I just don't see it happening fast....still going for a short at 1.3020 when it gets there, but it willl probably take the London session to do that. Also, quite a bit of a fight going on at 1.30 right now with supply shutting bull advance down for ...

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What makes you think that? Also, price is making a run at 1.30 again....stalling out already.

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Price is just ranging between key levels right now. Once it breaks one of these we'll have a better feel for long term direction I think. Major levels to watch are 1.3020 and 1.2880.

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You can't expect much more from Faux Noise. Hey, I guess it makes for good entertainment from time to time. News? Not so much. Also, for those looking upwards, price still hasn't tested major resistance.

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Stop asking and go find one yourself. Or better yet, learn to read the charts without your indicators - you won't get far with them anyway.

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I wake up and my sell order is within one pip of being hit before price turns around. How profoundly annoying.

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It's a forex tornado.

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You can use whatever works for you. I just like the uniformity of the bars and since most of my lines are drawn considering the wicks as well it doesn't make a big difference. Just to be honest here I'm still not a consistently profitable trader, ...

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Sell limit just hit, I'm out. Not huge profit but a nice little run before I go to sleep.

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If you look at the attached 6H chart you can see a double high at 1.3020 with a swing fib right above. The double high tells us that there was no more demand above that area so prices went the other way. Now that these areas are obvious to ...

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I'll be bailing out pretty soon as we're approaching the trendline as well as another resistance zone just above it. Expect a retracement at least before any farther action to the upside.

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I'm baffled as to how you can ignore the obvious strong resistance at 1.3020 as if it doesn't exist. Level has even been hyped since last week with quite a few people eying it as a potential reversal point.

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1.30 barely held last time with the help of the descending trend line (actually it did make it past the 1.30 mark, just not by much). If price breaches the trend line and makes it to 1.30, I doubt it's going to act as significant resistance on its ...

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I wish I had a clue as to why some people are interested in that level, I don't see anything interesting on my charts.

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You're right, unexpected news could do it. Right now I'm pretty bullish up until we hit the trendline, given the recent report. Also, 1.2980 just broken, obvious series of stop losses activated.

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Jumping a little ahead aren't we?

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No, it means there was a net loss of 5,000 jobs. There was no recovery of net jobs from last month but the report isn't as bad as was expected. So combining October and November, there were 25,000 jobs lost in Germany, but this is better than the ...

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We'll see if price breaks short term support first....bulls showing weakness and I've tightened my stops but not convinced bears have the necessary force to push price below what's needed.

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If it gets to 1.3020 I'm shorting there as well....double top with fib right above, not a chance I'd miss that opportunity.

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My guess would be just above 1.2980 lol. Do I get a prize?

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