I would have to agree with this point.

EURUSD

- — 5min. head and shoulders , target 1.2550, 1.2500

EURUSD

candle — Daily candle pattern confirming a downside move potential to 1.22-20 area.

EURUSD

divergence. — Just heads up on US/CAD pair, seems like its getting ready to fall for a nice retrace. Bearish divergence on 1H and 4H.

Majors & Exotics [EUR / GBP / JPY / CAD / AUD]

Just make sure loosing doens't become a long term habbit. We must break through this cycle!

The Road to Riches: Giving Up

Weekly outlook. — Euro still looking bearish going towards 1.2000, the chart i place here shows minor support. What used to be resistance back in June/Aug. 2006 could now provide some support for the pair. Lets see how this one plays.

Technical probability

-myth,fact? — I belive this to be a very open ended question because as traders we are all different views of the market. What i have noticed over some time now is that lines of least support/resistance tend to work better. But how do I use ...

Do you believe in Support and Resistance?

- — Its all about probability, if one trades does not work you move to the next and so on. The great thing is if you follow strict money management rules you always end up in profit. So its important to go with what your system and rules tell ...

EURUSD

Well the pair has been bullish since last night, apparently people were still shorting it around here...

EURUSD

- — Looks like the start of a new bullish trend. We would then look for long opportunities. Cheers.

EURUSD

- — If the speed keeps up we might see 1.3100 soon. We would see all the stop hit like a chain reaction again, only this time going North.

EURUSD

- — A bullish touch here at last....

EURUSD

- — Looks like its getting ready to drop.

EURUSD

- — Momentum just keeps building, and it looks like it wont stop anytime soon.

EURUSD

- — The markets will def. get more volatile after this move as traders get more confused with current long/short positions.

EURUSD

- — Indeed, i didn't know it was going to take only 2 days to reach 1.2900. Talk about stop hunting.

EURUSD

- — Sometimes the bigdogs call it "the art of stoploss hunting", i don't see any other rational explanation. You got to keep in mind though that the move could have also happened in the opposite direction.

EURUSD

- — Many stops hit at once creating a chain reaction. I think it just opened more bear opportunities.

EURUSD

- — If 1.3250 is broken we could see 1.29 by end of week.

EURUSD

4H — 4H close at these levels indicates a clear break to the top of the triangle.

EURUSD