Al Brooks uses the 20 EMA in his price action books but he only plays on the 5 min TF (or lower). It's not of high significance but yes on the lower TF's price would touch any low EMA any time you like it. I use it too but only as a gauge of ...

EURUSD

Jan 9 dropped then faded. (rate same as previous) Dec 5 went up (rate same as previous) Nov 7 dropped (rate cut) Oct 2 went up (rate same as previous) Sept 5 went down (rate same as previous) So, it always depends on the expectations of the market ...

EURUSD

Should be a non-event. Though with everyone expecting a rate cut and perhaps a cut is already priced in after ECB member talks last week then it could go up if it stays unchanged.

EURUSD

My bad trade was on nzd/usd too yesterday. Stupid broker slippage filled my buy of .8230 at .8255, just at the top of the news spike. Then moved down 60 pips for the day. Had do manage it almost 12 hours until it came a bit up and make the loss ...

Bad Trade Thread, Lets Talk About It

That's how currencies are supposed to be, semi-stable / semi-fixed rates to other major currencies unless there are huge fundamental reasons for them to move. The huge swings up and down are not healthy, they are the result of crashing markets.

EURUSD

Now if .90 is broken in u/chf it will be hell for EU shorters.

EURUSD

Doesn't look like a short to me but I am 49% right.

EURUSD

Gonna go much higher if u/chf breaks down 0.9020

EURUSD

It's E/G trying to make new highs.

EURUSD

If you are confident that your position will eventually win according to your trading plan then don't follow the "cut the losses early" strategy. Because 90% of the time your trades will move against you initially (unless you can pick tops & bottoms ...

EURUSD

1.3521 for me but there wasn't follow up.

EURUSD

Almost did it before.

EURUSD

Waiting daily close above 1.3520 so it can go up to 1.3680+ again (tdi made hook too). Otherwise crystal ball says consolidation at 1.3450 and then drop down.

EURUSD

Guitar will get you age < 22 & > 45 women. Money will get you >18-30.

EURUSD

I think it's not gonna happen tonight.

EURUSD

Couldn't agree more. These days are paradise sometimes.

EURUSD

Wasn't something that had to do with MM (my MM is terrible anyway), just want to short it up there...

Cable Update (GBPUSD)

It's sad to see all bulls give up. I need some help to get it back up to .63

Cable Update (GBPUSD)

Fair value of Euro should be around 1 to 1 vs usd. 1.40 for North Europe, 0.60 for South.

EURUSD