Yes there is a possible top Head and Shoulders formation in progress on the EUR/USD (30 min), even though the right shoulder has not been formed yet.

Gordon Gekko's real-time Forex trading calls

I am sorry, which post is that, Isingh?

Gordon Gekko's real-time Forex trading calls

Thanks. I am not so sure about the Euro (EUR/USD), even though they seem (and are) exhausted, the bulls are still fighting the bears... image

Gordon Gekko's real-time Forex trading calls

Well, you know what they say, Isingh: Intuition comes from experience.

Gordon Gekko's real-time Forex trading calls

An old Polish man once told me, in Montreal (Canada) : "There is no such thing as a "small" profit. Profit is profit, period."

Gordon Gekko's real-time Forex trading calls

Out at 1.4280, 15 pip loss. Possible long re-entry later on.

Gordon Gekko's real-time Forex trading calls

Buying EUR/NZD at 1.4295, 28 pip stop.

Gordon Gekko's real-time Forex trading calls

+20 pips, moving stop to break-even. Position is now a "free" trade.

Gordon Gekko's real-time Forex trading calls

Lowering stop to 10 pips.

Gordon Gekko's real-time Forex trading calls

Shorting EUR/USD at 1.0947, 26 pip stop.

Gordon Gekko's real-time Forex trading calls

Here is how the EUR/USD looks like on the 5min chart. See these consecutive higher high that go nowhere? This configuration usually means that the bulls are losing control...

Gordon Gekko's real-time Forex trading calls

Is the EUR/USD now ready to crash and burn, as expected? I guess we will soon find out...

Gordon Gekko's real-time Forex trading calls

There was a typo on that long GBP/USD trade, the correct buying price was 1.4922, not 1.4929. In any case position was stopped out. This is a typical whipsaw trade, the market tricks you on both the short and long position on two correlated pairs. ...

Gordon Gekko's real-time Forex trading calls

Buying GBP/USD at 1.4929, 33 pip stop.

Gordon Gekko's real-time Forex trading calls

There are no emotions in trading, I am just playing the odds like a BlackJack card counter. You win some, you will lose some but you keep playing.

Gordon Gekko's real-time Forex trading calls

I am still watching GBP/JPY for a possible short re-entry...

Gordon Gekko's real-time Forex trading calls

Out at 178.83, 25 pip loss. Oh well.

Gordon Gekko's real-time Forex trading calls

GBP/USD could completely reverse the trend of the day...

Gordon Gekko's real-time Forex trading calls

Short GBP/JPY position is now live but GBP/USD is currently forming some sort of bull flag formation, I don't like this at all...

Gordon Gekko's real-time Forex trading calls

I will have a look, thanks.

Gordon Gekko's real-time Forex trading calls