EURUSD

long trend huh ?

It's quite clear that trend is up, right.

Problem is timing and now i see just short tf range/floor testing.
Unless some volume pops up with a force then no trades.

hmm then ok

long 3841, sl 3825, tp 3870...

yup, but i closed my long 4 min ago.

lol.

done..-13..

will sell at 3855.
same game like yesterday.

short again 1.3842

I am waiting for price to break above or below the current limits that Toyko session has formed. Once this is broken I will look for the re-test then enter. This is to avoid risking the false breakout. Only disadvantage is that you sometimes get moves that do not re-test.

add short 3847

if swissy closes below 9335-9337 , this whole thing gonna blow up.

1.5/6 anyone??

below 9330.

pretty undecided at the moment, tho my bias is long, sidelining it for now.

nobody knows ?!

i dont think we can cross 1.4 .....need a 300-400 pip retrace first.


NFP will tell.

sidelined > loss imho.

i dont have any bias these days....
cruel PA.

scalped + 8 for the morning and watching for another long scalp, not being greedy. GREEDY MAN ALWAYS LOSES!

Agreed and it won't be a straight line - might take a while too.

If sideways price action has lasted more than 5 to 20 bars then the trader has to be particularly careful because the bulls and bears are in very tight balance. Trading breakouts in this situation can be costly since every brief move is sold aggresively by the bears and the new bulls are quick to exit. likewise every move down is quickly reversed creating a tail at the bottom of the bar.
in general all trading ranges are continuation patterns...
a tight trading range is usually a continuation pattern, but after a climax (usually as trendchannel overshoot and reversal) even a small one, the market can break out in either direction...
since guessing is never a favorable approach for a trader, price action traders have to wait for a breakout before deciding what to do.
in the majority of the cases, there is a failure within a bar or two of the breakout and the odds of a profitable trade are higher if you base your entry on the failure rather than the breakout. in most cases the failure fails and becomes a breakout pullback. enter in the direction of the breakout on a stop at one tick above the pullback bar. if the pullback bar instead plunges through the opposite side of the trading range or if it does so in one of the next couple of bars, you enter short at one (or more) tick below the range.

Barb Wire:
There are three or more bars that largely overlap and one or more of them have a tiny body (doji) Don't touch Barb Wire or you will be hurt.
THe small body indicates that the market moved away from the bars open but traders with an opposite opinion moved it back by the close of the bar.. Barb Wire is notorious for sharp whipsaws and repeated losses for breakout traders.

out 2 short: + 20 pips