1.455 20 SMA (center BB) on H4...we get through here, could be good for longs.

EURUSD

Thank you to those who took a stab at this. Others feel free to apply your understanding of microeconomics to forecast under such a situation.

A rebound in US equities would mean:

What more do you need. FF is the shizzle.

economic event data

I stand corrected, not quite Gann lines. Although Gann lines show similar support, at 1/2 retrace, the next downside would be limited to the 1.8650 area and climbing. Either way, it's a big mystery. Not worth trading the two most unstable major ...

Cable Update (GBPUSD)

They are GANN lines.

Cable Update (GBPUSD)

This guy has something to back up what he says. url Another article: " The U.S. problems The U.S. effort to tackle the credit crunch was a key discussion topic, the officials said. The joint G-7 statement took note of the downturn in the global ...

EURUSD

Imagine betting a football game and taking both teams...great way to make the book rich. Same applies with forex, those spreads add up.

What's with this Anti-Hedge Thing?

I agree stimulus will help AUD. It means people will have money to spend on chinese manufactures goods, which will benefit AUD coal producers while Coal is worth 2X what it cost a year ago. The only reason EUR, AUD and non USD currencies have been ...

AUD/USD

Can't make up your mind? Just kidding. Going long and short the same pair at the same time doesn't make sense to me, but leveraging another pair against the volatility of one pair, I've done it. Ala, EURCAD / CADJPY. If the Yen pair starts to bone ...

What's with this Anti-Hedge Thing?

China may allow Yuan to rise against the Dollar post G7 meetings this weekend. Watch your shorts... Look at Oil and Gold as potential indicators of further dollar weakness. I am trying to not post on these boards so much, but I thought I would share ...

EURUSD

I see no reason to comment on general boards — I find myself typing up responses then thinking to myself, "Who really cares?" I delete the message and go about my real work. In my opinion it's a waste of time to bang heads or try to convince ...

TickerShuffle's Trading Journal

Cable traders are a kooky bunch.

Cable Update (GBPUSD)

hehehe It's the best game in town.

A Dream Scheme... (Don't waste your time)

Sounds completely rational to me...the question is, will the weekly trend persist? The trend is up. This seems like a fair breather and that test of 100SMA was a gut wrencher this afternoon. heh All things said, It's gonna be tough to turn this ...

EURUSD

Aussie bonds are pure gold, but there is only so many bonds to buy. At current ratio, the USD can buy you a nice house in Australia for pretty cheap, they already had their housing meltdown in 2003, they have lots of coal to sell - I would not short ...

AUD/USD

Well see. The EURO was the "hero", "gold standard", "holy grail" two weeks ago. How can sentiment change so quick? The EURO negativity seems contrived to me. If I am right I have to wonder if I will have the courage to see it through for a good ...

EURUSD

Hindsight is 20/20 OR Glutton for punishment? — I tell ya... I look at the chart now after the EURUSD has dropped 200 pips from my first entry and it's clear as day. I knew the prospect for deep decline was there, and it is still there. The ...

TickerShuffle's Trading Journal

nice... I am still long. I got in small, and been adding on the slide. It's a risk, but my gut says I can't go long the dollar in this economy. I like my current position and so long as we don't slip to 1.36 I think I will make money. I am looking ...

EURUSD

But a win in forex is not a 100% gain like hitting the pass line in craps. if you are only buying forex on the spot market and not hedging, i would say the odds definately favor the banks. In craps the odds are as good as you can expect with a taste ...

A Dream Scheme... (Don't waste your time)