Nice trade! — Looks like your TP 200SMA was hit at 1.9698. Nice pips! That purple trendline just above the 200 seems to be like a brick wall!

Hello vette1974, If you really do have a 74 vette, I envy you. And, if it's a stingray I even envy more! Just curious where your entry and stop were placed? I mean I know where you got stopped out, but was it because your entry was to early at the ...

Good one! — Looks like it worked out well for you! Your target should be hit, depending on your spread. On my platform 3 pip spread, went down to 1.9655. Nice trade! Will be interesting to see if it finds support on the 8EMA, my chart showing ...

No short yet. — Hello Hookem28, I would not go short yet. My anticipation is a slightly long bias. There are 2 small supporting candles low 1.9665. Also, that top trend line has been hit 6 times, therefore it may be weakening. Dollar sentiment ...

TC — TC signal at 8:00 GMT

Stop at BE — Edit 1: Move stop to BE: 1.5939 This is single lot trade, so unable to take half profit at (+20/+30) Edit 2: Stop hit at 1.5939

EURUSD trade — EURUSD LONG 1.5939 STOP 1.5909 (-30) LIMIT 1.6000 (+61) Long EURUSD based on 1 hour early entry open 8:00 GMT. Morning star formed on the 1 hour at the 7:00 GMT candle. Morning star on the 4 hour as well (and bounce off 8EMA). 4 ...

Hello Unlv_tj, I use it in the same way as Palmer. I have it set to 1. Basically to measure the candle length, without pulling out the pencil and paper! This is the 1 hour chart you see here the long candle, I marked the candle in question. It shows ...

EURUSD triple top — Hey Mike, The daily chart is showing another triple top resistance. Interesting, last time it found resistance at 1.49. It broke out 1000 pips and now resistance is at 1.59. The 1.64 level looks like a possible target if it ...

EURUSD — Hello bshadroo, I'm suspecting we may get a wide sideways range for a while as indicated by the 89 going flat. Similar to the sideways trend in January/February before the 89 sloped up and broke out to the upside. Whether it breaks up ...

Spinning tops — Good example of spinning top at resistance and support. Explanation courtesy of stockcharts.com Candlesticks with a long upper shadow, long lower shadow and small real body are called spinning tops. One long shadow represents a ...

Trend lines/Channels — Hello Boris777, When market is trending between boundaries, the terms HH,HL,LH,LL are used to identify the bottom and top of the channel. Support and resistance areas. In reference to the current 1 hour GBPUSD chart, ...

That is exactly correct! — Yes Rahim, That is exactly what would happen. Even if your stop was at 2.0154, you would lose an additional 8 pips and be taken out at 2.0162. I have had this situation happen with a gap news event. If it opened at ...

Hi merrittb, Yes it sure did give me that "ah ha" moment! Good observation. When I saw your post it explained why I was having some difficulty in these areas. There is approx. 500 pip channel currently on the chart, therefore lots of trading ...

Ha ha! — Hey Palmer, My favorite too, next to Jack Daniels! Happy pippin'

GBPUSD — Hello bshadroo, Good observation. I don't normally trade this pair, but I've been watching that 200SMA on the daily for a while. And there has been talk about it previously on the thread. It's been supporting there for the last year ...

Yep! The 8 EMA is supporting — Hi Palmer, Gotta agree with you on the 8EMA. It's been riding it for a while now. I took this RT on the 1 hour gravestone. Divergence between the 2 doji's, and a failure to break above 1.4425 on those previous 3 ...

Funny! — That's funny Ira! And, I have no water for a whole day! не шучу! RT on E/U this morning on the 4:00 candle GMT+1

Very nice trade! — Hi Ira, That was a nice setup! Glad to see you made some nice pips this morning, and off to a good start of the week. I don't think you were too early at all. Actually, I think you utilized the early entry criteria very ...

Thanks....misunderstood..... — Thanks Alexfot, I deleted that post.....