Ah ok then.

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That's kind of in the middle of no man's land, isn't it? If I were looking to trade countertrend, I'd go for the next fib level which coincides with the support level. image

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If you're profitable trading it, that's excellent. I would imagine you don't use Elliott waves as a primary reason to take a trade, though. Personally I just have a bad taste using something as subjective as the wave count, especially when Elliott ...

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I haven't been able to find two people who could independently agree on a wave count anyway.

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Tick based price action still suggests quite a bit of demand, but in the interest of sticking with my personal trading plan I'm going to have to pass on the scalping opportunity. Spread with my broker's no dealing desk execution is a bit too high to ...

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That level at 1.29246 has been used quite a bit recently, I wouldn't be surprised to see it fail soon.

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The comment was a little low quality but as an American I don't think it was a big deal.

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In either case, I think it's foolhardy to not use a hard-stop. Every trade should be planned out from start to finish. Where are you entering? Where is your premise invalid? What is your first target? If you can't answer those questions it's better ...

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We kind of touched on this topic yesterday; no stop loss is an easy way to have unlimited risk. It only takes one unexpected major news event to wipe your account out while you were using the toilet. Anyway, going to target long at 1.28330. image

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Another indecisive mess....time for bed.

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When it breaks 1.29553 then we can establish that perhaps we're headed south. Until then I wouldn't get too excited.

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That would be nice to nail the reversal, but my fortune is rarely that good. Price breaks this level and I'll be looking to go long on a re-test.

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To get to the stops demand has to eat up the pallets of cash waiting at the level first. Every significant level has a bunch of stops above or below, just how it works. Unless the big bankers have a motivation for the uptrend to continue, I don't ...

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1.3020 is going to be a big resistance zone. Been watching that level for a few days now, especially since it has fibonacci confluence and previous strong rejection. Who knows what's going to happen though, trendline isn't broken yet. He's still ...

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I moved to break-even around 10 pips profit....nothing to lose. Edit: And, I'm out again. Oops. Most platforms have a specific option to save the chart screen, but if all else fails you can always do print screen.

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I'm on board, we'll see what happens. A little wary because of the spikes through the trendline earlier, if you're being that precise.

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1.3020 is the first major resistance if price breaks the trendline. I don't see much going on at 1.3065, but maybe 1.30825. I doubt it would be the first time someone has done that. I'm playing with a minilot $100 account until I'm sure I can handle ...

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Probably using his retirement fund.

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Better to take a risk on it and lose a small amount than to not take the risk and miss out on a potentially large move. If you don't take a chance you can't make any money. If it does breach the trendline my previous position at roughly 1.2030 ...

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