Well said twofeet

IMO, as a swing trader, it is always best to wait for important news. What is said at G7 will likey cause big move. I like to wait and see which direction it goes and then jump in for some nice pips. There is no reason to risk losing pips by being ...

Ooops — I have been a bit busy lately. I entered at 1.584 for the long move up earlier to 1.59 but had my T/P set a smidge too high. I wasn't at the computer when the news came out and subsequent drop hit my S/L. One of those "OH $&%" moments ...

Good analysis FX Genius.

looks like many people are working hard to make and keep pips. I still see price as consolidating between the low on March 24 and the high on March 26. I have been on the sides all week so far waiting for a good setup to make lots of safe pips. I ...

Couldn't agree more David. As usual.

Classic, No problem. FF is a great place to learn and ask questions. We were all new it once.

Okay, getting close to week end so I took profit on the second half of my long position at 1.5736 because that was my 23.6 fib level. Not a bad day. Maybe do some trading on Sunday if anything looks promising. Have a nice weekend everybody. May the ...

Several places to look on the web for news. Bloomberg, FXstreet, DailyFX of the better ones IMO. The FF calendar is good for releases. NFP is Nonfarm Payroll. If you click on the little folder icon on the FF calendar it will give you a little ...

This is my current view. Price on 4hr chart shows uptrend. Price on 5m chart shows that momentum is weakening and price is compressing. Because of 4h chart, you could expect price to break to the upside, but since this is Friday, I doubt you will ...

Took half my profit at 1.4750 because I have a 38.2 fib at 1.5752. moved my s/l to break even. Now I have a free trade to see how far it goes. I don't need to speculate on future direction right now. Just watching the charts to see current trend.

My patience has paid off. I set a buy limit order for 1.5705 last night because I sleep during London session. Got a nice entry and news has had no real effect. When I started this post I was up 30 pips. Now down to 15, but I expect some choppiness. ...

Absolutely. Another reason to go long. Just need a nice break over 5700.

Could be a bull flag forming that would take long move to around 1.5830.

Not sure about a short here either. I have a 23.6 fib at 5661. I would expect a bounce up for a scalp.

That was a nice move. Much bigger than I expected. I did not join as longer time frames are telling me to look for shorts right now. I don't like to go against the current trend, even if I am expecting a nice bounce off a fib. Unless I am feeling ...

Intersting. Add some uptrend lines inthe middle and you would have a nice looking Gann chart.

I see strong resistance around 5700 and support around 5500. I am looking for short entry more than long right now, but possible direction is really unclear right now. Patience is the key here.

I agree with FX Genius. This down move may not hold. Like Jurrasic noted earlier, we may range between the fibs for now.

London session caught my S/L, but 90 pips profit is still not bad for a days work. Back to the waiting game...