EURUSD

Thats fine, I like ... cats.

chill

EUR down means EUR/USD down!

This shit is because the yen ... they fucked all last night with the drop in Japanese Nikkei

Both, either.

on my chart the bb 4hr top has been touched,now just waiting for the macd to turn then will consider a short down to 2922. below that we should go back into the 800's
now i would like a mofu please.

maybe you should give it some time....

same thing is on my mind ,,,,,,,,,,, i am not shorting just coz it may go 1.30 ,,, and break through it ,,,,, waiting for US news ,,,,,,

I've got a good mind to do a breakout trade since 280 has been challenged so many times

15 min TF bullish classic pattern threatening 1.30

Its falling, its falling!

Oh no, my screen is upside down

did it for 8/9 pip scalp

Breakout or last hurra?

great trade

LOL....that was mean! Yet funny. Tom you are right that we are here to learn. It is not easy to learn on oneself. Not impossible, but not easy, unless your name is Tom the super genius. lol just playing. Here is a suggestion.... Just tell them to read baby pips or if you know some good reading material about Fibonacci. I think it is alright to ask questions about learning how to trade. I agree that traders shouldn't really on each other as some signal service. Anyways, only a suggestion. mate.

Also, about the mofu 50% = middle of fibonacci undecided 50% line... the normal can be affected if the FA is really strong as you already know. If it was all TA and followed it perfectly... Man... you and I would be rich mofo(s)!

Thanks for the thought, hadox. Yes, it's another entry approach - fading intraday momentum at key areas, but it's not part of my plan. It could actually work great, but I've visited that route in the past, haven't been able to fine-tune it to the extent necessary. I get more immediate stop-outs, more frequently, or even if the entry's great, sitting thru sideways chop and spikes for maybe hours, if price get stuck in a range after momentum's lost (which it does frequently)... and then unable to reduce/cut risk efficiently. I'm still fiddling with the technique occasionally, though.

Looking for confirmation (either for continuation or for reversal) tries to avoid that - as essentially I'm looking for price to get on with the fresh move upon a confirmed break. So I prefer not to enter straight against the intraday momentum, while a potential reverse outlook/scenario is still way unconfirmed. Even though I do have reasons price should hold resistance and reverse ~2980 area, I wait for the 1st counter-reaction and only act upon confrmation - in this case that is IF the reaction breaks 2957-67 (intraday sell zone) again, at least on 5min. So ~2980 is my reference area at the moment ("last-defence", sort of), while 2957-67 is the action zone, so to speak - upon downside break(s). So, kind of an "if-hits-and-holds-then-breaks-below" confirmation-thingie.


On a general note, while fading key levels aims to give best R/R at lower odds of success - confirmation aims to improve odds for better directional follow-thru, by surpassing/avoiding chop as price will then be either heading out of a range, or outright reversing the last key swing. At times you get chopped / overrun on both approaches, that's inevitable...

doing it again

for 7 pips

well me too going to put my screen upside down ,,,,,,,,,

goodbye stops

Bearish till 1,3030 then things will get ugly.

Every attempt by the bears are bought so far....so when bears kick in, it'll be a bull slaughter