I think it'll go back down from here, but I gotta admit that it sure looks like another trip to at least 1.28xx is in the cards...

EURUSD

All you silly folk thinking the news actually moves the market... News only affects people's sentiment, and their collective buying and selling is what causes the market to move...

EURUSD

Certainly not the EU right now...

EURUSD

I got nervous and sold my longs at the bottom as usual. Only to watch the rebound to BE...

AUD/USD

You know, I bet we'll be stuck in the big triangle until the Fed announcement next Wed. I think I'll put my long back on.

AUD/USD

Annnnnndddd.... Nothing happened.

AUD/USD

We could even fall to .8730 and still have support from the Oct 13 trend line. I don't expect much more action from this session though. If we test the top it'll probably be during Asian hours.

AUD/USD

Wow. SP500 is tanking too. Edit: Tanking was too strong a word to use (I was zoomed in too much!)... It is giving up its gains today though. It looks like it's gonna fail the 5 year channel retest that broke last week.

AUD/USD

Well that was weak. When the move quickly ran out of steam I got out with a few pips gained. EU still has quite a bit of upside left from its move...

AUD/USD

And here comes the rocket ship blasting off again! I saw it coming and entered long again.

AUD/USD

Agreed. We very well could stay in the triangle until the Fed decision next week though. Or we break it early one direction (I'm guessing short, because the retail COT is net long right now) and then when the Fed extends QE (my guess) we could see a ...

AUD/USD

I'd say that I'll bet money that it won't hold again, but I'm not gonna.

AUD/USD

Looks like we'll be testing the longer term trendline at .8730ish pretty soon. I finally gave up once .8760 broke down again and I'm now on the sidelines for a bit. I'd enter short, but that just doubles the pain if the market whipsaws!

AUD/USD

Yes the move was correlated across different pairs, but I certainly wouldn't call it "really strong and decisive." A slow retracement of the strong and decisive move this morning...

AUD/USD

Yeah, the move down looked quite impulsive, looks like an Elliott 5 wave pattern (not very clear though) and we're now at the 38.2% retracement from the decline. which looks like it's holding the advance. I'll probably close my long soon.

AUD/USD

I hope your right. I'm still holding onto a big long position from when I thought the channel was gonna break to the upside this morning. Boy did it go down in a hurry! My emotions are screaming at me to sell, but I'm holding on.

AUD/USD

Of course, if it were that easy I'd be richer than Bill Gates. No, I think what happens is I look at the longer term charts and make my opinion on the longer term direction, then when I drill down to the M5 to make my entry, I think I'm gonna miss ...

Counter-trend trading

I've found that I can perfectly time short term bottoms when I'm shorting and tops when I'm long...

Counter-trend trading

I'm not saying so, that's what the profile says in the message I was quoting (though it says it's a "real" account, I have no way of knowing). And yes, I am a bit skeptical as well. And I'm also wondering why I have to explain myself to you... ...

EURUSD

Clearly you've never watched pro cycling. "Double trouble" is standard custom for a stage winner. url

EURUSD