EURUSD

going up fellas, every test of the 1.305 area over the last hour has rejected back to the upside

Trade2day.com is about an artist on the ipad,,

m.trade2day.com

First post, so this probably won't show up until it is totally irrelevant.

01:27 AM (EST) bounce off resistance at +/- 1.3030. Whether rejection from that level will hold remains to be seen.

Meaningful break through support @ 1.2989 could signal test of this week's lows.

@Trade2day and all others: Hmmm...awesome site ! But the trades...does that make sense ? I don't want to be rude, but it looks like random entry (more or less).
I think your win/loss ratio will never go beyond 1.3 (0.7 in worst case) on average 4 weeks.

Any comments to that ?

Long

Another, stronger, test of 1.3030 -- this time touching the 1/23 afternoon high of 1.3038.

I would expect traders to test the the bottom of the range (1.2990) at this point.

i m with u buddy,but there is a chance it will retrace back to 1.2880

interesting point,hope it will happen.

looks better wait for 72 to short

Great story, i have one question, who is that prostitute

Short @ 1.3030, stop @ 1.3039.

EDIT: Plan is to take partials at 1.2990, hold remainder until PA says otherwise.

- VSA - http://tinyurl.com/7wjwwr3
This might hold true for trading equities, but from my observation strong bullish run not always accompanied by high volume. On a bullish trend, a long candle should show high volume, but a short one would exhibit a low volume but still a strong bullish. You could also consider trading hours as Asian session volume are lower than London or NY session.

An addition about trendline break, you said that volume does not agree with the break but after that the price still moving away from the trendline. My explanation is when there a trendline break, there could be some retest. Your explanation is not wrong, but I think you could provide better chart sample.


- Supply & Demand - http://tinyurl.com/8x2v2nz
I have another opinion about supply and demand, maybe you could add it to your article. Take a strong support range(I do not believe support line, calling it range might be better) for example. Just above, it there could be a strong demand where market participants who think of long might put their buy limit or just buy it around that area. Just below the support range there is a strong offer, which is a stop sell order from trader who think bear is in play. I put my SL around the bottom of the support range in hope that there is a rebound.

Just my 2 cents.

That's 4 trade stopped at BE+few pips.

rejected again bears....wait for another oppt to go short

1.3% profit for this movement, i like it...

if your total micro balance is 100.00 that is $1.30 profit. score!

It hasn't reached 1.3050 in the last hour in the first place to to reject it.

Today high 1.3038

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on Obama's plan". All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for dollars - something closer to home and more readily understood by all).

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little..

The second test average was a D! No one was happy. When the 3rd test rolled around, the average was an F. As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else. To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed. It could not be any simpler than that.

These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

aud and nzd losing steam too, 4hr red bearish candle. eur rejection pin bar.