Looks like we are trouble. Didn't close at 570. Will be ranging for the rest of the day?

EURUSD

I am rather confused now about eurusd. It seems like it has reached the reverse point and should start to turn downward. Is that right?

Ask DRT

Where have you been Moe? Need you to move the cable car.

Cable Update (GBPUSD)

Bounced off of 505.

EURUSD

Don't know if I would get in right now since eurozone cpi news coming out in a few minutes.

No Brainer Trades

Anybody is trading cable today? This thread is quiet. Anybody caught the move downward?

Cable Update (GBPUSD)

German number messed up my plan. Argh! Can't the Germans just get their act together?

No Brainer Trades

Thanks for the couragement. I am new so I doubt myself a lot. Good that I see something that experienced ones are seeing too. EURUSD is rising as expected. Let's see what happens next.

No Brainer Trades

What? You can't leave! We need you here to push the cable roller coaster.

Malaysia

Like you, I don't believe anything the bank says. They have been proven wrong too many times and who knows that ulterior motives they have in saying what they say anyway. Looing at my chart, I believe eurusd has some unfinished business to take care ...

No Brainer Trades

I guess the bulls lost the fight.

EURUSD

It's already happened. EURUSD is trading in the mid 20s.

EURUSD

Fine and dandy for last night. What's your take on the EURUSD movement for Friday?

No Brainer Trades

Hello DRT, What's your analysis on AUDUSD? Thanks.

Ask DRT

How fast oil and gold bulls have turned into bears! Is the trader expert saying that the tide has turned and now oil is in a down trend? That will affect everything in forex since most currency pairs follow oil prices.

USD/JPY Discussion

I would like to adopt your method because I see that it might be superior to others. Earlier you advised somebody who was short on usdjpy to cover. Obviously you detect that it's unbalanced. Could you explain more? Where do you see balance to be, ...

Ask DRT

How far up do you think usdjpy will go before turning downwards?

USD/JPY Discussion

I am very interested in your method, but I, as of yet, can't say I understand. When you say "market trends", do you mean prices move? I don't understand what you mean by market rarely trends because I see the prices move all the time, by the second. ...

Ask DRT

Then we will reverse and go south?

Ask DRT

Good in the sense that it was better than expected. Everything is comparative and driven by expectations. None of the US data so far this year has been good, yet when they are better than expected, they have been able to drive USD higher.

Cable Update (GBPUSD)