No pullback yesterday, no shakeout yet. Situation positive. Smaller TF shows buying.

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If anyone's interested, my analysis reveals probability to return to below 1.2400 with today's high already made.

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your analysis shows some maturity.

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it is, that is the problem

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Interesting. How long you been trading.

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different view

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press the advantage.

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Time to press the advantage. Shorts building. Didn't get the sell off expected yesterday because of china, Euro support though charts gave very good reversal trades.

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and finally..... should the ML be taken out on buying pressure, there is this to consider. Enough for this week.

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oops, here's the up-to-date chart. and the ML has been hit. notice where it was a buy earlier.

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P.S. there's always the possibility of the smaller pitchfork with less slope taken from lower pivot.

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update — update to charts posted earlier. None of the ML's have been reached. Clear evidence of selling pressure coming in. Trading off the trendlines usually results in nice pips. Good luck all. and remember., trading defensively means ...

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i am going back to bed. active trading today begins for me at midday, already in a trade, will let the levels take care of themselves.

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Pitchfork ML's and london stock market should decline. BOE rate decision out this morning, and austerity measures here in UK very much in the news. A wall of worry to climb, cannot be done, without some significant sell off. Plus, it's clear the BOE ...

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we're at R1, final last 2 moves up on hourly was on decreasing buying pressure. Probably better to wait for some higher levels to hit in a few hours, but anything can happen now the market is open.

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another I am watching. notice these are all countertrend moves.

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Good morning. Some levels to watch for possible retrace. If the market doesn't sell off in London session, we may be going much higher. GU poised for a fall today.

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Goodnight all. I won't be surprised if when I open my charts tomorrow it shows EU at 1.1800.

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yes, but I'm still not selling this again at these levels.

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On london close, we got a sell off in equities and the GU. Strange. Guess who was bidding up the prices then.

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