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Weekly wrap-ups are now posted on the blog. FX4

Hello again, Here is EU at the moment...in a place of decision. You can decide for price or wait for price to tell you . News to come. All the best, FX4

EU has been falling. Having to break through an area of support to go farther...if that's that plan. FX4Newbies

Hello Traders, The bears have been trying to knock this one (EU) down for about four hours only to wake up some bulls who pushed the price back up...though not all the way. The war is on. Bernanke to testify later this morning. Alot could change. Take care, FX4Newbies

Hello Traders, Here is an updated EU chart. Price could be looking to fall again but showing some upward strength. Beware as price took out some lows, then took out some highs: a mixed message. Was the low at a P5? Could it be trying to go higher? Hmm... Just another thought to add to the...

Thanks Kapital for the clarity. Have to be out today. Good trading to you all. Looks like there is room to fall further...another scenic route? FX4Newbies

Hello Traders, Just letting you know that the Weekly Wrap-Up Charts are now available on the blog. Enjoy the rest of your weekend. FX4Newbies

Well... Price did take the scenic route but ended lower. Two EU charts here...the continuation of the one posted earlier today and also the one from the blog on Saturday. Take care. Hope you were not washed and rinsed. FX4Newbies

Hello Traders, Below is the usual Eur-Usd chart. EU did fall and made the ML target of red fork. Now what? It is hanging at an internal Fib line waiting for news. It is a toss up, but with the force with which it blew through the ML it could end up lower...just don't know the scenic route...

There is a movie I suggest that every trader take a look at and internalize as much as possible. It is called K-19; The Widowmaker starring Harrison Ford and Liam Neeson. This movie is not about trading at all, BUT, if a trader views it with the market and its dynamics in mind from the very...

Hello Traders, Will resume the journal in about a couple of weeks or so. Have not been able to focus at all as I have too much on my plate at the moment. Most of my trades have been late or on an impulse, without proper analysis. Kept trying to trade but to no avail. I will keep the same...

Good Morning traders, Below is a simpler view of EU. Need to see a clear tell. Take care, FX4 P.S. Placed a "desperate" trade yesterday (EJ)...buying at Resistance? Unbelievable. The other was premature. Keepin' on though. There is a golden lining out there I know...

Price tried to make the teal ML target. Some may have thought it was far off. (Seems like I should have traded it huh, but I was asleep or otherwise occupied). Turned at WL intersection there. Looks like it is trying to go up again. Don't know how strong a move though. Will be on the hunt for...

Hello Traders, Price pushed beyond U-MLH of red fork and also cleared blue horizontal line (not by much though). Presently around a WL. Can teal U-MLH be a target? Something to consider as you prepare to trade. Let price do the talking as always. Like I said yesterday, hope we're not in for...

Here is what EU did thus far. WL, red U-MLH and former resistance overhead. But, maybe the bulls are back. Hopefully not alot of roll-around to come. Take care, FX4

Hello traders, This post is in response to a comment about the Performance Journal: I did make a comment about the journal in another setting and I will make the comment here as well. I will begin trading it this week. I spent almost all of Monday and Tuesday hunting for video conferencing...

Well EU seems to be showing some more weakness (second red arrow). Still hasn't given up the ghost...in a range at the moment. Geithner to speak and US news to come. Things could certainly change and give a tell. As always, trade what the market is telling you . Have to be out shortly. Trade...

I guess the world is watching... waiting to short EU. Showed some weakness (red arrow) but found buyers just underneath at the WL. Price is still trying to go up, but the sellers want to sell. So let's see how and when this will all play out . In the meantime, you may need to trade shorter TFs...

Good Morning all, EU appears to be still pushing upward. Potential resistance overhead. Just trade what you see. Take care, FX4Newbies

Hello again, Price did not make it to the ML of the "What-If" red, dashed fork as bullish sentiment kicked in. Kept the forks the same so you can see how price responded. Interesting how the fork lines played out. Note: One reason traders get stopped out...drawing a counter-trending fork and...