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Pentothal, interesting observation. But I see something else on the chart , your completed wave 5-3 , that high point to me was a completed wave 5 , whereby wave 4 is the completed by the doji bar, I will post a chart if I get time as I do not think this will be clear enough. It seems possible...

To each his own, whatever works for you. If your personality yearns for daily fixes then its ok continue with it and make more money for yourself. My frustration was due to making a lot of pips and giving them back by the end of the week, and repeating the cycle the following week.. very...

Money-saving tip #563 for the 95% Club.....just don't trade, you'll save yourself a fortune! [/B] Lol!! Intraday trading in the FX market has been hard, very very hard for me! I do not do it anymore I now do 2-5 day trades, less stress and more money

No, Waiting is better, I'd rather be on the sideline wishing I was in than to be in wishing I was on the sideline

Its time to fold until a good setup is seen on this pair. My trade for now is to sit and wait. It'll probably be 2-3 days of sitting and waiting, lets see what happens.

usdoutlaw, price never reached my short order hehehe! So I was not activated but I will still leave the order, if it does get activated then we are looking at a huge sell off to the 0.85-0.87 level. This isn't a reversal to me until the 0.9420 level is breached to the upside

never attched charts b4 lets see if it works

Well still waiting , new home sales came out better than expected so decided to sit still and keep myy itchy fingers at bay, Well thers is a battle of patterns on the weekly timeframe, which one is going to win at the end is anyone's guess. The previous week was a bearish engulfing bar and this...

I tend to agree with Martinghoul that GBP always overshoots but one needs to be very careful if a fade is considered, my long term outlook is for EURGBP to weaken, in times like this I carefully watch it to see of I can get a sweet spot to enter. I will wai tfor retail sales during NY session ...

usdoutlaw, don't beat yourself up it was just a small oversight. This pair is lining up nicely for a short, 0.8987 one lot order will be left in until next week, will stalk this pair for a short during NY session

Welcome back to the world of the living!

Very nice! I tend to think that one needs to be patient with this pair as you have done. Well one needs to practice patience all the time when it comes to the market to earn 100+ pips within few days. I always anticipate the market to test my patience once I have entered, a 0.9000 level bounced...

Got big respect for you USDoutlaw and all the other intra-day traders I tried intra-day trading in FX and I couldn't make it work, I would accumulate a lot of pips early in the week BUT by the end of the wek I would have lost it all, the following week the same would happen it was just too...

what are those? Forex brokers?

I do not think its hard to trade without indicators,all you need to do is zoom out to weekly charts, and zoom in to daily charts and 4hr or 1hr. I actually think its much simpler than using indicators, using inidicators is hard!! I do not trade anything less than 4hr charts as I tend to look...

Bigpipn, I can hardly see where the price is on your chart, compounded by the fact that I am colour blind. I only have bar charts in my platform and Im doing just fine

All the best in your trade, I'm looking at 0.9150 on EURGBP to be cleared convincingly to go long otherwise my bias is to the short side, I take 1-5 day trades though, with 100-200 pip profit objective

Bailed out of EURGBP 150 points, done with trading for this week. Usdoutlaw, we can follow this pair from now if you're game? Im not an intraday trader though.

EURGBP out of it 150 points.... at one point I was up 200 points thats the nature of the game one has to lose money in order to make money lol!!

The UK consumer still feeling the pinch, retail sales got clobbered, waiting for a 4hr close on EURGBP to see if I should bail out or leave it, 2 minutes to go...