This right here is why they call those little suckers mofus, and why I said this on Tuesday. url So I was just pointing out to anybody thinking of trying to jump on that daily uptrend on your chart now that a reversal day is due soon if the Euro ...

EURUSD

Good read. Thanks for posting.

EURUSD

Agree. I can't long either and there hasn't been a single proper short signal for me on the 5m chart except for one right before the jobs report which I couldn't take because it was too close to news. Not gonna short it until I get one.

EURUSD

You're right. When this 6 day rampage started the daily stochs were right on the bottom of oversold and turning up. While stochs don't always work, in a range (which on the monthly this still is) they work better.

EURUSD

Thankyou. Very nice analysis

EURUSD

Er, yes, I noticed. And I posted last week that I didn't understand the price action before NFP - that it was almost like the usual pump before the dump in reverse, and that I thought something was cooking because of the consolidation of the opening ...

EURUSD

True. But cheaper oil was already doing that and it didn't seem to matter much to them. On the other hand, if the yuan gets weaker it will be harder for Europe to sell to it. (Harder for the US also but the US trade balance is more negative than ...

EURUSD

1169 W R3 and previous day 161.8. 1162 Monthly mid for June

EURUSD

But the US has a much larger trade deficit with China than the EU does, meaning it buys more from them and sells less to them relative to Europe. So in principle, over the long run, a weaker yuan should be better for the US relative to Europe should ...

EURUSD

That's what he said.... (Sorry couldnt resist)

EURUSD

They turned right at the bottom of the US Opening range (using the first 5 minutes of the session starting at 13:30 GMT). The pre-London sessions tend to have some respect for those 5 minute ORs.

EURUSD

Thanks. I am still at the point where I enjoy it. To me it seems like you can find better deals on the lower tf charts. By this I mean that I actually do use the monthly, weekly, daily etc charts to look for places to trade and decide bias, but I ...

EURUSD

Different stokes for different folks. When you trade the higher tf charts you need to have a lot larger stop. Nothing stops a 5 or 1m scalper from taking a partial at 10-20 pips and setting the rest to b/e. The people scalping short right now (at ...

EURUSD

I meant to get such a precise entry for a scalp with so little risk. (I am a scalper). I posted that I thought the next stop was the mofu just before you posted ( url ). Still in my book to be able to identify even temporary S/R so that you an feel ...

EURUSD

[/COLOR] No. I wasn't relating to that argument, just to the 6 up days on your chart. I agree with you that 6 days up in a row isn't consolidation (on the daily tf anyway. On the monthly it still looks like it's consolidating to me) So I was just ...

EURUSD

Should be noted however that it's pretty rare for the EURO to go more than 6 days in a row in one direction without a pull back day. Eight is the most I can remember and that's pretty rare. Five is less rare.

EURUSD

Everybody has their own. Gator has one set, the guys over in Bemac's thread have another, and I think Mr.Hatch had a third set that he used sometimes. I just use Gator's Well that's a really interesting question. Cloggie used to say Fiber loves the ...

EURUSD

The Frankie Fake again.

EURUSD

That was nice. Very precise.

EURUSD

The 50% area of a fib, give or take a few percent. So named because it's often a difficult area to trade inside of. TM courtesy of gator.

EURUSD