I personally dont trade against the main market sentiment (upwards in the case), so if that triangle breaks to the downside I won't be looking to trade EURUSD.

Each triangle must be consider within its respective appropriate time frame. That means that, in my humble opinion of course, we should not draw massive triangles in the 4H chart. If we're to search for longer price pattern, we ought first to zoom ...

Interesting GBPUSD Weekly Former up-channel broken and retested from below (former support turned resistance). Also 1-2-3-4 pattern making lower swing-highs and lower swing-lows. Looks like a bearish outlook on the Weekly chart.

Seems like EURUSD might be gathering some momentum. If it breaks from the current triangular congestion to the upside the bulls will probably have a second go to the 1.5900 historical high.

I personally don't trade through August, Christmas or any public holiday date.

Yeah, so did Egyptians, Greeks, Romans, Macedonians, Mongols, Arabs, Spanish, Napoleonians and English thought once upon a time... So do Americans think nowadays and so will Chinese think in the future, and whoever comes after them. They say humans ...

I trade any time frame that's showing a healthy trend from the Weekly to the 30M.

NZDUSD Daily chart.

You reckon EURUSD looks good for a short? Really? hmmm...

I would agree that you problem seem to relate to discipline and not respecting your own trade plan. That might be the main area you might want to focus your attention onto.

I'd like to see a healthy pullback to cheaper levels (1.4950) before joining the longs. I wouldn't like to hop in at the top of the breakout thrust.

All we need now is a pullback to 1.4950

Could be, but why searching for shorts when it's going up?

Hehe this is a new concept for me: experience as per thickness LOL, I like it. I'm not sure whether it's better to be "thick or thin" though PS: they are regular MT4 charts.

I have one of those ultra-light devices. I tried to use it for trading (checking charts and looking for setups while on the move) and I just found it non-feasible. For trading you need peace and a confortable work space, not a 5-inch screen on the ...

Dont predict. Simply react quickly.

Rule of the thumb about trendlines: the more obvious and more touches the trendline has, the stronger the market reaction will be upon the breakout. Basically everyone has the same trendline drawn on their charts and they all react on cascade upon ...

Professional traders working for investment firms A) do not know where price is going, B) they do have losing trades like everyone else and C) many use the same stuff most retail traders use (MAs, S/R, trendlines, etc) I talk first hand experience.

For me, it's gotta be horizontal levels of support/resistance.