Just following trend and keeping it simple goes a long way. No need to think about what the smart money is going to do or not do.

Merry Christmas guys and don't overtrade! Less liquidity means bigger manipulation and/or intervention risk. Take care and many green pips to you all!

Yes, well, big money does what it does and sometimes it looks crazy, other times it does not. I believe that today's price action was not crazy at all. We had a run down to a demand level but there was too much supply for price to move past it ...

FOMC is September 13 (tomorrow), not today.

I guess teaching materials use bar charts so people get used to them. Anyway, I don't really look at distribution/accumulation because I find it just hurts my interpretation of charts. I also am not a Wyckoff guru. I mix a few trading styles into ...

Bars show the same information as candles and it makes no difference which you use.

Instead of H&S, I suggest looking at it this way. Supply and demand or S/R.

EU still playing nice with this channel. There's not really anything else. I'm bearish below 1.407 though because of the supply bar. Above that 1.415 target maybe.

Loads of EUR news tomorrow and Friday, could get ugly. I would like today's EU close today to be lower than 1.414 for more bearishness. So far not too bad a reaction at 1.415 but no lower low or lower close. Need more results from bears to feel ...

Something is a bit off with this move up. I think there's a lot of room to the downside. At least into the area around 1.4 to maybe 1.385 with a shakeout. The initial down move from the top had increased volume compared to an almost identical demand ...

We're closing in on a supply area. The last big monthly down bar top which is around 1.482. That bar took 4 months to retrace so I suspect someone will be watching that level. Not taking a position this close to it.

Shoot me now! Well we had an interesting week! I'm like 90% bullish EU now with 10% of me saying "damn that up move could've been on higher volume." Last time I saw such low volume was at the end of a down move. Next week should be interesting. ...

The PBOC has come out raising its reserve requirement ratio by another 50bps to 20.0%. This is just piling up

Lybia's bombed by Gadaffi already. It has to stop somehow.

Posting a 5 min. chart of EU. So far every stopping attempt failed. Well the last one is holding but doesn't look like much.

Ok there are clear stopping attempts on 5 min. EU but so far they resulted in absolutely nothing. The 60 min. UT was not confirmed and resulted in another rally to 1.41. Overall I'm not sure about this. Wouldn't buy or sell just now, better to wait. ...

I see a big UT on my 60 min EU chart. Could be a beginning of something maybe. Price could be at a top of a channel which I had for a while. It's not a too obvious channel though, so so far I don't read too much into it. Will post a chart later.

So much for my "short eu" plan! But I'm confused. Wasn't intervention supposed to be later today? Or maybe time zones just confuse me Ok, nevermind, figured it out