I have a good short set up on the EURUSD. Looking to set short at 1.5846 or a little better. Target 1.5612. image

EURUSD

Looks like a rocket ship to me

Currency Cycles

I do not try to pick tops and bottoms. Quite the opposite, once price confirms a directional cycle, then I enter or exit a position. I am never the first in or the first out. Hindsight makes a wonderful chart and makes an analyst seem like a ...

Currency Cycles

Dollar Index — The USDollar Index ended a recent short term down cycle on April 7th. This cycle began on February 26, 2007. Currently there is no cycle and I am flat. image

Currency Cycles

The pound entered a short term downward cycle on April 6. I am establishing short positions in this currency at 1.9700 or better. image

Cable Update (GBPUSD)

For long term cycles to begin I look at only one thing...PRICE. As far a the duration I use many criteria but the most important is TIME. Long term trends are tough to stay in. Moves can swing many hundred ticks against a position. To me, when the ...

Currency Cycles

GBP - Short Term Cycle - Down The pound entered a short term downward cycle on April 6. I am establishing short positions in this currency at 1.9700 or better.

Currency Cycles

GBP 2008 Overview — Long Term Cycle - Down In January 2008 the Pound entered a long term down cycle and made a multi-month low of 1.9336. Since that time, approximately 2 1/2 months, price has rebounded and moved sideways. It now appears to be ...

Currency Cycles