Even if it is going into a downtrend, you may well be right in the short term...

EUR/JPY

These are simple market forces in play with the central banks. No one currency can get to strong or it will hurt their goods and services in the law of supply and demand. If the currency value goes to high, they lose their overall buying power. So ...

NZD/USD

Being on vacation I shouldn't be sneaking down into the hotel computer room checking on my positions but it's a temptation too hard to resists sometimes. I'm putting a lot of weight on the monthly chart which seems to be following the fibo indicator ...

EUR/JPY

[/FONT][/SIZE] Let me add to that. It works until it doesn't" I'm not a favorite of Keynes but he once remarked and it could not be more true, "...“The market can stay irrational longer than you can stay solvent.” I've margined out more than once ...

NZD/USD

In the Forex market there is no such thing as a melt down on a daily basis. The monthly chart suggests a downtrend is looming which is fully expected. Even if you value one currency pair over the other, they all retrace and the NZD/USD is long over ...

NZD/USD

EJ has been uptrending for over a year now. It would be expected for it to do some serious retracement. The EMA is just starting to break away from the high part of the OHLC indicator. A 50% retracement would be around the low 120's. You can still ...

EUR/JPY

According to my OHLC and Bollinger Bands, (that's about all I use these days for trend spotting) these are the trends of the following charts: As of 8/52014 PST am 15 Min - TRANSITION- I only use 15 min for positioning a trade 30 Min - TRANSITION- I ...

EUR/JPY

Phase I I shorted in the 138.'s. Now I'm adding in phase II. Just put in two more short positions hoping I can get my final short at 137.82. Hoping for a long trend down and then final phase III in shorting in the 135.'s.

EUR/JPY

The EJ goes up and down but we are definitely looking at a long term trend down. That is not to say you can't do well on buys during the retrace. It does need to be confirmed at a .8400 break. Once it does, it is a definite down trend. You can still ...

EUR/JPY

I'm the one confused. I have positions in both the EJ and the NU... sorry.

NZD/USD

The EJ goes up and down but we are definitely looking at a long term trend down. That is not to say you can't do well on buys during the retrace. It does need to be confirmed at a .8400 break. Once it does, it is a definite down trend. You can still ...

NZD/USD

I'll feel more comfortable when the price breaks below .8400's. I tend to position with the trend but if your careful, no reason you can't go long.

NZD/USD

The EU monthly chart on a long term basis would suggest a downturn trend into the 1.20's. The chart is revealing as well, a harmonic convergence which, if it came to it's ultimate conclusion would be around the low 1.30's until a breakout one way or ...

EURUSD

The last time it peaked in the high 80's was in 2011 and the second attempt to break through didn't happen. It has been long term trending up since 2008 with the price in the high 40's so I think it is ready for some healthy retracement. If you are ...

NZD/USD

Yea, but even the big boys go by the rules...

NZD/USD

Agree. The last time it peaked at .88 was in 2011. It double topped and now going to work its way down. I'm shorting on the retraces. Hasn't happened yet but am on the sidelines waiting... I've already positioned but now am setting for the second ...

NZD/USD

It looks like we peaked and we are looking at a long term down trend.

NZD/USD

I'm afraid I agree...

EURUSD

Another silly shutdown. What else is new? The last two decades, that's what we do... except nothing changes in the least.

EURUSD

It has to break 3570 to test previous highs. One pip over and it's going up. I don't care where it goes but I need the retrace to get back to BE.

EURUSD