This is why I love the forex..."higher rates aren't warranted" and nothing but negative data out of Europe this morning...but the EU has gone up! Follow Price Action, Ignore the News.

Congratulations on your 211 posts.

We've had nothing but bad news all week and "hope" of a deal...with that in mind, what has price done? Gone up, not down to 1.28000 or below. That's your clue as to which way to trade! Cheers. p.s. take the rest of the day and weekend off. wait ...

I can see why you would take the short...we did reach ADR and price is a bit overbought. It's not my style to countertrend trade like that, but I do understand some people do.

Great Advice! I'm calling it a day. Price should close between 1.2950-1.3000 today. My best guess is a gap up for Sunday because there's a 90% chance a deal will be made with Cyprus. But my recommendation is not to hold any trades open over the ...

Thanks for the kind words. Haven't seen Jonah in a while...he's a good guy!

I'm already out of my trades...but I'm not going to be surprised to see another rally(maybe up to 1.3050) in the final hour of London session! It may or may not happen...and I wouldn't be buying at the highs of the day right now. But it will be ...

It already broke 1.2996 on my charts...I'm showing 1.3003 as a high.

As correct as you may be and I agree...our personal opinions don't matter to the forex world. Price action is King and that's how we make or lose money. I totally agree that the euro "SHOULD" be lower...but the FACT that it's not...that tells me ...

I think the weekly chart shows a broken downtrend...now price is just correctly lower before the next move higher. Also, if you are looking at long term...look at the month too. Technically we are in an uptrend if you start from 2003. But the past ...

Nice trade, pretty ballsy going against the trend, but that's just my conservative side. Good choice talking the small win and not lookin for something big!

Exactly, I deal will be done...euro will rally. However, as I will always say...Buy the Dips and Sell the Highs. So buying up around these levels is not recommended...at least for me. If you weren't in around 1.2900-30, then you missed the move! ...

You talking about me??? HAHAHAHA price is back up to 1.2980 right? Besides, I was long at 1.2900 and out at 1.2950 and 1.3000! Time to enjoy the weekend with my profits!

Sorry, there won't be much teaching from me. I have tried that before and most people on here, quite frankly, are rude and just want to put you down. Just go back and look at most threads...you'll see more negative comments than good. When people ...

Looks like a pullback for another buying opportunity...1.2950 should be a good area. I would only trade this as a scalp trade for 20-30pips up. Also, I wouldn't hold anything over the weekend.

That's not up to me to decide. All gaps fill. Some fill in one day, some take a week or two. I can't pick which day price will reach this level or that level...but I am good at spotting which direction it will go.

High of 1.3003...only about 50 more from today's high to fill the gap!

How's your hourly MM200 now?

Good post. I hope more think like you! Trade Price Action

LMAO!