I know what you are saying. There comes a point when you just dont want to risk that much. You are satisfied with making 0.10%-0.20% a day even because its still a lot of money (maybe not a large % but a large daily profit, enough to live on and ...

EURUSD

I think we are going to be ranging for a while, maybe another move down to 2342/2330 or daily pivot at 2315 (which is also 38.2 fib of 2745 to 2040) but might not be until NY if we do get it.

EURUSD

No it's not too difficult. 70 pips isn't that hard. A lot of the best traders get at least 150-200 a day ( I do not my goal is only 50-100) Scalping + swing trades its very doable. Then position trades too of course as thats the bread and butter of ...

EURUSD

Closed at 56 +20 (5m bollinger band top to bottom)

EurAnalysis

1hr starting to fail but still 30 mins until close. I did take a scalp short at 76 stop at BE now

EurAnalysis

30m Morning Star invalid (still chance for a 1hr morning star next close however) This doesn't mean it wont turn bullish though.

EurAnalysis

Possible morning star on E/U 30m if we close in 2375 area I almost said "what the hell its just 10 pips" and took some profit at 2345. Oh well, all or nothing now

EurAnalysis

Morning Swissy. 2342 is 100 pip from watermark highs , was targetting 2330 area If we see that extended I can see a test of daily pivot happening. Below that I got 2280/90

EurAnalysis

Wow who would have guessed??? Great, simple chart that tells the whole story I am targeting 2330/35 today and I WILL take some profit (hopefully 2342 wasn't the bottom or i missed it) Two different brokers I use show two very different 4hr candles ...

EurAnalysis

Yes this low from Draghi Event is the lifetime 50 fib. I have small short floating from 1.2382 I have limits at 1.2410s/20s with stops above 2440s and at 2480s/90s stops above 2750s, more sell limits at 2570s and 2680s and 2730s with stops above ...

EurAnalysis

Let's quit the petty arguments and get focused here. I think CMs articles are great, my only complaint is the length, you could just post the title and one or two paragraphs and the link and I think that would be perfect. E/U Daily and E/U 4HR - ...

EurAnalysis

Euro vs Aussie Monthly Jan 1999 - August 2012 Parity is completely possible in this pair before any major retracement. 1.15 AUDUSD and 1.15 EURUSD anyone? I do have caution shorting into this channel though, as well as monthly bollinger band. Edit: ...

EUR/AUD

New to FF, not to FX. Just a chart. I shorted 105.30 and banked it but at the moment seems to be no mans land to me. 106.75 is about where the down trend is. I will scale in some shorts near there. AUD/USD Monthly May 1997-August 2012 AUD/USD Daily ...

AUD/USD

2 more charts Those fibs are like magnets E/U monthly 97-2012 E/U 4HR Mid May to Present

EurAnalysis

Well, I'm home. Great two week vacation, now its time work my ass off until Winter holidays After creating this monthly chart it put it all in perspective for me. This pair is still very, very bearish, but historically these exhaustion bands have ...

EurAnalysis

CurrencyMan that was a great read by Jim Willie, he isn't afraid to tell it how it is. Thanks for posting it. Couldn't help myself, had to post a weekly chart as the pair seems to want to test much higher. Or it was just a bull trap followed by a ...

EurAnalysis

Thanks for the encouragement everyone. Looks like there is some opportunity for NZD/USD. This thing is overbought and running into heavy structure and primary down trendline. Although if it breaks out it looks like it may want to test 88. But first ...

EurAnalysis

Take care all, see you next week. Hope everyone is doing okay

EurAnalysis

With that much down pressure technically speaking I shouldn't have had to take that much profit until an actual support area. What we got was short covering based on jobs and thats it. So apparently the situation in the U.S. is worse than the EZ ...

EurAnalysis

I did take a 1/3, it wasn't enough to cover this much up move. Even my highest short is at BE now. Edit: I guess that weekly bullish divergence doesn't help the E/U down pressure. I just thought fundamentals would override it. Thinking that 1.2650s ...

EurAnalysis