Happy trading day everyone. Big announcements today starting in less than an hour (Canadian employment), and then NFP in US later. My bias is south on the euro, north on yen crosses, but will go with the flow after NFP. Can't make much sense out the ...

Technical Analysis Fallacy

Yep, 20 degrees F here with 5 inches on the ground, and another 5-7 on the way. Then, it gets windy and cold tonight and tomorrow. At least M-H Trader is warm today in AZ.

Technical Analysis Fallacy

Very boring now, so it's time to take a break. It's snowing here and there are 6 inches of global warming on my drive way that need to be cleared. Back later. Good trading everyone, and be careful.

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Long the $/CAD at 1.0345, protecting the entry price for now. Edit: square at 1.0350

Technical Analysis Fallacy

Square at 1.4331

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Yep, that 50/60 area is going to be a tough nut to crack. Not going to let this ruin my day so protecting 3 pips above my average entry. Funny thing is, I could make a case to sell right now, too. Wierd.

Technical Analysis Fallacy

I am now protecting 4331 (small profit) now and will look for better entry if taken out. That is very tight but given the kind of day no need to push it.

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Added another 1/2 position at 1.4339, protecting 1.1.4328.

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Euro is having difficult time in here, but hanging on to this one for a while.

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Agree with that.

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Right, kind of crawling up this hill. I am protecting my entry price now and will kill this off if necessary, but I am leaning north on the euro for the time being. I think it will square up with 4390 during the rest of the day (maybe, maybe not!).

Technical Analysis Fallacy

Did the same thing, 1/2 position long on the E/$ at 1.4318.

Technical Analysis Fallacy

Happy trading day everyone. I have managed to break even so far, with a 21 pip loss on the cad (1/2 normal position because of late entry), and an 18 pip gain on the $/J (full position). Once again I am chasing my tail here, but eventually it pays ...

Technical Analysis Fallacy

Focus is on the AUD/$ now ahead of FAs in 3 minutes. It is trying to break north, and I missed the first entry about 30 pips ago. As fti would say, battle stations.

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Taking a few hours off now, but will be back for the AUD announcements pre-Tokyo. Have had an ok day but required lots of discipline and focus (guess that is true every day, but seemed harder today). See you later!

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From the FOMC minutes, it looks like low interest rates are here for the rest of 2010, and low or no inflation in the near future. If dollar strength is to continue, it will come on good growth news only. I think I hear a flushing noise -- lol.

Technical Analysis Fallacy

Thanks for sharing auxesis.

TAF Based Trade Discussions

I think a case can be made to short this back to 4375, but I am going to wait until it arrive there. Edit: maybe 4385

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Way to go fti. I needed a short break after my little cad trade, and now am back. I am waiting for a pull back on the euro before going long since I missed the first opportunity. If I had to make a guess, I'd go for 4375'ish, but need some time to ...

Technical Analysis Fallacy

Hi Leon, not sure what you mean by intense all day trading. But, the answer to your question is nearly every day the forex is available. The basic idea behind this is to be involved in the market so you can take advantage of the market's moves. All ...

Technical Analysis Fallacy