Goes up 1/2 the distance to the Top. Nice one Gator - I like posts that make you think!

EURUSD

I see that channel top also - that's the only reason I can see that today might just end up being a sideways kind of day.

EURUSD

ty Mack @Johnnypants - perhaps you can post a chart with your opposing view? It might shed some light on what your seeing that suggests this is a better time to short than go long.

EURUSD

Who said anything about a bottom? EUR going back to parity - that much is a given. The only thing is - nothing moves in a straight line, and one needs to keep an eye on all the TF's to understand why and when retracements will happen.

EURUSD

Another chart — Here's my take on where this is going.

EURUSD

Fair enough...here's a chart for those that haven't been paying attention to the larger TF

EURUSD

Wait until the UoM report.....EUR about to fly 100 pips

EURUSD

Your view is wrong, IMO.

EURUSD

Wouldn't surprise me one bit if I closed out at 1.2255 - the one thing I have been refusing to do lately is let a trade carry while I am sleeping. Now I just have to hope I can stay awake long enough for the London Open

EURUSD

test — Just went long - TP 1.2377 This is a long shot...but it feels like a retracement is in the works.

EURUSD

Heh....how about making underwear that looks like currency? I'm sure I'd look great wearing a 500 million Euro brief

EURUSD

Close - don't see much more downside today

EURUSD

LMAO!!! That was one funny movie

EURUSD

They won't have anything surprising to say. Should be business as usual - resumption of trend to continue at 14:15 ET

EURUSD

FTI - your right - I never should have said anything

Technical Analysis Fallacy

Eblip — I only recently started trading with the 3 bar method. I would recommend you don't go down this road.

Technical Analysis Fallacy

You are correct, but your not getting what I was asking Eblip's response was that there were a couple opportunities, but he chose to not complete the rescue, but rather to attempt to transition to an attack.

Technical Analysis Fallacy

Not at all....in fact, your doing what most people do.

Technical Analysis Fallacy

Ok...just curious. I am finding myself comparing current bar vs last 3 bars for all my trades.

Technical Analysis Fallacy

This might sound like a strange question - when you look at a chart...how many bars are you looking at to determine when you are placing your trade? I should clarify - here is a sample of what I am talking about for you - is this enough information ...

Technical Analysis Fallacy