USD index

[Piptaker]

Yep your right, i don't trade with an opinion because that will just keep you holding on to bad positions and your just guessing , I trade specific set ups with an expectation which is extremely important and so the direction actually doesn't matter , I'll try and explain it better in this euro chart to follow

 

[Cswim63]

What happens usually is I notice the weakness or strength then I wait for one of my patterns. Simplest one is flag. There's cup with handle, ascending triangle, and 123 on a flat top . Reverse obviously works on them as well.

 

[Piptaker]

What happens usually is I notice the weakness or strength.

spot on, you have to have a handle on the order flow

 

[Piptaker]

 

[Cswim63]

Yes

 

[Cswim63]

Possible 123 setup in the Aussie short at .76 if it gets back there. I probably won't take it this session. Maybe London.

 

[Piptaker]

No trades from me this session either

 

[Cswim63]

Just watching them fall. Third low broken in Aussie. Gold had a nice fall. I'd sell a retracement back towards 1340.

 

[Piptaker]

yes gold's into quite a bit of structure now on the 1hr which it might have a hard time getting through

 

[Cswim63]

Long USD/JPY at .61. Small size