The notion of going long US$ (and looking for opportunities to do so) has been based on :
1 : some stuff you said ages ago (in Eur/USD thread specifically)
2 : Max McKeggs recent publications
3 : my seeing that the Yen is being sold strongly against all currencies (but that I would prefer to trade the less volatile of the Yen crosses ie USD and not GBP (the Ninja Beast can really smart)
My compression picture as above was the over-riding factor tho for this particular trade (thanks to Roddy for pointing out the Eur leading the way out i.e down as well).
This made me think that there was a distinct possibility of hundreds of pips. Given my many small losses accumulating over time and slowly but surely draining my account I want to try to focus on higher reward possiblity trades (and less of them)
I calculate my stop points from a support and resistance perspective in that retracements often go back to the top of the previous upward movement.
Yes it could all be more scientific... [:I]