Here is a closer look - whenever price travels some distance to a lower channel price point (as this did) - it whips for a while seeking direction (liquidity)...shorting from above allows us us to take profit into this area and step aside for a ...

EURUSD only

So, Easter holiday over and back to the coal face. Lets pause and see where we are..above is a post I made on March 28th after covering / taking some profits from one of the short entries I have stacked above...Chart 2 shows how things looked at ...

EURUSD only

Off topic but possibly the biggest news of the day.. For those of you interested the TV series 'Billions' is back on TV this evening - Sky Atlantic at 9:00pm (UK). Personally winding down into long Easter weekend now..along with EU I'm slamming a ...

EURUSD only

Oh hell yes - As you know I'm short from much higher and this pair has got at least 300 pips of downside in it yet - I'd be mad to close out shorts here. If I close out shorts I have to get into the sheep pen and worry about where to get back in ...

EURUSD only

Why am I expecting chop? Image below - we are back into demand areas and coiling that trendline that has been so relevant in every bounce this quarter. But let me be clear - this pair is going under 1.20 and I will continue to capitalise on trading ...

EURUSD only

I'd expect a bit of a bounce here..lots of reasons buyers will be getting involved again at this level but I'll sit in my shorts and look to reload if it reaches an area where I'm prepared to do business

EURUSD only

Oh don't worry - I'm a v-e-r-y patient man and will add and scale away merrily compounding profits en route...as you've come to know

EURUSD only

Yeah an obvious take profit zone mate...I'd expect some chop around here but I'd be flabbergasted if it shot up to new highs..its clipped this line a lot of times now and demand must be wearing a little thin.

EURUSD only

Cover = take some profit..But don't get out, hell no! Added : Next levels to take profit are those 'pinky' / magenta sort of colour below (for me)

EURUSD only

Why cover here...?

EURUSD only

Update: Closed remaining 50% of entry at 1.2441 at 1.2316 = +125pips Holding: Above 1.25 1.2445

EURUSD only

We aren't talking...We are beating our chests and growling ferociously

EURUSD only

Who knows Neil - from my end at this stage happy to sit on hands in EUR/USD with short entries stacked above..Would review and possibly add if it goes beyond 1.2460 but as I've shorts already in from 1.2445 through to above 1.25 nothing for me to do ...

EURUSD only

Release yourself from the daily grind and trade longer timeframes as an alternative?

EURUSD only

Oh yes, tight stops can be a real bind that get in the way of a good trade sometimes (in my experience at least). But then I should be clear in saying my hard stop relate to a % of account at risk - Its what I am will to risk through a basket of ...

EURUSD only

May well be - truth is; no one knows.. Its nothing more than an educated game of speculation - which is why you see me keep covering trades and taking profits. Added....and calling entries and exits live.

EURUSD only

..A little self indulgent but I'll allow myself this one.. "EU, You were warned"

EURUSD only

When these reversions take hold (and its about time this did) - they can run like the clappers..

EURUSD only

Entry; 1.2392 Closed at breakeven 1.2441 Closed 50% = +46 (+ a couple of weeks swap interest) Holding remainder of stack

EURUSD only

I'm resisting the temptation to cut profits by scaling out short entries here - Holding ALL shorts

EURUSD only