There it is. Euro$ found resistance under the yellow trend line. That could be it, or it could ride up the bottom of that trend line before falling off. But I see it falling to 1.5000 soon. As long as it stays under the yellow trend line that is. ...

On the news thing... I been trading 4 years, and I place most of my trades just before news. And I have professional day trader friends that make a living for there companies scalping the market. Each person will find there nitch (if they find one ...

Here is my chart continued. This is going to establish some kind of pattern, but its incomplete and will be determined if euro reaches new higher highs, or falls short and turns in the yellow reversal zone I have there. Euro likes to make a 76.4 ...

Here's chart... image

I don't think housing starts will show improvement yet, and neither does the market as its rising on anticipation. Technically euro$ needs another rally up to test the bottom of the up trend line.

I didn't think this thread was gonna take off. Seems odd the dollar recovering some across the board, but oil just keeps climbing. The media has placed a target gas price at 4$ and thats where there going to trade it too. Speculation is driving the ...

What happens with oil price effects all currency trading. Especially the $ pairs. If you have oil opinions post in here. But as long as oil is climbing the $ will not recover. Do you see the relevance now?

Housing will not recover while gas is so high because people won't buy houses in fear of not being able to afford it later when gas is 5 bucks a gallon! For the first time I am of the opinion USA is spiraling downward, and no bottom in site.

Oil Discussion — This is getting out of hand. This thing just won't stop climbing. Hitting $117 and staying above 116.50. I am looking at $3.50 and above for gas prices in the south east, and more in other places. Some one needs to do ...

I posted to go long before any one else. But who cares. Retail sales comming out this morning. It will show improvement over the last. I don't see 1.6000 today.

Only time s/l ever gets hit is if I am away, or asleep. If I see something fishy in price action I bail out(cut losses) and either reverse order, or stay out.

Humph. I closed that out. loss of 20. What ever its doing, it seems to want to go lower. The bottom trend lines blown out too so who knows now.

As close to 1.59 as possible

I never use tp's because I want the big moves. You never know when it will be a 500 pip week long move.

trailing s/l hits or where ever I feel is good.

Chart image

Have to go long on a gap like that — Well.... A gap like that has to be traded. And if it bombs, o'well. Because when have you seen a gap like that not get filled? Long 1.5705 and 50 pip s/l trailing 55 pips. More conservative s/l would be ...

All I can do is go by what you said. Your pointing out everything you should have said. Because all you said was "Yea, trade the break out" There are a lot of noobs on here that will take your advise word for word. And start entering blind on a ...

You fail to explain why you consider one break but not the other. Hence verifying exactly what I said. Thanks. Personal discretion based on fundies, or some other reason. I make 90% of my money taking position just before news. Thats when the real ...

I told every one here that move was going to happen and suggested entry long befor it even broke. Edit: that might not be the one I was thinking. But this time I havn't said a word, and this break out crapped out. You can not trade break outs ...