Thanks for the post RC. We'll see what next week brings us.

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In frustration with the on-going chat discussion regarding 5min descending triangles and trades, that even in my first days of trading would have made NO sense, I'm reposting this (excellent IMO) post. Shooting from the hip & lack of visuals. ...

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EUR/USD short op coming at 1.403-1.406 — I don't want this to move any higher as I'm downtrending with a small position but if we do, I'm ready for an S&R bounce around 1.403-1.406. 50% fib from June 3 highs to June 15 lows. image

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Excellent post

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Both look like great levels, not sure how I didn't see the G/U earlier. Nice fib agreement. Have a good weekend guys, I'm looking forward to Sunday/Monday.

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GBP/USD 1.6665 — Something that I'm keeping an eye on...would be nice to see it today or perhaps tonight during the UK session for a sell. Anyone else? Why or why not? etc... image

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Hey there Siam, Just getting settled in, day job starting now. I'm waiting for a breakout on the EUR/USD...may be on going right now. Other than my lower EUR/USD level of 1.38, I'm not watching anything. Yourself?

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Looks like a nice setup and with such a large reaction last time, you could almost count on there being some sort of bounce this time around. Nice trade Hwd.

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Watching EUR/USD 1.38 — Looking for another bounce around previous support and 38% fib. image

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One of the best journals I've read on the net. Great work and your sharing of such is invaluable to others. Thank you

StewartR - I want my trading to be boring.

Thanks for the feedback Siam & RC. Game time.

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EUR/USD: image USD/CHF: image Thoughts anyone?

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Upcoming levels, I have my eye on 1.4055-1.4070 EUR/USD for shorts and 1.3720 for longs. USD/CHF, watching for shorts around 1.115. Will edit with charts later today.

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I'm leaving this alone. The 75 point reaction off an hour line was nice but I'd like to see a stronger level or bigger initial bounce before double dipping. Good luck!

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I took it for a few points, thanks for the heads up Jack. I've had my head buried in the EUR/USD too much to look around lately.

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EUR/USD, quick bounce off 1.41 — Anyone watching for a quick scalp/bounce off 1.41? 1.40-1.405 is my preferred price point but I believe 1.41 should give up a few points.

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Looking ahead, AUD/USD .85... — ...still a ways out but I've placed my call alerts to check it out as we get closer. image

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I like that 1.4365 range, dates back to weekly Jan 08 support, December 08 resistance high (as you pointed out).

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Watching the EUR/USD for longs 1.40-1.4045 range — image Thoughts? 50% fib of the recent leg up. Shorter term price but a way to stay with the trend & play the S&R.

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+1, I'd also like to hear some input on this...

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