EURUSD

H1 Must close Below 1.3141 to consider this a break.
1.3125 is really a tough level to clean.

Triple bottom it is not very good for shorts!
Let's see.

who do not like what I wrote, simple put me in ignore list.

Doin pretty well at it too. Mentioned M3 as a possibility last night and then when the the PA confirmed it, waited for the reload at the top, as I posted beforehand. Then PA confirmed a probable S1 target that I posted as well beforehand and it hit S1. So, I haven't even broken a sweat yet. No fight, no argument, simply trading the patterns in fairly well defined boundaries.

Slept right thru the revisit to the DP last night and lo and behold here we are/were at S1 AGAIN. It actually turned 20 pips lower at the 3130 QP twice now, and becuz I am still of the opinion the prevailing trend is mostly down ((again)) most of the time, I have the other side of your Longs. When it's not, I take a break and watch the fur fly here or go do something else. But fight it? Nahhh...

And here's the Thing... if I had the Exact Opposite Opinion of the one I had last night or right now even, I could STILL have made almost the same pips by sitting out the Shorts and trading the Long side instead, or double the pips doing both. I used to do that, but my brain is getting worn out lately and it's not as easy to carry on 2 conversations with myself and keep things straight. It's Mostly in what you see, and it's All in How/When you execute those choices.

If it's true that Price ranges something like 80% of the time (the number that sticks in my memory, corrections welcomed) then 80% of the time, it will do many of the things it has done before within the boundaries appropriate for that range, like it has been doing for quite awhile now with a few exceptions.

That all mostly consists of different combinations of going up and down. Boring, but extremely tradeable with the right Outlook and a couple basic tools like pivots, fibs, and maybe a couple fast MA's, or any other tools of your choosing. I use what works for me and have to laugh when some people here try to convince me I'm hallucinating my pips.

Most people here would do better trading the very obvious Daily or session ranges than posting 8-18 hrs a day here about all these non-existant "breakouts" that only happen a fraction of the time, depending on the TF. A "breakout" on my 3m chart is usually only partway to the other side of my 20m BB range... no big deal, and unless you're Live on a Skype scalp chat or something, who cares?

Knowing the Breakout levels and TF's to watch is one thing and I strongly recommend it, but trading it like it's already broken out when it hasn't is another thing.

Most people here don't need a new strategy or technique as much as they need a new Perspective. Sometimes, just shutting down the Puter can improve one's trading... In other words, I totally Agree with you on the "Fighting it" part being a problem, but I Disagree that Long is the solution, and Shorting it isn't the answer either...

Gotta get back to my 8hr chart to see where price might go in the next 6 minutes..

Funny you mentioned that, i was just checking mine, the descending triangle clearly shows where it wants to go and what should be the key zone (1.3120).

The green pinbar is from 8:00 GMT-16:00GMT, since with this broker the next 8H candle will only close in 2h:56... then we'll have to wait and see, as usuall

And a Level to be in everyone Minds. 1.3169.
As I am writing the price is right there.
So, a Daily close Today below more % to see A BO of 1.3100 soon.

As always, take PP at all nice down moves for who are short and all nice up moves for longs.

Everyone knows my Bias, and the difference between a Bear or a Bull, is that everyone can win or lose, but only who get the right direction can win more.

Never closes all Trade, that's why I had 25 trades, now only 21, because If I am in the right direction my better shorts will eat lot of pips.

GL all

A good first post. Do yourself a favor, and go read the first part of the Silent Service Method started by Clockwork71 for awhile instead of this Free-for-All hairball of a thread.

Excerpt from there that I posted here last night...
http://www.forexfactory.com/showpost...ostcount=86167

mmm, nice start to that thread. Deffenitly worth a bookmark. Thanks for the direct to it.

JC

I didn't see this post until I had already replied... ditto and Ditto.

Does anyone agree with me that when this breaks its gonna break B-I-G time.
I'm not sure which way yet but my bias is short - think I might just straddle it and see what happens.

Equities should be green tomorrow. Really good quarterly results by Google. I think the global equities will form second shoulder of a giant inverse H&S sometime this summer and keep going up from there.

Your direction to the thread will provide more insight in the long term. Explaining a pullback in timeframe is almost useless if not firstly approached with a good trading technique. A thread like that and something like j16's thread is a have to, to developing trading technique.

JC

do you think thts up or down for eu this sumeer?

I can definitely see that happening. If we'd broken through the lower TL on this last drop I was expecting it to crash down pretty quick. Could still happen.

Then again, we could move north from here over 200 pips without it being considered anything special as it would still be in "range."

I also wouldn't be surprised if we kept tightening this triangle and didn't see a break either way for about 2 more weeks, though I wouldn't play the triangle that long as we could definitely break sooner.

It's late Thursday afternoon and this pair's presently sitting exactly at the weekly open price? Dead in the water...

Hmm...calm before the storm?

there are only 2 options
up
or
down

hi i now your looking for opinions more so from the pros but yes i would agree that a break under 3080 after a second push down would be ideal for shorting right down too 2500 i short at th moment on mager support not ideal

aahhh can't get //trendline_/ out of my head thr every where in the movis in my dinner and in my dreams

Here's a look at where we presently stand looking at a weekly chart...notice we're near support so we could bounce back up, or if there's some event we could push into the next lower range.

My thinking is the higher probability is we'll range in the shaded area, unless some news pushes us lower.

I'm presently short waiting to close out my position for the week, I'd like to see which way the market goes before jumping back in.

its mad, we are at major support, and if anything we should be all long, short if we see a close below 3050 otherwise its to the moon