EURUSD

Excellent news! I will give EMA a try as well. And thanks for the tip on FXSolutions, I'll definitely check them out. When I started trading FX over a year ago, I was ignorant to the differences in trading companies, so I just picked the first one that Google gave me... lol soooooo stupid. I realize now that trading companies are entirely unique in several aspects. Thanks again, I'll research this company.

What about reasons for USA to have strong dollar?Weak dollar is good for export. But in fact, that dollar is the #1 in central banks currency reserves, so this is a good tool for country, which wants to colonize whole world

Still ranged I guess.

I have a break of top triangle but dropped back in. Bottom trend line keeps giving out but triangle keeps it held in range.
Lots of uncertainty.

At this moment anything can happen and I have no bias

about the triangle... it broke but was not a perfect triangle... I still think in the 38.2 retracement before to go higher... but not trading either... let's see if wee see that recent volatility in this time of the day... where there is less liquidity.

just playing with my new forks

channel in bold yellow.. fork in thin yellow... just to see the difference.

Market is waitng for consumer data.
I think, current prices include bad statistic. Under forecast data will give us a chance too see attemts for newrecord

Inside bar after huge green bar looks like we should attempt for new highs today

Should we ignore the possibility of a double top?

Put orders for buy at 583 till 5895 and sell at 5695 till 5625 with SLs about 25 pips. Going to sleep, let's see what happens

From this point theres no way to tell. It has to break out up top and pull back and find support above the top and then we'll know its continuing up. Daily support.
Same with down. Needs to break out down, and I don't mean 5 min. 1 or 4 hr close and continue. But could always be retrace so caution is needed the first few hundred pips. Weekly close below weekly pivot, and the next week continuing down past the previous weeks low would be a significant reversal sign, and that a top is in place.

But right now if you "have" to trade, you just as good to flip a coin.

Heres my chart.


http://img514.imageshack.us/img514/5...lytrendhy0.gif

David,

Completely agree that we need to wait. However, I expect to see a break down - looks like we have a double top on the daily with the second top being lower.

"Luxury is one of the basic needs"

this is the best signature I've read this week

btw I am short biased too actually went short since 5800(sl at BE), let's see what friday brings

I'm not short or long biased... We are still in a triangle...stretched a bit... ranging... we have a false break to the up side.. and now a false break to the down side... I can feel the tension at the big banks... heh..
if it doesn't explode today... I won't trade until monday... But I did nearly 2% scalping yesterday... But I don't scalp on fridays.

The downwards channel of the past few hours broken, going up to 58 area..

I still don't have a clear road to the upside... but yes.. seems it doesn't want to drop.
Yen is weak today...
UJ and EJ raising... EU ranging

OK !!!!
CLEAR ROAD NOW !

Nice pips to me

as long as 1.5850 is broken i believe shorts are still good...

just my two golden cents

With that new upper touch I see we're in a new triangle with less steep upper angle and a bit more steep lower angle (4 upper touches starting from small double top and 3 lower touches).. Probably gonna stay in it till the weekend unless there's some serious effect of today's news.. time to retire early and do some hw I guess..