You bet, it's like a rain of pips today. Or better yet a coffee liquor, like Irish cream and the like. Great. Edit: Weekly s1 at 4067 and near bottom of hourly channel coming so should be about the low for today around 4060..

EURUSD

Oh my.. I hope 5ysfx didn't risk too much on his long.. Don't trade against a powerful trend with no visible hard support to protect you. (Having said that I did scalp a few pips long on this thing about and hour and a half ago, but just a scalp it ...

EURUSD

It looks like oil broke an inverted h&s but then got immediately pulled back down hard.. It's all hanging in mid air now as it looks. Well who cares, watch for range breakouts and ride on.

EURUSD

But I understand the US goverment took 10% of'em and there will be no dividends for others. Plus maybe they'll say there's even more trouble than they thought in the future and take over more of them. Donno.. these guys are smart. If you're trying ...

EURUSD

I was thinking for a while that who knows maybe it's all a big consipiracy by the US goverment to get rid of all the major foreign share holders. Chineese, Japaneese and others with lots of US debt money in this as I hear. I won't shed a tear for ...

EURUSD

A hypothetical scenario I see is possibly a return to 350 area, forming the second shoulder of an hourly h&s and down down to 1.4050 or below. Let's see... Either way I'm out of euro and into UJ, I believe it could crash big pretty soon now, trade ...

EURUSD

Why out ? This baby is very easy to track at 30-40 pips and s/r and ma based. My tsl is now at 202 and I added another short at 182. Edit: Ok now out, about 160 total.

EURUSD

No, I said that your interpretation of the news as very negative for USD is incorrect according to many reliable sources. But if you mention fundumental analysis as a means for analyzing intraday moves, which is what we're currently doing, then you ...

EURUSD

Looks like that doesn't it ? Besides, as I understand from the talk, people are rather devided on weather these news are good or bad. CNBC said Asian bankers said it's a good thing, as just one example of such talk. So there's no clear bias for ...

EURUSD

And I'm curious why do you talk of these news in future tense ?

EURUSD

I don't care, I will not take longs on this thing at this time. Only if a strong trend starts I might scalp parts of it. But I seriously doubt the euro could mount that now, if it's not going to fall it will climb slowly and lazily, can't see it ...

EURUSD

You mean less than 4 hours right ? Huge counter strong trend weekend gap, what could be easier and more fun than this ? Common! I was just waiting for this thing to turn around to ride it. It came close to the hourly channel utl and right back ...

EURUSD

Next support is daily s1 at 4192. It's not a stupid idea at all. On storng trends when price runs away a lot on a new move you can pick some pips counter trend as the jump is over for a while, but it's risky and need to be carefully done and you ...

EURUSD

Indeed it was.. I'll stick to guessing 1.4050, but who cares, I got 150+ pips in the green and tracking it at 30-40 pips. Plus some heavier leverage small scalps on the way.

EURUSD

Yeah that G8 gap was a great opportunity. Too bad I was on demo. 5ysfx, no problem man. What was it ? Entry 4190 sl 4150 ? Cool dude, let's see what happens.

EURUSD

You're right brother, now let's return to the mosque and pray for the peace, that all the infidels will rest in... (Couldn't resist)

EURUSD

I don't know where this pair is going, but it looks somewhat bearish at this time. Anyway this is either a breakdown or another probably gradual bull wave. What's more important is that if it's a bear there should be a very nice shorting ...

USD/JPY Discussion

What's with all the gap talk guys ? There's no gap, price closed at 4268 and hasn't moved since so far. (Oanda works continuosly through the weekend as well, so it's the real time price.) It did go up like 35 pips 20 minutes before market close ...

EURUSD

This is for 5ysfx and all the fast on the trigger bull guys: Well I already mentioned the argument of insane momentum and no really visible - on the historical charts support until 1.4 now, for me that would be anough in this case. But I also ...

EURUSD

It's more like 3-4 trillion now by what I heard.. Doesn't mean you need orders in the billions though, while the market is thin probably much less could move it for a pip, still much more than any (or who knows, maybe just most) of us got here. ...

1 pip = ? lots