Just exited a long cad trade at 1.0636 for nice profits. I am going to take a break so good trading to everyone.

Technical Analysis Fallacy

Short the E/J now at 126.18 on the retracement. Protecting +3 pips and keeping my fingers crossed. Edit: protecting 125.93 now, will take profit at 125.68 Edit: square and out at 125.68 waiting for a pullback for next entry.

Technical Analysis Fallacy

Wow that is cold. Nice trade.

Technical Analysis Fallacy

Short the E/J (126.78) for a while now and watching the GBP/$. Edit: square and out at 126.38

Technical Analysis Fallacy

Happy trading day everyone. OK the E/$ broke 1.3960 but has now retreated back above 1.4028. Could be short again now but am waiting for more information before acting. Nice pullbacks all around and could be getting ready for some good action. Let's ...

Technical Analysis Fallacy

Happy Tokyo trading to everyone and I hope you are all in the E/$. I have two short positions (1.4016 and 1.3996) open now and hoping for an extension of the south move. Protecting entry on one and profits on the other. This may not last long but ...

Technical Analysis Fallacy

OK, through the 4028 level, and I am protecting 4030 now. Edit: sqaure and out at 4024, and done for a while, back for Tokyo open.

Technical Analysis Fallacy

OK, still in this E/$ trade but getting sea sick due to the up/down motion - lol. Would like to be in this as we approach the FOMC announcement so that is my goal here, but will protect my profits as best I can. Have been watching Geitner on CNBC ...

Technical Analysis Fallacy

OK, taking 1/2 position off at 4034 and now protecting entry. Need a big push now to get thru 4030-28

Technical Analysis Fallacy

I have been looking for any indication that tier 1's in London or NY are making changes to their trading ops, or are about to layoff traders, move or close down operations. There are no news stories indicating this and nothing today on CNBC. We may ...

Technical Analysis Fallacy

OK, short the E/$ again at about the same price (4064) on the break, and going long the $/CAD if break is sustained here. Good trading to everyone. Edit: watching the 4028 area and if there is a sustained break there this could go for a while. ...

Technical Analysis Fallacy

OK, now focused on the GBP and the CAD. The Eur has taken some sleeping pills and I will wait for it to break out of this zone its in now. Fresh coffee and focus now.

Technical Analysis Fallacy

Happy trading day everyone. I am short the E/$ at 1.4071 with a 1/2 normal position. May be in an equalibrium area now and this may take some time. 4028 is a tough nut to crack down below here. The GBP has retraced nicely and now looking at it for ...

Technical Analysis Fallacy

FXCM, but open an account at FXCM UK, not US. US CFTC is about to change trade leverage in US from 1:100 to 1:10. Most US brokers will go out of business or move operations to UK or elsewhere. IMO

Technical Analysis Fallacy

OK, no trades today and am bored/tired. Time for a break. Back for Tokyo open. Good trading everyone.

Technical Analysis Fallacy

A couple of banking analysts were on CNBC talking about this. If it were to happen (the prop trading thing) it would only move the trading operations out of the bank and into another business. Trading will not go away, just will be done in another ...

Technical Analysis Fallacy

LOL -- he'll have to open the brothel in his basement again -- LOL.

Technical Analysis Fallacy

Most of the big shots in the US House and Senate are opposed to the ban on pop. trading, and Bernake and Geitner are also opposed. Not sure this is much more than Obama's knee jerk reaction to the loss in Mass. Will worry about this one when it ...

Technical Analysis Fallacy

That is why I keep a close eye on my broker. Focusing on the E/J now for possible short.

Technical Analysis Fallacy

What will bring the fiasco to a halt? Scary thoughts. As for the 1000pips, I'll trade 'em, but with an eye on the 10000 -- LOL.

Technical Analysis Fallacy