Interesting. You must have a long-term insight into this. Unfortunately, my account size (around $12k) may not be big enough to take position trades like those. Salping and intraday/intraweek is good for me and that means not considering long-term ...

EURUSD

Great advice. Thanks indeed. I hope you do shed light on the trades that you take. After 5 years, those trades must be quite secure I must say. Good job staying afloat for so long. I am just in my second year and working on it

EURUSD

Indeed. High lot sizes is what destroyed my account once as I was reckless . It took a long time to pay my debts after the last margin call some time ago

EURUSD

I tend to agree that the long term uptrend is dominant. It's fundamental data that makes this clear, and so is the daily chart. But you never know, I've learned the hard way that you should never trust your 'expectations' in forex.

EURUSD

And lots of pips collected on the way down . Now I have a buy stop if it bounces from the 61.8 fib level. It's strong resistance by the way as it is also the bigger fib's 23.6

EURUSD

I'm curious then about how you evaluate the last two days on that standard.

EURUSD

The 1.4855 resistance level proved tougher than I thought. Bulls couldn't break it in the London session. I'm short on 1.4855 any way but I don't rule out going long if it breaks it.

EURUSD

It's having a tough time breaking the 1.4830 resistance. Could it bounce back?

EURUSD

What was the cause of this sudden collapse? News?

EURUSD

Wow, that was really an adranaline rush. Got a little over 100 pips by hedging positions up and down. What a thrill . Now I'm holding my SL for BE. Let's hope the bears take over!

EURUSD

Not even one pip over the 1.4845 level. It touched that pip level several times now. Amazing precision!

EURUSD

I'm a bit nervous as I have a sell position open and don't want any surprised from the Feds, so I'll wait to half an hour before the announcement and close it if needed.

EURUSD

Those stubborn bulls never get tired, do they?

EURUSD

There is a negative correlation in respect to the dollar, but I thought the EU was often the leader not the follower, or maybe there are deviations from this rule.

EURUSD

Anything above 1.4800 is good in my opinion. It's better to catch the downtrend late than never

EURUSD

So there seems to be a short-term downtrend (since Oct 26 ) within the long-term uptrend. If my analysis sticks, the USD may continue to drop today after having reached the 1.4800 Resistance (psychological) level just to maintain the short-term ...

EURUSD

That's correct if you are a position traders. But what about other intraday and intraweek traders?

EURUSD

Double bottom, is this a sign for a turnaround?

EURUSD

That's normal as the cable has more appetite for large swings on smaller timeframes. But rest assured, they are going along with their positive correlation, which makes me think if the downspiral today is Euro-driven or USD-driven.

EURUSD

Could the US session turn things around? From historical outlooks, do US traders jump the current Euro-Asian trend or turn it around?

EURUSD