Recent content by downrivertrader

Next structural level for Euro is 1.65.

Nice trade on this one.

USDCAD is a bit confusing to me. Looks like it is a critical stage to leg up or down again. Looks like it might head down to 1.12 area again to me. I am short @1.2472

I took a small short position in EURAUD. Looks to me like it may work lower over the longer term. I will stay short unless the downtrend line is violated on a daily close basis. Short @ 1.9976

I have never really traded crosses. This one looks attractive though. What are the spreads (generally) on this pair?

Long EUR @ 1.3272. Target 1.35 Stop - If we build value below 1.3259 I am out.

I mean, how the hell can people buy the dollar when we are spiraling out of control. The logic that the dollar is the best of the worst alternatives is a very dangerous play long term in my opinion. Let's face it we are in a secular downtrend. It seems like many forget this and just jump on...

Here is another long term chart of the USD index. I have been posting this one for a few years also. This channel is plotted by connecting the highs in 1985 to the highs in 2001. You can see that the recent run up in the dollar moved down from fair value. Likely many longer time frame sellers...

Heres the trendline in realtime on a daily chart for clarity. Looks like a long set up here, but lines in the sand don't put money in the bank. My approach on this is that we are at a a solid value area to begin 2009. My longer term price distribution analysis confirms this also. My goals here...

I have been posting this chart here off on on for a few years. It has been interesting to follow it. It nailed the end of the year tops in the Euro and the fall is now building value near the median line. Interesting we moved back above it, and with the price action on Friday we pulled back to...

Ivan and others... What's the group here thinking on dollar overall. I am having a difficult time with buying dollar strength but as always I will not fight what is actually happening. Looking at the EURUSD, I was a buyer near the lows on Friday. I am watching the 1.35 area very...

ALL indicators are simply a reflection of price action and a marketing play for all those involved in bringing them to traders. They are a lazy man's easiest way to lose all his money. Trendlines are more pure but they are subjective also. After all you have to decide where to draw them. But...

Is your method for scalping posted somewhere in this thread?

This is a chart that I first posted here back in 2005. As December plays out, I am keeping an eye on it.