The EURO will top 1.30 again, not sure how high it'll go over... but it's a very safe bet... look at the GBP when it lost 1.50, the USD/CAD when it lost 1.0000.... this big psychological numbers usually get crossed multiple times... A safer play ...

EURUSD

Ah yes, the great Jesse Livermore.. I've read excerpts from the book; good stuff... CAD broke parity and there was a lot of people still saying it'll keep running (which it might)... but that's exactly why I'm long USD/CAD and have been adding to my ...

USDCAD trend reversal?

Hi, Which book was this if you don't mind me asking? I'm in the market for a few new trading books as I have just recently finished reading what I have... I'd highly recommend "Trading From The Gut" btw, that's a book I just finished and I'm sure it ...

USDCAD trend reversal?

It's just a shock I think for a lot of people to hear; hence the quick spike in price.... could easily keep running or just retrace... too soon to tell... looks like you can get a good price on some Yen cross shorts soon though if anyone wants to ...

Nearly Naked (Simple Trades)

I actually get news blips from the "Forex Insider"... it comes with the platform if you trade with Forex.com... Well, it's getting late here and I have to get up early... happy Pipping everyone!

Nearly Naked (Simple Trades)

It sure as heck helped my long USD/JPY trade come back; I'm long-term on that one 97-100! Been hedging in and out on some short yen crosses in the meantime and small trades long and short USD/JPY... but I hold my core position long-term (once the US ...

Nearly Naked (Simple Trades)

Japan Ruling Party Draft: Should try to keep forex levels around 120 Yen per dollar... Can you imagine where the crosses would be priced if it ever reached that!?!

Nearly Naked (Simple Trades)

Heads up on a longer-term play... Check out weekly chart on AUD/NZD; very nice shooting star last week and a bearish candle to start off this week... Last week, I mentioned the pair having the potential to lose the 1.30 handle "soon" and it's ...

Nearly Naked (Simple Trades)

Anyone else bearish (targetting well below the 1.50's, to 1.47's perhaps) if it closes below 1.5380 by the end of the NY session?

Cable Update (GBPUSD)

Thanks, you do the same! Awesome new thread by the way... I can't believe how active it is... its almost hard to keep up... I had to go through 10 pages of posts after I got to work just to catch up to speed! lol Hope you got a little pippage out of ...

Nearly Naked (Simple Trades)

Ended up getting out at 1.0743 while I was sleeping then set some orders to reload at 1.0700... currenlty down on those, but not the least big worried.

Nearly Naked (Simple Trades)

Cool, my long filled at 1.0700... Heads up for a potential multi-day play: Look at the daily chart on AUD/NZD; the last 3 days are showing long wicks (doji-like spinning tops) on the topside, this is after a nice run-up... could be due for a decent ...

Nearly Naked (Simple Trades)

Very uneventful.

AUD/USD

I think the Yen takes the Dollars place and becomes the new whipping boy this year... I plan to add more when/if we near 92.70; that's where the big breakout occurred so it should be pretty solid support... It is hard to hold long-term though... ...

Weekly COT report Analysis + Trade Ideas

Here's it is on the daily; a small right shoulder (though not that far of a reach), but still something to consider.

AUD/USD

0.9310 should put up pretty good resistance. There is an inverse head and shoulder pattern that's been building and we're now above the neckline... meaning, 0.9500 if we continue to rally and that pattern plays out, but on a nice overall market ...

AUD/USD

Are you short AUD/CAD by any chance? Check out the long-term daily chart; we broke to the downside real nice from the triangle that's been forming for a while and today we tested the bottom of the triangle (previous support); technically, this is my ...

AUD/USD

Ya, nice little ride here so far.

Weekly COT report Analysis + Trade Ideas

I'm with you on this one... I'm also long EUR/JPY; I've noticed you had it on your previous chart, I've been eyeing that reverse H&S pattern for a while and was hoping it'd retest the neckline, in at 1.2550 a little earlier today... Looks like we're ...

Weekly COT report Analysis + Trade Ideas

If we lose 0.9165 we should have direction to the downside... that's the low just before the decision came out... I pretty much think a break of that level could set the trend... on the upside, 0.9215-0.9225 perhaps.

AUD/USD