Well 361 was reached. Lets see how price reacts here. Have faith in the levels!

Ramblings of a Forex Junkie

Think you're right. We would've expected 361 or thereabouts to have been reached as a pullback this afternoon. It hasn't happened. Looks like price is waiting for the averages to catch up before pushing further south (I like to have 4 and 8 hour on ...

Ramblings of a Forex Junkie

Yep I'm watching 360 for the retest. I made a mistake and played a long at 330 expecting a pullback to 360 but got stopped out with my tight SL. Now making a list of lessons learned from my failed trades - this one says just trade the levels, not ...

Ramblings of a Forex Junkie

Hi SP just wanted to say what an amazing thread and thankyou so much for starting it. Your method is similar to something I am trying to get to work Regarding todays E/U, the weekly close has now broken so waiting patiently for a ...

Ramblings of a Forex Junkie

Hey GE what's happened to your journal - are you still trading?

(binned per thread starter’s request) GEfx Trading Journal

I guess IF the bears wake up, they will do it once the US equity market opens in 40 mins I will be watching closely then.

EurAnalysis

From looking purely at the chart and PA can you determine whether a short covering is in progress or a 'real' rally caused by buying or is it more reading between the lines as to the feeling and emotions of the market participants?

EurAnalysis

I use Actionforex for my pivot levels. However they seem to differ to a lot of the figures that get quotes here. Just wondering who's wrong and who's right?

EurAnalysis

Thankyou

EurAnalysis

Out of interest how many pips equates to 0.4% for your trade sizing? Trying to gauge the SL sizes in use around here.

EurAnalysis

The range so far today is larger than average, does that therefore mean that we may well have reached the highs of today. Even if after US equities open it rises, surely it can't go up too far?

EurAnalysis

Right, weekend gap now filled. Back to reality...

EurAnalysis

lol keeping boredom at bay I see

EurAnalysis

It seems that patience is the devil and its the number one thing to master if one is to become successful. My question to you is what do you do to avoid boredom and to stay focused whilst waiting (or waiting for the perfect trade setup). I still ...

EurAnalysis

Yesterdays low at 068 still holding

EurAnalysis

15min higher low. Its really trying its hardest to stay up (for now anyway)

EurAnalysis

Nothing is ever certain, but the thoughts are that if levels break, then the target is the next level. But it doesn't always happen. Nothing in trading is a certainty. Use it perhaps to give weight to other situations you may see.

EurAnalysis

So yesterdays low has held so far. Perhaps the US session will push price up again today to allow the boys to fill their ever increasing short positions.

EurAnalysis

Oh I agree entirely that the Euro is screwed. I myself am only trading short for the foreseeable. I was more questioning why the line in the sand of 2090 had been drawn.

EurAnalysis

Firstly please excuse my ignorance I am trying to learn So money has moved out of US stocks, and into the Yen and Kiwi as they are seen as safer bets at present?

EurAnalysis