Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
There is nothing new. I think the chart does make it clear. Barbwire in a range with the risk of spikes.
My plan today:
Don't waste your time. Watch the market only if at the obvious levels and think about a trade at least twice.
Use that time gift to reread some lessons from Steenbarger's "The Daily Trading Coach"
The more I look at the Euro chart, the more I see weakness.
I would welcome the opportunity to trade the short side of a breakdown below the weekly low, and I think for starters the target would be the monthly low.
I agree. There is a divergence in my logic and what the market is doing right now too. But who cares?
The news are bearish. But on both sides EUR and USD.
I see the weakness more in what the EU is doing (or not doing) than in the chart.
The fact is that we will have a bigger move after the summit. Not so sure about direction.
That is the short term picture.
As you mentioned (in your next post) monthly low: When I look at daily and weekly charts, there I disagree with you. They do not look that bearish that we should go there. IMO this bigger picture goes to the upside.
