These charts were drawn last night so you guys can maybe understand what I'm looking at and soo that Ken A can calm down a bit...

EurAnalysis

Got ong at 55 with sl at 44... on Eur Dollar... Good luck ;-)

EurAnalysis

BTW, 105.80 - 90 woud be my buy area, will watch for confirmation. Still haven't bought. Fibre is still above pivot and H1 is pointing up...

EurAnalysis

Was just saying that I pointed out we would bounce from those points and in EJ we did, Fibre didn't get that far :-D might now though. My H1 trend is still up so will be looking for a place to buy...

EurAnalysis

No how did that happen :-D lol...

EurAnalysis

Look to buy 2920 and 106.32

EurAnalysis

Been short for over a hour and 2815 won't budge!!! With London Close coming, I don't really want to take any risks. 25min, let's see

EurAnalysis

Yeah, might have but am agreeing with you that Aussie will see 300. I have a short on her with TP at 325

EurAnalysis

Sounds almost too good to be true! Hope it works! Im also still on demo, need to double another two accounts before going big ;-) Making 20 - 30% pm at the moment but could all change when I go live :-)

EurAnalysis

Funny you would have your buy on Aussie at 300 as my TP is 325 :-D

EurAnalysis

Whats your drawdown? Those are some crazy returns!!! Are they consistant? I'm short here on Fibre with sl's at 2843. Once this H1 closes, I'll be moving them to 34 and adding to my short ;-) EDIT: TP on Fibre is minimum 2790 and will see what PA ...

EurAnalysis

Interesting! What would your return be on that system? I've heard of swing trading and trying to catch the highs and lows but don't fancy it myself seeing as I prefer to have a set risk (1%) with a set outcome. How did you lose if you ever use a SL? ...

EurAnalysis

How do you quantify Reward if you don't have a preset risk? PA could keep running until we hit 106.50? And then? When do you say enough is enough... It's hard to build a system if you don't use SL's or atleast a mental idea of where you will get out ...

EurAnalysis

I reckon you should have waited for larger retrace... But we could see new highs even though I'm bargaining on 105.50 keeping us down. Let's see

EurAnalysis

That said, we are getting some sellers coming in here on EJ, might get another test up to see who is waiting

EurAnalysis

Great Risk Reward you have going there... I guess Stop Losses don't fit into your plan?

EurAnalysis

To be clear, If you do decide to short, do it with your own analysis as I don't see a short on this beast!!!

EurAnalysis

If you really have to short, look for 105.30 - 105.50 area... Really strong resistance!

EurAnalysis

With you in shorting it from that UTL... Looking for lower low.

Aussie Trading Room and Cartoons Gallery

Been using this channel all week, dunno if anyones brave enough to short this, I sure as hell aint :-D Not yet anywyas... In other news, I see Aussie dropping and am short from top of H1 channel...

EurAnalysis