The way I did it is -> since H1 uptrend was broken i waited for the trendline retest from the bottom side. It was today and it overlapped with resistances (SR levels, pivot). So i switched to lower timeframes (m15 & m5) to look for a change of ...

EURUSD

+1 @Nighttrader ema20 is a pretty poor way of defining a trend. not that it can't help, but relying strictly on it will put you in a position like today - you're just gonna miss things.

EURUSD

Correct. And that's something that proper money management solves. It's enough to be right 6-7 out of 10 times (and charts are) to be pretty profitable.

EURUSD

take a look at gbpchf

EURUSD

It's the moment of truth now (gator was telling about it..)

EURUSD

I never said a word about listening to anyone. I don't listen anybody what to do with my money. The point was I was telling cloggie to be thankful that there are people that are wrong (e.g. because they don't know what they're doing) since the must ...

EURUSD

I think you've missed the point of my post

EURUSD

Say thanks to guys like him...he's the one you're making profit of

EURUSD

I took a short @1.4420 and look to D1&H4 charts make me want to keep it for a few days... Looking to 1.4230...if London closes below that today i'll keep it...

EURUSD

+1

EURUSD

Could you please explain? I mean, how can you be sure? Japanese fin min announced they will do it, JPY got back to quake levels where they already did it...isn't it a reasonable assumption?

EURUSD

80pip pike on USDJPY - BOJ intervention starting? One more thing to have on mind...

EURUSD

Real crush, if we'll experience one, might start later today if the Congress accepts the debt ceiling raise. We're in the risk-off mode but that's not enough to say these days. Usually, that would mean stronger dollar but since CHF acts like safe ...

EURUSD

Interesting...thanks for the info. I'm in Europe and have no idea about it except for forexfactory note saying most of the banks in AUD won't work today thus lower volatility can be expected.

EURUSD

It's a bank holiday in AUD

EURUSD

Btw. tonight (CET) we'll have a China PMI release. It's in about 3 hours from now. Forecast is lower than the last one meaning China is slowing down. That means less commodities orders from (mainly) Australia which might bring AUD/USD pair lower. ...

AUD/USD

A short question for all... How do you people see a Senat debt ceiling vote in terms of an effect it will/might have on dollar strength? If Senat approves raise of the debt, would it launch dollar index higher (JPY&CHR relief) or would it mean risk ...

EURUSD

I pretty much agree with this. I did about 60pip short on Friday before US GDP data and looking for shorting it again. The only question is, could you be a bit more detailed - what do you consider as long/short term?

AUD/USD

Empty (whatever background color is) is bullish. Colored is bearish. With that being said -> white can be bullish only on the chart with white background

AUD/USD

UPTrend is a series od HLs and HHs. Once you don't have them, you have to think about reversal. Especially if it starts making lower ones (and vice versa for down trend). Trend lines might be of help here but still you need to watch highs and lows. ...

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