I believe you are correct about us going up today, maybe even a little tomorrow depending on the close, but folks are scared and I can't imagine many leaving their trade open over the weekend, which means panic selling tomorrow late ...

EURUSD

Hopefully it works out for you.

EURUSD

Just as I said - London subsides and the USD rally pauses, E/U goes up, which was what I was looking for it to do. While others were looking at the M1/M5 too far in the weeds to see the full picture - donkeys *JK*

EURUSD

Nice pic! Hope you didn't short when price hit your fib & downward trendline at 1.2525 on the M1s.

EURUSD

Yes - same as they can call me one for not doing it.

EURUSD

Heh - I mean the 5's have their place, but not for any type of trend. Good for fine tuning entries. At least that's what works for me. Maybe you have unlocked the secret of trading the M5! If so - please share! I'm just messing with ya ...

EURUSD

What made you take a short at that level? It's in the middle of traffic, in a clearly undecided area due to the long wicks. We have several touches of support making higher highs - and just about an hour ago you were looking for 1.2600. Not a great ...

EURUSD

Trendlines on a 5M chart? Why not flip a coin, might be more accurate.

EURUSD

You know it!

EURUSD

1.2600 may not be high enough to start shorting on. I'm looking for a bit higher. We should be able to hit 1.2650-1.2700 if we penetrate 1.2600

EURUSD

Right - I think the Euro & USD are in a sort of equilibrium right now. But, the USD is fighting the hardest across the board. I think once London subsides and the dollar rally slows, E/U will rise.

EURUSD

hmmm - we might actually see the 1.26xx area soon

EURUSD

That is the best post today!!!

EURUSD

Thanks - you too!! Wishing you luck on that long.

EURUSD

Maybe I'm a little more conservative, but to go against the bear I'd have to see a good retracement, come back to around a strong support, like the weekly around the 1.2610. It couldn't breach it, much less hold a close over it, but continued to ...

EURUSD

Thanks! hahaha - yeah, I usually start to get itchy around 50 pips of profit. Typcially there is one more push down before retracement up, and that's when I cash out. Just today was relentless on the downward push, no retracement at all, so it made ...

EURUSD

Just curious - why are you guys going long without any kind of confirmation? It needs to go up, come back to support and start to go up again - trading 101. It hasn't done that yet, are you just guessing?

EURUSD

Oh yeah - I figured, sorry I guess my reply sounded defensive? Wish I did hold on to it looking at it fall another 30 pips. But the nice thing is - I can go about my day now. Plan for my attack tomorrow. Happy trading to ya!

EURUSD

Well - I guess it's a bad habit. I just hate giving back profit, and we are at the 1.2500 point with all the major markets closed. It could sit around this area for hours. When I'm uncertain, I take my profit - 100pips isn't chump change to me.

EURUSD

Anything's possible I suppose. I guess I'm the villain then with my short at 1.2606? Just closed for around 100 more pips.

EURUSD