er'body waitin' on NY open?

EURUSD

I'm watching RSI on 1HR chart. FXCapitalist was talking about the market bias being bearish if it bounces down from 60.00, which is where it's at right now.

EURUSD

LMAO!! Market looks bear, it's against SMA 100 right now....doubt it'll break it. should go down...will wait to see..

EURUSD

total emotional abstinence!! who cares which way it goes, just be ready to jump on the wagon (after confirmation, of course hehe)

EURUSD

LOL. it's like to say New York owns the dollar

EURUSD

curious - who's your broker?

EURUSD

so your foghorn seems to have been touched, and the bear pressure increased significantly at the tip....thinking it's going down?

EURUSD

indeed! loving it!

EURUSD

Aw, just when I thought you were a young genius! :o) So far we're still going doooown, boyz! *hopping on a south train*

EURUSD

lolz, *what* resistance??

EURUSD

yeah, I'm seeing 1.5643 or so. next one down would be 1.5617, but I dun know about seeing that tonight...or soon at all?

EURUSD

ya, lolz, but ur right, it's super volatile

EURUSD

WHOA. did you people see that?

EURUSD

i dunno....bears are still pretty strong

EURUSD

I'm with you, there's definitely a bear bias in trading. just waiting for a momentum

EURUSD

yeah, well, I dunno. last year there were some crazy rallies during long holiday weekend....

EURUSD

Great thinking! Don't you think, though, that the mean actually depends on the actual trading system? By certain adjustments you can try to extend the cycle quite far out.

Simplest Basic EA

Oh!! So that's a no??

Trading systems using fractals

I saw that.....but he doesn't say if he backtested it. I personally don't know if it's a good idea to trade without testing the system backwards first....

Trading systems using fractals