DislikedI'm still short this pair. Down 60 pips, but I am curious about it, so will keep it.Ignored
Based upon the Monthly chart using the Reflex Pincer Method (just made that one up
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
They'll pull the rug out from under this, soon enough.
![](https://resources.faireconomy.media/images/emojis/64/1f923.png?v=15.1)
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DislikedI'm still short this pair. Down 60 pips, but I am curious about it, so will keep it.Ignored
DislikedThey say it's a zero sum game. Do you see it going up to the next resistence level, I have marked around 1.4180?Ignored
DislikedTraded commodities and futures for years and yes...that is a zero sum game. Have never really understood if the 4x market is a zero sum outcome though. When you consider all the banks and what not that trade 4x to insure their interest rates...?
I'm looking at the 3925 level, not sure the asian session can nudge it up to 4180. Perhaps, but they need to get started if they are going to pull that off. I really didn't want to see it go below the 3839 level...where it's at right now, next support is around 3825. Have a total exit plan in place at...Ignored
DislikedI think you will be ok, LG.
Based upon the Monthly chart using the Reflex Pincer Method (just made that one up), the PPMs (Professional Price Manipulators, for those of you that don't know) are still trying to Flea Market off their long holdings since their last pump up for a breakout failed miserably.
They'll pull the rug out from under this, soon enough.Ignored
DislikedIf price doesnt drop like a rock soon, I would agree that the level you plotted would be reached. In saying that, I just closed my short EU from 1.3850 for +12.2. We will need it to break this top weekly channel first as it seems like a strong one, before reaching your plotted resistance (in my opinion)Ignored
DislikedSorry, may be getting a little off topic here.. but any trading the EU small trading range? +10 and +12 taking two shorts between this ~18pip range.. May be just about to pop as it seems to be picking up momentum, in that case keep an eye out for a breakout
edit: Ahhh I think i know why the images I'm posting are shitty quality.. the max dimensions allowed is 1500x1500... mine are bigger because of my screen so FF reduces the dimensions and image quality..Ignored
DislikedSorry, may be getting a little off topic here.. but any trading the EU small trading range? +10 and +12 taking two shorts between this ~18pip range.. May be just about to pop as it seems to be picking up momentum, in that case keep an eye out for a breakout
edit: Ahhh I think i know why the images I'm posting are shitty quality.. the max dimensions allowed is 1500x1500... mine are bigger because of my screen so FF reduces the dimensions and image quality..Ignored
DislikedWe have already been thru the W and D charts on this. H4 looks to be setting up for the short. Headlines indicate nothing of high impact anytime soon, but a medium impact release comes within 3 hours, and another within 8. Based on this, why would the market movers make an earlier move down? Most likely, they won't. They'll use the intervening time to shed longs and soak up shorts. But on the H4 chart, that is only a couple of blips away. The current candle is fresh. It might not be until the end of the next H4 that we begin, in the early part of...Ignored
DislikedI wonder were he got these fancy indicators with the news and stuff![]()
fxtsun
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"Chance favours the prepared mind" - Louis PasteurIgnored
DislikedI know we get restless waiting for set-ups. That's one reason I like the H1 breakout, seems faster, whether it is or not. This is a difficult market week to date. I don't think many positive pips have been posted thus far.
Aren't you up over 70 pips on EURUSD? Keeping pips, I have found, is the hardest thing about this business.Ignored