Agreed. I'm going to try to hop on if it moves within 10 pips of the high....if not I'll wait for another opportunity later on.

EURUSD

I didn't get on board with the trendline hit, I was just outlining some of the bigger levels and came across that jewel. I'm still not sure that price will respect this trendline or whether with volume tomorrow the uptrend resumes. You're right ...

EURUSD

If price does in fact top out at the trendline it leaves a rather nice drop for those who bought in for about 170 pips down to 1.2820, where we have the 50% retrace and support. image

EURUSD

Fair enough, I suppose we just have different criteria for trades. No hard feelings.

EURUSD

Breaks it, wait for the retracement bus to come around and pick me up on the re-test. All I'm saying here is that there's a good R:R ratio, even if the trend doesn't reverse. Some countertrend trades can be worth the while especially when there ...

EURUSD

And since you have such a fondness for such snobby responses, may I ask what more criteria you would like for a good entry? Price may very well break this level, but given it even had trouble with the last levels I'd be really surprised if it blew ...

EURUSD

Absolutely. Strong resistance pivot zone and 76.4% retracement coming up right on top of it (confluence); price reacted strongly the last two times it hit this level. Weakness shown when hitting the double zeroes. I think this level is definitely ...

EURUSD

Getting very close to 1.3020...excellent place to go short once it gets there. Recent weakness indicates this may be the big retrace or perhaps reversal many have been anticipating.

EURUSD

I see them as a good way of regulating my emotions as well as calculating exact risk. I get the chance to plan the trade ahead of time and choose a location I know my premise was invalidated at. As a result, there's no room for me to fidget with it ...

EURUSD

What makes you think that?

EURUSD

You should always have some sort of hard-stop loss in case of a random news event. Especially people playing with larger sums of cash, but they've probably already learned that lesson.

EURUSD

Stop hunting for quick profit. But it did push momentum farther up. I have a feeling we'll see our major retracement at 1.3020 with the major resistance zone. image

EURUSD

Now that it's spiked out of the wedge 40 pips, it's headed to then next resistance zone. He'll eat another 15 pips before any possibility of relief. Had he cut his losses days ago he could be saving his money and shorting at the appropriate area ...

EURUSD

Resistance has come into play at a rather consistent level the last three times price reached around 1.2973. The rationale behind this is less a play on geometry than an observation that the bulls have managed to push lows higher while bears haven't ...

EURUSD

I see a potential breakout to the upside with this bullish wedge. Higher lows while eating up resistance at the top. image

EURUSD

Nobody is making you trade EUR/USD, you're free to choose whichever pairs you like. I've outlined where I think there's a good chance of a reaction (~1.3020) and that's what I'm going to base my own trade from, but part of this game is having ...

EURUSD

I think people make this more complicated than it really is for no good reason. Nobody can predict what the market is going to do, only what it's likely to do at key levels. Right now it's not really reacting to anything except using the old fib ...

EURUSD

My personal opinion is that people are jumping the gun a little fast to be calling this even a potential reversal yet. As it stands, the significant markets for this currency pair haven't opened yet, in particular Europe. With volume as low as it ...

EURUSD

Let's be realistic here....if people didn't do dumb things they wouldn't get made fun of for it. Sometimes people need a wakeup call. Also, for those who recently shorted, what are you using for a stop?

EURUSD

Barring something big happening I'm not sure why the trend would reverse in the middle of nowhere. Glad to see a lot of other people seeing this same level.

EURUSD