This is why I never trade against the master trend, you never know when it'll snap back in the market to show it who's boss, and why it's safer to find a position that matches the master trend. To me - this reaffirms the fact the dollar is still in ...

EURUSD

Good question, hopefully someone knows the answer. I need to learn more about the EURO factors, I mostly just keep in tune with the USD.

EURUSD

Looks like you're right - lots of indecision now, must be waiting on what he has to say.

EURUSD

Bad news for the dollar - so this puppy should tank, pushing E/U higher! wooo!

EURUSD

Exactly what I done! wow - we must have been on the same wavelength yesterday or something

EURUSD

Interesting!! Didn't know that. I'm going to go look through some old charts while I wait. The dollar needs to come down to the $84 and test the 50MA on the 3 & 6 month chart before resuming its uptrend. That should push us to the 1.3200 ...

EURUSD

*fingers crossed* Starting to wonder if I got out of my shorts from the 1.3070 level too soon. . I'd be bummed out to see it start to tank now since I don't have a position.

EURUSD

Awww was hoping for a nice new rally this morning, but saw nothing but retracement. Want to get short, but don't like these levels and price is in traffic. Hopefully we'll get a push back to at least the 1.3100 area.

EURUSD

Personally I'd like to see it at the 50%. The stronger moves are bounces from the 50% in my opinion. So hopefully we'll get to the 1.32xx so I can load up the short bus.

EURUSD

We're on the same page there! I barely got out with my shorts from the 1.29xx levels I had open to close at the 1.2811 area this morning. But I have been waiting for the top of this thing. Nothing fundamental has changed, and it's when ...

EURUSD

Thanks for the tips Wellspring about taking profits in stages. I agree with you about the sucker rally going on. I actually just sent more cash into my account today to prepare for the short play.

Jacko's Forex House of Pleasure and Pain

I've been trying to figure out with Jacko on re-entry guidelines, but haven't figured any out yet. So far - I've just been waiting for another setup as it is safer.

Jacko's Forex House of Pleasure and Pain

I share your same feeling of not liking to be 100pips in profit, just to watch it go to break even or maybe 20pips. What I've been doing is drawing a FIB from the start of the big move to the top of it, and take profit when it hits the 38.2% or the ...

Jacko's Forex House of Pleasure and Pain

Anyone's fallen soldier get picked up this morning?

Jacko's Forex House of Pleasure and Pain

Awesome trade Jim - and congrats for following the signals!!

EURUSD

has anyone else noticed the low volume on the DOW today on this +500 up day? Every other day, the last hour would be in the 100+ million shares. I don't even think we've broken 20million today.

Jacko's Forex House of Pleasure and Pain

Classic sign of a fake out - lower volume on the run ups. Check the volume of shares traded today, even on the spike upwards. (on the DOW) Yes - I'm on the short bus and will look like I have a crystal ball by Wednesday. Happy Trading!

EURUSD

It happens a lot more when looking at the smaller time frames. If you are looking for trend direction, you gotta be looking at the H1 or higher.

USD/JPY Discussion

that it would - I just don't think it's got enough juice to make it that far up. If it does though, Christmas will come early!!! *haha*

EURUSD

Maybe they are getting their 'sell' finger warmed up?

EURUSD