There's nothing to understand imho, since the 1.4827 and 1.4801 swing points were violated. EURUSD is in pullback mode, starting a string of lower lows, lower highs... I'll wait for this pattern of LL-LH to be broken to get back in EURUSD longs.

EURUSD

Food for thoughts... Was already out of eurusd bull trend below 1.4827. Now I'll let the dust settle and will only take small intraday trades, nothing big and no swing trades before January 18, 2010... No need to fight, and hurt the account, will ...

fxswing - Trading notes, analysis and market thoughts

More downside and 1.4184 is really a possibility into the new year. Food for thoughts on a weekly chart...

EURUSD

Hello Xaron. Here is a quote of a message I sent you in the other thread "From 10k to 1 million..." in October 8. The uptrend in EURUSD daily/weekly is still there, but the trend bent and we're in a pullback mode. My previous message was about over ...

$5k to infinite

If we can stay above the 1.4627 break point, we could retrace up to the 1.4817-1.4844 zone. Notice how the weekly value traded below the monthly value. EURUSD will stay weak until it can trade above the weekly LVA 1.4682 and close above it.

fxswing - Trading notes, analysis and market thoughts

Depends on the time frame, you always need to indicate time frame when talking about trends. In the daily time frame, I would say that we are still in an uptrend but we stopped trending up, pulling back down. In the 4H and below time frame we're ...

EURUSD

Market isn't wiping trader's account!!! It's poor trading decisions that wipe accounts. It's not the same thing, there is no fatality... It's all about controlled loses. I could be summed up like this: He who loses best, wins

EURUSD

Because to form a new market structure high/low it takes at least 3 candles. Most of the top/lows are formed by the rejection of a 3 candle range where the 2nd one is often at the extreme, with the exception of 2 candles rejection called "a rail". ...

EURUSD

To switch contracts you have to sell/buy your position and buy/sell the new one. This increase the volatility. It's often when you see moves that are 100% retraced. So don't be surprised to see 100 or more pips moves being 100% retraced easily from ...

EURUSD

Another thing to keep on the radar... Yesterday was the switching day for lots of future contracts and that next week they will stop trading. (the December ones), this occur on the 2nd Thursday of December. So next Friday is quadruple witching day, ...

EURUSD

Another clue is to look at USDCHF quarterly chart... nice doji at 1.0347, let see if they can push higher, and prove their strength. Eurusd quarterly open is at 1.4654. 1.4586-1.4654 is probably an eurusd oversold zone, careful in there don't bet ...

EURUSD

To me we have violated the uptrend, no need to pray, hope or anything else it's an objective fact. But it's not implying that we're in a downtrend yet. Imho we entered neutral trend. Bulls would have to make a new high above 1.5145, to re-instate ...

EURUSD

Market magic in action. We retested the 2007 close / 2008 open today 1.4587 is a critical point, watch the potential gigantic bear trap there... What is clear is that the 1.3972-1.4587 should provide very strong support next year... Do you think ...

fxswing - Trading notes, analysis and market thoughts

Here we go.... EURUSD trend change alert !!! Market was able to take the important 1.4627 swing low. Now it will probably retrace, but uptrend can't be trusted ANYMORE, unless a new a high above 1.5145 is made invalidate that move. Probable ...

fxswing - Trading notes, analysis and market thoughts

I'm in year end light trading mode now. But I will try to find time to post some charts (probably on week-end). Will restart full trading activities and journal on January 2 2010

fxswing - Trading notes, analysis and market thoughts

Got longs ??? — Long position fully loaded... Trade executed as planned without second guessing. Time for the sitting on the hands, and waiting for the trade to develop, right or wrong...

EURUSD

No problem. Have a nice week-end.

EURUSD

Ok, I'm out of here, no need to waste mental energy with negative people. Most of you just can't handle the pressure, it's always the same when volatility kicks in... Have a great week-end all.

EURUSD

Did I name you ? So please stop the bird calling name game. I just don't care about you, so take it easy, please and stay polite...

EURUSD

It's always funny how people show big gains from trades they never called real time

EURUSD