You are dead on. That was exactly my thinking on this as well. Make everyone think 'long, long, long' and then they come chop their heads off.

EURUSD

It's nice to see someone see the right path. Good job! Hope you are managing the trade now. Please at least tell me you have your stop at B/E with about 20pips locked in? Sorry longs....seriously.

EURUSD

That's good, getting the emotion out is very important as you probably know. Maybe you have honed your skill to see the breaks early with less risk - if so, I congratulate you as I'm not that smart. But 5% is a bit risky IMO. Just 4 ...

EURUSD

You are giving up a good profit here psi! Wish you were on board, I was holding out my hand yelling to jump on.

EURUSD

10pips Stop? Then you'll be toast - that's not enough. You are trading with too much money per lot size, reduce your lot size & increase your stop. It's the same risk %, but you have a much better chance.

EURUSD

It could - I was looking at that myself. I gave up trying to pick the top/bottom a long time ago, so what I do is trade is phases of the move. 25%-50% of my lot on Pivot Zones that are showing resistance (like the one we are in now). If it breaks ...

EURUSD

Well, I'm for making some money today - so I took that short.

EURUSD

Oh wait psi - I had you confused with traderathome! A thousand pardons...

EURUSD

I appreciate it - what happened to the chart saying it was good for shorts though? Can't play both sides of the table here.

EURUSD

Smart man

EURUSD

How many people are long from 1.2750+ ?

EURUSD

Right - but you gotta think that the euro was at highs at the time, a pullback was kinda expected. It took a few weeks, and until the week of 09/21 on a false breakout set the trend completely. I guess my point is - from my perspective, a few days ...

EURUSD

It's a little too early to tell for me, but since this primarily is because of a pullback on the dollar from some previous rallies, and seeing no buying of the EURO, it makes me think this is a fake-out. I'm still looking for shorts.

EURUSD

So you are saying if we close positive - then it's a trend change? You do know this is caused by pullback on the dollar - not because of EURO strength don't you?

EURUSD

You may have closed that a little early - but I'm not one to criticize that, I do it all the time. Glad to hear you got out of a loser though!

EURUSD

Guys - you really think a few hours of price going the opposite way is a break in the trend?

EURUSD

Pop

EURUSD

Awwww - if it only come up another 30 pips, I would have taken a short on it and be rolling in the pips right now. Oh well - the E/U had most of my attention today anyway. Hope others made a good profit!

USD/JPY Discussion

Guys - the time to short was back around 1.2680 like I've been doing most of the day. Maybe it'll work out, but I would be cautious to short near the bottom. Just cashed out my 3rd trade for 102 pips. Total of 326 today

EURUSD

Looking for shorts if we hit the 98.00 area +/-25 pips

USD/JPY Discussion