Yeah I agree. Price targets in general are just pointless and usually add bias and ego to a trading plan. Better to react to whats happening when it happens.

EURUSD

Looks like a bullish reversal 4hr candle about to close after sweeping a new low, nearly to 1.35. That vanilla options level everyone was talking about is pretty far away still, but I suppose anything is possible.

EURUSD

Another daily candle close a few minutes ago. Wednesday's candle closed below Tuesday's daily low. Until I see a green daily candle, I will continue to be bearish. Getting some early volatility on Sydney open here into Wednesday's Fib retracements. ...

EURUSD

Really like what you said in bold. Can't say I'm strongly considering going long until I see a green daily candle, but before there is a reversal on the daily chart you will see a reversal on the 4hr chart. I'm prepared to go long at higher prices ...

EURUSD

Bruce Lee said that. video The water is flowing down at the momentum. Anyone looking to long simply needs to wait till it starts flowing up again.

EURUSD

EURUSD not even going back to retrace any of Tuesday's daily candle. Sometimes a lack of retrace means the move is extended, but I don't believe that to be the case in this scenario. Best case for scenario for longs is it drops in a straight line ...

EURUSD

Daily/monthly bearish momentum continuing nicely. Not such an easy sell now as it was before Tuesday's European open, but can still be done. Whole lot of people watching to buy the bounce while those already long as just praying there is one. Next ...

EURUSD

Looks weak. 4hr chart has consolidated well. I suspect a bigger drop in next 3.5 hours. No follow through on last Thursday's "reversal" candle. The monthly bearish engulfing candle's momentum taking back over.

EURUSD

Monthly, weekly, and daily timeframes are all red which is why I'm short. Looking for 1.3550 within next 24 hours. 1.3623 buy stop. Retail traders also biased long this pair. url

EURUSD

Is 71.6 a typo? I've seen 76.4 and 78.6 used, but not 71.6. Regardless, traders have different methods and different experiences in the market. As a momentum trader, I really prefer price not to retrace more than 50% of the previous day. Generally, ...

USD/JPY Discussion

lol nah, just haven't been focusing much on FX as U.S. equities have been trending much better (at least compared to U/J and FX in general). What is weird about U/J right now is that USD is showing a lot of strength as EURUSD looks weak, AUDUSD ...

USD/JPY Discussion

Here is the chart from above post:

USD/JPY Discussion

Last hour was formed an interesting 1h pinbar off the 61.8% Fib of Tuesday's range. Buyers shouldn't allow price to move past 101.88 on Wednesday.

USD/JPY Discussion

Wow, that was a nasty sweep-out yesterday around this time. Wishing I was still in, but not going to force another entry.

USD/JPY Discussion

Taken out at breakeven. Damn Yellen.

USD/JPY Discussion

The run up I would attribute to market players just moving money around ahead of a new month. Simple as that.

USD/JPY Discussion

Just took a long on U/J. First time I've traded the pair in a while. I like Friday's daily candle and last week's weekly candle. Monthly candles are closing up in less than 24 hours. I've got a loose stop at 102.33.

USD/JPY Discussion

Good morning everyone. Looks like a nice response overnight from U/J bulls. Poked just past yesterday's low at 100.77 and trading up. No need to be in a rush to buy this pair. I'm waiting until U.S. close to see if it can close above 101.40. If it ...

USD/JPY Discussion

Pretty textbook technical setup playing out. Price action always clearer around the close and open of monthly candles. forexings - Anyone looking to buy U/J should wait until just before the NFP release, not 8 hours before. Would also be a more ...

USD/JPY Discussion

No real news to keep the pair up would be the other side of that coin. I'm just following the tea leaves in the chart.

USD/JPY Discussion