Grass grows faster : / — It's like watching grass grow at the moment

EURUSD

good post. I have the same problem but your post is kind of what I'm starting to do now. It is hard though to do some times because the drawdown can be bad if you have a losing streak. You know if risk and reward ratio is bad then you must have more ...

EURUSD

I took profit of about 40-45pips on the way down. hmmm...there is something about those fibs....I need to figure this out.

EURUSD

goodness me, what a rally up. I wonder what's going on I would have expected it go lower but two things stick in my mind: 1. I didn't expect it to rally to 1.28 last night 2. I did not expect to see such resistance on the way down. 3. I ...

EURUSD

I'm thinking that we'll re-test the 2400 level either today or the start of the asian session. When I look at the daily time frame it still looks very bearish to me. Who am I to catch a falling knife?

EURUSD

Yeah it's best to get out for the day when things aren't going your way. There will always be another day on the markets. Hang in there dude, we all go through days when we lose and days when we win.

EURUSD

Yep I just got stopped out. Nothing that I can do about it. I'll stick to my plan and wait for it to reach the 100 fib on my chart and see if there is a sharp bounce downwards. If so then I'll take a small short position.

EURUSD

Yeah it's an interesting thing to think about. But check this post out that I have quoted below from anotehr person on some other forum: url

EURUSD

Yeah true. I entered the position but I noticed that the most recent upper trend line had been broken so I figured that it was more likely to head down then up. Looks like the trade may have gone against me this time Oh well, that's trading for ...

EURUSD

Short position Entered at = 2426 Take profit = 2376 Stop loss = 2476 Risk to reward ratio = 1:1 That's my trade running at the moment. I could be wrong but I got a signal on my system that I'm testing out so I went with it.

EURUSD

awesome. thanks dude. I don't think I've seen that website before.

EURUSD

This is one of my favourite websites. watch the video. But remember that no one can predict things with 100% accuracy. url

EURUSD

Sorry for the delay in response. The thing that will give me more confidence is the size of the real body of the candles and it being sufficiently lower than the 100 fib level. Got to watch the chart and try to look at how erratic the price action ...

EURUSD

I'm not going long — I'm not going to go long. Instead I will look to go short when the 127 fib line is strongly breached again. OR, if the price decides to go up, then I'll look to go short IF there is a bounce at the 100 fib level, and I'm ...

EURUSD

yep

EURUSD

Waiting Patiently — It is looking like we could see a bit of a break one way or another. I'm waiting for it to break the 100 fib level before I go short and wait long enough so that I'm sure there is less likely to be a bounce back up. OR wait ...

EURUSD

Dow down — I know some of you work with correlations between the Dow and what happens to the EUR/USD. So I thought I"d post a Dow chart from now. I see the Dow possibly going down to 7900 by end of toda or early next week because it strongly ...

EURUSD

very true. I'm going to wait though and just try to learn from this experience. It will be interesting to see how high it goes and if there is a global central bank intervention to prop up the EURO.

EURUSD

Hmm..I'm not sure since I don't follow or know how elliot waves work. But just looking at the chart at a basic level it appears that there will be some pull back and then mostly head lower. Having said that no one can know for sure. Next point is ...

EURUSD

Hello and welcome Lots to read and look at. Enjoy yourself

EURUSD