EURUSD

it is now overbought on almost all timeframe
i went short 76 until morning

i think asia will do some profit taking and then when london opens we will see again what happens
forthe night thisshort remains for me no matter what (racionaly of course

Yep, I agree with you. 50 level is just a way of talking, I'm not gonna take a postion on 1.3412
See you tomorrow now its time to sleep (in here).

I know, I know there is no gap, however for many retail traders their platform shuts down on a Friday and re-opens on a monday and thus their charts show a gap.

There is often talk about the gap being filled and of course over an infinite timeline it will be.

However this week we saw why playing the gap is a dangerous thing.

The basic rule I use with the gap is this.

If there has been significant fundamental news over the weekend (or around the weekend), ignore the gap....play your normal game.

If there has not been anything substantial and the gap seems contrary to your view/timeline/pa/tech, there is an opportunity to play a scalp there as the market opens.

I read somewhere once never to play the first 4 hours of the market (or the last) as there is a certain amount of psychological silliness taking place....these are probably wise words (that I heed selectively)

This thing should get to 3430-3450 before any longer term short.

isn't there different way to gauge fib when price moving back to impulse move from consolidation area?
price down , consolidate and expend to own way.

wonder?

hi henrik a few days ago i tell you euro up but you don't believe it. now see your chart euro is up until 1.3500

It is what it is

Guys, mind the hourly bearish doji, which formed at 22 hrs GMT.

Shorting for 20 pips. Let's see.

Good night to all, I will check tomorrow morning. SL and TP set.

Today made 112 pips on EU/JPY!

Yes also other idications I have sold 2 lots
3374 & 3368 sl both 3388 tp manual / trailing moving to sl -5 asap

EURUSD closed the gap that we??

Forex, its like marmite. You either love it or hate it

what a gap?

My last EUR short I exited near bottom of triangle for a 0.27R win.

Today's Plan:

Long Entry: 1.3320 area
SL: 1.3264
PT: 1.3418
RR: 1.7

SL to BE @ price 1.3270

How do you know when it's no longer the trend?

Questo è un gap, o mi sbaglio???

This is a gap, or am I wrong??

anyone else having connection problems ? I have 3 brokers all down

I'm sorry, but the overall trend is down.

It's down since calender year.
Since April its down 1500 pips.
Time to jump off this correction.

yes, probably you're right, but probably the correction isn't ended yet, who knows?

this euro crap is way over valued. stuff is only worth 1.05