What high and low are you using for that retracement?

EURUSD

I meant more to the tune that the market is manipulated in that it isn't a random walk....banks and big players placing large orders at support/resistance. Without that we wouldn't have much to trade on.

EURUSD

Usually the manipulation is to our benefit....and who knows what the real reason behind this without knowing the organization that sent the buy order. Just have to accept it and move on.

EURUSD

I'm still bearish and I'll play 1.30 when it gets there because the 50 lines up so perfectly, but I'm not so sure it's going to get there anyway. May just continue south after the boundary re-establishes and ruin my week altogether. Support has ...

EURUSD

Just don't put it at 1.3001.

EURUSD

Not my cup of tea....orders at pivot were used up so it's possible for price to keep heading that direction, and price action is neutral at the moment. We don't know what was behind the spike either.

EURUSD

Someone misclicked. "Oops!" If price manages to get above price pivot next level will be 1.30 as it lines up nicely with 50% retracement by 0.4 pips.

EURUSD

Ah well time to wait for the next opportunity...sadly that's probably not going to be for a while. Will be interesting to see if spike causes further climb or if s/r will re-establish. In either case no safe way to re-enter right now.

EURUSD

Just to annoy us.

EURUSD

Just checked and it's up here. Might be a routing issue.

EURUSD

In order to profit you have to buy low and sell high or vice versa. A lot of people will tell you that it's impossible to do and that trying to identify tops and bottoms is a bad idea, but that's exactly how you make money speculating, period. Lots ...

Is selling low/buying high possible?

Could do anything...just playing the low risk opportunity given.

EURUSD

Yep I'm already in short, fib line and price pivot providing some decent resistance with good risk ratio.

EURUSD

Fair enough, my apologies for the assumption. lol, at least it was only 50 pips and not something worse. That triple high jipped me of 90, but then again I'm playing with pocket change until I can get consistent.

EURUSD

The answer to your problem is support and resistance based trading with confluence. I want you to read this post by hanover first, and then once you've done that, read through the beginning of the following two threads: No Brainer Trades by ...

Still losing

I feel your pain, got ripped of a few winners last week. Missed the triple top by less than a pip and then got screwed on the rebound of the last major support because I forgot to factor in spread. Oh well. I think there's still time for this pair ...

EURUSD

Confirmation comes at a price....for example, pinbars require a stop above the nose which is often several times more risk than you'd be taking on had you just played the level itself. Since "confirmation" isn't foolproof I think it's worth the ...

EURUSD

Even if it gets past this the next more significant level is only a few points up. I might take a stab at a short there. Edit: Just went short....price pivot and fib level provide moderate resistance. Reward ratio 5.45.

EURUSD

Some other good levels....reliability of at least 0.75.

EURUSD

Going to try to tackle it at this location. Decent shot I think, has had a 50% hold rate on the 6 hour since 10/28. With the fib sitting there too it should still hold. I'm hoping it fills as well but it looked pretty iffy today with such a large ...

EURUSD