been placed... So, I'm hoping to get some ...

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Noted... That is just me being optimistic I guess... edit: I'm not in a trade yet. Still awaiting my setup to play out. Just pondering possibilities at this point.

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Going south for a bit perhaps? Got some divergence forming after a big move up today... Thoughts?

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Thank you everyone for your replies! I may demo with this idea for awhile and see how my account would handle it compared to just setting 1 position and living with it (what I do presently). Thanks again everyone. I really do appreciate it.

Taking more than one position

So nobody with any thoughts on this? I could use some thoughts or suggestions on this. Possible downsides to this approach???

Taking more than one position

Got a question for any pa guys out there... In the chart below, I have two 3 candle sets circled. What I'm wondering is, first, is this usually a good setup for a long? And second, how often does this kind of setup occur? I've read that it works ...

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Soooooooo... Coming back to eat some crow. My parity prediction isn't looking so good now. On the plus side, I wasn't short... Actually, I've been flat for some time now.

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I'm still thinking parity is the horizon... But then again, I've been wrong so many times I can't even keep count anymore.... Guess we'll see if it breaks below 1.0165ish.

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Competely agree. When I first saw the daily chart today, might first thought was bear flag... Besides, studying the past, when there is a true reversal out of a bear market, there is very rarely any range period. It just shoots up. The lack of this ...

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Gonna take a guess here, and say that we go up to 1.0280ish (23.6 fib) on the retrace... then downhill we go, FAST.

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Fudge! Hope it picks up for ya... Anyways, my analysis for what its worth... Looks like we are entering what was previously a pretty solid demand zone on the daily charts. It'll get interesting here. If the bear continues below 1.0165, parity may be ...

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No doubt! I went from a 50 plus pip winner to exiting luckly in the nick of time with 10 pips. 10's better than nothing, but geez, I left alot on the table last night.

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Great to hear! Keep it up!

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Good morning everyone. Once again, I gotta think DB for saving me from a loss, because I would have been stopped out last night. Interesting how Uncle Ben says he is going to print money until the ink runs out and it drives the price of the dollar ...

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DB, truth time... I don't know what got into me, but after our conversation, I decided to take your advice, and closed out with a few pips. I'm still not sure why... But at this point it looks like a good idea, as it appears the downfall is ...

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