Nice observation Scrat, thanx. t.

If you are sure, stick to your opinion and see how it plays out. rgds. t.

Thx isto for your answer. How do you exit then? you use trailing sl for getting stopped out? Or do you exit when the reverse of trend is visible? rgds t.

Hi isto, thanks for sharing your method. It is quite similar to the way I trade and the way I define a trend. One thing I did not find in that thread: How do you place your SL and how do you define your profit targets, if any? Rgds tiku

Absolutely correct observation. Thanks. I am short since 606, cashed out in between and I think we will see another downmove soon.

Don't be to sure about it. This candle is just tooooo obvious. And 1.070 is there still to take ... I am thrilled to see what is happening. My guess: it will move up a bit and then smash again... Rgds. t.

yup. I am working with emas and have the fibs around a 144 ema channel. That gives me nice profit target. You see how likely it bounces down and up from those steps. rgds. t.

Mergers & Acquisitions: A buy or sell of a company to another or a huge fund.

I completely agree. But better for us.

We will see. I agree, it has a huge potential short, for covering all those longs that have been built up during the last few weeks. rgds t.

See what a incredibly fantastic pin bar has formed up to now in the 1H chart. I think it will fall down again in the second half hour.

I think another nice false break out is preparing. rgds t.

Which direction you are going?

Update today: The downtrend clearly rules again. No further comments needed (see attachment). Nevertheless it went to fast and over night, so I did not get a short entry on this nice move. Maybe on a future retracement. Rgds t.

Could very well be. You never know in advance. I am off anyway. Covered all shorts after a decent profit, because I have learnt bitterly not to stress the daily range. Tomorrow we will see and I will post an update.

Well you never know with the Looney I am managing the trade from what I see. It could move up 60-70 pips from now. The 4H Stoch RSI is in oversold position. If it happens, I dought a further downtrend (that's why I did pose this question at the ...

Not for today, because we are almost up to the daily range. Maybe tomorrow, if you want to hold i for so long. I cover partly at 620 and 600. I am expecting a bounce from threre.

A quick picture to clarifying this ... (see below)

Hey guys, I think the DOWNTREND is BACK. What do you think? Rgds t.

Hey buddy, what are your conclusions drawn of this carefully selected chart analysis ?: