If there is one good thing about sideways whipsaw is that you can at least buy and sell the top and bottom edges of the level

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What trend? .... or more accurately, whose trend?

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Possible buy at 1.123 not going to take it, but if I were a gambler....

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This is just pure accumulation. No idea where we are going from here. No trade. Not biting on the volitility

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I'd say around 1260-1270.... but after that all bets are off as to what happens next. Not trading this today. The market cycle has ended so anything is possible. NFP should be interesting, but I don't trade that either. The slippage and high spreads ...

EURUSD

This is one level crucial to swing traders, and one of the times when I stay out of the market until the situation clears up. Any break of 1.1250 should result in a pull back. The question is, how far? and will price get stuck above 1.12?

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It’s really what happens to the level up here that will determine future moves. I had expected a deeper bear trap under 1.12 .... staying out for now

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Nice idea but I don’t think the downside is totally done with everyone quite yet. Good price action for bears above 1.1250 could be a slam dunk... but I think that may come around NFP to get that sort of movement. We will see.

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An eventual attack on 1.1250 you think? price action looks a bit like that at the moment, although a drop is on the cards eventually

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So far we are looking good for a drop from here. just got to wait for the moving averages to cross upwards as people trade those sorts of systems

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I knew there’d be a pullback on this pair at this level. At this point I’ll be leaving this pair alone until I see more sell side price action at key price points. Expecting rotation back up for now. Can’t and won’t try to short massive pin bars.

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All indicators suck. All you need are the candles themselves, and some horizontal lines. Perhaps some vertical ones too. The trick is knowing where to place them. Moving averages are also useful as a visual aid. They lag if you use them as lagging ...

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Reversal possibility was looking good there for a minute until it wasn’t. Counter trend trading is risky

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Going long here for a snatch at 1.222

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Agreed. Called it ages ago. mind the reversal at that level.

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I can only predict, any trader can reasonably predict, as far as the most recent market cycle and not beyond. Having said that this pair is coming close to a touchdown below 1.12 for today at least a pullback to 1.122 is possible. Depends if it ...

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Nah my first one was taken out. My second one is making up for that. I am still having a positive day.

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Well done to everyone who shorted this before it gapped down. Due to the risky entry, I didn't trade much in the way of size.

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Taking out people who moved their stops down from 1246. Hard to take shorts off huge pin bars. Too much risk when considering stop placement, and usually poor entries result

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I don’t know about that. Definitely looking at a move back up a bit before an inevitable drop. counter-trend trades usually show up at opposite ends of the week. I'm wondering if the current abuse of Friday's high is as high they will want to go ...

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