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Here is a daily chart that I have used to make decisions. It is few days old but still accurate.

In my opinion, the use of trendlines is greatly "underutilized". I think most traders feel that something so simple can not possibly help them very much or more so that they have very little validity. I can not answer all your questions, only give examples of how I do it. Number one I do...

Dollar Index looking strong, but needs one more good push to keep it in the uptrend channel. I use this chart to help support and confirm positions in currencies. Hard to believe it re-entered the channel:confused:

I got short last night EURO FX at 1.2178. Stop at 1.2333. Target is 1.05 :p . The trendlines on the attached chart are drawn of the 1.3687 high at the end of Dec 04. If we get thru the 1.1900 area bottom then we should see significant downside. I am sure we will have a few false...

I am short the Swissy FX (USD Bullish). If the bottom that is nearby gives way. I will target the lower daily channel or beyond.

Insurers buy USD to pay claims. I am taking the dollar strength in these circumstances as a VERY USD bullish message. Especially, if there is not a lot of exodus at the close today.

I was long going into the annoucement and amost covered fearing the stops below 1.21 would be triggered as I slept. I hung in somehow. The buying that came in last night was incredible. I watch futures and at least get a glimpse of the order size. It was incredible, kind of like Desert Storm...

Anyone getting long Euro after today? Since the entire world is short how can price go down?:D

Not sure why the novel was posted above by novelposter.

I am Long Euro but only for a retrace to the top of the hourly trend channel and a fill of the gap. With that said, there is a strong case for a nice move up. If it weren't for all the divergent stuff on the dailies I would feel more comfortable. As usual there are a couple of views on...

Election: Exit Polls Suggest "Grand Coalition" Likely] Sydney, September 19: According to exit polls it appears that Merkel"s Christian Democrats will edge out the Schroeder led Social Democrats by a narrower than expected margin of 35.5% to 34%. With Merkel"s preferred partner...

Be really careful with this level. There was some big buying going on on Friday protecting the 1.22 level. If it truely is a breakdown here then the bear flag that has been developing will be confirmed as the bottom of the daily uptrend channel will have been violated substantially and a move...

Plus there are huge stops below 1.22 and things are headed that way anyway. I was short into the Friday close, but chickened out and covered my trade. Anybody know if there is any "confirmed" election news yet?

Still more downside to go. Once you see meaningful volume processed (lots of shares changing hands at bargain prices), then you will know the bounce may happen. Compare what has happened the last 2 times the 200/300 MA's have been touched and look at this time. It is different so far...not a lot...

I am in no way a fibo, elliott or gann person or anything. I really know nothing about this stuff. I am a price trader who does not predict......however:D ....... I like to play around with some of the tools on my platform and I have always tracked closing prices in various markets. This is...

I would also like to say that I am a bit fascinated with Mark Cook. Does anyone know more about his method. I have tried to read as much as I can thru the post you guys have made. He seems to be a counter trend trader which is surprising to me. He has certainly exploited the S&P's it seems. I...

It is a very dangerous science to try and predict the market. Better to trade what the market tells you. I will agree with anyone that the set up for a major turn is forming. It doesn't take any indicator to tell me this, however, I will let the price confirm my theory. Just look at debt...

Agree with this also. Need the final surge and it aint surged yet. If you think oil or real estate bubble can stop it, get short with a big stop. I am trading surge. Then will take a look at downside.

That is a good question. I do not have an answer

19:44 GMT Aug 12th] EUR/USD reached 1.2485, the 38.2% retracement of the 1.3480/1.1870 decline before stopping on a dime in London this morning. The buck inexplicably rallied strongly despite worse than expected US trade data with some blaming a massive trade error by a high profile hedge...