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)
6E has been moving roughly sideways for the past week. Wednesday's rally turned into a show of weakness as a breakout over 1.2500 failed to turn up any follow-through. Small consolation for bulls is the turn up of support at 2420, by the hair of their chinny chin chin. This level has now been challenged several times and right now the pressure appears to my eye to be on the down side. Though my overall bias is neutral given the technically range-bound price action, I will be looking to sell any rally until some sign of renewed demand over 2500. It may be that we simply need to test 2375 again in order to find that renewed demand. Or it may be that over the next week or so the market needs to go back into the 2250 - 2350 range before taking another shot at ending the current pullback. Of course, the market may surprise us today and just bounce its way to the top of the current range, or simply maintain its noncommital sideways march, which could make for somewhat difficult trading.
Great day on the London session, market was pretty easy to read and I took advantage as best I could. Bailed out on what would have ended up being a huge winner (DOH!) but I'm not complaining. Nailed my best trade sequence and my best trading day ever. +98t
Wish I could stay awake for the US session, feeling the mojo, but absolutely beat and need sleep. Got a big job out in the shop... when I finally do wake up, I gotta get out there and bust ass. Good trading to you guys. Zzzzzzz.....
your welcome
