Lots of market movement this morning. Will want to let it settle then look for confirmation of direction. Some of you may have taken the added risk and jumped in. Always very tempting I know. Hope you got some pips. Remember, at all costs, preserve your emotional capital. Weekly chart set-ups this weekend. For those of you of may not yet have taken the poll on Pitchfork Goldmine, please do so. Thanks in advance. Take care, FX4Newbies
Well Traders, Might be a good day for those who enjoy scalping. Market could be thinner than usual so be careful if you decide to click. Take care, FX4Newbies
Hello Traders, EU made a quick pop up on Sunday then began its descent. Hit ML target of red fork which is also a WL area. Finding some support. Will have to see what tell the market will give us: which way or that...and when. For those who may be waiting to short this puppy, I see bullish sentiment on the longer time-frames ...just my view . When (or if at all)? Only time will tell. Take care and trade well, FX4Newbies
Hello again traders, EU ran up yesterday and made the ML target again. That Andrews' 80% rule seems to be working. At the moment, looking like it is finding support on a WL. Need to see a tell for sure as it could take off from here or hit the ML as resistance and keel over. Seeing mixed sentiment, so I will be watching for a confirmation, or maybe even another pair. Take care, FX4Newbies P.S. Hope many of you are not being affected too much by the new regulations from the C.F.T.C. Can be a distraction when trying to stay in your trading zone.
Well Traders, It was a scalping night. News to hit in a few. Will have to see if a weakening dollar will continue to give this pair a push up. Be patient and trade your plan. If your plan is to wait until the news drama plays out, then wait it out. FX4Newbies
Hello Traders, Lots of US news this morning, giving it a volatile start. Also had a very hectic day otherwise. Will be posting weekly set-ups late Saturday night. Take care and enjoy the weekend. FX4Newbies
Good Monday Morning Traders, Made some pips on Eur-Gbp...signal details on the blog, Pitchfork Goldmine. Hope those of you who signed up to receive the email made some pips . Eur-Usd at an interesting place. Seeing weakness long-term, though H4 showing some bullish sentiment. Looking like it wants to bounce. Drew in green, dash-dot "What-If" fork. Red ML above. Be very careful when and how you enter. Transition intersections can be hairy. Take care, FX4Newbies
Seems like there was a lot of choppiness across the board. Will sit back and be patient. When things are ready, they will say so . Our green "What-If" fork did not hold and price fell to other MLH. Approaching another intersection: look well before entering. Be careful, FX4Newbies
Had some internet connectivity issues yesterday. Should be able to post later this morning. FX4Newbies