Big levels — I don't think it's a good idea to play big levels, such as mentioned in the last two posts, the same way you play shorter term levels for bounces. First, reversals at big levels generally happen slowly. Second, there's a lot of ...

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Neither for today, just end of month deal flows with lots of dollar selling.

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In addition, 1.3955 has been the main trenchline for about a week. Gave way yesterday so bounce expected.

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Thank you for kind greeting! Will try to contribute to the extent that time allows.

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Yep, what you saw was profit taking ahead of the weekend, and maybe some easing of positions as everybody, including the neighbour's dog, is short the dollar. London is good for short term traders because the bulk of the day's volume gets traded ...

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Aren't you just sorry you missed the party? London profit taking is over, the trend is still up, and the sun is shining ahead of a long weekend. Much better to learn to trade the London open and call it a day at this stage.

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My pleasure. And it is not so much an opinion as trying to understand how the market works. Put yourself in the shoes of somebody who wants to buy a billion EUR at 129.85. You wouldn't place a market order when the level gets hit, as that would ...

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First, looking at a daily chart, you can see that the 130 area has been a key level to regain after the Oct 08 turmoil. Second, looking at a 4 hour chart, you can see that 129.85 has been in play a number of time over the past few months. So it's a ...

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Well, you can turn on the Autorefresh function, but you won't get the news in real time. For that I would recommend MNI's FX Bullets, which you can get through your Bloomberg/Reuters terminal, or for a fee from url after one month's free trial.

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Forexlive — And here's one run by fx professionals: url

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Weekly and Monthly Pivots — Hello everybody, and thanks for nice thread and discussion, and my gratitude to BRV/Steve for generosity. I thought I should contribute a little something that I find to be of value - weekly and monthly pivots. As ...

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