[Cory2679]

Originally Posted by thalestrader »

Any one see a potential long there as well?

Just asking.

Best Wishes,

Thales

I see maybe a shorter-term long and a longer-term long. If the price can break to higher highs, the trend may have further to go.

I'd honestly probably be more weary of the shorter-term long than the longer-term. Just my feeling.

Looks like the market can't decide what it wants to do...fairly idle for a little while now.

EDIT!! - The blue line on the second chart would not necessarily be my entry. It was just to indicate what I was looking for a break of.

[BlowFish]

Originally Posted by thalestrader »

Any one see a potential long there as well?

If you buy into the idea that resistance becomes support when broken (which we all do right?) then isn't there always a potential long lurking wherever there is a short? (hope that doesn't sound facetious it's not meant to).

Actually Im not liking much at all right now. Mind you I have watched things going nowhere for the last 8 hours or so. Lethargic price action has one of two effects on me...it either sends me to sleep or I end up forcing trades that don't exist. Fortunately it was the former today (literally!) Of course I'm likely to miss out on a good move as explosive moves often come out of sideways action. Dax did have a quite nice move whilst I was dozing.

[thalestrader]

Nothing strikes me as particularly clear and attractive at the moment. A lot of consolidation at the day's extremes has me leaning toward lower USD, lower Yen, higher everything else.

Best Wishes,

Thales

[johnjohn1hew]

Originally Posted by thalestrader »

Nothing strikes me as particularly clear and attractive at the moment. A lot of consolidation at the day's extremes has me leaning toward lower USD, lower Yen, higher everything else.

Best Wishes,

Thales

The long EURJPY trade that i am in right now is at the HOD, but there is no force to the break up...so my stop is tight. I guess no one (right now) wants to see it go higher.

Edit: Just exited. Didn't like the trade form the beginning. Would have wanted momentum on the break, but nothing came in. The 5 min was forming top like action and the 1 min. was dead. I got around 11 pips in total.

[thalestrader]

Originally Posted by johnjohn1hew »

EURJPY setting up a long...

Well there you go ...

[johnjohn1hew]

Originally Posted by thalestrader »

Well there you go ...

Maybe out to early...but i still got out. No momentum on the break up = not for me.

[Gabe2004]

Originally Posted by Gabe2004 »

Potential GU Short.

Gabe

We have lift off (inverse )

Gabe

[johnjohn1hew]

Originally Posted by Gabe2004 »

We have lift off (inverse )

Gabe

The 1 min. appears to be finding resistance, but i want to see the trend line broken first before i look for a short opportunity.