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Currencies started to move, let's hope this is it

Great post earlier on, even though I am not on par with your intellectual level I do have a very similar point of view, basically cycles persist & history repeats itself. Problem is that nowadays there are way too many nukes about to start from scratch, oh boy.

Looks like reward will come to the patient ones :)

Target? Stop?

I dunno... Daily USD/CHF looks amazing for a nice bounce ImPO

LC, check out Daily USD/CHF, technically this has to fly now

Busted as price closed 44.60 Call will resume when 41 support is breached. Bye for now :)

USD index looks likely to bounce outside the channel ImPO. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2642836>

Could be pretty quick, I doubt it would stall here, few weeks at the most. If you want a number then perhaps 3-5 weeks maybe, I don't know really, just guessing.

Nothing is strictly true because everything is a personal matter, but it is a fact pretty much that many fail because they don't have a correct exit methodology. They see green & close, know what I mean? I am trying to hunt down EUR at the moment, expected reward seems to be around 1000 pips...

It will vary, depending on YOUR money management strategy. Some go for stops outside range, some are ready to lose small but multiple times. What matters most is where you see price heading to. If you see a 100 pip travel, then you can lose 9-10 times and come out break even providing your stop...

Targets must be multiple times stop loss, otherwise you will find it almost impossible even to break even.

If it gets to low 1.4s, then I get 1:9. Sweet! TY!

Hold that thought for a sec... Lovely! :) P.S. Where do you see target if it breaks LC (swing-position)?

LC, looks like a failure in EUR so far, 3rd lower Hi. Still at TL though. I am on my second short now. If TL folds 23.6% is 1.4440 zone

Getting close to daily bar closure above 44.50. On its last legs at the moment. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2642220>

Frustration comes from people's inability to understand that targets are more important than entries. Take a short term ES trader that has 2 point stops & 2 point targets. No way can he survive with a 50/50 expectancy. Why look for an edge if: a) an edge is so difficult to establish b)...

It would be great to know that, most important to be able to control 50/50 scenario. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2641569>

Tricky one, sure is a patience tester. Weekly looks very extended. Daily chart points to a possible breakout, perhaps a headfake. ImPO one can short all Daily bearish hammers & have stops few pips above bar's Hi. Reward will offset losses.

$1000 has become support, its breach will signal end of bull phase ImPO