I'm looking at least for a double bottom or should I say triple bottom. If it breaks through, we could see a strong downside.

EURUSD

Since I trade more long term, most of my positions reflect a trend of retracement on the daily chart. The 50 SMA (yellow) has now flatlined creeping closer the the 200 SMA (white), although uptrending, is showing signs of flatlining as well. When ...

EURUSD

I agree with many that, well you just don't tell people what to do in the currency market. Say what you are doing and what positions you have what your justification is but don't embarrass yourself telling others what they need to do. Only novices ...

EURUSD

Most do not consider the tax cuts bad. In fact, without a tax cut the economy will continue to flounder as it did in the Obama years. No one in the US wants to go back to that as reflected in the stock market. There's going to be hiccups because of ...

EURUSD

I think you may have misunderstood my intentions. All I was suggesting was that, generally speaking, every trend will have a retrace, and based on that, it's possible to still make a profit. This was not a strategy but a quandry I found myself in ...

EURUSD

I highly don't recommend my strategy that resulted in a 150 pip loss but eventually it turned around and I not only recouped my 150 pips but made a profit. Like I said, I don't recommend it simply because you are committed long term and it can be ...

EURUSD

It is worth mentioning that the 200 SMA (white) on the 4 hour chart is in decline as well as the 50 SMA (yellow) has crossed over. When the daily chart reflects the same indicators, it would be fair to say the the EU is entering a downtrend. The 200 ...

EURUSD

Haven't been back to the world of speculation in a while. After I made my profit, I wanted to some time to reassess my situation. After the UA dropped 300+ pips and having broken the channel, it may be time to consider that this may be a turnaround ...

EURUSD

It certainly broke through the channel as I suspected. I am now waiting for an opportunity to short again. This time the strategy is to do a heavy short where I think it's peaked with a 2% SL. Once it has dropped, I'll do a break even SL and then ...

EURUSD

I agree. This is tiresome and adds to the confusion.

EURUSD

With four solid days down and a 300 pip drop, I decided to bail, Although I made a profit, it was not enough to justify the amount of time I was locked in ~2.5 months. Could have made this much in a day trade. I would consider this a collosal waste ...

EURUSD

The daily 200 SMA looks like it's starting to flatten which is a good sign for those looking for the beginnings of a downtrend. A little early though. If it gets down to the 1.1700's, I'll probably bail with my pips in the green.

Cable Update (GBPUSD)

It's the white bars and they seem rather obvious to me. I use this chart to see trends. I use other charts for positioning and exiting. This one has a channel which was my emphasis. I hope this clarifies.

EURUSD

This is where I'm the most vulnerable, I just got back to break even with a 300 pip drop. Being poorly positioned leads to that kind of thing. From the last upturn, the fibo would suggest a 50% retrace is around the 1.1600 area. Specifically since ...

EURUSD

This has been a long time coming... Finally the long awaited retracement is starting to form. As of now all my positions are in the green but I have gotten pretty beat up in the process. Got margined out many times--my natural stop loss-- (US is 25% ...

EURUSD

Ok ok, I use a few indicators as well. Technicals with a gut feel has been a good combo for me.

EURUSD

Usually Yellen doesn't affect the market. Good news for short. I hope this is the beginning...

EURUSD

Is this deep or am I getting played....

EURUSD

I trade by feel...

EURUSD

It's the central banks that has the money. Companies like Boeing yes can be an influence on a 30 billion order but retail players just go for the ride. ECB are keeping it at 1.20 for whatever reason and they can keep it there as long as they want. ...

EURUSD