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Definitely agree. Previous days H/L (also opening and close/settlement prints in some markets) as well as swing highs/lows of time frames above 1H are very important for a day trader.

What kind of stress are you exactly talking about? Sometimes stress is an indicator that something is really wrong and needs to be fixed.

Sure, USD is still the main reserve currency of the world way ahead of the EUR in this field.

Your choice, but macro picture of major pairs is much easier to read, which surely adds some edge to TA based trading. AUD/USD is basically world commodities trade, EUR/USD is the game called "which turd stinks worse - EU or USA (lately EU leads without questions)" etc. :) And CHF/JPY... Hmm...

No risk - no edge, that's an axiom besides some rare arb opportunities (though even there risk exists, just probability of a loss is extremely small). :) I would say it's easier to simply trade the Euro baby outright. :D

Do it sometimes, when it looks really like an obvious level and context hints probable reversal too.

The problem is: risk profile of such synthetic position is the same as outright position of a corresponding pair. So you can actually do the same using just that (but that is not very safe risk management).

Get the decent track record at some signal provider site (there is a plenty of them now) and clients will come.

I agree. Clarity and quality are the keys. Sometimes it's just a thing of beauty, as was the case on Friday early European session. :) http://www.cornixforex.com/?p=147

ET is full of people who think TA "doesn't work" too. But to me that saying is like saying "hammer and screwdriver don't work". :p Just the tool. It's skills of the master are what makes the difference.

So the purpose is more flexible position management?

What is the reason for such synthetics when most pairs are available outright and in effect are absolutely the same (but spread is more actions and more commission)?

TA is the base of my approach to markets.

Humble and greedy. See no contradiction here. :D Humble is how you feel relative to others, greedy is the passion to make more profits.

From 0 (as was correctly noted by ronblack) to really many. Myself I use about 6 different time-frame charts to watch the Euro.

I use both, depending on context. If setup looks so good it must be taken no matter what, then market to not miss it. If it looks like I'd prefer to enter with the better R:R, then limit to catch the reaction.

Yup. Most who say very low win rate is fine, simply don't have experience of trading real significant money account and having losses after losses, seeing a drawdown of like 50% (or even more) and many other "cool" things. Or they would be looking for much smoother equity curve and more...

Well, I just asked this stupid question being "slightly" not American. :D Now seriously, probably there are some advantages in trading 1% winning rate system, but I really don't see any. Equity curve would look not too smooth, which I don't like.

What is the purpose of trading with 1% win rate? Does such a system provide better overall profit, than say 50% system? :)

Or have 99% win rate and still truly ugly, losing method. This extreme is much more dangerous, cause so many newbies fall in this trap of trying to avoid losses.