Another nice setup that went absolutely nowhere. Part of me thinks it's setting up to slice psych support at 1.2230

EURUSD

Another hour before end of session. Therefore giving this another hour before moving stops to BE+1 and walking away.

EURUSD

Anyway, now we are at the bottom edge, so this is a buy area -as proven by yesterday's PA.

EURUSD

The london fix held the high you might have shorted and you would have placed your stop above the market, but once outside the Euro session the fix is off and the stop would have been hit for your retrace trade. ...and the reason it could hit the ...

EURUSD

There was no way anyone should have shorted that. In theory yesterday there was a trade back to 1.223, but by that point price had already established acceptance up higher, meaning that odds-on it could have simply gone higher instead of drop to a ...

EURUSD

Coming in for another shot at the high. I think the buy liquidity is around 1.2203

EURUSD

Yesterday price would have actually gone up... solid buy signal at 1.221 but the market has moved from trending to ranging and hence a retest of 1.2160

EURUSD

In my book this is buy-land. We *will* go up... eventually. Price cut down two liquidity pockets in order to clear them before heading on up today at London open.

EURUSD

I'm looking at the price action and I think a move up is possible. Will look to see what comes out of the London open.

EURUSD

Sitting this one out. Cut high again. Might be a buy in the US session, otherwise I think we may see something of a drop this session.

EURUSD

Keeping an eye on yet another rocket launch upwards here. Have a feeling it's going to end in a bull trap (and possible sell opportunity), but let's see.

EURUSD

Now to see which way the market is going to get cut up.

EURUSD

More highs taken out. No sign of stopping upwards movement so far. Still waiting for a safe dip to jump aboard the ride. Look, I don't care if I miss the ride up. Only interested in safe trades to make money. That's all that matters for me in the ...

EURUSD

I missed today's trading session. Didn't miss much. There was just a flash runaway cut long above yesterday's high with no opportunity to safely enter long on a dip of that run (because there was no dip). A bit like last Friday. Excruciating to see ...

EURUSD

Small bull trap from yesterday. Beware the downside.

EURUSD

Other technicals mean that there should be a move up. Question is, how far will it go? and is it worth trading?

EURUSD

My take on it is that we are between market cycles and will need some more red news to kick another one off so that we may trade again. Nothing until Wednesday for Aussie unemployment figures, so I suspect it's going to be very quiet until later on ...

EURUSD

Played around with EAs, but not a single one of them worked long term. The ones that did work initially were pyramiding and hedging EAs, and with those there's always a risk of ruin. In short they will always explode accounts - one day. That's still ...

What's Your Opinion on EAs and How to Approach Them!

That's a bit crazy to go long here. We don't know how high it's going to go, or if there'll be a pullback in the US session. Pick your battles carefully. Don't throw trades on for the hell of it. Sure it might be demo money, but you'll just train ...

EURUSD

Looks like I might not get a bounce here to go long off. And if I do, it will happen in the US session... which always is tricky to trade on a Friday.

EURUSD