EURUSD

Schaeuble says Greek public are not suffering due to decisions by Berlin or Brussels

always there

Maxdoom, what makes you deicide to short at that level? Just seems too risky to do that on a strong upward momentum.

Nice catch

the 1330-1350 is free money for sellers...nothing wrong with it...

Short 1321 SL 5 pips TP 32.

expecting the upward move up to 370

No thing can stop it but 1.1500

But how does one know that?

https://charts.mql5.com/6/833/eurusd...g-point-of.png

Just eating stop losses.

We go short aigan.

Mr.Fibonacci only Knows that

BE SL set.
Interesting USDCHF spread has stabilized seems like.
http://prntscr.com/5xmdoa
1-2 pips today. Lets see if it stays that for while ill put it on short term trading list again.

If it doesn't go up in 5mins - then I'm getting ready for shorts

Did you look chart he posted and levels on it?

Funny how you can predict nowadays bullshit economic numbers one day in advance, just by watching the big guys do their job.

you know that is a good question especially for this trade...

I don't normally trade off the hip, I like to plan my entries in advance I find it much more profitable. But sometimes I will enter at the level no matter what the PA - ie: I set a pending, other times I watch the PA and make a decision based on what I see.

I did not set a pending in this case because it may have run straight through and the gap above to next level is too large and we have already pulled up from lows with momentum.

In this case if you refer back to my earlier chart you will see my entry zone ran 1320/48 although I was expecting to get in at the lower end. PA got hung up just below around 1318/9 but experience tells me that this is first resistance and to wait for it the enter the target zone, which it did and it shot quickly thru to the top of my zone.
Now I have a choice:
1) enter and risk a straight continuation and a quick stop out because above the entry zone we are talking 1.14xx
2) wait for a small pullback and then enter.
3) do not enter - but price is in my planned entry zone...

I deferred to #1 as it would provide me with a smaller loss if it went wrong - remember I wanted to enter in this zone and price briefly paused at the top on the zone. If I had chosen option 2, then my stop would still have to go in the same place as option 1 and I would have a larger stop.

mind map of a mad man....

Got the bounce from 1.1227, upto 1.1260 and staying above it............

............next up target is 1.1362.......and then 1.1507..........

What's the target you have in mind? I happen to have opened a short around 1338, I'm looking for 125. Is that too conservative?

Pending BUY GJ 177.770
Moved it DOWN to 177.635