EURUSD

Quoting MaxDoom

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well that one I just showed you is very low risk entry because:

it first broke a multi-tested high point (small TF) around 3177 then rejected at resistance 3189

now we know that resistance is likely to be tested at least twice - rare for it to touch and reverse except when it was a quick move up to it initially

we also know that breaks especially slow ones like this @ 3177 get tested

so low risk entry = around the break point for a test at resistance = 3189 - 3177 = 12 pips enough to get in low risk set to BE and have the opportunity of...

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Quoting entheos

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Hello.
Why do you hide your broker?

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Quoting Alexone

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Because they dont pay me to show their name in my pics, so i dont want to give them free advertising. Seems fair to me. Why u asking?

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Quoting math_GB

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Hmmm.. Makes perfect sense but I hardly take a pos for 10 pips, I get some slippage and the trade becomes meaningless. Anyway, will keep this as a note.

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Quoting gatorinla

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3166/67 could be a good # today for a bear or bull bounces.. if we fall below 44 only... at some point it may bounce.. maybe at 3111 3121 3137. back to 3166/67... before 3099. i always prefer 3177/88 bounce to enter, but sometimes we dont get that much.
it not a set up till it sets up. we never have to bounce. all crap unless we get below 44..
but if and when we do. 3001 is what st bulls want. many will call the move a like this stop hunt its normal. bears naturally want to go lower.

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Quoting Alexone

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Yeah lookin at the same thing...tbh tho Forex would be a lot easier if resistance wouldnt turn into support and viceversa. Edit: closed this already.

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Quoting KillerWhale

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I don't think we will see any really big moves for the rest of this year.
Year is winding down, successful traders want to take profits, the majority will lose its ass.

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Quoting gatorinla

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3166/67 could be a good # today for a bear or bull bounces.. if we fall below 44 only w/o a HH... at some point it may bounce.. maybe at 3111 3121 3137. back to 3166/67... before 3099. i always prefer 3177/88 bounce to enter, but sometimes we dont get that much.
it not a set up till it sets up. we never have to bounce. all crap unless we get below 44. w/o a HH.
but if and when we do. 3001 is what st bulls want. many will call the move a like this a stop hunt, its normal. bears naturally want to go lower.

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Quoting Daytrader74

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Hmm, i already loose my ass

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Quoting Ken A

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Been waiting. Going to need a catalyst for that. Not sure what will hit the wires.

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Quoting johncen

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thats the point...
at the moment I still want more downward movement...let see if 87/88holds and reaction near 50...
kiwi aussie seems to lead the way this time..

while swissy remain at support..

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Quoting KillerWhale

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I don't think we will see any really big moves for the rest of this year.
Year is winding down, successful traders want to take profits, the majority will lose its ass.

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Quoting KiwiTrada

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yep kiwi aussie and cable have done very nicely, although they just tapping 1st fence now , even geppy pretty solid, agreed bro swissy & eu like lost children

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Quoting gatorinla

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dont need news to do what it naturally does.

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Quoting davidfx2012

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Kiwi's down nicely bro. waiting to long UC if close above 9165.

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Quoting attila

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looking at 73 atm, then we'll see.. can even get 65..

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