[forrestang]

Originally Posted by thalestrader »

EURJPY seems to be having some difficulty picking a direction:


One thing is nearly certain, however. It is not going to stay here, and its stay will not be long:


Best Wishes,

Thales

What do you think about this?

[patrader]

15m 6E chart

[patrader]

240m 6E chart

[thalestrader]

Originally Posted by forrestang »

What do you think about this?

I like it. But more importantly, what do you think?

Best Wishes,

Thales

[forrestang]

Originally Posted by thalestrader »

I like it. But more importantly, what do you think?

Best Wishes,

Thales

It's alright. Price had some nice impulsive moves down to this point, where the waves started to become tighter and smaller.

I suppose I do not like the big range down here of chop, but then again the swings an anticipated targets above reflect that.

I would like a swing that allows for a tighter stop though, instead of one that is 80 pips.

[thalestrader]

Current look at the daily US Dollar index - looks as though the Buck needs a day ro two of rest before making a real go at that upper trendline. Anything can happen, of course.

Best Wishes,

Thales

[thalestrader]

Current look at the GBPUSD ... good night folks ...


Best Wishes,

Thales

[Beachtrader]

Euro at the moment with an obvious breakout level. M5 shows a concerted failure to find interest below 1.4116 for the monent.





All the best
BT

Update: Triggered long and taking some flak!


Update: Didn't seem to be much appetite for the breakout so moved stop to under the level asap and stopped out.