Now watching the GBP/$ for the next surge, which may be south if it decides to square the 1.6820 level, and then perhaps back to 1,6760. However, the trend is still up.

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Taken a long position on the GBP/$ at 1.6847, now protecting the entry price before upcoming announcements. Edit: Square at 1.6852

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CAD hit the 0705 target and then some, but still thinking of a move north. Waiting on the CAD and watching my other pairs.

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Now looking at a counter-trend trade on the $/CAD, but waiting for it to develop. Would go long after another surge south and on a good break north with an initial target take profit price of 1.0850. The trade will take advantage of the possible ...

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By the way, for anyone following this thread, I am a strong believer in getting out of trades "too early". I am a big believer in taking profits.

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Short the $/CAD at 1.0750, protecting the entry price now. Edit: protecting 1.0745, and will take profits at 1.0715. Edit: Cad is struggling at target price 1.0730, waiting. Edit: Now protecting at 1.7030, take profits at 1.705 Edit: First target of ...

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8/3 - Chart work for London is completed. Focus today is on the GBP/$, $/J, and the E/J. Will take a look at the E/$ on a break south. More to follow. Edit: RE-thinking the E/$ now, watching for a break above 4255 for possible long position. Euro is ...

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USDX — I posted this on another thread but thought it would be good to comment on it here, too. The USDX has hit a -.618 fib extension (for the third time). While the -.786 and -1.26 fib extentions are valid targets below, it would not be ...

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Happy Saturday to everyone. Just stopped by to catch up on some reading and saw this discussion on leverage, risk, etc. I look forward to reading fti's comments on this, but thought I'd throw my 2 pips in for his expert consideration, too. One part ...

Technical Analysis Fallacy

Summer trading can be like this. Wednesday was a wierd day for me when I was completely out of sync with the market. For me, summer trading means being just a little more careful in trade selection (when the trend is not always there to rescue a ...

Technical Analysis Fallacy

Just checking in here to see how everyone did today. Had a great day with the E/J early, and the GBP/$ later in the morning. Sounds like fti had a good week, and hope everyone else did as well. Have a good weekend.

Technical Analysis Fallacy

I am calling it a week. Had pretty good day with the E/J earlier and the GBP/$ a few minutes ago. GBP was better than the -1.5 at -1.0, but the big revision to last months number indicated a deeper problem than the -1.0 would seem to indicate which ...

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Square on GBP/$ at 166.53.

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Long the GBP/$ at 1.6578, protecting 1.6598. Entered very late but it seems to be rolling north. Edit: Moving stop to 1.6603, setting my limit to 1.6641. Edit: Moved limit to 1.6653, moved stop to 1.6628

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GDP release presents a negative picture. Although the Q2 number at -1.0 was better than expected, the very big revision to last months number to -6.4 was really bad, and personal consumption was way off. Not a pretty picture. The expectation is for ...

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Protecting 135.25 now on the E/J long trade. Edit: Square at 135.35. May be leaving some on the table but that is ok with +35 pips to start the day.

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Could not resist: Long E/J at 135.00, protecting entry. Watching the CAD now, too. Edit: Will consider exiting this one at 135.30/35 for a quick one. At my trend line now at 135.20'ish

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Friday 7/31 -- Focus today is on the GBP/$, $/Y, and E/Y. A break south on the CAD will receive more attention. On GBP, 1.6560/70 has formed strong resistance; on $/Y, watching to see if 95.50 provides good support; on E/J, waiting to see if upper ...

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Tomorrow (7/31) may be a very important trading day, and one that could shape PA for some time to come. The release of the first print of US 2Q GDP may cause the markets to really react. Expectations are for -1.5, but anything below -1.7 or -1.8 ...

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Long the E/J at 134.54, protecting entry and being careful now. Will protect +10 pips if it hits 134.75 Edit: Flat at 134.54. Watching

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