Triple Top forming in EUR/USD?

Not sure if this is a triple top, all I know I was stopped out short on my double top call earlier :(

Good luck all on this trade. I am flat EUR.
 
I'm looking at a 15 min chart. Anything less than that gets silly. Unless you're referring to the proverbial "dead cat bounce". A bounce to me would have been something to challenge 1.58.
 
OK. I trade off of tick charts, trading all the swings both directions. The longer term charts for me are there to verify levels, etc.

Long again at .5740 and out at .5752 on a nice little .786 ret of the 5730 bottom. This set up happens all the time in the E/U if you're a short term trader.
 
Quote from bugscoe:

OK. I trade off of tick charts, trading all the swings both directions. The longer term charts for me are there to verify levels, etc.

Long again at .5740 and out at .5752 on a nice little .786 ret of the 5730 bottom. This set up happens all the time in the E/U if you're a short term trader.
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You're trying to catch a falling knife, and adding to that position. Not sure that's wise.
 
Quote from Ivanovich:

You're trying to catch a falling knife, and adding to that position. Not sure that's wise.
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Not sure I understand. It was a one position trade which netted 12 pips. It's simple swing trading and if you're nimble and know your levels, the knife is very dull.

I missed the trade down but took another long at .5728 for another quick profit of 9 pips on 2/3 of my trade. Will hold on until just before B/E.
 
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