It depends on your broker's time zone for daily candles. I can see the double doji too It's going to break very soon, my guess is short. Monthly chart looks like it is heading to 23.6% fibbo at 1.4990. Limit orders set for a break either way.

2002 up trend and fibbo:

Long-term, we're looking at a retracement back to the 23.6% fib line on the monthly charts (1.4990). Follow the current up trend with your fib on the monthly chart (from about Oct 2005), you'll see every single retracement went back to the 23.6 ...

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Gregor knows his stuff: url

LOL cesarnc. You and your pictures I agree we need to push lower to 1.52-1.50 at some stage. Not sure if it will be this run down. One thing is for sure, it's going to break this triangle one way or the other very soon. If this current 4 hour bar ...

It has already broken the bear resistance and is struggling to close below it. The trend line you have drawn should be taken back two previous highs as the high now is not yet established. I think it is the fib line stopping it from going any ...

Well, I'll just have to keep my long from 1.5445 open until then

Excellent thread DownRiver. Some of you may find this useful: Option Volatility and Pricing

Head and shoulders formation is going the other way on the daily It could head your way though forming a double top

Not yet, price is still testing the swing high 1.5489 on the 30 minute chart and has failed three times. This is a good indication that the price may be about to change its up trend. Could also bust through, too early to tell for sure... Looking for ...

The market never closes — The market never closes, it's only brokers/retailers that close. OANDA is one broker that allows trading on weekends. Just have to deal with the 10 pip spread on EUR/USD. Have seen it occasionally move throughout the ...

Looks like it may continue its run south below 1.5250. Resistance is looking pretty hard to break. Volume is still a bit low, will be waiting a bit longer for this one. Could still break up yet...

Great thread james16! Only took me a week or 4 to read it all It has however improved my trading 100 fold. I'm now going through it again for a second time Highly recommended for anyone only reading the end of this thread to go back to the ...

LOL 2 pip spread, 1 pip TP, 1 pip SL. Hits SL every time you hit that button ^^^^^^ Broker's dream trader ^^^^^

Hey Clouds, I agree with you 110% about the market talking or communicating with us at times. Each to their own on what they hear or how they interpret it. It's a bit like language, to some it speaks German, to others it speaks in English, while ...

This site has an explanation for each news release on the calendar. Just click the image or image image under the Detail column.

To master it

Cool, thanks Abouelzelouf. I wasn't aware of that

I don't think you can run it automatically. I may be wrong though. Back testing means that you scroll back through the chart history and look for entry/exit signals. This way it shows you if the entry/exit point was the right one by looking at the ...