A chart pattern view — The uptrend from mid-July has led to this: image The neckline has contained price twice now... if this H+S follows the textbook, approximate target is 2200. If the neckline contains further up moves today, it will have ...

EURUSD

What is your preference as a measure of momentum?

EURUSD

I agree with you that it looks like it's going down (double top, "rolling over", over bought, and number of technical reasons), but the idea of a trap is to get people to do what looks right - but isn't. So if it looks right to go short, then it ...

EURUSD

Why do you say it looks like a bull trap?

EURUSD

Still don't get it... do you? — I will not argue with you. I will not have the last word. I don't want the last because I want the discussion to end here. The only way I can make it end is to let YOU have the last word. I will not respond to ...

EURUSD

YOU. DON'T. GET. IT. — It's about crazy-making. It's about arguing for the sake of arguing. It's about acting like a horse's ass and then trying to justify it. Get lost.

EURUSD

Let me introduce you to Mr Crazymaker — Before this morphs into a monstrosity like it did on Oanda... Go here ----> url and enter Riskarb. You'll get a small sample of what's in store. If only you could get at some of the threads from a ...

EURUSD

I'm drivin into town for provisions now...

EURUSD

Oh! DUH! My bad... you're counting a downward impulse. Yes. It's about ready to bounce off a recently respected downtrend line from 1940 EST on Monday (assuming it does) or bounce off 75 which it's been doing a lot. But, if it goes through, that ...

EURUSD

Agreed! I like the added comment: "Your SL is vulnerable though." You should definitely be willing to take a bigger loss given the risk/reward. Maybe move stop to 2405 (just above R1). E/U has been respecting pivots lately.

EURUSD

Yes. That oughta bring in some short term bears!

EURUSD

Are you assuming that wave 1 began last Friday?

EURUSD

This issue of accurate Pivots comes up frequently. If you have a FXCM acct (a demo would work I suppose) or can get their feed, you will find that Pivots derived from their data stream are extremely accurate. I don't know what is special about them, ...

EURUSD

I can see that you are serious.

EURUSD

You can never tell when this guy is serious! Never.

EURUSD

I agree with that last bit about mean reversion in general. But Friday was different: everyone kept asking "why is it going up?" (I was watching the forums) -- that is a situation that causes bears to become trapped. They go short for the (stupid) ...

EURUSD

The people and the government are not the same thing. (sadly)

EURUSD

Central bank intervention? The idea of direct central bank intervention in a particular currency pair is interesting... I wouldn't have expected it but for something Draghi said last week. He said: "don't short the euro". He didn't say don't "sell ...

EURUSD

Ok, I will say just this: governments all over the world are desperate for more cash to squander ...anywhere they can find it. ...last word.

EURUSD

My answer would have to be: you've got to think about it for a minute.

EURUSD