DislikedE/C found support at 1.4990 so as E/A. Definitely not fun shorting EUR/XXX. E/J is still climbing no way for E/U to retrace.Ignored
to add: I don`t see the E/A buying so high in the near term
pls don`t be offended,itz only my thoughts
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DislikedE/C found support at 1.4990 so as E/A. Definitely not fun shorting EUR/XXX. E/J is still climbing no way for E/U to retrace.Ignored
Disliked{quote} Well this is H4 chart, I also look at D1 and W1 and Monthly charts, and what I see there is massively overbought momentum. Double top 1.38, Stopped at weekly TL drawn from highs. It doesn't look good. The only thing that concerns me is that the sentiment is pretty bearish and I don't like it when there's a lot of bears, which seems to be the case right now. That is literally the only thing that worries me. If I was a smarter trader I'd be on the sidelines and wait for price to show more confirmation, and then wait for a retrace to sell....Ignored
Disliked{quote} I think you are missing the point that Attila is trying to make And it's a good oneIgnored
Disliked{quote} rite. but my question was how do you play all those conflicting things? add multiple time frames and now you're really screwed.. I'm not making anything out of this, just wondering how is it possible to trade this way..Ignored
Disliked{quote} I see his point and agree that it's a good one. There is no clear trend right now and that's specifically why it's a good point. To understand how I trade this way I've provided a few examples in my journal in markets that are clearly trending, which is a must to trade this way. Ignore my recent post about euro downtrend because it's a bias and I'm probably jumping the gun, even though I may be right it's irresponsible to say euro is in a downtrend right now. http://www.forexfactory.com/showthre...21#post7170421Ignored
DislikedI don't know.. If I ask what is the most important level on the chart at the moment, there will probably be a number of levels.. To me it is 3752 because that's where all the buyers gave in after the taper announcement.. if we take that and pull a fib down to the low, for the mid way traders we are above 3689 which is 50% of the move.. Price is going up towards 3752 with proper HHs/HLs. We also have some consolidations in between, and so until some support is broken before 3752, that's the target I'm looking at..Ignored
Disliked{quote} I agree on 3750 when it dropped but 37 is Round number and we are at the moment under it!As long as it stays under to me its bearish.Ignored
Disliked{quote} I agree on 3750 when it dropped but 37 is Round number and we are at the moment under it!As long as it stays under to me its bearish. I am also aware there is thin liquidity and big players are enjoying their holiday.I don't expect significant moves until new year. This could be scalpers paradise until Jan 2014Ignored
Disliked{quote} 3689 reacted pretty nicely on the way down and on the way up...and it's become pretty important on the h1 chart..so I guess i'll pay attention to it..Ignored
DislikedOn my BB set up price is still neutral but slightly bullish however this little bull bounce is expected.Generally for every large move 25-40% bounce is expected since price rarely goes straight down or up. I am bearish to 1.35 {image}Ignored
Disliked{quote} I would have done the same if i thought that is where they are going to bounce.. Of coz u r right 2pip Just in case if i don't see you tomorrow.. Merry Christmas to you and your family man, i hope we will see many more here in FF together !!Ignored
Disliked{quote} I cannot see a bearish pair here: {image} At daily chart it is clearly going upIgnored