What was that all about — 87 pips in 7 minutes....

EURUSD

this northbound train appears to have lost it's driver. Is currently taking off through 1.5870+. Now 1.5890+ 70 pips in a couple of minutes 1.5900+

zoopy's trading journal

If it does come back to 1.5700 again there might be some good range trades today in the Australian session as it may range from 1.5680 to 1.5760 as long as only buying long on the dips... just a thought K8

zoopy's trading journal

just bounced off 1.5680 and pushed striaght into 1.5750. Lets see if it tests 1.5680 again.

zoopy's trading journal

I'd want it to bounce off the 5700 area a couple of times for it to create a support level. I think there might be a couple of hundred pip volatility in the short term. K8

EURUSD

I've got a 3 sided coin to toss. Heads/tails/......, anyone's guess but I'm not going to chase. Buy on dips Jacko says. 30 - 40 pips right now to 1.5700 is not significant enough a dip IMHO. If it hits 1.5800 then 1.5700 might be a place to set a ...

zoopy's trading journal

Thye would wont to be quick. Not far off that time now...

EURUSD

Article — From the article listed in Luckylurker's post. Not sure how to quote it properly so just cut and pasted it and coloured it mauve????? Right now it's a very potent short-term problem,'' said Brian Barish, who manages about $8 billion ...

EURUSD

I agree. Was there anything in the news over the weekend to justify it or is just Aussies that missed out on the Friday Bear Stearns news trying to catch up????? If yes there may be a minor sell off for profit taking and subsequent panic selling of ...

EURUSD

What the? — You gotta love this market. Australian session just opened and the EURUSD has straight away taken off to 1.5740. Did anything come out in the news over the weekend to justify this or is it just Aussies that missed out on the Bear ...

zoopy's trading journal

Bear Sterns — Just caught the news on TV. Bear STERNS or what ever the company is called got smashed in the US session. Everyone coming into bank and withdrawing their money....... What's next??? EURUSD to continue climbing. K8

EURUSD

Ahhh. Good to see someone else back-testing and claiming righteousness... Only kidding. Up to you but 90% correct is still a good indicator (devil word). K8

zoopy's trading journal

Jacko's thoughts — I'd be interested in what Jacko thinks about the current EURUSD environment? To me it is currently experiencing a volatility that goes against the general premise of trading only the EURUSD. While the daily chart still ...

Jacko's Forex House of Pleasure and Pain

My 2 cents worth. I think it is all the USD. Looking at the Euro against the other majors and a couple of others, It is falling against the Swiss, back to support levels of a couple of years ago; It's rising against the pound; it's range trading ...

EURUSD

Actually it did, just a little later than usual. Maybe half marks this time. 4.5 out of 5.

zoopy's trading journal

Lessons learnt — While everyone appeared to make ripper profits this week, I can say I had a forgetable one. My last 3 trades were for losses. 2 due to buying on a pullback to 1.5600 and then getting stopped out at a 50 and a 55 pip SL and the ...

zoopy's trading journal

ok. It's 9am and still in. Is starting to go up........

EURUSD

i'm in at 1.5600 so is currently skirting my SL. Last couple of night took off around 9.00am EST. Hopefully wont be stopped out before it does. If it does that's 3 trades in a row I have been stopped out by stop hunting. Might sit back and wait to ...

EURUSD

Gerard, funny thing happened to me with entries that appears to make me the absolute expert at entries and setting stop losses, except by one pip. Yesterday (Oz time) I set a buy in at 1.5550 and around 8.00am the price pulled back to 1.5551 before ...

Jacko's Forex House of Pleasure and Pain

Clarification — Milan, (sorry not sure how to quote). You have mentioned the open/close bar in your last post being a possible neutral bar and therefore I am assuming not very good for picking a direction. Am I right in saying that using this ...

zoopy's trading journal