Oil seems to be getting repelled, euro also, a bit soon but I think the downtrend train has departed. Enjoy the ride everybody who shorted the top now. I believe this should continue and then we'll get ECB talking and visit 43's neighbourhood. Let's ...

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No, hourly channel starting Aug 28.

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560 dudes.. For now it's just a good r:r short opportunity.

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There's the weekly pivot at 555 and 550 psych with previous range high two days ago and the hourly channel upper trendline. IF it breaks those - above 560 you can start saying long. Let's see if it can get above 560.. Or if oil can break 110 or ...

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Nice.

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Looks like oil about to break back 1.09 and 5m and 1m charts setting up for a fall.. Let's see..

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There's a larger downtrend channel in play on hourly starting with first two highs of this fall on hourly as I see it. It looks like we should go down again and oil looks like it could fall quite a distance soon as well, but nothing's certain of ...

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We want Bruce to keep copy pasting all those news links! On some other forum..

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That sounds more like 1m to me.. And I don't use fibs, unless it's 3h/4h to daily and up, but since as of today I've sworn not to trade these tfs again - I don't use fibs.

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It could also be that euro got nervous as we're nearing 1.43 and seems like oil should get closer to 100 before it really bounces up, so it's preparing for that last fall.. 1hr-15m suffices for that.

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I'm short, a bit bigger than I should be. The longs from yesterday got to me. Will tp most around 430. I'm repeatedly reminded of how I should stick to trading 5m-15m charts and intraday trends and forget about this larger picture stuff alltogether. ...

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There was someone here posting those before once, looks like in slower and more calm market conditions it can really help to scalp small waves or observe a trend starting. Donno.. if and when I can afford the 2k monthly he mentioned (which should ...

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You guys are killing me with all these margin mentions What are you trading close to your brokers max leverage ?? Jesus people, kill it, trade at 1 until you manage to profit with some consistancy at least.

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You got a live order news feed ? What's the verdict in general, up or down ?

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It can bounce and come back. Fact is it broke the downtrend channel that started last Friday.

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Looks like a new slow uptrend channel of 90 and a bit pips formed, if it pulls back here..

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I hope oil's next down leg kicks this baby back in the pound...

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5 small waves should do it I hope.. Last one trying to peak now..

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So ? That's just a bit less than my standard position size and I got about a 360$ account. It doesn't matter how much you trade until you can prove that you can consistantly make profit, and once you feel you can it shouldn't matter for your trading ...

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Yes. But, watch for the current 15m/large 5m formation, it could turn into an inverted h&s, first shoulder at 411..

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