I just need to come back and post something real quick to clarify my last post.

My final msg:
Quote Originally Posted by ;
Now's EURUSD market is a timeless pattern, it will start (8am GMT) above it's last close (5pm EST). In order for price to keep on going up it will need to find a bottom and examine it, so that traders can measure their risk. If/when it does this, we will very likely find a strong up trend day (nothing is 100% tho, trade at your own risk) supplied it sticks and tests above the high.
I left that call several hours ago. The chart details exactly occurred.

Anyhow, what we watched was a timeless pattern. Price had traveled abive the high. It came back to where it opened and found support, developing a nice point for traders to describe their risk.

At that point it traveled across a range before the US open, and shot up from that point. I've been the day up until now. Price just hit the weekly R1, which was my TP. Price might continue to visit R2, but it generally doesn't in one day. Regardless, I am happy w/ the consequences (200 pip days are never to be regretted, lol) and prepared to call it a day.

My point in all this is not to brag or anything so primitive, yet to punctuate my point sooner. If you understand the factors which drive the markets, and the patterns they produce, you can adjust your intra-day trading egy by making an edued guess. This tells you when to trade the break, or when to fade against the break.

These patterns are about 60% to 70% reliable and possess an average ROI of 2:1 (sometimes 3:1, possibly higher, if you get a fantastic ROI).