Will the US session make any difference? I can see that ADR has already been reached. How often could the fall go for so many pips?

EURUSD

Good job. I'm curious, how far did you put the SL for that short. Are you willing to long if it is exceeded?

EURUSD

Now the real test is whether the 61.8 fib resistence level of 1.4700 is broken. Then I could say, it is a free fall from there as the bears have clearly won! Any comments?

EURUSD

Well done. Hmm, unlike yesterday, the bulls are struggling to break the 1.4750 resistence for some reason. Does this signal that the bears are taking over from this session? What do you think? I don't rule out the breakout further down the 1.4735 ...

EURUSD

You could add at the 1.4735 support level perhaps. It will probably bounce, but I often wait for a convincing rebound to make sure, better miss a few pips than get whipped .

EURUSD

On a second thought, maybe the day's uptrend will resume and no downfall will be witnessed as the 50 fib resistance at 1.4775 appears to be solid and it's already Monday evening. Another opportunity for a long scalp from the 50 fib bounce perhaps. ...

EURUSD

What are the odds for a continued downspiral? After all, we're still not at the day's lows.

EURUSD

Who said trading couldn't be enjoyable, it hit my tp to the pip on the 50 fib! Hurray! , now will wait and see how things go

EURUSD

If it breaks the 4800 mark downwards convincingly, it would probably go all the way to the 50 fib at around 1.4775. I've got a good short and hope to make pips out of this move. Nonetheless, I'm using a trailing stop just in case

EURUSD

Do you also scalp ranges? I do that once in a while within consolidations, only if the market is quite (out of overlap trading hours). Also, do you use the H1 trendlines or daily to establish a trend?

EURUSD

I would have expected you to buy at that entry as it is just over the 38.2 fib level. I have set up a sell stop and buy stop around that fib level (20 pips apart), lets see! Good scalping all...

EURUSD

wild ride — It was a wild roller coaster ride today, but overall, I was in profit, thanks for taking shorts most of the time. Is the overall bullish trend continuing?

Cable Update (GBPUSD)

I'm not an American, but I congratulate all US citizens on the historic achievement of electing Obama. I also thank them for creating a wonderful rally today which helped me gain 100+ pips. I will go long as long as the YM is positive. All the best

EUR/JPY

Right on, I've been on this short wave for a while today and it's 55+ pips and counting with trailing stops strategically positioned near Support levels. I'm thinking of adding positions on every higher low, but one needs to fight greed and stop ...

EUR/JPY

I use MB Trading (with Ninja Trader) and an MT4 broker (WHC Trader 4) for charting purposes and they show tick and 1M data of the DJ and it is often extremely useful to have a useful edge for reversal and trend movements for the EJ. But as noted ...

EUR/JPY

Thanks for the response. Interesting to know that you trade the DJ and EJ together. I have noticed that sometimes when the EJ has a strong bias upwards, it only responds noticeably to upward swings on DJ while the downward drops of DJ don't have ...

EUR/JPY

YMZ8, ESZ8 and EURJPY — Hi all, Impressive results you are having there... congratulations. I just wanted to share with you a bit of my experience in trading this pair. Although I've only started trading it about 3 months ago, I must say I ...

EUR/JPY

Neurus PSAR EA — Yes, I did the attached EA although I changed a few parameters based on optimization. But the algorithm applies the Neurus PSAR strategy and I added an optional (only follow the trend) which could filter some false breakouts. ...

Neurus PSAR 1 hour system

Here's one explanation: http://forexfactory.com/showpost.php?p=1717782&postcount=2061 Notice how the Euro plummet took place just after the London session started. There may be merit in this explanation. Yet I'd love to follow up and confirm this ...

EURUSD