Hy 5ysfx, where do you see the TP on this wave cycle or EU/ USD? I am eyeing 4550 level (psych level), but wondering ifyou have a strong support level below 46 that I missed

Extraordinary trading style by 5ysfx

1 billion mega lots. Seriously though, I have no idea how many stop loss pips yu'd have to put. I think if you follow the golden rule, 1% of your account, you should be able to weather a 4H chart rocky ride.

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1 trillion pips

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Who makes these channels anyway? (please don't say "the big guys" --) specifically, who? This is kinda weird, in a neat, mathematical way, but weird...

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This is the channel I'm seeing

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Does look like it...still watching...

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but then wouldn't it break to the upside with the momentum? Considering we have already bounced off the fib level?

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From a technical point of view, why did it bounce up to 4701? Any reason ? I can't think of one...

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It is bouncing off the support line back up the channel, so it seems

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ok, so it went below the Fib support of 4689, and i cannot see it going past that today....any thoughts

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5ysfx what is the next target? I have 44 on my charts...

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aNd me! What is the next support? There should be a bounce now...

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Next support, 4650?

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We did it! Our TP was reached

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Are you ready?

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sorry, I have a lot on there! The bottom line (no pun intended), it seems to be waffling between 47 and 4750. If it breaks 4750, probabl;y up, but I am bearish

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This seems to be the channel

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Seriously. It's trying my patience~ looks like its going to aim for the top of the triangle...Grrrrrr

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LOL, now we need to see if the channel breaks...

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