EUR/USD & GBP/USD & AUD/USD Forex Trading

Bit insane to go long after a smooth 250 pip move up, just below the medium term top (from June 30) in my opinion. Looks like you picked today's high perfectly too. But what do i know, i do not trade this pair usually.
 
Quote from Pippi436:

Bit insane to go long after a smooth 250 pip move up, just below the medium term top (from June 30) in my opinion. Looks like you picked today's high perfectly too. But what do i know, i do not trade this pair usually.
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yea, right now, I do not think it was the best decision...I am currently -24 pips in the whole and holding over the weekend...not as bad as I thought it might be at this time...what cross do you usually trade?
 
EURUSD is going to 1.4331.. It tried to do it last week, but it hasn't been able to break that hurdle. Heavy resistance around $1.4331-$1.4346 expected.

Cable seems to be in a *potential* head-shoulders pattern. who knows. I would back-off until things stop getting skittish.
 
I got:
EUR/USD
GBP/USD
USD/CHF
on my trading screen now for weekend research...will not 'ride' my GBP/USD position long after market opens Sunday evening...
 
Quote from sakhter:

EURUSD is going to 1.4331.. It tried to do it last week, but it hasn't been able to break that hurdle. Heavy resistance around $1.4331-$1.4346 expected
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is that because you are noting the June 3rd EUR/USD high and retrace of that high?
 
Quote from increasenow:

is that because you are noting the June 3rd EUR/USD high and retrace of that high?
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I was not even aware of the June 3rd retrace. My set-ups showed me that 3 major levels of support were broken.. the first was around 1.4104, then around 1.4155 and lastly 1.4213.. the next one is 1.4331 and the one after that is 1.4346, and then the low 1.46's..

The market didn't like euro being <1.4104.. as the next the level below that was down to the high 1.38's. the market wasn't ready to range that low. U.S. data has to be doing bad for euro to do good. GDP numbers helped euro range through all intermediate term support/resistance levels.. which were pretty "tightly" stacked levels.. very high probability. The 'next' tight area is
$1.4331-$1.4346.

I have a buy-stop, 5 lot @$1.4331, T/P $1.4346, S/L $1.4310. Short ranges such as these are rare. And will, 95% of the time, cause price to spike through intermediate gaps.
 
Quote from sakhter:

I was not even aware of the June 3rd retrace. My set-ups showed me that 3 major levels of support were broken.. the first was around 1.4104, then around 1.4155 and lastly 1.4213.. the next one is 1.4331 and the one after that is 1.4346, and then the low 1.46's..

The market didn't like euro being <1.4104.. as the next the level below that was down to the high 1.38's. the market wasn't ready to range that low. U.S. data has to be doing bad for euro to do good. GDP numbers helped euro range through all intermediate term support/resistance levels.. which were pretty "tightly" stacked levels.. very high probability. The 'next' tight area is
$1.4331-$1.4346.

I have a buy-stop, 5 lot @$1.4331, T/P $1.4346, S/L $1.4310. Short ranges such as these are rare. And will, 95% of the time, cause price to spike through intermediate gaps.
More...
that B some good insight...hope others view this post...good stuff
 
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