To me, EU seems to be stuck in a range (since around this time yesterday) Price has theatened to do the big drop but each time seems to stall. What are those big boys playing at? I guess time will tell.....

Thanks for your response Basber. You say you're still in the trade. Just curious. Did you go short around the same time or following the recent leg down?) Mitch

I got in the same but bailed once it was clear that it was not going to continue south. I realise yesterday (as per Basber's posts) the waves were not formed to warrant a SonicR short, however, on this occassion, I thought the set up was valid. Can ...

Hi Dan. Interesting....I have a couple of questions/observations if I may: 1. This was a CT trade. Do you look for any other confluence eg divergence, to help in your decision? My experience indicate pins are notoriously unreliable on CT trades. 2. ...

Hi Dan. I took the same short for the same reason. Exited @ 1.47 (+50pips) when PA indicated failed support. Turned out to be correct decision as price went north not long after. I'm finding this VSA stuff kinda fun. cheers Mitch

You.ve certainly caught my interest...I too would love to explore this further. Are you serious about the skype thing?? rehards Mitch

Man that's hilarious !! And here I'm thinkin all this time what a well rounded/balanced person you must be. Must be all that cold whether you poms have to endure !! Keep up the good work mate !!! cheers from Down under

Hi Dan. Just a couple of points of clarification. In terms of identifying key horizontal S&R levels, apart from daily TL, do you still use/consider things like 50% retrace levels? If so, I take it you are only concerned with daily swings or would ...

Hi Dan. Makes perfect sense. As always, thanks for sharing. Look forward to reading your summary/charts. Cheers Mitch

Hi Dan. A few posts back you mentioned that you were thinking of trading daily charts only (in pref to 4H). Can you elaborate/expand on your thoughts here? Thanks Mitch

Hi Bez Re Eur/Aud, I agree 1.5 is a "point of interest" (as Dan would say) due to confluence of factors (50% fib, round number and internal trendline). I do agree with KR that PA could "pull" above this initially if TL acts as a draw...just depends ...

How's it goin? — Hi Razor. Hadn't heard from you for a while. Just wondering if you were still running your journal?? cheers Mitch

Hi PippyD Try this. Copy and save to metratrader4/experts/indicators. Hope this helps. cheers Mitch

Hi Dan. Are you still in the GU short from 1.58? AU in an interesting posi hovering around the 90 mark. If it breaks up, then a fair amount of blue sky ahead. If it retraces first, I am eyeing a couple of points of interest, one around the 89.50 ...

Hi guys. Wow what a night (or day for you nth hemisphere bretheren)Thought I would provide my update (plus a chart of another trade I am in). EURUSD short from 1.3800 currently up +250 (Stop +100) USDCHF long from 1.650 currently +150 (stop +100) ...

Here are a couple of charts of my current EU and U/C trades. So far so good.... Cheers Mitch

Well done mate. The Europeans did you a favour overnight with the +ve reports regarding Greece's debt woes (appears a plan is being put in place by Germany to ensure Greece and others eg Portugal and Spain dont default). This ofcourse was favourable ...

I also think EU has more to go. Point of interest is around the 1.3850 mark. If it got there and PA confirms bearish move, closest round no (1.38) becomes sell opportunity. Who knows???Time (and market) will tell !! cheers M

Yes, I agree the TL touch (around 87.80) and round number (88) just above would be prime points of interest (to see how price reacts) if the 50% fib and prev resis don't hold. Thanks for your input. cheers M

Anyone watching Ozzie? — PA appears to be at confluence of factors making this a point of interest? (50% fib (4H), round number and prev SR level). Be watching how PA reacts at this point re poss sell. Any thoughts?[ cheers Mitch ...