Got lucky for 79 pips (two trades) in a few minutes (seconds??) on the rebound from the low. CRAZY price action. It's why I refuse to hold over the weekend. I'm sure there are lots of you that were short over weekend and did well. Congrats. At any ...

EURUSD

EURUSD support at 1.20 likely to break on release of European CPI figures in a few days. Something to keep an eye on. Could result in a big move downward.

Are support and resistance levels predetermined?

1.2040-50 a great place to make a trade with low risk/reward. If it holds, likely to retrace to 1.22 area. If not, we can go a lot lower on the technical break of long term resistance. Only thing that worries me is the potential for short squeeze ...

EURUSD

Check out profile Of trader ngdmnd. You can see his trade explorer EmoDTrading

It seems impossible to make money in the long run

Fundamentals say we are still in the beginning stages of a multi-year USD bull market, and technicals say we have the potential for a huge break to the upside for USD. Also, with SNB introducing negative deposit rates, it takes pressure of Swiss ...

EURUSD

Bounced of 117.48 and failed to rebound -- shorted at 117.59 targeting the break through 117.50 with target 115.xx. Stop already to break even (including spread and commissions). My kind of trade -- possibility of big gains with no possibility of a ...

EURUSD

Closed my short from Friday for small profit. Don't like price action. Didn't get much help from elections in Japan. Also, consensus is for slightly better news out of Europe from Buba and upcoming European PMIs. Great economic news out of US last ...

EURUSD

What happens if it breaks through resistance?

EURUSD

My crystal ball says that, intraday, Abe victory = rise in japanese stock market = rise in USD/JPY = drop in EUR/USD. At least during Asian markets. Then again, his victory was widely anticipated, so it could be a case of sell the news. But long ...

EURUSD

Agree with your technical assessment, although maybe we still have $1.20 as a bottom to this technical picture. However, the current overall trend is clear, and reversal strategies are low probability trades, so I just don't do it. Used to do it, ...

EURUSD

What is the most likely future direction of the market?

EURUSD

Market makers drove EURUSD up all week, chewing up the retail traders in the process. Now has hit 1.2480 resistance and we have a one hour shooting star and a 4 hour long legged doji and a several day old upper trendline being hit at 1.2480. And a ...

EURUSD

Agree. I'm loading up short here EURUSD. Good news for USD all week and all EURUSD did was go up. FOMC will take into account data from this week and should have a very dollar bullish statement next week. Should drop EURUSD down below 1.24 at least, ...

EURUSD

1.2473

EURUSD

Impressive lack of response to US sales numbers now and TLTRO earlier. I think this market wants to go up.

EURUSD

No, just for trades like this at the very top of the range I look for reversals and set very tight stops in case it breaks out. Usually leverage 5:1, at most 10:1.

USD/JPY Discussion

Hopefully! I went short at 118.962 and looking for 50 pips with a 10 pip stop

USD/JPY Discussion