We have finally made it to the upper 8 month descending channel line on the daily. For me it gets crystal clear from here. If daily price continues closes above the line then we are likely looking at a significant trend reversal. If price gets ...

Hello Andvk74. Do you have a previous post you can point me to where you explained the significance of your EUR/USD and DXY quadrant and the 3-1 setups you look for? I have gleaned some of its significance by studying it each time you post, but I ...

As one who has posted in the past that I am better at entries than exits, I am always interested in learning what others' methods are for deciding when to take profits. What I will share generally, from my own evolving experience, is that I am much ...

Gamble rewarded

Interesting symmetrical "V" we now have on the daily. Six sessions of steady drop (9/20 - 9/27) followed by five sessions (and counting) of nearly steady retracement (9/28 - 10/4). The most recent corollary I found was 1/14 - 2/4, ending a few ...

Short at .995. This pair is substantially overbought now after its 415 pip run up over the past 4 days. Profit target ~ .985 at the rising support trendline from 9/28. Stop loss ~ 1.001. Technical merit for this level not as clear to me but parity ...

I listened to Powell's whole press conference on Wednesday. He said absolutely nothing that, on its face, should have created hope that interest rate policy would be easing in the near term. Kept repeating the phrase, "until the job is done" in ...

As you know from our exchange yesterday, I have planted my flag in camp plunge. But I don't like the 100 pip selloff in the last 24 hours in advance of the announcement either. I would much prefer if we were still barely holding on to .996 and there ...

Depending on your system, the methods that produce profitable trades in trending markets can bring the exact opposite during range bound trading. A few of these in a row after you've hit home runs doing the exact same thing previously is enough to ...

Good on ya for calling CPI. Good on ya for following your system. Good on ya for making a bold call and defending your position. if you're right and there is a major upside breakout I'll be the first to offer congratulations. Maybe if it takes a ...

Thanks for your reply. Anything certainly is possible. The major movement on 9/13 was because CPI blind sighted expectations to the negative. The only comparable catalyst in the next two days would be a Fed rate increase of .25 or maybe .5. Nothing ...

Austyno what are you smoking? You think that there will be a positive catalyst that will move the price upward by 250 pips, blowing through the current five trading day upper bound of .005, blowing through the upper range of a seven month downward ...

9/14 - hi - .0023 low - .9957 9/15 - hi - .0018 low - .9957 9/16 - hi - .0036 low - .9944 (ECB inflation announcement was a nothing burger) 9/19 - hi - .0029 low - .9966 9/20 - hi - .0051 low - .9955 (so far) You can't get more range bound than ...

Just wanted to thank you for posting this volatility projection with chart this morning before rate news. It was very helpful. My ability to anticipate good entry points is decent. My ability to judge good exit points is not as good. I have allowed ...

It looks to me like we could be in an ascending triangle until the Fed interest rate announcement on Wednesday. Upper bound at ~ 0257 and lower rising bound currently at ~ 0183 and rising at ~ 1.3 pips per hour. Not coincidentally this would bring ...

During roughly the same time frame as this news was being reported price action did move upward. Was it because the Euro was expected to strengthen somewhat if grain supplies increased and associated inflation pressures abated? Impossible to ...

Hmmmm. The data that gives the bear trap hypothesis a little more weight for me is that the volume to pip range ratio on today's big drop is noticeably lighter (so far) than the ones from 6/9 - 6/13 and 4/22 - 4/28. A wave 4 retracement is almost ...

This is an interesting piece of advice - and very absolute! 0265 would appear to be an opportune pullback level for a short entry on the H1 with a TP target of 0210. Can you elaborate on your reasoning behind "no selling after Europe closes" and the ...

I am looking at the 1.1905-1.1910 area as the tipping zone between short term bullish reversal and longer term bearish continuation. Yesterday's giant 2 p.m. (EDT) candle opened at 1.1908 and if the market makers are trying to clear out as many long ...

Thank you for the quick caution. I seem not to entirely understand the boundaries on this board. I'm clear that the first thread says "ideas and charts only and solely for the EURUSD currency". It's definitely been helpful to read the variety of ...