Who wins?

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Maybe it's the bears that are slumbering. There is a war being fought and the 1.3 level is the prize 5M bounced nicely off the 200

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Persistant little devils are those bulls. It's like the 1.30 is a magnet this week - keeps pullin them in. I'm triggered in BTW

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John - thank you

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Silat - yes I would take the trade. Gartley patterns (some) are actually failed ABCD patterns in some capacity (breaks one of the rules for a valid ABCD). If my indicators would have all lined up to take that fractal trade - you bet your butt I take ...

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Wonder if the Euro can handle any more negative economic news releases - we'll find out in 3 minutes one way or the other

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My sell stop is still in place incidentally. I am watching the 1.30 level and contemplating moving it up.

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Here's an example of an up fractal that I chose to ignore (a buy signal). While it is the first fractal outside the mouth, there were 3 other reasons I didn't take it: 1. The AO divergence 2. The RSI reading 3. The failure to break 1.30 My quandry ...

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Dendio - Lima Charlie! I banned them both. Thank you by the way

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Very interesting. The spike did nothing to the AO other than exentuate the divergence. The question now is, has 1.30 been broken?

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Okay what gnarly pips was saying I want to ask you to completely ignore. Sure there is an indepth view and knowledge of such things. But I am assuming that there will be some level of effort on your part to learn what I don't have time to teach you, ...

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ok kids - this is the LAST time I am going to say this. Speculate all you want but the intention of this thread to create a learning environment, not one that introduces doubt into peoples mind that are here to learn. one more post to this nature ...

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While I do concur with your premise here - I think some level of self education is very important - which is what I am hoping to accomplish. I want a thread that is de-void of these types of posts and encourage posts that enduce "awareness" that one ...

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Will be interesting how the latest candle finishes

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Should stand to reason that price pushes off the 1.30 level due to the news release. Sometimes the exact opposite can and does happen 10:00am EUR German Retail Sales m/m -2.8% -0.3% 0.5%

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Sure thing. Does this show it to you? The AO is remaining low (even now with the recent spike) while price forms new highs

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Ok so near miss for me and a pefect example of trading carefully. This is also why negative news release doesn't always have the desired effect on it's nation currency. Is this a spike as a result of emotion? Now we wait

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Sell stop set: 1.29918 while I was typing I had not set the stop and almost got triggered in. Let's test this premise!

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ok - off my soapbox - onto the 1H. The current candle (0600 GMT) pushed through 1.30 and as has been the trend was rejected. take a look at the AO and see again the divergence between the oscillator and price. Depending on the shape of the candle, I ...

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Download, read and absorb the attached material. It's a bit more complex than my "Pointy end" analogy, but provides you the rules for the ABCD and butterfly patterns. I highly recommend printing these documents and reading them in the morning over ...

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